dcsimg
Comparing credit card offers since 2005 - it's fast and easy! Search, Compare and Apply for the best credit card deals now


Discover Launches Business Credit Card

by Peter Andrew

Discover

Launches Business Credit Card

Discover Financial Services is launching its first Discover

Card for businesses today. The Discover Business Card is the

latest entrant into the small business credit card market, an

area with no clear market leader, and a market that all issuers

see as bursting

with potential. The Discover Business Card offers many of

the same features as Discover's personal credit cards, but adds

small-business-specific features such as PurchaseChecks, which

business owners can use for purchases that could not normally

be made with a credit card. The Discover Business Card is also

touting credit lines up to $50,000 and a business-specific take

on its Cashback Bonus program.

The

Discover Business Card's rewards for business owners include

a 5% Cashback Bonus on office supplies, 2% Cashback Bonus on

gas and up to 1% Cashback Bonus on all other purchases.

According

to David W. Nelms, Chairman and Chief Executive Officer of Discover

Financial Services, credit card penetration among small businesses

is estimated at 35 percent, with only 10 percent of small business

actually using cards for business spending.

Published 06/12/06 (Modified 05/07/12)


Share this article with:

0 Responses to "Discover Launches Business Credit Card"

No Comments

Leave a Comment