SimplyCash from American Express Credit Card Review

The Simply Cash Credit Card from American Express may be the best business credit cards out there.  The card offers 5% cash back on purchases of wireless phone services, office supplies, as well as 3% cash back on gas purchases.  The last rebate is what makes this card stand out from other business credit cards: it combines both a cash rebate card with a gas rebate card for business owners.  For all other purchases, cardholders receive 1% cash back, which for some business credit cards is the cash back rebate percentage for all purchases.

Simply Cash Discounts: In addition to the above cash rebates, the Simply Cash Card from American Express offers discounts at OPENSAVINGS merchant partners.  So not only will cardholder receive cash back on purchases, but also save money on a variety of office-related products or services – including AT&T, Hyatt Hotels, and FedEx.  Additionally, cardholders can earn unlimited rebates, with a limited of $12,000 in gas-related rebates.

Simply Cash APR and Fees: As is the case with many business credit cards, the Simply Cash from American Express has a low APR with a long-term 0% introductory APR, and a low APR for balance transfer for the life of the card – not a six month or twelve month plan, as is the case with most balance transfer rates.  The card also has a longer-than-average 25-day grace period, as well as no annual fee or fee for additional cards.

American Express Benefits: There are a number of reasons why an American Express card is a better card for business owners than other issuers.  Some of the benefits of the Simply Cash Card from American Express include: purchase protection, online account management, travel insurance, and an online business community to network or trade advice.

Conclusion: Of all the benefits of the Simply Cash from American Express, the 5% rebate on office purchases is the greatest selling point.  For any business owner who logs a lot of miles in a car or other vehicle for deliveries or other purpose, the cash back on gas expenditures is also highly attractive.  All in all, this card has low fees, low APR, and high rebates: all things you should look for in a business credit card.