topic Re: Discover Launches Business Card in Business Credit

Discover Launches Business Card

CreditCuriosity — Wed, 12 Sep 2018 14:37:59 GMT

Discover launches business card.. 1.5 matched at 1.5 and appears to report to personal credit so what is the point really unless they actually give people useable credit lines? 75 sign-up bonus i believe whoopie and wi-fi credit

Anyways for those interested.

https://www.doctorofcredit.com/discover-launches-discover-it-business-1-5-cashback-doubled-first-year/

Direct link to application

https://www.discover.com/credit-cards/business/

Re: Discover Launches Business Card

Anonymous — Wed, 12 Sep 2018 14:42:38 GMT

Yup, useless card

Re: Discover Launches Business Card

CreditCuriosity — Wed, 12 Sep 2018 14:47:19 GMT

@Anonymous wrote:
Yup, useless card

Only thing I would be interested in is if they did give useable CL's vs the famous 2k SL for people with 800 scores since business card and reports to personal credit.. Otherwise the MILES personal card is a better card as longer 0% apr period. Suppose there is a sucker born each day, but for most of us it is a gimmick as just miles with business at end of it. Sure some might have a use for it, but can't imagine what for since it reports to personal.

For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

Anonymous — Wed, 12 Sep 2018 16:11:20 GMT

Real solid Cash Back business CC option just released by Discover.

https://www.discover.com/credit-cards/business/

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

Anonymous — Wed, 12 Sep 2018 16:18:07 GMT

@Anonymous wrote:
Real solid Cash Back business CC option just released by Discover.

https://www.discover.com/credit-cards/business/

A LOT of better business cards than this offering

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

Anonymous — Wed, 12 Sep 2018 16:20:50 GMT

Not sure why some consider the card useless? Quite useful for real businesses!

My business spends ~ 150 K/month on google advertising. Pretty freaking useful for us! It beats the heck out of the Spark for the first year.

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

Anonymous — Wed, 12 Sep 2018 16:24:40 GMT

@Anonymous wrote:
@Anonymous wrote:
Real solid Cash Back business CC option just released by Discover.

https://www.discover.com/credit-cards/business/
A LOT of better business cards than this offering

Which do you suggest thats "a lot" better? The Amex Gold is limited to 100 K on marketing spend. Not sure what else? We use the Spark currently for all our marketing spend (approx 150K/month). This seems like a good offering for the online marketer or big business spend. Granted, it will go sock drawered after first year, but hell this gives me an extra 18 grand compared to the Spark.

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

CreditCuriosity — Wed, 12 Sep 2018 16:34:51 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Real solid Cash Back business CC option just released by Discover.

https://www.discover.com/credit-cards/business/
A LOT of better business cards than this offering
Which do you suggest thats "a lot" better? The Amex Gold is limited to 100 K on marketing spend. Not sure what else? We use the Spark currently for all our marketing spend (approx 150K/month). This seems like a good offering for the online marketer or big business spend. Granted, it will go sock drawered after first year, but hell this gives me an extra 18 grand compared to the Spark.

BBP for one, other Chase INK products for another example and many others that DON't report to personal credit and tank your score with a useless say 3-5k CL on a business card as the reason business cards are hidden partially is not to mess up a persons utilization and separate from personal credit.. Now if you compare it to a Cap1 business card that also reports to personal credit it isn't to bad as no AF, but I don't consider Cap1 a good business card either.

Also as stated this will appeal to some, but the vast majority with good scores and people that care about 5/24 and other things this is a dud.

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

Anonymous — Wed, 12 Sep 2018 16:38:43 GMT

@CreditCuriosity wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Real solid Cash Back business CC option just released by Discover.

https://www.discover.com/credit-cards/business/
A LOT of better business cards than this offering
Which do you suggest thats "a lot" better? The Amex Gold is limited to 100 K on marketing spend. Not sure what else? We use the Spark currently for all our marketing spend (approx 150K/month). This seems like a good offering for the online marketer or big business spend. Granted, it will go sock drawered after first year, but hell this gives me an extra 18 grand compared to the Spark.
BBP for one, other Chase INK products for another example and many others that DON't report to personal credit and tank your score with a useless say 3-5k CL on a business card as the reason business cards are hidden partially is not to mess up a persons utilization and separate from personal credit.. Now if you compare it to a Cap1 business card that also reports to personal credit it isn't to bad as no AF, but I don't consider Cap1 a good business card either.

