Market Overview

Discover Introduces No Annual Fee Business Credit Card with Unlimited 1.5 Percent Cashback Rewards on All Purchases

Share:

New Discover it® Business Card Offers
Dollar-for-Dollar Match of All Cashback Earned at the End of the First
Year

Discover today announced the launch of the Discover it®
Business credit card, the latest addition to the Discover it family of
credit cards. The new card offers unlimited 1.5 percent cash back on all
purchases, as well as free business and security features, all with no
annual fee1.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180912005089/en/

The new Discover it Business card offers unlimited 1.5 percent cash back on all purchases, along wit ...

The new Discover it Business card offers unlimited 1.5 percent cash back on all purchases, along with free business and security features, all with no annual fee. (Photo: Business Wire)

"The Discover it Business card is a smart, simple and rewarding credit
card that puts all the features and benefits that Discover cardmembers
love and rely on in the hands of business owners," said Andrew Hopkins,
senior vice president of marketing at Discover. "We're looking forward
to providing Discover's unparalleled customer experience—from rewards,
to security and customer service—to business owners so they can focus on
the things that matter most, like serving their customers and growing
their businesses."

Business owners have a lot on their plates, and according to market
research by Discover, one in four small business owners cite keeping
track of expenses as a top worry or concern2. The
Discover it Business card makes it easy to download transactions
directly into QuickBooks, Quicken and Excel. Plus, employers can get
free employee cards with spending limits for each employee and the
ability to earn rewards on all of their purchases.

The new card also makes it easy for business owners to be rewarded for
their hard work. In addition to earning 1.5 percent cash back on all
purchases, the Discover it Business card is the only business
credit card with Cashback MatchTM—an unlimited
dollar-for-dollar match of all cash back earned at the end of a
cardmember's first year3.

The Discover it Business card includes all the features and benefits
that Discover it cards are known for, including:

  • Free Social Security number alerts – Cardmembers who activate will be
    alerted if Discover finds their Social Security number on any of
    thousands of risky websites4
  • FICO® Credit Scores for free through Credit Scorecard5
  • No foreign transaction fees, and no late fee on the first late payment
  • $0 fraud liability guarantee – Cardmembers are never held responsible
    for unauthorized purchases on their Discover card
  • Freeze it® – Cardmembers can freeze their account in
    seconds using the Discover mobile app or website to prevent new
    purchases, cash advances and balance transfers
  • 100% live, U.S.-based customer service available day or night

For more information about the Discover it Business card and to apply,
go to www.discover.com/credit-cards/business.

About Discover

Discover Financial Services (NYSE:DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts and certificates of deposit through its direct banking
business. It operates the Discover Global Network comprised of Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation's leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance in 190
countries and territories. For more information, visit www.discover.com/company.

1 0% intro APR for purchases for 12 months; then variable
14.74%-22.74%. Cash Advance variable APR 26.74%. Pricing as of August
2018 and is subject to change. Call 1-800-DISCOVER or visit Discover.com
for details about credit costs and terms.

2 About the survey: Figures are from an online survey
conducted by C+R Research on behalf of Discover. The survey was
conducted between March 24 and April 24, 2017, with a total sample size
of 901 U.S. small business owners (ages 18+).

3 Cashback Match: After the first 12 consecutive billing
periods that your new account is open, we will match all of the cash
back rewards you've earned and apply them to your account in the
following one or two billing periods. This promotional offer may not be
offered in the future. See Discover.com to learn more.

4 Discover® Identity Alerts currently include the following
services: (a) daily monitoring of your Experian® credit report and an
alert when a new account is listed on your report; (b) daily monitoring
of thousands of risky websites known for revealing personal information
and an alert if your Social Security Number on is found on such a
website. The Primary cardmember must agree online to receive identity
alerts. To see a list of Frequently Asked Questions, visit
discover.com/freealerts.

5 FICO® Score for Discover cardmembers: FICO®
Credit Scores are disclosed on monthly statements and are based on data
from TransUnion® and may be different from other credit
scores. Limitations apply to the FICO® Credit Score benefit.
See Discover.com/FICO to learn more. FICO is a registered trademark of
the Fair Isaac Corporation in the United States and other countries.

View Comments and Join the Discussion!