SimplyCash® Plus Business Credit Card from American Express Review
If you’re on the hunt for a business credit card with no annual fee and the ability to earn cash back for all your business purchases, then the SimplyCash® Plus Business Credit Card from American Express, a Credit Cards House advertiser, is just what you’re looking for.
SimplyCash Plus Business Card from American Express
As a cardmember, the SimplyCash Plus Business credit card comes with a special offer of a 0% introductory APR on purchases for 15 months. After that, you’ll pay a 14.49% to 21.49% variable interest rate based on your creditworthiness at the time of opening your account (see rates and fees). In addition, you take advantage of the $0 annual fee for each additional employee card that you request (see rates and fees). And with a $0 annual membership fee, this credit card is a favorite among American Express customers (see rates and fees).
This card also boasts the ability to choose how you earn rewards based on your business’ most popular spending category. You can earn 3% cash back from one of these eight categories:
- Airfare purchased directly from airlines
- Hotel rooms purchased directly from hotels
- Car rentals purchased from select car rental companies
- U.S Gas stations
- U.S Restaurants
- Purchases in the U.S. for shipping
- Purchases in the U.S. for advertising in select media
- Computer hardware, software and cloud computing purchases in the U.S.
This added feature provides a truly customizable rewards experience for business owners, ensuring that you’re earning cash back on whatever you purchase most for your business.
In addition to the 3% category of your choice from the list above, you’ll also earn 5% cashback on any purchases made at office supply stores, and on wireless telephone services within the United States. And you’ll earn 1% cashback on everything else you purchase using your SimplyCash Plus Business credit card.
An extra feature that’s especially helpful to business owners is the fact that this card allows you to make purchases above your spending limit and still earn cash back on those purchases too, without paying an over-the-limit fee.
With the SimplyCash Plus Business credit card, you also get access to a 0% introductory APR on purchases for 15 months. After that, you’ll pay a 14.49%, 19.49%, or 21.49% variable interest rate based on your creditworthiness at the time of opening your account. In addition, you take advantage of the $0 annual fee for each additional employee card that you request.
Noteworthy features include:
- No annual fee
- 3-5% cashback on business-related categories
- 1% cashback for all other purchases
- No over-the-limit spending fee
In addition to the above-mentioned features, cardmembers of the SimplyCash Plus Business Card will enjoy some additional benefits, including:
Purchase and Travel Benefits
You can enjoy a wide selection of purchase and travel benefits with Car Rental Loss and Damage Insurance, Extended Warranty, and Purchase Protection. And with Account Alerts, you won’t have to worry about being charged a late fee because you forgot to pay your bill on time.
Log into your American Express card account and access your purchase history, prepare reports, send invoices to customers and even budget your expenses. Then, at the end of the year, you’ll also have access to a Year-End Summary that reflects all the charges and purchases that posted to your account during last year’s billing cycle.
Most business owners choose American Express credit cards because they don’t come with preset spending limits and function more like a charge card. In this case, however, the SimplyCash Plus Business card is a traditional credit card so you will incur interest fees if you keep a balance. The card does have the added bonus of being able to go over your spending limit, without paying additional fees, when necessary.
There is also a spending limit capped at up to $50,000 per year for the 5% and 3% cash back categories, which may be a limitation if you have a larger business with higher spending requirements. You may want to consider other American Express charge cards or credits cards if you expect to exceed this spending limit.
Here are a few other drawbacks:
- Has a 2.7% foreign transaction fee (see rates and fees)
- Preset spending credit limit
- Cap on bonus cash back
The SimplyCash Plus Business credit card is great for businesses who make a lot of office supplies and wireless phone service purchases. It’s not best for business owners who travel a lot internationally or are looking to pay off big purchases over an extended period of time. However, with the ability to choose your own cash back category and $0 annual fee, the SimplyCash Plus Business credit card from American Express is a great all-purpose card.
For rates and fees of the SimplyCash Plus Business credit card from American Express, click here.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by American Express.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.