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SimplyCash Plus Business Credit Card

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SimplyCash Plus Business Credit Card

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in Business Credit Cards

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Overview

Who is SimplyCash Plus Business Credit Card Designed For?

The SimplyCash Plus Business Credit Card from American Express® is designed for small business owners with excellent credit who want a simple yet generous cash back business credit card with no annual fee. It is a particularly good fit for businesses that spend a lot on office supplies and wireless phone service, and want the flexibility to choose an additional bonus category.

What are the Rates for SimplyCash Plus Business Credit Card?

The rates for SimplyCash Plus Business Credit Card range from 13.24% APR to 20.24% APR on purchases. Purchases have a 0% APR intro rate for the first 9 months. Notice SimplyCash Plus Business Credit Card does not accept balance transfers. The intro rate only applies to purchases. There is a 29.99% APR penalty rate for customers who are late on their payments.

What Are the Fees for SimplyCash Plus Business Credit Card?

The SimplyCash Plus Business Credit Card from American Express® has no annual or overlimit fee. It does have a $38 late/returned payment fee, and a 2.7% foreign transaction fee.

What Is the SimplyCash Plus Business Credit Card Rewards Program Like?

SimplyCash Plus Business Credit Card gives cardholders 5% cash back on office supply stores and wireless telephone services purchased in the United States. It also offers cardholders the option of choosing a bonus category they can earn 3% cash back. Categories include airlines, hotel rooms, car rentals, gas stations, restaurants and advertising expenses. All other purchases have a 1% cash back. The 5% and 3% bonus categories have a cap of $50,000, after which the cash back rate drops to 1%. This means cardholders can earn a maximum cash back of $2,500 at the 5% rate and $1,500 at the 3% rate every year. However, there is no limit to the total cash back rewards you can earn at the 1% rate.

What about the SimplyCash Plus Business Credit Card Signup Bonus?

Cardholders can earn a $200 statement credit after they spend $5,000 in qualifying purchases within the first 6 months and earn an additional $200 statement credit after spending an additional $10,000 or more in qualifying purchases within the first year.

Does SimplyCash Plus Business Credit Card Have Any Other Benefits?

SimplyCash Plus Business Credit Card has all the prime benefits and rewards you expect from an American Express® business card. These include purchase protection, car rental loss and damage insurance, baggage insurance, roadside assistance, extended warranty and travel accident insurance.

How Is SimplyCash Plus Business Credit Card Better Than Other Credit Cards?

SimplyCash Plus Business Credit Card has a generous and flexible cash back program that allows cardholders to customize how they earn rewards on their business purchases. It does not have an annual fee and yet still manages to pack all the travel and shopping perks you are likely to need. However, the card does charge a foreign transaction fee, which means this is not the card for business people who frequently travel internationally.

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Feature Breakdown

No Fees
Grace Period for Late Payment (Days)
25
Annual Fee
$0
No Annual Fee
 
List of Fees
Late Payment Penalty
$38
Returned Payment Fee
$38
Foreign Currency Transaction Fee
2.7%
Minimum Age
18
Credit Score Range
680 - 850
850 300 680
Customer Type
Business
Car Rental Insurance
 
Extended Warranty
 
Fraud Liability
 
Travel Insurance
 
Emergency Support
 
Flight Insurance
 
Lost Luggage Insurance
 
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
Bonus Rewards
5x
Every Purchase
1x
Rewards Categories
  • Advertising Services
  • Airfare
  • Car Rentals
  • Every Purchase
  • Gas
  • Hotels
  • Internet / Cable / Phone
  • Office Supplies
  • Restaurants
  • Shipping
  • Software, Hardware, Cloud
Percentage
Purchase APR
(Variable APR)
13.99% - 20.99%
    12% 30%
Balance Computation
Average Daily Balance method (including new transactions)
Penalty APR
29.99%
Introductory Rate
0%

Reviews

 
 

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