SimplyCash Business Card from American Express Review

SimplyCash Business Plus Card from American Express Review


American Express rebranded the SimplyCash Business Card to SimplyCash Plus because it now offers even more benefits. In fact, we think the SimplyCash Plus offers the best cash back program in the industry. Business owners, large and small, should consider this credit card to enjoy generous cash back rewards and discounts on common business expenses with no annual fee.

The SimplyCash Plus Business card automatically credits rewards to your statement and it has no annual fee. You earn high cash back on wireless phone service, office supplies and a category of your choice, plus 1% back on everything else. Find out why the SimplyCash Plus card from American Express may be a good fit for your business.​

Welcome Offer

Currently, American Express is offering new cardholders a one-time $250 statement credit after you spend at least $5,000 for new purchases in the first six (6) months after approval.

Rewards Program Explained

The SimplyCash card has one of the most unique cash back programs in the industry, as it can actually be customized. The plan is good for business owners who want to personalize their rewards, as well as those who spend heavily on office supplies and wireless phone service. And the cash back is automatically credited to your statement, giving you one less thing to worry about as you run your business.
And now the card has been plus sized  to allow you to earn even more cash back. This happened because your limits on the earning bonus rewards were increased from $25,000 per year to $50,000!​
With the Simply Cash Business card, you earn 5% back as U.S. office supply stores and wireless phone services. You earn 3% back on the category of your choice from a list that includes airfare, hotel rooms, car rentals, gas stations, restaurants, advertising and shipping purchases. You earn 1% back on everything else without any other limitations.
You should note that there are limitation on the generosity of these programs:

  • You can earn at the 5% and 3% rates up to $50,000 in combined spending on these categories each year in each category. After the first $50,000 in combined spending, , you’ll continuing earning 1% for these purchases.
  • Eligible office supply stores are limited to stores like Staples and Office Depot. Even though many businesses now make these purchases through Costco and Amazon, those retailers are excluded.
  • Your 3% bonus category may only be changed annually.

Over-Limit Buying Power

More than ever, SimplyCash works to provide your business with more buying power and cash back potential than ever.
New for 2016, SimplyCash allows you to buy above your credit limit and get cash back on those purchases as well. You will not be charged with overlimit fees, any you will not need to make calls or take any additional steps for approval.
There are two things you need to know about this over-limit spending provision:

  • The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the SimplyCash Card, your payment history, credit record, financial resources known to us, and other factors.
  • The amount above your credit limit is due in full each month as part of your minimum payment due.

American Express OPEN and Other Benefits

You can further boost your rewards by taking advantage of relationships that American Express has built with several hotel, transportation, shipping, technology and other partners.
The OPEN Savings benefit works by providing you a 5% discount for each eligible dollar you spend at OPEN Savings merchants. So, if you spend $1,000 with an eligible merchant, you will get a $50 discount in addition to any other cash back rewards you earn on that purchase.
Participating merchants include FedEx, Hertz, HP, Hyatt​, and many other leading retailers and service providers. So you will be able to earn this discount at many common businesses.
Other American Express benefits built in the Simply Cash card include:

Interest and Fees

Unlike several other American Express business cards, SimplyCash Plus is a credit card, not a charge card. This allows AmEx to offer a 9-month 0% APR introductory financing option for this card.
The APR after the expiration of the introductory period, and other charges and fees associated with the card, are detailed below.​

The Bottom Line

Owning a business can be expensive. With the SimplyCash Plus Business Card from American Express, you can offset many of your most costly expenses thanks to a cash back program specifically designed for business owners. For absolutely no annual fee, you earn up to 5% cash back on common business expenses like office supplies and wireless service and up to 3% on another category of your choice. Plus, you also will enjoy discounts from many leading merchants.
When you combine the cash back program with no annual fee and a low APR, it is easy to see why so many business owners are relying on the SimplyCash Plus Business Card.

Credit Shout is a community of personal finance experts dedicated to helping you save money and make smart financial decisions. Learn how to master your credit card rewards, improve your credit score and start eliminating your debt.