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The Discover it® Business Card is a good option for small business owners who want a simple approach to earning cash back rewards. That’s because the card offers unlimited 1.5% cash back on every dollar spent on all purchases — meaning, you won’t have to keep track of bonus earning categories or spending caps.
Additionally, the Discover it® Business Card offers the following sign-up bonus: Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. And no limit to how much we’ll match. So you could turn $350 cash back into $700 with Cashback Match™.
The card also lets you add up to 50 employee cards at no additional fee, and you’ll earn rewards for the purchases made on those cards.
We look at the pros and cons of the Discover it® Business Card and show how it compares to similar business credit cards that offer cash back on every purchase.
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Flat-rate cash back rewards
With the Discover it® Business Card, earn unlimited 1.5% cash back on every dollar spent on all purchases. Rewards, which never expire, can be redeemed for charitable donations, account credit or electronic deposit into any account you designate starting at 1 cent, and gift cards or instant eCertificates starting at $20. You can also apply your rewards towards purchases at Amazon.com.
Sign-up bonus
Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. And no limit to how much we’ll match. So you could turn $350 cash back into $700 with Cashback Match™.
For example, if you spend $35,000 during your first year of card membership, you’ll earn $525 in cash back. Once you factor in Discover’s Cash Back Match bonus, that amount jumps to $1,050 cash back for the first year.
No bonus earning categories
Because the Discover it® Business Card offers a flat cash back rate on every purchase, you don’t have the opportunity to earn a higher rewards rate in popular business categories, like travel, phone services, restaurants and more.
No intro APR on balance transfers
If you want to transfer a high interest balance from a different card, you may be better off with a business credit card that offers an intro APR on balance transfers for an extended period of time, like the Wells Fargo Business Platinum Credit Card.
Similar to the Discover it® Business Card, the Capital One Spark Cash Select - $500 Cash Bonus offers a flat cash back rate on every purchase — but with an easier-to-earn signup bonus.
The Capital One Spark Cash Select - $500 Cash Bonus offers a similar 1.5% cash back on every purchase; 5% cash back on hotels and rental cars booked through capital one travel. However, cardholders can earn $500 cash back once you spend $4,500 on purchases within the first 3 months from account opening.
By comparison, to earn $500 with the Discover it® Business Card’s Cash Back Match sign-up bonus, you’ll need to spend $16,666.67 in the first year of card membership.
The Capital One Spark Cash Select - $500 Cash Bonus also charges an annual fee of $0.
Unlike the Discover it® Business Card, the Capital One Spark Cash Select - $500 Cash Bonus does not offer a 0% intro APR on purchases. Therefore, you will be subject to interest charges if you carry a balance on your card from month to month.
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| Capital One Spark Cash Select - $500 Cash Bonus | Ink Business Unlimited® Credit Card | Capital One Spark Cash Plus | Wells Fargo Business Platinum Credit Card |
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Apply Now on Capital One's secure site
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Apply Now on Chase's secure site
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Apply Now on Capital One's secure site
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| Annual Fee | |||
| $0 | $0 | $150 | $0 |
| Welcome Offer | |||
| $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening | LIMITED TIME OFFER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. | Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening | Earn a one-time $300 cash back bonus or 30,000 bonus points when you select a Business Card Rewards Program and spend $3,000 in the first three months of account open date. |
| Rewards Rate | |||
| 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel | Earn unlimited 1.5% cash back on every purchase made for your business | 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel | Earn 1.5% cash back on qualifying purchases or earn 1 point on every $1 spend and receive 1,000 bonus points every billing cycle when you spend at least $1,000 on qualifying purchases. |
| Intro Purchase APR | |||
| N/A | 0% Intro APR on Purchases for 12 months | N/A | 0% APR for 9 months |
| Regular APR | |||
| 16.24% - 22.24% (Variable) | 16.24% - 22.24% Variable | N/A | Variable APR of Prime + 7.99% to Prime + 17.99% |
| Intro Balance Transfer APR | |||
| N/A | N/A | N/A | 0% APR for 9 months |
| Regular Balance Transfer APR | |||
| 16.24% - 22.24% (Variable) | 16.24% - 22.24% Variable | N/A | Variable APR of Prime + 7.99% to Prime + 17.99% |
| Balance Transfer Fee | |||
| $0 at this Transfer APR | Either $5 or 5% of the amount of each transfer, whichever is greater. | N/A | 4% or $10, whichever is greater |
| Recommended Credit | |||
| Excellent | Excellent/Good | Excellent | Excellent/Good |
| Card Details | |||
| Capital One Spark Cash Select - $500 Cash Bonus | Ink Business Unlimited® Credit Card | Capital One Spark Cash Plus | Wells Fargo Business Platinum Credit Card |
The information related to the Wells Fargo Business Platinum Credit Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
The Discover it® Business Card is a good option for small business owners who want to earn a solid cash back rate on every purchase.
But if you want to earn an easy signup bonus, the Capital One Spark Cash Select - $500 Cash Bonus may be a better fit.
The information related to the Discover it® Business Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
