Are you a business owner browsing for a great card to earn rewards and looking to save on interest on purchases? With the SimplyCash® Plus Business Credit Card from American Express, you can save on interest with a 0% intro APR on purchases for 15 months; after that, a variable APR will apply.
In addition to this great intro-APR offer, you can earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores and 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and 1% cash back on other purchases! Yes, that’s right – you are able take control by choosing the 3% category that best fits your business! On top of that, this card comes with NO ANNUAL FEE!
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SimplyCash Plus Business Card from Amex Summary
With the SimplyCash® Plus Business Credit Card from American Express:
• Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that your APR will be a variable rate, currently 14.49% - 21.49%
• No annual fee
• Reinvest in your business with automatic cash back in the form of a monthly statement credit. Plus take control by choosing the 3% category that best fits your business
• Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
• Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and 1% cash back on other purchases
• With Expanded Buying Power you can spend beyond your credit limit* to make bigger purchases for your business plus earn cash back on those purchases too
• *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors
• Terms apply
• See Rates & Fees
Earning Cash Back
With this card, you will be eligible to earn 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. This is applied to the first $50,000 in purchases per calendar year, then 1% thereafter. Cash back that is earned will automatically be credited to your statement.
You can make purchases while earning cash back without interest for the first 9 months of account opening. And if you’re wanting to earn cash back without having to pay an annual fee too, you might want to consider this card.
In addition to the 5% cash back, the SimplyCash Plus Business Credit Card offers a 3% cash back for the category of your choice. There are a total of 8 categories available and are listed as follow:
- Airfare purchased directly from airlines
- Hotel rooms purchased directly from hotels
- Car rentals purchased from select car rental companies
- Gas stations
- Purchases for advertising in select media
- Purchases for shipping
- U.S. computer hardware, software, and cloud computing purchases made directly from select providers
Like the 5% cash back, the 3% also only apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back earned is automatically credited to your statement.
Redeeming Cash Back
The SimplyCash Plus Business makes it easy to redeem your rewards. Accumulated cash back is automatically applied to your account as a statement credit at the end of each billing period.
SimplyCash Plus Business Cardholder Benefits
The SimplyCash Plus Business comes with many valuable benefits that aren’t available to non-business cardholders.
- ReceiptMatch: Add receipt images and text tags to specific transactions in your American Express online account and phone app
- Account Manager: You can assign an authorized Account Manager (such as a trusted employee) to handle things like dispute resolution, additional card ordering, and payments
- Expanded Buying Power: With this feature, you can spend beyond your credit limit to make bigger purchases for your business while earning cash back on those purchases. However, your additional spending power isn’t unlimited. Instead, it adjusts with your card use patterns, payment history, credit record, and other factors.
You can also enjoy some shopping and travel benefits along with your card.
- Purchase protection against theft and damage for 90 days after each covered item’s purchase
- Extended warranty for another 12 months on items whose original warranties last five years or less
- 24/7 roadside assistance anywhere, anytime
- 24/7 global assistance for travelers more than 100 miles from home
- Baggage insurance (up to $1,250 per bag) for checked luggage
To recap, the SimplyCash® Plus Business Credit Card from American Express gives you a choice over your rewards and offers cash back rewards for different selected categories with no annual fee. Another feature that might be appealing is that it allows you to make purchases above your credit limit. However, an offset is that you are required to pay the amount above your credit limit in full each month as part of your minimum payment due. In conclusion, this is a great card for small business owners. Provide feedback in the comment section below by telling us your thoughts and experience with this card. Be sure to visit BankDealGuy for more of the Best American Express Credit Cards or see our list of the latest credit card bonuses.
Learn more about this card and its features here.