American Express SimplyCash® Business Credit Card
Sponsored Card
- Minimum Credit Required:
Excellent - Annual Fee:None
- Network: American Express
Cash Back - Extra on Gas
| Initial Bonus None |
Base Earn 1% |
Max Earn 5% |
Earn / Redeem Limit No |
- Get 5% cash back on wireless services and office supply purchases.
- Get 3% cash back on automobile gasoline.
- Get 1% cash back on other purchases.
- No limit to the amount of cash back you can earn.
- Cash back on purchases is automatically credited to your statement each month.
- Save 3%-10% automatically on business expenses from FedEx, Hertz®, OfficeMax®, and more with OPEN Savings®.
| Intro Rate 0% |
Intro Period 6 - 12 months |
Regular Rate 12.24% - 19.24% (V) |
Cash Advances:
| Cash Advance Rate 21.24% (V) |
Cash Advance Fee 3% (min $5) |
- The SimplyCash® Business Card from American Express OPEN is best for established businesses with: positive cash flow, strong credit history, and two or more years in business.
- Max Late Fee: $35
- Max Overlimit Fee: None
- Max Penalty APR: 27.24% (V)
- Grace Period: 25 days
- Online Response: No
- Foreign Transaction Fee: 2.7%
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Before applying for a credit card we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences related to the American Express SimplyCash® Business Credit Card shown on this page.
The card information shown on this page was last updated: May 23rd, 2012 at 12:33 EDT
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The first thing you need to know when shopping for a business credit card is that your personal credit standing, not your business’, will be the most important factor in the application process. In other words you don’t need to start at the bottom of the totem pole if you are starting a new business. The reason for this is that credit card companies hold small business owners liable for business credit card use and report use to their personal credit reports. That means if you have excellent credit the American Express SimplyCash Business Credit Card will be an option. Whether it’s a good one is another story entirely. The Amex Simply Cash Business Credit Card offers 5% cash back on wireless services and office supplies, 3% cash back on gas, and 1% on everything else. Simply Cash Business cardholders also automatically get 3-10% savings on purchases business expenses from Fedex, Hertz, and OfficeMax. You also get 0% on purchases for 6-12 months. Sounds pretty good, huh? Sure does, but you still need to ask yourself two important questions, is this the most rewarding card and can I use it for all company spending. Issuers can still change interest rates on business credit cards at will, which means if you need to use a credit card for funding purposes, you should get a personal credit card. You should still use a business credit card for everyday expenses though, which is where the American Express Simply Cash Business Card comes into play. Looking at other business rewards cards it does appear to be a competitive offer. It really depends on your company’s spending habits though. For example, the Ink Bold from Chase offers 5 points per dollar on your first $50,000 in business expenses each year and has an initial bonus, so if you spend less than $50k each year on office supplies, wireless services, etc., it might be a better option. Neither it nor the Amex Simple Cash has an annual fee in the first year, although the Bold has a $95 fee beginning in the second year. I’d recommend looking around a bit to make sure you’ve found the right card, but if you want simple, straightforward rewards, aren’t concerned with travel rewards, and office supplies, wireless services, and gas are three of your company’s biggest expenses, the Simple Cash Business Credit Card from American Express is likely the way to go.