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The Discover® Business Card, issued by Discover, is designed for those with very good credit who are looking for a cash reward credit card.
Through the reward program, cardholders earn a full 5% on the first $2,000 in office supply purchases, a full 2% on the first $2,000 in gas purchases, up to 1% for other purchases, and .25% for purchases made at select warehouse clubs and discount stores.
Those who spend up to $5,000 on other purchases will receive a .25% rebate, and those who spend over $5,000 will receive a 1% rebate.* Office supply purchases in excess of $2,000 and gas purchases in excess of $2,000 earn the rebate at the same rate as other purchases.
As an added bonus, cardholders can earn up to a double Cashback Bonus® for redeeming their rebates for gift certificates from participating Discover Card Partners. There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period.
The card has no annual fee and an attractive 0% introductory rate on purchases and balance transfers for twelve months. The APR for this card is reasonable for those who qualify.
Aside from the reward program, the card also provides several platinum benefits including various fraud and security protection services as well as access to PurchaseChecks. Cardholders will also receive discounts on products and services at participating merchants and retailers.
Therefore, those who plan to spend over $5,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn double cash rebates), and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® Business Card has to offer.
Review Date: May 1st, 2007 |
