AmEx Blue Business Cash™ Credit Card Review

American Express Blue Business Cash Credit Card Review

In this article, we’ll review the Blue Business Cash Credit Card from American Express.

The American Express Blue Business Cash credit card is a great card for small-businesses seeking cash-back rewards. When you factor in up to 2% cash back, 0% introductory APR, welcome bonus, zero credit limit, and no annual fee, this card is ideal for entrepreneurs who want to finance their business expenses. There is a yearly spending cap of $50,000 at the 2% rate, and after that, the cash back lowers to 1%. Certainly, for startup business expenses, this could be a helpful way to get significant cost savings.

American Express Blue Business Cash Credit Card: pros and cons

Rewards system in a nutshell

Earning cash back rewards with the American Express Blue Business Cash Credit Card is pretty simple. Eligible purchases earn 2% cash back up to a cap of $50,000 in total purchases within a calendar year. After the cap is met, any remaining purchases within the year will earn 1% cash back. At the beginning of a new calendar year, the cash back percentage returns to the original 2% again. Couple all that with a $250 welcome bonus after spending $3,000 in the first ninety days and you have strong reward-earning potential.

Cash back redemption is handled exclusively as a statement credit, with no options for checks or direct deposit. Credits appear by the second billing statement received after the statement with the eligible purchases. Either way, cardholders are receiving a cash back benefit, but if the intent is to receive cash to use for other purposes, then this card isn’t a good choice.

The cash back rate is based on $.02 per dollar spent for the first $50,000 in eligible purchases. After the $50,000 threshold is reached, rewards are reduced to $.01 per dollar spent. The rewards value is still quite good, especially if there is a need to make large purchases, but once the $50,000 spending is reached it might make sense to hold off on further large purchases until the next calendar year begins if possible.

Who can benefit from getting the American Express Blue Business Cash Credit Card?

The American Express Blue Business Cash Credit Card is a rewards card for business, so it’s not available to consumers.

The card is ideal for entrepreneurs and small business owners looking for a high rate of cash back rewards on their purchases. The 2% cash back rate, without an annual fee, means that businesses can avoid the expense of having the card while earning rewards on the purchases they already need or plan to make. The $250 welcome bonus is another valuable benefit for a small or startup business in which managing every penny earned and expense paid matters a great deal.

An introductory APR of 0% for 12 months on qualifying purchases will be attractive to small businesses that need financing. After the introductory period, the APR reverts to 18.49% - 26.49% Variable APR. Balance Transfers are not eligible for the cash back option and earn the regular APR regardless of when the transfer occurs.

So, if you’re a new or small business that has planned expenses of less than $50,000 a year, this card is a great way to earn high cash back amounts that redeem directly to the card as a credit and will help to build your business efficiently and economically.

Are there any other benefits?

Besides the good potential of cashback rewards, other nice benefits make this card even more attractive. Some of these are:

• Account Manager – Cardholders can entrust access to the card account to another individual to enable them to manage the card in their place.
• Car Rental Loss and Damage Insurance – Enhanced car rental insurance is available with this card to help safeguard cardholders when they utilize car rental services.
• Extended Warranty Services – Extends the warranty service for major purchases above and beyond the regular manufacturer’s warranty.
• Purchase Protection – Provides basic protection against damage and/or theft for items paid for with the card within a specific period of time.

Conclusion

For a new or small business, this card is the perfect choice to help foster healthy growth. The combination of a $250 welcome bonus, 2% cash back on qualifying purchases, and 0% annual interest rate on your credit means there is a lot to be excited about with this card.

However, for larger businesses or those, who may be interested in spending more than $50,000 per year, this card may not be the best choice since the cash back rate drops to 1% after the cap is reached in that same year. Similarly, if travel rewards are required, this card isn’t ideally suited for that and a better card would be one that specifically earns travel benefits.

If the features and benefits of the American Express Blue Business Cash Credit Card meet your particular company’s needs, and you meet the credit requirements, then this card is definitely the right one to have.