The Discover Business Miles credit card combines the benefits of a rewards credit card with a travel credit card. Cardholders earn mileage points for every purchase that can be used towards travel and other rewards. If you travel a lot for business then you might benefit from this credit card.
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Discover Business Miles Rewards Your Business
For businesses whose employees travel frequently, Discover offers a business credit card designed to help. Rather than the Cash Back system Discover card is known for, the Discover Business Miles card allows the cardholder to earn miles, one for every dollar spent each year.
For the first $5,000 in gas and travel expenses each year, you’ll earn double miles. Travel expenses include airfare, hotel stays, car rentals, cruises, and even tour or vacation packages sold by travel agents. You’ll also receive double miles on purchases made through the Discover online shopping mall.
The Discover Business Miles card was created to simplify the redemption process. There are no restrictions on the number of miles you can earn or how you spend them. You can redeem 5,000 points to get a $50 travel credit on any airline or hotel, with no blackout dates. The program is so successful that Inc.com has named the Discover Business Miles card its top pick for business travelers.
The Miles program has some flexibility as well. If you decide you want something else besides travel, you can redeem the miles for gift cards from over 90 participating partners, cash, or statement credit, or donate it to charity.
Discover Business Miles Account Structure
Many rewards and travel credit cards have high annual fees, but the Discover Business Miles card has no annual credit card fee. You can even get an introductory 0% APR for the first three months. The APR then reverts to the standard variable rate. This rate is between 12.99% and 19.99%, depending on your credit score.
Cash advances have a 23.99% APR. Balance transfers are subject to a 5% transfer fee. However, you’ll enjoy a 20-day credit card grace period on payments if you pay your balance off each month.
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