The Blue Business Cash Card from American Express is a solid choice for small businesses and start-up companies that are looking for an easy way to maximize a cashback reward for their everyday expenses.
Unlike some rewards cards such as the American Express Business Platinum card, the Blue Business Cash card does not charge an annual fee. Nor does it have a minimum spending limit. However, it also does not come with the robust travel benefits available on those cards.
Still, users are getting a simple, easy-to-understand benefit of 2x the cashback on everyday purchases. And for many small businesses, this is the simplicity that they want when running their business.
How Do Users Earn Points?
One of the nicest benefits of the Blue Business Cash card is the simplicity of its cashback structure. Cardholders can earn 2x cashback per every dollar spent on the first $50,000 they spend in a calendar year. After that, they earn 1X Membership reward point per dollar spent.
While this may not seem like a lot when you compare it to some cards that offer 3% to 5% cashback, there is no tiered structure for the cashback. Users simply get 2% for every purchase they make. Over time that can add up.
What Other Member Benefits Are Included?
Cardholders have the opportunity to earn up to $300 back when they purchase from Dell, DocuSign or FedEx. Eligible purchases can earn a statement credit of up to $100 for eligible purchases from each retailer. Purchases must be made within the first three months of opening the account.
Business owners can designate an account manager to manage their account when they are unavailable. And up to 99 employee cards can be on a single account.
And when you cardholders use the card for travel they will get additional peace of mind benefits including car rental loss and damage insurance if an eligible rental is damaged or stolen. Some restrictions apply to access this benefit. Users will also have access to roadside assistance, baggage insurance, access to a Global Assist hotline, and travel accident insurance.
Cardholders can also enjoy purchase protection and extended warranty coverage.
Another benefit that some business owners find helpful is the ability to spend a limited amount above their credit limit. It can come in handy in an emergency. However, this extra amount is different for all cardholders and will depend on card use, payment, and credit history as well as the financial information that users provided on their application. And it can go up or down over time.
What is the Annual Percentage Rate (APR)?
Unlike some cards in the Amex universe, the Amex Blue Business Cash card is a credit card, not a charge card. This means it does carry a variable APR. However, new cardholders can enjoy an introductory 0% APR on purchases. This is for the first 12 months of opening the account. After that the rate is a variable APR that is currently between 13.24%-19.24%.
Do You Qualify?
The Amex Business Blue Business Cash card is for individuals with good to excellent credit defined as having a credit score between 690 and 850. The ability for some applicants with a credit rating in the high end of the good category is an advantage that other premium cards usually do not offer.
Does the Card Have Limitations?
The only limitation of the card is capping the ability to earn 2x the cash at $50,000. If you know you’re going to spend far more than that every year, there may be better options that ensure you can continue to maximize the cashback you can earn.
Also, some users may feel the automatic redemption of the cashback is a limitation if, for example, they were planning to save up cashback for specific redemptions. But most users appreciate the ease at which they collect their cashback reward.
Also, there is a 2.7% foreign transaction fee that some premium business cards do not charge. This is important to consider if a business is currently, or plans on, doing business internationally.
What Cards Are Similar to The Blue Business Plus Cash Card?
The Blue Business Plus Cash Card is almost identical to the Blue Business Plus Credit Card. The biggest difference is simple, but important. The Blue Business Plus Credit card gives users Membership Rewards points instead of cashback. The Merchandise Rewards points can be redeemed for such things as travel and gift cards.
Also if you do fall into the category of spending over $50,000 per year, and are willing to pay an annual fee, the Capital One Spark Miles for Business card may be a good alternative. It pays 2 miles per dollar on all purchases with no cap. And it offers a sign-up bonus.
The Blue Business Plus Cash card is an ideal card for many small businesses and those that are just getting started. It’s even a choice for some freelancers. The benefit of the card is in its simple cash back structure. And you get that without paying an annual fee and with a 0% APR for the first 12 months.
However, the card is not ideal for businesses that spend more than $50,000 per year, those that do international business, and/or those who prefer to get Membership Rewards.