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April 19th, 2007

Discover Launches Business Miles Card

By Justin McHenry

Discover Financial Services yesterday announced the launch of their second credit card targeting the small business market, the Discover Business Miles Card. This new business credit card offers two miles per dollar on purchases of gas and travel (up to the first $5,000 in such purchases), and 1 point per dollar on most other purchases. It does restrict reward points to just .25 points per dollar when cardholders use Discover’s PurchaseChecks and on purchases at certain warehouse clubs. Earned miles can be used toward any travel purchase, using any means of purchasing, thus avoiding blackout dates or the need to use designated travel agents to book flights far in advance.

Discover is making the process easier by simply applying points toward purchases cardholders make with the Business Miles Card instead of having them save up points and then trying to find a free seat. In other words, as a cardholder you would use the Discover Business Miles Card to purchase travel, and then, assuming you have at least 5,000 miles accrued, the purchase could be partially or fully paid with your accrued miles, depending on whether you have enough miles to cover the full amount.

Discover launched its first business credit card last year, the Discover Business Card. That card focused on giving cash back on purchases, with an emphasis on purchases small businesses were more likely to make, such as office supplies and gas. One of the innovations of that card, which is also offered with the Business Miles Card, is the ability to use PurchaseChecks with vendors that do not accept credit cards. From the vendor’s perspective, they are being paid by check; from the business owner’s perspective, they are buying on credit.

Most popular / best credit cards according to IndexCreditCards.com visitors:

  1. Discover® More Card
    1.
    Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
  2. Chase Freedom Card
    2.
    Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
  3. Citi Platinum Select MasterCard
    3.
    Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
  4. Blue Cash from American Express
    4.
    Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
  5. Slate from Chase
    5.
    Slate SM from Chase - 0% Intro APR, Now with Blueprint, patented fraud protection

  6. American Express® Gold Card
    6.
    American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
  7. TrueEarnings® Business Card from Costco & American Express
    7.
    TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months

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* variable rate = credit card interest rate changes in line with federal interest rates or other rate index; fixed rate = credit card rate stays the same regardless of changes in federal rates, but still may be changed by credit card issuer in the future.

** See the online Discover credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on Discover's website.

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