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Discover
Business Credit Cards
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Discover
Card offers 2 credit cards aimed at small business owners:
Discover
Business Card -
Offers a 0% interest rate on purchases until December of 2009,
with a rate of 13.99% after that point. Offers Discover's well-known
Cashback Bonus program, with this formula: 5% cash back on office
supplies, 2% cash back on gas purchases, and up to 1% cash back
on everything else.
One of the
neat things that Discover offers business customers is PurchaseChecks.
If you want to make a purchase with a vendor that normally would
not accept credit cards, you can use a PurchaseCheck instead
--- to your vendor, it's a check; to Discover, it's the same
as a credit card purchase. (Note, however, that PurchaseCheck
purchases have no grace period; you begin accruing interest
immediately, at the card's regular interest rate.)
Discover
Business Miles Card -
This card also offers a 0% interest rate on purchases until
December 2009, with a 13.99% rate afterwards, and it also offers
you the ability to use PurchaseChecks with vendors that don't
accept credit cards.
The difference
here is the rewards formula, which centers around airline miles.
You'll earn 2 miles for each dollar you spend on your first
$5,000 in combined gas and travel purchases each year, and you'll
earn up to 1 Mile for each dollar you spend on all other purchases
(including any annual gas and travel purchases that exceed $5,000).
You can then use the miles to book travel across all airlines,
on any dates.
You can
also earn up to 12,000 bonus miles in the first year you have
the card --- every month that you use the card at least once
will net you 1000 extra miles during the first year.
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Credit Cards
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