New Discover it Business Card, 3% Cashback First Year and No Annual Fee

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Discover it Business Card

New Discover it Business Card, 3% Cashback First Year and No Annual Fee

Discover has launched a new credit card. This one is a business card, similar to the Discover it Miles card. Let’s check the details of the Discover it Business Card and whether it’s worth applying.

Discover it Business Card

The main draw of this new card it’s the earning rate, and specifically during the first year.

  • Earn 1.5% cash back on every dollar spent on all purchases. Your rewards never expire.
  • We’ll automatically match ALL the cash back you’ve earned at the end of your first year.

That means that you will earn a total of 3% cash back on all purchases for one year.

Application Page

Other Benefits

  • No annual fee
  • Free Employee Cards
  • 0% Intro APR† for 12 months on purchases.


The card has a good earning rate during the first year, with 3% on all purchases. But there’s not much beyond that. Nowadays we have Amex business cards that earn 2X Membership Rewards, which might be even better for some people. Then there’s no signup bonus either.

On top of that, Discover business cards report to personal credit reports which is yet another negative for this credit card.


A decent new card for the first year, but I doubt many people will rush to get it. There’s mot much going on besides that 3% cash back for 12 months.

Anyone planning to apply?

HT: Doctor of Credit

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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  1. Thank you.

    I know for personal cards, Discover limits to 2 cards per person. Do you know if this will count towards that, or if I can get one for for every business I own (I have 3 separate businesses)?

    I charge close to 7 figure a year on my businesses so this is a nice little windlfall!


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