Discover it® Cash Back vs IHG One Rewards Premier Business
Side-by-side comparison
| Discover it® Cash Back | IHG One Rewards Premier Business | |
|---|---|---|
| Annual fee | No annual fee | $99 |
| Welcome offer | Cashback Match, all cash back earned in year 1 doubled | 140,000 points |
| Advertising | 1% | 5% |
| Shipping | 1% | 3% |
| Office supplies | 1% | 3% |
| Phone & internet | 1% | 3% |
| Travel | 1% | 5% |
| Everything else | 1% | 3% |
| Est. yearly rewards* | $450 | $1,722 |
| Points type | Cash back only | Locked to IHG One Rewards |
| Network | Discover | Mastercard |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified June 2026. See your own numbers in the calculator.
The verdict
On a typical year of business spending, the Discover it® Cash Back earns about $450 a year in rewards and the IHG One Rewards Premier Business about $1,722, valuing every point at a flat 1 cent. The Discover it® Cash Back has no annual fee, so its rewards are all profit. The IHG One Rewards Premier Business charges $99, which you clear through its rewards and perks. Counting rewards, fees, and any credits, the IHG One Rewards Premier Business delivers more total value, about $1,173 a year more for a typical spender, mostly because it earns more where you spend most, on advertising and everything else. Neither leans on transferable points, so the deciding factors are the welcome offer, the card network, and which everyday perks you will actually use. On the sign-up bonus, the IHG One Rewards Premier Business currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the IHG One Rewards Premier Business if your spending leans toward advertising, shipping, office supplies.