American Express launched a business credit card in May 2017 that offers a flat 2% rewards rate on all purchases, regardless of category, which is unusual for a business rewards credit card with a $0 annual fee.
The Blue Business℠ Plus Credit Card from American Express offers 2 Membership Rewards points per dollar spent, capped at $50,000 in spending per calendar year. After that, all purchases earn 1 point per dollar. NerdWallet values Membership Reward points at 1 cent each, making this a 2% card for the first $50,000 each year.
New cardholders get an introductory APR of 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 13.49% - 21.49% Variable APR.
The card replaces the Blue for Business Credit Card, which NerdWallet viewed as mediocre.
AmEx says the card is aimed at entrepreneurs with small businesses. The card is the only $0-annual-fee small business credit card from a major issuer that offers double points with no category restrictions, according to Audrey Hendley, senior vice president of global products at American Express.
To give business operators flexibility, the card allows them to spend above their credit limit “based on a number of factors unique to each card member,” AmEx said in a statement. However, any amount spent in excess of the credit limit must be paid in full on the next statement; that amount is included in the minimum payment.