Also as stated this will appeal to some, but the vast majority with good scores and people that care about 5/24 and other things this is a dud.

Not concerned with utilization or "tanking" of credit score (getting a new CC does not tank a score btw), i never keep a high balance and its always statement balance paid in full. Yes, amex BBP I guess is a good option with the 1.25 conversion to Charles schwab, still thats 2.5% cash back. We prefer cash, dont need miles. Seems Discover is 3%, which is a big difference when you're spending a lot of $. For us who want pure cash, I don't see a better option.

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

CreditCuriosity — Wed, 12 Sep 2018 16:53:57 GMT

@Anonymous wrote:
@CreditCuriosity wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Real solid Cash Back business CC option just released by Discover.

https://www.discover.com/credit-cards/business/
A LOT of better business cards than this offering
Which do you suggest thats "a lot" better? The Amex Gold is limited to 100 K on marketing spend. Not sure what else? We use the Spark currently for all our marketing spend (approx 150K/month). This seems like a good offering for the online marketer or big business spend. Granted, it will go sock drawered after first year, but hell this gives me an extra 18 grand compared to the Spark.
BBP for one, other Chase INK products for another example and many others that DON't report to personal credit and tank your score with a useless say 3-5k CL on a business card as the reason business cards are hidden partially is not to mess up a persons utilization and separate from personal credit.. Now if you compare it to a Cap1 business card that also reports to personal credit it isn't to bad as no AF, but I don't consider Cap1 a good business card either.

Also as stated this will appeal to some, but the vast majority with good scores and people that care about 5/24 and other things this is a dud.
Not concerned with utilization or "tanking" of credit score (getting a new CC does not tank a score btw), i never keep a high balance and its always statement balance paid in full. Yes, amex BBP I guess is a good option with the 1.25 conversion to Charles schwab, still thats 2.5% cash back. We prefer cash, dont need miles. Seems Discover is 3%, which is a big difference when you're spending a lot of $. For us who want pure cash, I don't see a better option.

If you get a 4--5k SL is that a usable business card to you? Just say you got that, would you be able to make that work with a legit business? Turst me i understand 'tanking" of credit score or I wouldn't have my current role on the forum by the means of getting a new CC, I meant if you let it report with a bad limit and high utilization. If it is for you by all means go for it as it does have a market or they wouldn't of released it, just don't think it will be for the majority of churners or people with alot of available credit already as better options as mentioned and I only named a few. We can certainly agree to disagree as I posted this for anyone interested being people like yourself. I just perfer not to take an AAoA hit on a business card reporting to personal; simply preference which we all have.

edit: who knows maybe they will be more giving and liberal on the CL's with the business cards out the gate compared to their personal side of cards

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

Anonymous — Wed, 12 Sep 2018 17:04:53 GMT

Yeah, if Discover is not giving true Business credt lines, its unuseable for me -- I'd be surprised if they are doing such low lines of credit. I'm used to getting very large credit lines for our biz cc's (Amex, C1, Citi), so would be surprised if we got a low line from them. My only other Discover card has a 30 K line, would hope to get at least that considering this is for business use. My only point is I think this card does have a market -- particularly for online affiliate marketers. AAOA, inquiries, all that stuff is immaterial to me (800+ scores).

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

Anonymous — Wed, 12 Sep 2018 18:12:20 GMT

It would only be useful the first year. 3 percent back first year plus 0 percent interest for the first year. After the year is up shread the card and move on.

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

FinStar — Wed, 12 Sep 2018 18:14:18 GMT

Thanks for sharing this CC. The timing is interesting with relaunching a new business CC since they'd been out of the business CC picture for a while.

I can see this product being an appeal for some, but on a limited basis.

I wonder if having 2 personal CCs with Discover would allow having a 3rd one? Or, limit to 2 CC products regardless of whether business or personal 🤔 But, if it reports to personal CRs, meh.

