American Express business cards have been a staple for savvy business owners for a while now. Their SimplyCash program offered flexible earning and spending perks along with the customer confidence that comes with carrying an Amex in your wallet.
As of July 18th, 2019, there have been significant changes to their card lineup, however, and some of the program features you’re used to are getting better. Learn what’s changing, along with what you can look forward to, with their latest card announcement.
The facts speak for themselves. Business owners not only want a card that protects purchases and gives them access to incredible buying power everywhere they shop; they also want cash back. Among all of the perks that cardholders love, cash is continually mentioned as the one reason they might decide to choose a card. With that trend in mind, the is giving cardholders exactly that — more cash.
Instead of choosing categories for earning, or limiting cardholders to earning more than 1% in just a branded buy category (such as a specific airline), the lets cardholders earn on every purchase. There’s no need to track which card to use for fuel or juggle between card programs to get the best earning rate.
But the perks don’t end with earnings. American Express has boosted its welcome offer to get cardholders on board with their attractive new card. The card features:
- Annual Fee
- 0% APR on qualified purchases and balance transfers for 12 months, followed by APR
You also get the American Express level service that causes many cardholders to stay loyal to the brand for decades. The digital expense management tools that come with the card can help businesses of any size easily track and analyze how they spend, giving them insight into those tweaks that can shore up a budget or help them use their cash back earnings in a way that will grow their business wisely.
Who will benefit from this card?
Cash back is available for all qualified purchases. There is no hassle, tracking, or planning for categories. Every purchase gets you closer to your cash back goals, and with a annual fee, this card will make a competitive addition to the marketplace.
The is poised to help small startups and business owners who have limited funds and need access to flexible spending tools. Card holders who want to see for themselves how money is spent each month will appreciate the simplified earning and intuitive statement and expense tracking tools that come with their account. Those who have heard good things about American Express, but have never considered it for their primary business card, can get started with a annual fee or ongoing service charges for the same American Express customer service that is offered by more expensive cards.
Verdict: This is currently the only cash back business card offering 2% cash back with a annual fee. It’s a smart choice for business owners ready to take their expense management and earnings to the next level – with the support that the American Express care team provides every day.
This article was originally written on July 18, 2019 and updated on February 3, 2023.