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Small-business cards are typically designed to meet the needs of small businesses, while corporate credit cards are better suited to the needs of corporates with millions of dollars in...
Key takeaways. Both corporate and small business credit cards are available for business use, although their benefits and credit reporting practices vary. Corporate cards are available...
On September 12, DFS launched the Discover it Business credit card, offering unlimited 1.5% cash back on all purchases, as well as free business and security features. In 2019, Discover Financial Services' subsidiary Discover Bank eliminated most fees on all of its deposit products.
A business line of credit (LOC) can provide financing for larger business expenses but could be more difficult to qualify for than a business credit card. An LOC offers financing for a defined ...
Discover is the third largest credit card brand in the U.S., with 60.6 million cardholders or about 8% of cards in circulation, placing it well behind Visa (48%) and Mastercard (36%), but slightly ahead of American Express (7.5%).
Business credit cards are specialized credit cards issued in the name of a registered business, and typically they can only be used for business purposes. Their use has grown in recent decades. In 1998, for instance, 37% of small businesses reported using a business credit card; by 2009, this number had grown to 64%.
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