I suppose the jury's still out until the first GPs start reporting what kind of SLs, APRs and the like are being approved for.

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

CreditCuriosity — Wed, 12 Sep 2018 18:31:36 GMT

@FinStar wrote:
Thanks for sharing this CC. The timing is interesting with relaunching a new business CC since they'd been out of the business CC picture for a while.

I can see this product being an appeal for some, but on a limited basis.

I wonder if having 2 personal CCs with Discover would allow having a 3rd one? Or, limit to 2 CC products regardless of whether business or personal 🤔 But, if it reports to personal CRs, meh.

I suppose the jury's still out until the first GPs start reporting what kind of SLs, APRs and the like are being approved for.

Also wonder about the 2 personal CC's if you have which I do already whether a person can get a 3rd... going to need a GP.. Or maybe a simple chat might help or call to them. I just don't see this in my card line-up due to reporting to personal credit unless they are handing out 20k CL's right out of the gate like candy . I somehow suspect 2 cards max will be inplace along with 12 month wait between cards although i certainly could be wrong.. Sure we will have some DP's either today on this site or other ones such as DOC, reddit, etc..

Re: For Business Owners -- Discover IT 1.5/3.0% (doubled first year)

redpat — Wed, 12 Sep 2018 22:14:16 GMT

This card is completely worthless, no SUB, 3% first year can be beat by others and it reports on personal credit.

As I see it, three strikes and your out Disco. It looks like they have a lot to learn about business credit card market.

Re: Discover Launches Business Card

BPebbles — Thu, 13 Sep 2018 00:55:12 GMT

If it didn't report to Personal credit and gave 0% BTs offers like the Personal "it", then it might be a useful card...

New Discover it Business Card

mkhan1093 — Thu, 13 Sep 2018 18:14:16 GMT

Hey all,

Didn't really see a topic for this when searching but just thought people should know: Discover launched a new business version of the It card.

https://www.discover.com/credit-cards/business/?ICMPGN=PUB_HDR_CARDS_BUSINESS

Doesn't follow the same rotating categories structure as the personal It card, but it's just a flat 1.5% back card. However, Cashback match makes it an unlimited 3% card which I think is pretty solid. Definitely what gives it a leg up over, say, the Chase Ink Unlimited business card at least for the first year.

Re: New Discover it Business Card

Anonymous — Thu, 13 Sep 2018 18:15:13 GMT

couple threads on this in the business credit section.

Re: New Discover it Business Card

Anonymous — Thu, 13 Sep 2018 20:55:27 GMT

@mkhan1093 wrote:
Hey all,

Didn't really see a topic for this when searching but just thought people should know: Discover launched a new business version of the It card.
https://www.discover.com/credit-cards/business/?ICMPGN=PUB_HDR_CARDS_BUSINESS

Doesn't follow the same rotating categories structure as the personal It card, but it's just a flat 1.5% back card. However, Cashback match makes it an unlimited 3% card which I think is pretty solid. Definitely what gives it a leg up over, say, the Chase Ink Unlimited business card at least for the first year.

Yet another 1.5% card.... Yawn. When will banks learn that 1.5 is medicore in this day and age.

Re: New Discover it Business Card

Strogen — Thu, 13 Sep 2018 21:19:26 GMT

I swear Im so freaking mad. I called Discover to verify that the card had to "Price protection" benefit (at least until 10/31) and the agent said yes. My second question was "I have 2 personal cards, I know there is some sort of 2 card limit, will I be able to get this business card?"

The agent said YES and that it would be no problem if I have two personal cards as a business cards is in a separate category.

So I go apply and.... DENIED FOR: "THE NUMBER OF ACCOUNTS WITH DISCOVER FINANCIAL SERVICES"

So I called back and honestly they were concerned, they had a supervisor on the line and she took it seriously. They could not find the call on my account history because I spammed * when I called in because I was irate with Discover chat being worthless. I gave her the exact time I called in and she will look for the call. Regardless of her being able to find the recording she will submit an investigation to their internal team and they will hopefully delete the hard inquiry.

Not a good day to be the agent that gave me false info that I acted upon. I am most concerned about the hard INQ being deleted. At least I know I have an Experian 780 FICO.....