What Business Credit Cards Does Discover Offer?
John ShahidiDiscover is a well-known credit card company that offers a variety of credit cards for both personal and business use. In this article, we will focus on the business credit cards that Discover offers.
Discover it Business Card
The Discover it Business Card is a popular option among small business owners. It offers 1.5% cashback on all purchases and has no annual fee. Additionally, Discover matches all the cashback earned in the first year, which can be a significant amount for businesses with high expenses. The card also offers a 0% intro APR on purchases for the first 12 months.
Discover it Miles Card
The Discover it Miles Card is a great option for businesses that require a lot of traveling. It offers 1.5 miles on all purchases and has no annual fee. Additionally, Discover matches all the miles earned in the first year, which can be a significant amount for businesses that travel frequently. The card also offers a 0% intro APR on purchases for the first 12 months.
Discover it Chrome Card
The Discover it Chrome Card is a good option for businesses that spend a lot of money on gas and restaurants. It offers 2% cashback on up to $1,000 in combined purchases at gas stations and restaurants each quarter, and 1% cashback on all other purchases. The card has no annual fee and offers a 0% intro APR on purchases for the first 12 months.
Discover it Secured Card
The Discover it Secured Card is a good option for businesses that are just starting and need to build credit. It requires a security deposit, but it offers 2% cashback on up to $1,000 in combined purchases at gas stations and restaurants each quarter, and 1% cashback on all other purchases. The card has no annual fee and offers a 0% intro APR on purchases for the first 12 months.
Tips for Applying for a Business Credit Card
When applying for a business credit card, it's important to have a good credit score. Most business credit cards require a credit score of 670 or higher. It's also important to have a solid business plan and a clear understanding of your business's finances.
Annual Fees and How to Avoid Them
Some business credit cards come with annual fees, which can be expensive. To avoid paying annual fees, look for credit cards that offer no annual fees. Additionally, some credit cards waive the annual fee for the first year, which can give you time to see if the card is worth keeping.
How to Save Money with a Business Credit Card
Business credit cards offer a variety of rewards and cashback programs that can help you save money. Look for credit cards that offer rewards for expenses that your business already incurs, such as gas and office supplies. It's also important to pay off your balance in full each month to avoid interest charges.
Conclusion
Discover offers a variety of business credit cards that cater to different types of businesses. When applying for a business credit card, it's important to have a good credit score and a solid business plan. Look for credit cards with no annual fees and rewards programs that fit your business's needs. Finally, pay off your balance in full each month to avoid interest charges.
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