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SimplyCash Business Card from American Express Review

Open.com/simplycash is a portal for the American Express Business Credit Cards. Compare your offer below and apply for the card of your choosing now.

The American Express Simply Cash Business Card has a lot to offer a business owner. There is a 0% introductory APR for purchases for up to a year depending on your business credit worthiness. There is no annual fee and you earn up to 5% cash back for purchases of office supplies and wireless expenses.

0% APR

The introductory 0% offer for all purchases is available for six, nine or a full twelve months depending on your business credit history. When the APR kicks in there is a variable rate of 12.24% to 19.24% also dependent on our business credit worthiness.

Cash Back rewards

The cash back rewards returns cash to your business for items that every business needs like office supplies and wireless phone service. The 5% cash back reward is is good for the first $12,000 you spend using your card in these two categories. After you reach that limit you get 1% cash back. The Simply Cash card also provides you with 3% cash back for all gas purchases. This cash back reward is also limited to the first $12,000 in purchases. For everything else the use of the card will earn you 1% cash back. There is no limit on cash rewards. Additional cards for your employees are provided at no additional charge and you can earn cash back on their cards also. Spending limits can be set for employee cards. Your cash back rewards appear as statement credits each month making it unnecessary to redeem rebates count points.

Open Savings discounts

The Open Savings program allows credit card holders to save from 3% to 10% on purchases made Open Savings retail partners. Retail partners include FedEx, Hertz, OfficeMax, hpdirect, Epson, airTran, Hyatt and Marriott. If you use your SimplyCash card to make your purchases the savings is credited directly to your credit card account.

Fees

There is no annual fee for this card. There is a penalty APR of 27.24% which is applied if you are late on your monthly payments twice in a twelve month period or you go over your credit limit three times annually or your payment is returned. This penalty APR will stay on your account for a minimum of twelve months. There is an additional late fee or returned payment fee up to $35.00.

General benefits

The SimplyCash card comes with all the general benefits of all American Express cards including purchase protection, extended warranty program, and identity theft assistance. Travel benefits include car rental insurance, roadside assistance and the global assistance hotline. Use your SimplyCash card to pay for a qualifying vacation (minimum of $3,000 on vacation package) through the American Express Travel Service and you could earn a $100.00 annual travel benefit.