The American Express Blue Business Cash Card offers a generous 2% cash back on all eligible purchases, up to $50,000 per calendar year, followed by 1%. The cap can be annoying for some, but for businesses that don’t want to buy more than $50,000 in a year and don’t want to pay an annual fee, this card is worth a closer look.
With an introductory APR purchase, the card offers incentives for early-stage businesses with little seed capital or businesses that need to stay open but are waiting for additional capital. The card does not have a low entry APR on balance transfers, so it’s not a good option for those looking to get their existing balance on the move.
The American Express benefit is another valuable attribute. Not only does it offer business-related benefits such as employee cards and manager accounts, but American Express’s growing purchasing power advantage allows businesses to exceed their credit limits under certain carefully defined conditions. This can be useful for companies with a lot of income or wealth that need to borrow more money to get through the growing pains. There are also some perks usually associated with personal cards up for grabs, such as: B. Rental Car Insurance, Travel Assistance, and the American Express app.
At first glance
No annual fee
- 2% cash back on all eligible purchases up to $50,000 per calendar year, 1% thereafter
- Initial 0% APR on purchases within 12 months of account opening, and 13.49% to 21.49% APR on purchases and balance transfers thereafter.
- Wire transfers must be made within 60 days of account opening and are subject to a fee of $5 or 3%, whichever is greater
- Business benefits, including Bill.com employee cards, account managers, and vendor payments
- Get a quote from American Express.
The American Express Blue Business Cash Card earns 2% cash back on all eligible purchases of up to $50,000 per calendar year, followed by 1%. No cash back will be awarded for credit card transfers or person-to-person payments, gift cards or cash equivalent purchases.
Cash back awards can only be redeemed on the account statement and will be forfeited if the account is terminated or closed. Rewards will be automatically credited to the account within two months of purchase. So, if $1,000 was spent on stationery in January, the $20 credit would be charged to the March statement.
The bonus potential of the American Express Blue Business Cash Card can be easily determined. Those who spend $50,000 or less annually on the card will get 2% cash back. Just hit this $50,000 annual spending cap for a total of $1,000 in cash back. After spending $50,000 on the card in a year, the reward rate drops to 1% cash back.
Forbes consultants estimated potential returns based on a sole proprietorship earning $100,172 a year, which equates to 70% of a household’s income. We estimate that $26,410 could reasonably be withdrawn from the credit card, bringing the card’s rewards to $528.20 per year.
0% introductory price
The Blue Business Cash Card offers an introductory APR of 0% on purchases within 12 months of account opening, after which a variable APR of 13.49% to 21.49% applies to purchases and balance transfers. Funds transfers must be made within 60 days of account opening and are subject to a fee of $5 or 3%, whichever is greater.
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More card benefits
- Expanded Purchasing Power: Go beyond your credit limit with additional user-defined limits with Amex’s fixed-rate financing system.
- Rental Loss and Damage Insurance: If you use your card to pay for the rental car and decline the collision damage waiver at the rental counter, you may be able to get secondary auto insurance in eligible areas. Conditions apply.
- Global Helpline: Travel assistance when more than 100 miles from home.
- Employee Card: Earn rewards by allowing employees to shop on the same account.
- Account Managers: Add authorized account managers to simplify tracking and payments.
- Amex Business and Amex Apps: Mobile account management tools.
- Bill.com’s Vendor Payments: Sign up for Bill.com’s Vendor Payments Program and earn rewards while paying suppliers.
- Extended Warranty: When you pay with a credit card, eligible manufacturer warranties can be extended by up to one year.
- Buyer Protection: Protects eligible purchases from damage, loss or theft. Conditions apply.
- Interest expense
- Regular APR: 13.49% – 21.49% variable
- Purchase Introduction APR: 0% for purchases within 12 months from the date of account opening
- Introduction to Balance Transfer APR: N/A
- Annual Fee: No annual fee
- Balance transfer fee: Not applicable
- Outsourcing transaction fee: 2.7% of each transaction in US dollars.
How the cards are stacked
American Express Blue Business Cash™ Card and American Express Blue Business® Plus Credit Card
At first glance, Blue Business Cash and Blue Business Plus (conditions. See tariffs and fees) are very similar, except for the reward names “Cashback” and “Points”. The difference seems semantic when you understand that points on a Business Plus card are usually worth a penny, but the main difference is the redemption options.
The Business Cash Card offers statement credit rewards two months after purchase, while the Business Plus Card allows cardholders to transfer Membership Rewards points to partner rewards programs or redeem points for travel or card fees. The complexity of the redemption rules takes more time to ensure points are redeemed at a good redemption rate.
If the cardholder is willing to put in the time, Blue Business Plus can easily beat Blue Business Cash by offering more than 1 cent per point. But with Blue Business Cash, cardholders don’t have to worry about how to use their rewards wisely. Those who want direct, easy cash back should choose Business Cash, while those who want a points system and accompanying options should choose Business Plus.
American Express Blue Business Cash™ Card and Ink Business Cash® Credit Card
Compared to Chase’s Ink Business Cash, Blue Business Cash is a neat, easy-to-understand cashback card. Chase’s more complex redemption tiers to consider: 5% cash back on the first $25,000 per dollar on office supplies and internet, phone and cable service purchases, 2% cash back on the first $25,000 per dollar at gas stations and restaurants on anniversaries 1 % cash back per dollar on anniversaries and all other purchases, with no limit to the amount of rewards earned. Unlike Blue Business Cash, Chase Ink Business Cash also offers a generous welcome bonus: spend $7,500 within the first 3 months of account opening and get a $750 bonus back.
Chase purchase protection lasts an additional 30 days, and their car rental insurance is primary rather than secondary when used for commercial leases. The card also offers travel insurance and additional redemption value through Chase Ultimate rewards. The benefits of Chase Ink Business Cash surpass those of Amex Blue Business Cash, and it provides stiff competition for those willing to calculate whether Ink’s reward category is a better fit for their business.
American Express Blue Business Cash™ Card and Bank of America Leverage® Visa Signature® Card*
The U.S. Banking Leverage Visa may be a better fit than Blue Business Cash for businesses that spend more than $50,000 per year and limit those spending to specific categories per month. Leveraged Visa Rewards are unlimited across the two spend categories assessed monthly. The first two categories of accounts will receive 2% cash back with no maximum income limit.
With the following welcome bonuses: 75,000 points, $750 worth of cash back, $7,500 in eligible net purchases within the first four months of account opening and no annual fee, Leverage Visa also offers many of the same benefits as Blue Business Cash which is Some stiff competition for businesses whose spending models might benefit more from two months of unlimited cashback.
Is this card right for you?
By most standards, the American Express Blue Business Cash™ Card offers great benefits to businesses looking to get the most back on the first $50,000 spent on the card and enjoy everything American Express has to offer.
For CEOs and owners interested in maximizing assortment spend or wanting to spend without worrying about the $50,000 cap, there are better cards for maximizing rewards. Blue Business Cash may not be suitable for international businesses because it has high international transaction fees and American Express is not as widely used abroad as Visa and Mastercard. The card is also not a great option for those looking for balance transfers. But for most small businesses looking for easy, high-yield cashback, this card is definitely worth a look.