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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.

  • Card Type
    • Cash Back
    • Rewards
  • Customer Type
    Business
  • Card Network
    American Express
  • Credit Score Range
    680 - 850
  • Minimum Age
    18
  • 0% Introductory APR
  • Grace Period / Deferred Interest
    25
  • Late Payment Penalty
    $38
  • Returned Payment Fee
    $38
  • Foreign Currency Transaction Fee
    2.7%
  • No Annual Fee
  • Car Rental Insurance
  • Emergency Support
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Lost Luggage Insurance
  • Travel Insurance
  • Cashback
  • Balance Computation
    Average Daily Balance method (including new transactions)
  • Penalty APR
    29.99%
  • Purchases APR
    13.24% - 20.24%
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0 votes

A lot of credit cards throw a whammy on you if you go over your limit by even a dollar. This card doesn't do that. Plus there are no annual fees -- and you get cash back. That's a win-win-win in my book.


0 votes

The Amex SimplyCash Business card has a generous cash back program, especially for office supplies and phone service. Plus there is no annual fee or overlimit fee. If you don't need a lot of bells and whistles and have excellent credit, this is a great card to have.


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