Discover® Business Card Review
The Discover® Business Card was last reviewed on : 26th June 2008![]() |
Rebate Formula - Office Supplies and Gasoline - The Discover® Business Card has a tiered rebate formula. For your first $1,200 of annual spending on office equipment and supplies, you will earn 5% rebates. For your first $1,200 in gasoline purchases, you will earn 2% rebates. Once your spending on these two category of items exceed the $1,200 threshold, you will earn the same rebates as your "other purchases", which has its own formula. Let us look at that next.
Rebate Formula for "other purchases" - For other purchases, you earn 0.25% rebates when you annual spending is below $5,000. Once your annual spending exceeds $5,000 you earn 1% rebates. Purchases made on office supplies and gasoline count towards the $5,000 threshold. You can earn unlimited rebates.
Double the value of your rebates - The other great feature of the Discover® Business Card is that you can up to double the value of the cash rebates you have earned by exchanging them for the 60+ merchant partners gift certificate. That means that a $20.00 rebate can turn into a $40.00 gift certificate. Below is the list of some their partners.
| Bedroom Expressions | Kalamazoo Outdoor |
| Big City Chefs | GourmetTM Grills |
| Carnival Cruise Lines | Lawn Boy |
| Celerity Cruises | Lobster Gram |
| Crabtree & Evelyn | Mrs. Fields |
| Denver Mattress | Norwegian Cruise Line |
| FTD.COM® | Princess Cruises |
| Furniture Row Outlet | Reader's Digest |
| Great American Days | Royal Caribbean® |
| Holland America | International |
| Hollywood Video® | Samsonite® Company Stores |
| Hyatt® Hotels & Resort | The Sharper Image |
| Sofa Mart | Sprint |
| Ticketsnow.com | Ultra Diamond Outlet |
| BLOCKBUSTER® | M&M's World |
| BLOCKBUSTER Online | Omaha Steaks |
| Ethel M Chocolates | Rhapsody |
| Sunglass Hut |
| AMC Theatres | Champs Sports | Men's Wearhouse |
| Ace Hardware | Crutchfield | Pep Boys |
| Bed Bath & Beyond® | Eddie Bauer | Pier 1 Imports |
| Bennigan's | Fandango | Ponderosa Steakhouse |
| Black Angus/Cattle Company | Footaction | Red Lobster |
| Steakhouse | Foot Locker | Sally Beauty |
| Bonanza Steakhouse | Gap | Staples |
| Borders Books & Music® | L.L.Bean | Steak & Ale |
| Buca® di Beppo | Lands' End® | Waldenbooks® |
| Ace Hardware | Gap | Pier 1 Imports |
| Callaway Golf | L.L.Bean | Red Door Spa |
| Cooking.com | Lands' End® | Sunglass Hut |
| Crutchfield | Mario Tricoci | |
| Eddie Bauer | NASCAR.com |
| Chili's Grill & Bar® | On The Border Mexican Grill |
| Kohl's | & Cantina® |
| Maggiano's Little Italy® | Red Lobster |
| Romano's Macaroni Grill® |
Charity Donations - add 20% - Discover will add 20% to the following charities if you choose to donate your cash rebates. They are the American Red Cross, Junior Achievement, Juvenile Diabetes Research Foundation and the Make-A-Wish Foundation®.
Special Merchants Discount - Discover gives the business cardholders special discounts to various merchants. Below is a sample of what you may get
Barnes and Nobles - 7% cash back Overstock.com - 5% discount FTD.com - 20% cash back or discount.
Purchase Checks - The Discover® Business Card allows you to write checks (called purchase checks) to business suppliers who do not accept credit cards. Your interest rate will be the APR on the card. There is no fee for this service.
Other Discover® Business Card Services - Discover also offers the following services to cardholders. You get free annual and quarterly reports. Your statements for the last 12 months can be viewed online and sorted by categories and employees. You can also transfer your expenses into Quickbooks.
Verdict - For a small business owner to get the most out of a cash back business credit card, you will have to look at your own expenses and how they breakdown. This is because different business cash rebate cards offer 2-5% rebates on different business purchases. If you spend less than $1,200 in offices and supplies and gasoline, and would like the flexibility of exchanging your rebates for gift certificates instead, then the Discover® Business Card would be a very appropriate card for you. The 0% apr offer on purchases for 12 months may also appeal to those in need of some lines of credit for capital expenditure purposes.
Positives
Negatives
| Discover® Business Card | |
| Reward Benefits | |
| Rebate Percentages | Earn 5% cash rebate first $1,200 in office and supplies purchases Earn 2% rebates on first $1,200 in gasoline purchases For "other purchases", earn 0.25% rebates for annual spending below $5,000, earn 1% rebates once annual spending exceeds $5,000 |
| Cost/Fees/Interest rates* | |
| Introductory rate | 0% introductory APR on purchases for 12 months* 3.99% APR on balance transfers for 6 months* |
| Annual Fee | No annual fee* |
| Purchase APR | 13.99%* |
| Balance Transfer APR | 13.99%* |
| Cash Advance APR | 23.99%* |
| Penalty/Default Rate APR | 24.24%* |
| Min Finance Charge | $0.50* |
| Grace Period | 25 days* |
| Balance Calculation Method | Average daily balance (including new purchases)* |
| Balance Transfer fee | 3% min $5.00, max $75.00* |
| Cash Advance fee | 3% min $5.00* |
| Over-the-credit-limit fee | None on balances of $1,000 or less; $39 on balances greater than $1,000* |
| Late Payment fee | None on balances up to $100; $39 on balances of $100 and greater.* |

