The SimplyCash® Business 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 membership fee. Here we do a detailed review of the SimplyCash® Business Card from American Express, and tell you how we rate this card and what you should watch out for!
Things We Like About This Card
Limited Time Offer: Get $250 statement credit. To be eligible for this offer you must apply before June 23, 2015 and spend $5,000 on qualifying purchases within the first 6 months of Card Membership.
No annual membership fee. Enjoy the perks of this card with no annual membership fee.
Receive 5% cash back 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. However, there's a catch! The 5% cash back will only apply to the first $25,000 spent per rebate year in combined purchases of these two categories, and any amount in excess of that will earn 1% cash back. So if you spend $1,000 on office supplies and another $1,000 on wireless telephone services each month, you could have savings of $1,200 in a year! This 5% cash back feature may help your business save a lot of money if you make such purchases regularly.
Receive 3% cash back on purchases made in the category of your choice.
The categories you can choose from are: - Plane tickets purchased directly from airlines - Hotel stays - Car rentals from select major car rental companies - Purchases at US gas stations - Restaurants in the US - US advertising in select media - US shipping
This 3% cash back also has a limit of $25,000 per rebate year. Any amount in excess of $25,000 will receive a 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 rebate year.
Receive 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 This Card:
Limits on 5% and 3% cash back categories. 5% cash back applies to the first $25,000 of combined US office supply purchases and wireless telephone services purchased directly from US service providers. 3% cash back applies to the first $25,000 of your chosen category of purchases. Any amount in excess of these earn a standard 1% cash back.
The SimplyCash® Business Card from American Express is a business credit card to consider if you are looking for a no annual fee 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 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® Business Card from American Express is a card you may want to consider for your business.