Main features of the American Express Blue Business Cash™ Card:
Earn 2% cash back on purchases up to $50,000 in annual expenses, and 1% thereafter.
an introductory 0% intro APR on purchases during 12 months, then current APR from 13.24% – 19.24% Variable APR
The ability to exceed your credit limit without penalties.
A foreign transaction fee of 2.7%.
Which one should I have?
Cashback is the most flexible form of reward because you can use it for anything you want. With the American Express Blue Business Cash™ Card, your earnings are automatically credited to your statement. So if you buy $10,000 worth of merchandise, you’ll end up with a $200 credit on your statement.
Of course, the Membership Rewards point out that: The Blue Business® Plus credit card from American Express Points earned can also be quite valuable, especially if you redeem them for travel, in which case you can find redemption values in excess of 1 cent per point. Keep in mind, however, that other redemption options fall well below that threshold. The Membership Rewards Calculator in front of The Blue Business® Plus credit card from American Express shows multiple examples where one point is worth 0.7 cents. For example, redeeming 10,000 points at retailers including Amazon, Best Buy, Expedia, Seamless, and Walmart brings in $70 in value. Membership Rewards points are worth even less at Ticketmaster, where 10,000 points are worth $50 for the price of a ticket.
If your business spends way more than the $50,000 annual spending limit that’s on both cards? In that case, you might do better with a completely different product or publisher. The Capital One Spark Cash for Business, for example, pays an unlimited 2% cashback with every purchase, with no spending limit. It has an annual fee of $0 intro for the first year, then $95, but if you spend $4,750 a year, you’ll make it back. There are also no foreign transaction fees, making it a better choice for businesses with international purchases or travel needs. It also offers a rich signup bonus: Earn a $500 one-time cash bonus once you spend $4,500 on purchases within 3 months of opening an account.
One in, one out
With the arrival of the American Express Blue Business Cash™ Card, another card from the AmEx series will be removed. The SimplyCash® Plus American Express Business Credit Card will no longer accept applications, although existing cardholders will keep their accounts without any changes to the card structure.
The SimplyCash® Plus American Express Business Credit Card was a NerdWallet pick for best small business card because of its customizable rewards and high earning potential. That card also earned money back in the form of statement credits.