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March 15, 2007
Discover Business Card Rate Hike
If you run your own business like I do then you know every point counts, whether it be in your profit margins or with your financing.
If you weren't aware of an interest rate increase with the Discover Business Card, you now are aware.
The interest rate on Discover Business has just been increased from from 12.99% to 13.24%.
While the increase is only 1.25%, if you are carrying a balance on your Discover Card you might want to think about paying it down a bit.
Now, I am not saying that Discover Business Card is a bad credit card for business. The fact is that interest rates are rising and this includes rates on savings accounts so the slight increase will likely be offset by increases in savings account rates. However, I am an advocate of paying off higher interest debt as fast as possible.
Even with the slight rate hike, I still endorse the Discover Business Credit Card.
The advantages are still great, see the facts below:
- 0% Intro APR* on Purchases for 12 months
- 5% Cashback Bonus® on office supplies*
- 2% Cashback Bonus® on gas*
- Up to 1% Cashback Bonus® on all other purchases*
- No Annual Fee
- Employee cards with customizable limits and monthly reporting on their spend
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