Discover it® Business Card

Quick Snapshot

• Annual Fee: $0
• APR: 17.24%-25.24% variable
• Rewards: Unlimited 1.5% cash back on all business purchases
• Bonus: Cashback Match: Discover matches all cash back earned in your first year
• Best For: Small business owners who want simple flat-rate cash back with first-year doubling
• Credit Needed: Good to Excellent (670+)

Overview

The Discover it Business Card brings Discover's consumer-friendly approach to the business card market. It earns unlimited 1.5% cash back on all business purchases with no caps, no categories to manage, and no annual fee. The headlining feature is the Cashback Match, which doubles all cash back earned in the first year, effectively making the card earn 3% on everything for 12 months.

The card includes a 0% intro APR for 12 months on purchases, which is useful for new businesses making startup investments or established businesses managing seasonal cash flow. Free employee cards earn cash back to the primary account, and business-specific tools include year-end spending summaries and automatic expense categorization.

While the 1.5% ongoing rate is lower than the 2% offered by some competitors like the Wells Fargo Active Cash Business, the first-year Cashback Match makes the Discover it Business extremely competitive in year one. The no annual fee, no foreign transaction fees, and Discover's consistently excellent customer service make it a strong long-term business card.

APR Breakdown

• Purchase APR: 17.24%-25.24% variable
• Balance Transfer APR: 17.24%-25.24% variable
• Cash Advance APR: 29.99% variable
• Penalty APR: 29.99% variable

Note: 0% intro APR for 12 months on purchases. Variable APR of 17.24%-25.24% after the intro period.

Benefits Overview

Business Rewards

• Unlimited 1.5% cash back on all business purchases
• No spending caps or bonus categories to manage
• Cashback Match doubles all rewards in year one (effectively 3%)
• Free employee cards earn cash back to the primary account

Introductory Offer

• 0% intro APR for 12 months on purchases
• No annual fee
• No foreign transaction fees

Business Tools

• Year-end spending summaries for tax preparation
• Automatic expense categorization
• Free employee cards with customizable limits
• Online and mobile account management
• Free FICO Score on statements

Rewards & Points

• 1.5% unlimited cash back on all business purchases

The Cashback Match doubles the effective rate to 3% on all purchases for the first year. Cash back is redeemable as a statement credit, direct deposit, or through the rewards portal. Employee card spending contributes to the primary account's cash back.

Welcome Bonus

Instead of a traditional sign-up bonus, Discover matches all cash back earned in the first 12 months through the Cashback Match. A business spending $50,000 in year one earns $750 in cash back plus a $750 match for $1,500 total, which is more than most fixed bonuses.

Fees Summary

• Annual Fee: $0
• Employee Card Fee: $0
• Balance Transfer Fee: 3% intro fee, then 5% (min $10)
• Cash Advance Fee: Either $10 or 5% of the amount, whichever is greater
• Foreign Transaction Fee: $0
• Late Payment Fee: Up to $41

Who This Card Is Best For

Ideal For

• Small business owners who want simple flat-rate rewards with first-year doubling
• New businesses that need a 0% intro APR for startup costs
• International businesses that need no foreign transaction fees
• Businesses valuing simplicity who do not want category management

Not Good For

• High-volume businesses that want 2% ongoing flat rate after year one
• Businesses seeking premium perks like travel insurance or lounge access
• Category-heavy spenders who could earn more with a tiered business card

Key Pros & Cons

Pros

• Cashback Match doubles all rewards to effectively 3% in year one
• Unlimited 1.5% cash back on all purchases with no caps
• No annual fee
• No foreign transaction fees (rare for business cards)
• 0% intro APR for 12 months on purchases
• Free employee cards earn to the primary account
• Year-end spending summaries for tax preparation
• Automatic expense categorization
• Free FICO Score on statements
• Excellent Discover customer service

Cons

• 1.5% ongoing rate is below the 2% offered by some competitors
• Discover network is less widely accepted than Visa or Mastercard for business use
• No traditional sign-up bonus (Cashback Match is the alternative)
• No premium business travel perks
• No airport lounge access
• 12-month intro APR is shorter than some competitors
• After year one, rewards rate drops from effectively 3% to 1.5%

Alternatives to Consider

How the Rewards Add Up

Example Annual Value

First-year value with Cashback Match: $1,500 ($750 earned + $750 matched). This exceeds most $500-$750 fixed sign-up bonuses. After year one, annual value is $750 on $50K in spending.

Should You Get This Card?

You Should Get It If...

• You want the highest first-year rewards through the Cashback Match
• You prefer simple flat-rate cash back with no category management
• Your business has international spending and needs no foreign transaction fees
• You want a 0% intro APR for business startup costs
• You need free employee cards for your team
• You value Discover's customer service and no-fee approach

You Should Skip It If...

• You want the highest ongoing rate (2% cards are available elsewhere)
• You need Visa or Mastercard acceptance for your business operations
• You want a large traditional sign-up bonus rather than Cashback Match
• You need premium business travel benefits
• Your business spending is concentrated in categories where 3-5% cards exist

Availability

This card is no longer open to new applications. Discover no longer offers a business credit card; discover.com/credit-cards/business now redirects to its general card list.

Information accurate as of May 2026. Terms and conditions apply. Please visit the issuer's website for the most current information.