The American Express Blue Business Cash™ Card is a business credit card that offers rewards to businesses of all sizes. It provides cash back on everyday purchases, and has no annual fee or foreign transaction fees. This review will discuss the features, benefits, drawbacks and overall value of this card in order to help potential customers make an informed decision about their choice of payment method.
The first section of this review will examine the features offered by the American Express Blue Business Cash™ Card, including its cash back reward program which allows business owners to earn up to 2% cash back on eligible purchases with no limit on how much they can earn. Additionally, it offers additional discounts when used at select merchants as well as exclusive access to special events and experiences. Furthermore, there is no annual fee attached and no foreign transaction fees so that businesses are not penalized for making international purchases.
The second part of this review will explore the benefits associated with using the American Express Blue Business Cash™ Card such as its ability to provide immediate savings through its cash-back rewards program and its ease of use due to being accepted anywhere American Express is accepted worldwide. Moreover, businesses also enjoy increased security thanks to its fraud protection measures. Finally, it also does not require any personal guarantee from a business owner’s personal finances should something go wrong with their purchase or if they were unable to pay their balance in full each month.
Overall, this review provides an overview of the features, benefits and drawbacks associated with using the American Express Blue Business Cash™ Card in order for businesses to make an educated decision about whether or not it meets their needs.
Overview
The American Express Blue Business Cash™ Card is a business credit card designed to provide businesses with rewards and cash back. It has no annual fee, offers two points on eligible purchases for the first $50,000 spent each year, and one point per dollar after that. The card also features 0% introductory APR on purchases for 12 months from account opening and other benefits such as access to special events, travel upgrades, purchase protection, extended warranty coverage and more. Additionally, customers can take advantage of an additional 5% cashback bonus when their cumulative spending reaches certain thresholds. This review will discuss the various features of this credit card in greater detail.
The American Express Blue Business Cash™ Card provides several unique benefits that make it attractive for small businesses. These include its high earning rate of 2x points on the first $50,000 spent annually; 1x points thereafter; up to 5% cashback bonus at certain spend levels; 0% introductory APR on purchases for 12 months; purchase protection; extended warranty coverage and access to exclusive events. In addition, there are no foreign transaction fees or balance transfer fees associated with this credit card making it ideal for international use.
Benefits And Features
The American Express Blue Business Cash™ Card offers several benefits and features that make it an ideal choice for businesses. Firstly, cardholders are rewarded with unlimited 2% cash back on all eligible business purchases up to USD $50,000 annually. Additionally, the card comes with 0% introductory APR on purchases for 12 months. Furthermore, there is no annual fee associated with this card so customers save money while enjoying rewards.
Another benefit of this card is the ability to access Amex Offers which allows cardholders to enjoy discounts from select retailers and brands when shopping online or in-store. Finally, customers can manage their expenses more easily with an array of digital tools such as expense tracking and budgeting software. This helps them keep track of spending limits and monitor where funds are going each month.
Eligibility Requirements
To apply for the American Express Blue Business Cash™ Card, applicants must meet certain eligibility requirements. Primary cardholders must be at least 18 years of age and legal residents of the United States with a valid Social Security number. Applicants are also required to have an active checking account that is in good standing with a U.S.-chartered bank or credit union. Additionally, additional cards may only be issued to individuals over 13 years old.
In addition to these basic criteria, American Express reserves the right to approve or decline applications based on their own standards; this includes verifying income information provided by the applicant and other factors associated with one’s financial status. Furthermore, applicants must not currently have any existing cards within the same family as the American Express Blue Business Cash™ Card. It is important to note that American Express may request further documentation or information prior to approving an application.
Fees And Interest Rates
The American Express Blue Business Cash™ Card has no annual fee. Interest rates for purchases and balance transfers are variable, with a range of 14.74% to 24.74%. A penalty APR of 29.99% will be applied if cardholders fail to make payments on time or violate the terms of their Agreement. Cash advances have an interest rate of 26.49%. Balance transfer fees are 3%, minimum $5, while cash advance fees are either 4%, minimum $10, or 5%, maximum $10 (whichever is greater). There may also be foreign transaction fees depending on the country where the purchase was made, ranging from 0%-2.7%. Lastly, late payment fees can reach up to $40 depending on the amount due at the time of delinquency.
It should be noted that when paying off an existing balance after transferring it onto this credit card, users must pay at least 2% of the outstanding balance each month in order to avoid additional fees and higher interest rates. Furthermore, there is no grace period on cash advances so they start accruing interest immediately upon taking out such a loan; additionally, past-due balances cannot be paid through online banking services but must instead be done via check or money order sent by mail.
Pros And Cons
The American Express Blue Business Cash™ Card offers a number of advantages to business owners. With no annual fee, it is an economical choice for those who want to earn rewards without having to pay much out of pocket. It also has low foreign transaction fees which can be helpful for businesses that make international purchases. Additionally, the card’s earning structure allows users to receive 2% back on all eligible purchases up to $50,000 per year and 1% thereafter. This makes it a great option for companies looking to maximize their rewards intake.
On the other hand, there are some drawbacks associated with this credit card as well. The most notable being its limited redemption options; cashback points can only be redeemed in statement credits or direct deposits into bank accounts that have been linked with the cardholder’s account. Furthermore, while the bonus categories are broad enough that many businesses may benefit from them, they could still lack appeal depending on what type of expenses a company regularly incurs.
Alternatives
Moving onto alternatives to the American Express Blue Business Cash™ Card, one should consider their individual needs when considering which card is best for them.
The first alternative to the American Express Blue Business Cash™ Card is a rewards credit card. With a rewards credit card, you can earn points or cash back on purchases. This type of credit card may be beneficial if you are looking to receive additional discounts and savings on everyday purchases.
Here are some key features of this type of credit card:
- Earns reward points or cashback on eligible purchases
- Redeemable at any participating retailer
- Offers special bonuses such as airline miles and hotel stays
- Many cards feature no annual fee
Another option that business owners might want to consider is an installment loan. These loans allow borrowers to spread out payments over several months with fixed payment due dates each month in order to pay off large expenses over time rather than all at once.
Some benefits of taking out an installment loan include:
- Lower interest rates compared to other types of unsecured debt
- Flexible repayment plans tailored to your budget
- Ability to access funds quickly without having to wait until after approval from traditional lenders like banks
It’s important for business owners to research different cards before making a decision so they can find the right fit for their needs and lifestyle. Researching the various features associated with each type of card will help ensure that you get the most value out of it while also avoiding unnecessary fees and charges down the line.
Conclusion
The American Express Blue Business Cash Card provides a wide range of benefits and features that can help businesses, entrepreneurs and freelancers maximize their spending while saving money. With no annual fee and cash back rewards of up to 2% on all purchases, the card is highly attractive to those looking for an easy way to manage business expenses. Furthermore, its eligibility requirements are simple and straightforward, allowing users with good or excellent credit scores to gain access to these benefits easily. Additionally, the fees associated with this product are relatively low in comparison to other cards on the market and interest rates remain competitive.
Overall, the American Express Blue Business Cash Card is a great choice for individuals looking for convenience when it comes to managing business finances. From cashback rewards to flexibility with regards to payments, the product offers significant advantages over similar products available on the market. However, some may find that certain restrictions such as lower limits or stricter eligibility requirements makes them hesitant about applying for this particular product. For those who don’t qualify for this card but still need assistance managing their business finances there are numerous alternatives available including zero-interest balance transfers or flat rate cards which offer more competitive rates than traditional credit cards.