Most Flexible Business Credit Card

SimplyCash® Plus Business Credit Card from American Express
  • Pick your own bonus category based on your business spending
  • Enjoy a relatively low interest rate and no annual fee
  • You'll get a long 0% introductory APR promotion
Learn more
On Card Issuer’s Secure Website
Card attributes
  • Variable APR
    13.99% - 20.99%
  • Cash Advance APR
    n/a
  • Rewards Rate
    Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and
  • Annual Fee
    $0
  • Intro APR
    0% on purchases for 15 months.
  • Bonus Offers
    n/a
Highlights
  • Save on interest with a 0% intro APR on purchases for 9 months after that your APR will be a variable rate, currently 13.99% - 20.99%
  • No annual fee
  • Reinvest in your business with automatic cash back in the form of a monthly statement credit. Plus take control by choosing the 3% category that best fits your business
  • Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and 1% cash back on other purchases
  • With Expanded Buying Power you can spend beyond your credit limit* to make bigger purchases for your business plus earn cash back on those purchases too
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors
  • Terms apply

  • Get up to 5% cash back on business-related expenses
  • Spend beyond your credit limit in certain situations
  • Get no interest for more than a year
  • The card's base 1% rewards rate is mediocre
  • Your bonus rewards are capped at $50,000 in annual spending
  • You can only change your 3% bonus category once a year
Details

Application Process: Apply online, and you'll get a decision in approximately 60 seconds.

RewardsEarn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and 1% cash back on other purchases. 

Bonus Offers: None.

APR: 0% intro APR on purchases for 9 months; after that your APR will be a variable rate, currently 13.99% - 20.99%.

Annual Fee: None.

Faveable Review

Small business credit cards often provide business owners with rewards and perks that are tailored specifically to their businesses. But depending on the nature of your business, its expenses might not fit the typical bonus rewards categories that some of these credit cards offer.

With the SimplyCash® Plus Business Credit Card from American Express, however, you have the opportunity to customize your rewards to fit your business’ needs.

SimplyCash® Plus Business Credit Card from American Express highlights

Despite charging no annual fee, this card packs a punch for business owners. The card offers up to 5% cash back on typical business expenses, and its 3% cash-back category is customizable (more on that in a bit).

The card also offers an introductory 0% APR promotion on new purchases, giving you time to finance and pay off a large purchase, such as equipment, inventory, or supplies.

SimplyCash® Plus Business Credit Card from American Express rewards and perks

The card offers various rewards tiers, depending on what you’re using the card to purchase. Here’s a quick summary:

  • Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight.
  • Earn 1% cash back on all other purchases.

As for that 3% cash-back category, the eight choices include:

  • 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
  • U.S. purchases for advertising in select media
  • U.S. purchases for shipping
  • U.S. computer hardware, software, and cloud computing purchases made directly from select providers

That gives you a lot of leeway in how you earn rewards, and it makes a lot of sense. Not all business spend money on travel or office supply stores. If your business is entirely online, you can still get bonus cash back for advertising.

And if you ship a lot of products, you can rack up rewards on your everyday shipping expenses.

Instead of a sign-up bonus, the card offers an introductory 0% APR for nine months on new purchases. So if you need to make a large purchase and don’t have the cash on hand yet, you can use the card to float the expense over nine months until you can pay it off.

SimplyCash® Plus Business Credit Card from American Express benefits

In addition to offering a flexible rewards program and a 0% APR promotion, the card also provides some other benefits that could be useful.

For starters, the card allows you to spend above your credit limit if you need to. This doesn’t mean that you have an unlimited spending potential. American Express does consider a few factors when determining how far above your limit you can go.

But once you have an account, you can log in and use their spending capacity tool to see what’s possible.

The card also has a handful of tools to help you become a more efficient small business owner, such as:

  • Employee cards: You can give your employees a card with no annual fee and entirely avoid the expense reimbursement process. American Express allows you to set spending limits on employee cards, plus they earn rewards on their purchases too.
  • Spend Manager: This tool allows you to attach your receipts to your expenses, making it easier to keep track of your expenses, especially for tax purposes. You can also add notes to your expenses.
  • Quickbooks connect: You can label each of your transactions and transfer that data directly to your Quickbooks account for your accounting team.

SimplyCash® Plus Business Credit Card from American Express

As mentioned previously, the card doesn’t charge an annual fee. But you may incur some costs for other things.

For example, once the card’s 0% APR promotion is over, your interest rate can vary wildly, depending on your credit situation. It can be below-average or well above the average.

Also, if you head overseas with the card, you’ll pay a foreign transaction fee of 2.7% on every purchase you make. That’s not to mention the fact that American Express isn’t widely accepted overseas.

Does the SimplyCash® Plus Business Credit Card from American Express make sense for me?

The SimplyCash® Plus Business Credit Card from American Express is one of the best business credit cards on the market because of its flexible rewards program and its other perks.

Its customizable rewards make it worthwhile for a business owner whose expenses don’t generally align with what most business cards offer.

Also, the card’s 0% APR promotion can be a godsend if your business depends on a large expense that you can’t afford right now but can over time.

But the card isn’t perfect for everyone. For business owners who want simplicity, the card’s rewards program might be a little too complicated. The card also doesn’t offer a sign-up bonus, which could be a deal breaker for some.

As you consider this card, make sure to compare it with other business credit cards to make sure you get the right one for you and your business.

Never make a dumb purchase again
Our tips in your mailbox:
Newsletter signup