American Express Blue Business Cash Card: 2% Cash Back on First $50,000 in Purchases, No Annual Fee

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Added new sign-up bonus. The American Express Blue Business Cash Card is a small business rewards card that earns 2% cash back on up to $50,000 of purchases per calendar year (then back down to 1% after that) and no annual fee. This card replaces the SimplyCash Plus card, which has been discontinued and is no longer open to new applicants.

New applicants get 0% intro APR for 12 months from the date of account opening (variable rate after intro period). They also just added another limited-time bonus worth up to $300:

You can earn up to $100 in the form of statement credits at each of the following merchants: Dell, DocuSign or FedEx after you make eligible purchases with your new Card within the first 3 months of Card Membership.

This is a solid offer for small business owners who want a simple-yet-competitive rewards credit card. If your business purchases don’t exceed $50,000 within each calendar year, this card provides flat 2% cash back and no annual fee. (Most other 2% cash back business cards charge a $49+ annual fee.) In addition, your cash back is automatically credited to your statement as a statement credit, so you don’t have to remember to redeem anything.

My primary small business card for day-to-day spending is the sibling Blue Business Plus Card from American Express (my review), which offers 2X Membership Rewards points on the first $50,000 in purchases each year and no annual fee. I prefer earning the double Membership Rewards points per dollar over 2% cash back because I regularly redeem each MR point for more than 1 cent per point of value. I happen to enjoy the flexibility of having some Membership Rewards in my back pocket to convert to airlines miles and hotel points (and keeping them active without an annual fee).

If you don’t expect to get at least 1 cent per mile value by converting to airline miles or hotel points, then this card is better. Many people will prefer the simplicity of cash.

Business credit card eligibility. Many people aren’t aware that they can apply for business credit cards, even if they are not a corporation or LLC. Any individual can be a small business. Perhaps you sell items on eBay, Craiglist, or Etsy. Maybe you do some graphic design, web design, freelancing and/or consulting. If you received a 1099-MISC tax form and filled out a Schedule C, that means you have business income, you pay self-employment taxes, and you’re a sole proprietorship. This is the simplest business entity, but it is fully legit and recognized by the IRS. On a business credit card application, you should use your own legal name as the business name, and your Social Security Number as the Tax ID.

This card will require you to personally guarantee that you’ll pay them back what you charge on the card, which means they’ll check your personal credit score like any other consumer card. However, as the card is a business card, American Express won’t have it show up on your personal credit report, so it won’t change things like your credit limits, average account age, or credit utilization ratio.

Bottom line. The American Express Blue Business Cash Card is a small business rewards card that earns a flat 2% cash back on ALL purchases up to $50,000 per calendar year with no annual fee. This is a high cash back percentage, and your rewards are automatically credited on the next monthly statement, so you don’t have to remember to redeem anything.

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.



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Comments

  1. name lazy says

    Nothing beats the citicash double rewards. No annual fees, 2% unlimited case back redeemable in statement credits.

  2. Better deal last month, $500 bonus. $250 for $5k spend and $250 for +10k spend. Paid my estimated taxes for 1st and 2nd qu on July 15. 2% cash back covered the fee to pay the taxes and made small profit.

  3. Part II also have 12 months 0% interest (I’m not sure if I’ll sit on the tax payment small interest not worth the risk).
    Also the card is great. 2% is solid cash back. It is automatic at the close of statement. The business features are great, you can add receipts and print expense reports. I like this card.

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