|Highlights||Credit Card Feature|
|Things We Like||0% intro APR on purchases for 15 months (See Rates & Fees)|
|Our Least Favorite||Earning limits on cash back categories|
|Our Verdict||Great card to earn cash back on business expenses|
SimplyCash® Plus Business Credit Card from American Express, a GET.com advertiser, is in our opinion, a smart choice of cash back credit card for businesses as it gives you the opportunity to earn up to 5% cash back, and has no annual fee (See Rates & Fees).
The most outstanding feature of this card is that it lets you choose what purchases you will earn the highest possible cash back on. It also carries a very attractive welcome offer, and useful business benefits. So is this the best cash back credit card to get for your business? That really depends on what you spend the most on.
Here we do a detailed review of SimplyCash® Plus Business Credit Card from American Express, and take a look at how this awesome business credit card compares to other awesome business cash back credit cards.
Things We Like About SimplyCash® Plus Business Credit Card from American Express
No annual fee (See Rates & Fees). Enjoy the perks of this card with no annual fee (See Rates & Fees). That means all the cash back you earn is actually rewards, rather than just payback for the annual fee you coughed up.
0% intro APR on purchases for 15 months (See Rates & Fees). This card offers a 0% intro APR on purchases for 15 months (See Rates & Fees) and 14.49% - 21.49% variable APR (See Rates & Fees) thereafter. That makes this a good card to have if you need to make a big purchase since you will be able to pay it off during the long intro period without having to pay any interest.
The 5% cash back you earn on U.S. office supply purchases (at U.S. office supply stores) and U.S. wireless telephone services purchased directly from U.S. service providers. The only catch is that the 5% (and 3%) cash back applies to up to $50,000 of purchases per calendar year, and any amount in excess of that will earn 1% cash back. So if you spend $2,000 on office supplies and another $2,000 on wireless telephone services each month, you could have savings of $2,400 in a year! This 5% cash back feature may help your business save a lot of money if you make such purchases regularly.
You earn 3% cash back in a category you choose! You get 3% cash back for purchases made in the category of your choice, from a list of 8 select categories.
The categories you can choose from are:
- Airfare purchased directly from airlines
- Hotel stays purchased directly from hotels
- Car rentals from select major car rental companies
- Purchases at U.S. gas stations
- Restaurants in the U.S.
- U.S. advertising in select media
- U.S. shipping purchases
- Purchases made directly from U.S. computer hardware, software and cloud computing select providers
This 3% (and 5%) cash back applies to purchases up to $50,000 per calendar year. Any amount spent in excess of $50,000 will earn 1% cash back. This is an attractive feature to have, because you can choose a spending category that you spend a lot in every year and thus, by having this rebate it can help you save even more money each calendar year.
Earn 1% cash back on other eligible purchases. Cash back is earned only on eligible purchases.
Get cash back on employee cards. You can delegate your business spending by getting additional cards for your employees, and set individual spending limits on each one. You will be able to earn the same cash back on the purchases they make.
Your cash back is automatically credited to your statement. To make it as simple as possible for you, your cash back on purchases will be credited to your account as statement credit automatically each billing period. You need not remember to redeem your cash rebates or be concerned about any minimum rebate requirements.
Flexible payments. Since this is a credit card, you can choose to pay your balance in full or over time. If you don't pay in full each month, you'll have to pay interest. This flexibility is good if your business needs more time to repay your business expenses.
Purchase protection and extended warranty on eligible purchases made with your card. Purchase protection can protect eligible purchases made with your card against accidental damage and theft for up to 90 days from the date of purchase. The free extended warranty extends the term of the original manufacturer's warranty up to one more year on eligible purchases with warranties of five years or less that are eligible in the U.S.
Car rental loss and damage insurance can help you have a problem-free car rental experience when you pay with your SimplyCash® Business Card.
Travel Accident Insurance. If you pay for your tickets with this card, you can be insured, giving you peace of mind when traveling.
Baggage Insurance Plan when you pay for your travel on a Common Carrier, such as plane, bus, ship or train, with this card.
Online Year-End Summary. On January 1st, to help you better organize your accounting, taxes and budgeting for the year ahead, you will receive an online year-end summary of all your spending during the previous year.
Terms and limitations apply.
Our Least Favorite Things About SimplyCash® Plus Business Credit Card from American Express
Limits on 5% and 3% cash back categories. 5% and 3% apply to purchases up to $50,000 per calendar year, after reaching the cap you'll earn 1% cash back. Still, that's a pretty decent amount of purchases which you can earn cash back on in those categories.
How Other Cards Compare With SimplyCash® Plus Business Credit Card from American Express
|Intro APR:||0% intro APR on purchases for 15 months|
|Regular APR:||14.49% - 21.49% (Variable)|
|Credit Required:||Excellent Credit|
|See Rates & Fees||Terms Apply|
SimplyCash® Plus Business Credit Card from American Express is a very flexible cash back business credit card which lets you choose a cash back category that best matches your business spending.
SimplyCash® Plus Business Credit Card from American Express is a business credit card to consider if you are looking for a no annual fee (See Rates & Fees) cash back credit card for your business in the US. It offers attractive cash back on certain categories of purchases such as office supplies, wireless telephone services and a category of your choice, and has a standard 1% cash back on other eligible purchases. Add up all the cash back and you'll end up with a smart choice for your business!
As it is a credit card with a credit limit, not a charge card, you get to build a solid credit history of your business if you pay on time each month. This card also comes with many American Express cardholder benefits such as purchase protection, extended warranty, travel accident insurance, car rental insurance, and more, all with no annual membership fee. Terms and limitations apply.
If you want to earn cash back on practically all your business spending and have the cash back credited automatically to your statement, then SimplyCash® Plus Business Credit Card from American Express is a card you may want to consider for your business.
For rates and fees of the SimplyCash® Plus Business Credit Card from American Express, please click here.
|Frequently Asked Questions About SimplyCash® Plus Business Credit Card from American Express|
|Is this a good cash back credit card?|
|Are there ways to earn additional cash back?|
|Are there any limits on the cash back I can earn?|
|Do I get any special benefits from this card?|
|Does this card have an annual fee?|
|How do I redeem my cash back?|
|Is this a good card for international spending?|
|Is there a penalty if I pay late?|
|Who is this card for?|