Tag: sign up

The American Express SimplyCash credit card has become a popular ‘cash back’ credit card for small businesses over the past year.  The combination of great cash back categories, no annual fee, and a generous statement credit sign-up bonus is all a part of the hype.  However, there’s some news that anyone thinking about applying for the card should know:  the sign up bonus of $250 is ending April 28^th, 2014.

So, let’s go into the other benefits of the card to see if it’s a fit for your wallet!

Link: SimplyCash® Business Card from American Express

 Benefits

This card is a cash back card, so it has a few categories of spend that may save your business some money on its expenses!  First, you’ll receive 5% cash back level at all office supply stores, like Office Depot, a common stop for any business.  An added benefit with this cash back category is that you can load up on gift cards (the ones you see when you’re in line to pay for your items) and earn 5% back on those!

With the SimplyCash, you’ll also receive 5% cash back on wireless phone services (as long as it’s a US service provider).  All those cell phones you pay for in your business bringing you down?  This should help a bit!

One benefit that is unique to the American Express SimplyCash Business Credit Card is that you can receive 3% back on a category of your choosing.  This is huge for a small business, since you can find the section that racks up the most of your expenses and save three percent on every purchase in that category!

The 3% Category Options are:

As standard issue, it seems, across all major credit cards, you’ll receive 1% back on every other dollar spent on the credit card.  This may seem rather boring, but it certainly helps in a company with very thin margins (or struggling to get by like many small businesses).  One major caveat-  each of the “bonus” spend categories pegged at 5% and 3% are earned until you spend $25,000 in a calendar year, and then each category is turned into 1%. Cash back earned is automatically credited to your statement.

One nice bonus of the SimplyCash Business Credit Card is its introductory APR of 0% for the first nine months.  After that, you’ll receive an APR of 12.24%, 17.24%, or 19.24%, also based on credit worthiness.   Cash advances have an APR of 21.24%, and your penalty APR will be 27.24%.  Late fee is $35.

Terms and Limitations Apply.

Conclusion

This card’s limited time sign-up offer of $250 cash is a great deal for a small business, especially with it being a no annual fee credit card.  Maybe you can use it to incentivize employees, or fund that holiday party!  And, with their great cashback bonuses, like five percent at office supply stores and wireless phone bills, and three percent on a category of your choosing, the savings can really add up.

So, with the $250 cash bonus expiring on April 28^th, 2014, what are you waiting for?  Do you own a small business and want a credit card to help with your business spending?  Check out the American Express SimplyCash Credit Card today!

Here are the full bullets:

SimplyCash® Business Card from American Express

• Limited Time Offer: You can get a $250 statement credit after you spend $3,000 on qualifying purchases within the first 3 months of Card Membership.
• To be eligible for this offer, you must be approved by April 28, 2014.
• With no annual membership fee, it’s a smart choice for your business.
• 5% at U.S. office supply stores & on wireless telephone services purchased directly from U.S. service providers
• 3% on the category of your choice
• 1% on other purchases
• 5% and 3% apply to purchases up to $25,000 per rebate year then 1% thereafter. Cash back earned is automatically credited to your statement.
• Terms and limitations apply