Review of the American Express Blue Cash for Business

The American Express Blue Cash for Business Card was last reviewed on 24th June 2006

american express blue cash for business
Summary - The American Express Blue Cash for Business Card will appeal to the small business owner who wants to earn cash rebates on their business purchases. Certain business purchases qualify for a 5% rebate. The card has no annual fee and also allows a business to earn unlimited cash rebates. Let's explore this card in greater detail.

Cash Rebate Formula - The American Express Blue Cash Card for Business lets you earn 5% rebate on purchases with OPEN Saving merchants, which include AT&T;, Fedex and Staple. You can earn 2.5% rebate on other purchases. You earn rebates at these rates as long as your expenditure on the credit card is $15,000 or less. Once your spending exceeds $15,000, you will earn rebates at a rate of 2% for OPEN Savings purchases and 1% for other purchases. You can earn unlimited rebates and rebates are credited once a year every February to your statement.

Fees and APR - There is no annual fee or additional card fee. There is a 0% APR on purchases for 6 months and a fixed 7.99% APR on balance transfer for the life of the transfer if it is transferred within 6 months. The apr ranges from prime rate plus 2.99%, 4.99%, 6.99% or 9.99%. The average daily balance method is used to calculate monthly balances and the grace period is 25 days.

Credit Lines - Cardholders are given a credit line of up to $50,000.

Other Benefits - The American Express Blue Cash Business Credit Card also gives cardholders the following benefits.

1. Purchase Protection Plan - under this plan, you can return any purchase you make if it is accidentically damaged within 90 days.

2. Travel Insurance - American Express provides accidental travel insurance for all cardholders.

3. Online Management - You can manage your account with Summary of Accounts and track charges with Expense Management Reports.

4. Online Business Community - Allows you to chat, pose questions, get insights from other small business owners, and attract new business.

5. Seek Business Advice - You can ask an expert a question, use an online tool, and read articles by other business owners.

Verdict - We recommend the American Express Blue Cash for Business Credit Card to the small business owner who is looking for a cash rebate card. Aside from being able to earn 5% rebates for certain business items, what sets this card apart from other cash back cards is that you can earn 2.5% rebates on other purchases" when you annual spending is less than $15,000. This is the only cash back card (personal or business) that pays a 2.5% cash rebate for "other purchase category".

  • Earn unlimited cash rebates
  • No annual fee
  • 0% apr on purchases for 6 months
  • No additional card for up to 2 cards.
  • 25 days of grace period

American Express Blue Cash for Business Credit Card
Reward Benefits
Cash Rebate Formula For spending up to $15,000, earn 5% rebates on purchases with OPENSAVINGs merchants and earn 2.5% rebates on "other purchases"
For spending above $15,000, earn 2% and 1% rebates respectively
Cost/Fees/Interest rates
Introductory rate 0% apr on purchases for 6 months
7.99% on balance transfer for life
Annual Fee No annual fee
Purchase APR Prime Rate plus 2.99%, 4.99%, 6.99% or 9.99%
Cash Advance APR Prime Rate plus 14.99%
Penalty/Default Rate APR Prime Rate plus 12.99% or 21.99%
Min Finance Charge $0.50
Grace Period 25 days
Balance Calculation Method Average Daily Balance (including new purchases)
Balance Transfer Fee No balance transfer fee during introductory offer
Cash Advance fee 3%, min $5.00
Over-the-credit-limit fee $35.00
Late Payment fee $15.00 - less than $100
$29.00 - between $100.00 to $1000.00
$35.00 - greater than $1000.00

Apply for the American Express Blue Cash for Business Credit Card

If you already have the American Express Blue Cash for Business Credit card, we would appreciate if you can spend some time commenting on this card as this will help our readers in making better informed credit card decisions and choices. You can post your review here.

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