Who is American Express Blue for Business Credit Card Designed For?
The American Express Blue for Business Credit Card is a perfect for businesses with good to excellent credit looking for a card with a 0% introductory rate on purchases and a lower than normal APR. It also includes valuable perks, such as buyer protection, extended warranty, travel insurance, and extended warranty.
Another neat feature of this card is that it allows you to synchronize your account statements directly with Quickbooks, which saves time and money when it comes to calculating business expenses and report taxes.
What are the Interest Rates for American Express Blue for Business Credit Card?
The purchase interest rates range from 11.49% to 19.49% APR depending on your creditworthiness. Notice this card does not allow balance transfers. The introductory rate is for purchases only.
There is also a 29.49% APR penalty fee. You trigger this APR if you are late on two or more payments or you don´t make the minimum payment. Once it is triggered, American Express will hit you with the penalty rate until you make a minimum of 12 payments on time.
Cash advances and overdrafts come with a 25.49% APR.
What Are the Fees for American Express Blue for Business Credit Card?
The American Express Blue for Business Credit Card doesn’t have an annual fee. However, it does have a 2.7% foreign transactions fee. It goes without saying that you will want to keep this card at home when you go on a business trip abroad.
Another fee you need to consider is the $5 or 3% -- whichever is greater – on cash advances.
Late payments and returned payments have a $38 fee.
What Is American Express Blue for Business Credit Card Rewards Program Like?
The American Express Blue for Business Credit Card Rewards program has low reward rates and average redemption value. Cardholders only get one membership point for every dollar spent. However, members receive a 30% relationship bonus every year they stick with the card. So if you spend $30k in a given year, you will receive 30,000 membership points plus 10,000 additional membership points as an annual bonus.
The value of American Express Membership Points varies depending on the card and how you choose to redeem your points.
In the case of the American Express Blue, 10,000 points will give you:
- $100 in gift cards
- $70 if you shop at Amazon.com or BestBuy.com
- $50 if you shop with American Express’ merchant partners
What about the American Express Blue for Business Credit Card Signup Bonus?
New customers receive 10,000 Membership Rewards points after they make their first purchase. The maximum redemption value is $100. Nothing to write home about, but still not bad for a card with no annual fee and no minimum spending requirement.
Does the American Express Blue for Business Credit Card Have Any Other Benefits?
Yes, and it’s these additional benefits that make the American Express Blue for Business a card worth considering despite its lackluster rewards program.
- Employee cards at no additional cost
- Purchase protection
- Baggage Insurance Plan
- Global Emergency Assistance
- Roadside Assistance Hotline
- Travel Accident Insurance
- Extended warranty protection
- Auto rental collision damage waiver
How Is American Express Blue for Business Credit Card Better Than Other Credit Cards?
The American Express Blue for Business Credit Card combines a 9-month 0% APR on new purchases and a relatively low standard APR. Just keep an eye on the penalty rate and 2.7% foreign transactions fee. Its rewards program is nothing special, but it has no annual fee and includes valuable membership benefits. Small businesses looking for a low-cost card with generous benefits will appreciate this card.