Consumer Payment Card News

Discover Biz Card

Discover, the third largest U.S. credit card network based on cardholders, has launched its first general purpose business card for small business owners. Among the card’s unique features are “PurchaseChecks” which enable cardholders to receive reward benefits, the same APR and payment grace period as card purchases and no special fees. The new “Discover Business Card” offers credit limits up $50,000 and free employee cards with real-time, customizable limits and monthly spend reporting. The new business card also provides a 5% “Cashback Bonus” on office supplies, 2% “Cashback Bonus” on gas and up to 1% “Cashback Bonus” on all other purchases. Additionally, other special bonuses can be earned through a network of more than 60 brand-name redemption partners. In March 2005, Discover announced its first business card partnership with GE Consumer Finance and SAM’S CLUB. The Discover Network has over 4 million merchant and cash access locations in the USA. For more information visit: “www.discoverbiz.com”:http://www.discoverbiz.com.

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