Discover Business Card for Small Business 0% 18 months??

I'm in: but got this message after applying:

Thank you for applying
Your application is being processed. We have received your application but need to perform additional processing before we can provide you with a decision. Within 30 days we will send you more information to the address provided on your Application.

If you have questions regarding the status of your application, please call 1-888-DISCOVER (1-888-347-2687).

great find, OP.

add this to the QS:

linkage, no need for creditcards.com

Nice find.......... BT fee is capped at $75.

Venturion said: If you are applying as a sole proprietorship, my understanding from discussions with Discover CSR is that your maximum exposure (as a proxy for credit line) will be underwritten together with your personal card.

This seems to be true for corporations, too.

Who do they pull and what kind of credit limits are people getting?

How long did it take to get this card? I applied online over a week ago and have not even seen a pull yet. All of the others I applied to appeared in a day or two.

TheGersh said: Only problem is that they BT to a card only, so I've got to wait a little bit.

They BT'ed to my Visa Debit/ATM Card and the money went right into my bank account..

Has anyone else had a problem with the terms for this offer?

Specifically, has anyone received the card with a T&C page that says 0% BT for 12 months instead of 18 months?

Got the card, but it took them about 2 weeks to approve it. The card's still in the mail though, so unable to verify if BT is for 18 or 12 month.

The same site also mentions a Discover Business Miles card with an offer of 1000 miles for first 12 months you use the card, plus 0% offer on purchases and balance transfers ($75 cap).

The bonus miles offer is not mentioned on the Discover card web site.

I talked to a woman in the business cards part of Discover and she confirmed that you did get the bonus miles if you applied through the link on the creditcard.com site, but not through their site.

I noticed the business cash Discover card offered 5% on office supplies (nice if your office uses a lot of these, and many do) and asked if you could have two business cards mentioning using one for the office supplies and possibly gasoline (2%) and one for eveything else. She said a single business could have only one card, but did mention that if I had two business each might get their own card.

I assume that Discover believes that most who go to their own site have already decided they want a Discover card and hence do not make their best offer. However, they must believe that those coming to them from the creditcard comparison site are considering a number of different types of cards, and want to make an offer that makes their card stand out (many firms offer cards that give one mile for one dollar of spending) and there is little obvious reason to pick Discover over say Capital One or another bank's product. The bonus miles can be such a reason. While you can use their miles for other than trips (useful if you do not get enough for a trip) they are probably hoping that once you get their cards you will use it enough to get a trip.

I asked about the possiblity of getting both a business and a personal miles card and then having the miles credited to one account. Surprizingly that could not be done.

She did indicate that if you changed you mind as to the preferred rewards patten, you could convert a miles card to the Cash Back card and that the miles could convert to cash at a rate of $5 per thousand (with the odd miles left over being lost). Thus a possible usage is to get the miles card, use it for a year to get enough miles for a reward and then convert the card to a Cash Back one so you can ern 5% back on your office supplies.

The 0% on purchases means you can use this for spending (getting miles) while also benefitting from a balance transfer. the Discover card also has the benefit of their checks which can be used for expenses that are not payable by credit card (utilities for instance, although rent and payroll are excluded).

Alas, my application produced a statement they were having technical difficulties and to apply later.

just checked the link...BT offer is now 12 months instead of 18.

EugeneV said: R.I.P.
The offer (12-month 0APR-BT/Purchase + 1K "miles" per month) is still valid and is available directly.

We can still have fun after the first year:
If you use a PurchaseCheck to purchase or lease goods or services from a merchant, and you provide the merchant address in the space indicated on the check, the transaction will qualify as a purchase under the Cardmember Agreement.

If you use a PurchaseCheck to purchase or lease goods or services from a merchant, and you provide the merchant address in the space indicated on the check, the transaction will qualify as a purchase under the Cardmember Agreement.

Not any more. In the new Cardmember Agreement I got last Friday, there is an insert which says purchase checks will not have a grace period. Also, a CSR told me that they don’t have the promotional 0% APR either. Pretty much useless now.

DeGlass said: Got that insert, too. Effective May 2008
My mailer did state 0APR til 2009, as stated on their current page.

With 0% Purchase APR, those PurchaseChecks still let you get around the $75-BT fee, right?

I'm not so sure. Note that it says:

0% until the last day of the billing period ending during February 2009;* then the standard APR, 13.99%
PurchaseCheck Purchases: 13.99%

It appears to me that PurchaseCheck Purchases are not subject to promotional rate.

Has anyone got real experience with PurchaseCheck Purchases and willing to share the information?

I had applied on 1/11/08.

I just called Discover at 877 737 1936 today and my app was finished and approved over the phone.

My business phone number is my cell phone.

I did a BT for $1500 from Citi to Discover at0% until Feb 09.

Purchases are 0% until Feb09 with 5% CashBack

My card was approved for a $8000.00 CL.

This is my 1st biz card (rental property)

Thanks OP!