Have A Question About Credit Cards?


Most Popular Pages
2010 Best Credit Cards
2010 Best Business Credit Cards
Balance Transfer Credit Cards
Low Interest Credit Cards
Sign Up For Our Newsletter
Email:
Name:
We do not share or sell your information Privacy Policy

Discover® Business Card Review

The Discover® Business Card was last reviewed on : 26th June 2008

discover small business
Summary - The Discover® Business Card will appeal to the small business owner who is looking for a cash rebate business credit card. You can earn 5% rebates on office supply purchases and 2% rebates on gasoline purchases. There are a few details in the rebate formula that you should be aware of. So read on to find out more about this card.

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.

Double Your Rewards with these 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


Teurn $20 Rebates into $30 Gift Certificates
BLOCKBUSTER® M&M's World
BLOCKBUSTER Online Omaha Steaks
Ethel M Chocolates Rhapsody
Sunglass Hut


Turn $20 Rebates into $25 Gift Certificates
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®


Turn $40 Rebates into $50 Gift Certificates
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


Turn $40 Rebates into $45 Gift Certificates
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

  • Up to double the value of your rebates
  • No annual fee*
  • 25 day grace period for purchases
  • Earn unlimited rebates
  • 5% cash rebate on office supplies for first $1,200 in annual spending
  • Earn 2% rebates for first $1,200 in gasoline purchases


  • Negatives
  • Tiered rebate system - can only earn 5% and 2% rebates on office supplies and gasoline purchases for spending on these items of up to $1,200



  • 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.*











     
     
    Web www.askmrcreditcard.com

     



    Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

    Disclaimer 2: Though we may be affiliated with some credit card issuers, our credit cards reviews and the content on this site is written solely by us and are not influenced in any shape or form by any credit card issuers. In fact, any content here is copyrighted and cannot be reproduced elsewhere without permission. Though we make every attempt to make sure that our content is up to date. But please always check the terms and conditions for the most updated information since things like APR change fairly often.


    Credit Card | Privacy Policy | Terms and Conditions | About Me | Contact Me HACKER SAFE certified sites prevent over 99.9% of hacker crime. Site Meter

    © www.askmrcreditcard.com All Rights Reserved

    *See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer. *See the online application for details.