Our Take
4.4
The bottom line:
SimplyCash® Plus Business Credit Card from American Express
More details 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
Pros & Cons
Pros
- No annual fee
- High rewards rates in certain categories
- Intro APR period on Purchases
Cons
- Complicated rewards program
- Bonus categories can be changed only once a year
- Requires good/ excellent credit
Compare to Other Cards
at Chase | at American Express | at Chase |
Annual fee $95 | Annual fee $0 | Annual fee $0 |
Regular APR 21.24%-26.24% Variable APR | Regular APR 17.99%-25.99% Variable APR | Regular APR 18.49%-24.49% Variable APR |
Intro APR N/A | Intro APR 0% intro APR on purchases for 12 months from the date of account opening | Intro APR 0% intro APR on Purchases for 12 months |
Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent |
Full Review
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SimplyCash® Plus Business Credit Card from American Express: Basics
- Card type: Cash back.
- Annual fee:$0.
- New-cardholder bonus offer: None.
- Interest rate: Introductory APR of0% on Purchases for 15 months, and then the ongoing APR of 14.49% - 21.49% Variable APR.
- Rewards:
- 5% cash back on up to $50,000 a year in combined spending on U.S. wireless phone service and U.S. office-supply store spending.
- 3% cash back on up to $50,000 a year in spending on a category you choose, from a list of eight options (see below).
- 1% cash back on all other spending.
- Terms apply.
- Foreign transaction fee: 2.7%
Why you might want the SimplyCash® Plus Business Credit Card from American Express
Customizable rewards
- Airfare purchases directly from airlines.
- Hotel purchases booked directly with hotels.
- Car rentals from specific rental companies.
- U.S. gas stations.
- U.S. restaurants.
- U.S. spending for advertising in certain media.
- U.S. purchases for shipping.
- U.S. computer hardware, software and cloud computing purchases made directly from certain providers.