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SimplyCash® Business Card from American Express Review
Issued by American Express
  
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Overall Rating:
Benefit Rating:
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The SimplyCash® Business Card from American Express is designed for those with very good credit and who plan to take advantage of the cash back reward program.
Cardholders have access to the cash back reward program for no additional fee. Through the reward program, cardholders earn a 4% rebate on office supplies and wireless servcies (certain restrictions apply), a 3% rebate on automobile gas, and they earn a 1% rebate on all other purchases. Rebates are automatically credited to the cardholder's statement each month, and there is no limit to the amount of cash back that can be earned.
The card has no annual fee, and it has a very low interest rate for purchases and balance transfers. Cardholders can also take advantage of the 0% introductory rate on purchases for up to twelve months and the 7.99% introductory rate on balance transfers for the life of the loan on balance transfers submitted during the first six months.
As with all business credit cards issued by American Express®, cardholders will be able to take advantage of various additional services and benefits. Some of the benefits include travel accident insurance, purchase protection, and special discounts from select retailers.
Therefore, those who plan to make qualified purchases to receive the 5% rebate, would like the option to carry a balance, and will take advantage of the introductory offers will benefit most from what the SimplyCash® Business Card from American Express has to offer.
Cardholders have access to the cash back reward program for no additional fee. Through the reward program, cardholders earn a 4% rebate on office supplies and wireless servcies (certain restrictions apply), a 3% rebate on automobile gas, and they earn a 1% rebate on all other purchases. Rebates are automatically credited to the cardholder's statement each month, and there is no limit to the amount of cash back that can be earned.
The card has no annual fee, and it has a very low interest rate for purchases and balance transfers. Cardholders can also take advantage of the 0% introductory rate on purchases for up to twelve months and the 7.99% introductory rate on balance transfers for the life of the loan on balance transfers submitted during the first six months.
As with all business credit cards issued by American Express®, cardholders will be able to take advantage of various additional services and benefits. Some of the benefits include travel accident insurance, purchase protection, and special discounts from select retailers.
Therefore, those who plan to make qualified purchases to receive the 5% rebate, would like the option to carry a balance, and will take advantage of the introductory offers will benefit most from what the SimplyCash® Business Card from American Express has to offer.
Review Date: October 02, 2008
Note: The review on this card was updated on October 02, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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0% APR for Up to 12 Months |
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Intro Applied Towards:
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Purchases |
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Additional Intro Details:
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A 7.99% introductory rate is available on balance transfers for the life of the loan if a transfer is submitted during the first 6 months. |
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Purchase APR:
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As low as Prime + 0% (Variable) The APR for purchases is based on the Prime Rate. |
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Cash APR:
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19.99% (Variable) The APR for cash advances is based on the Prime Rate. There is a minimum APR on cash advances. |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Additional Cardholders:
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$0 |
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Grace Period:
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25 Days |
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Late Payment Fee:
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$19 on balances up to $400 and $38 on balances of $400 and over |
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Over the Limit Fee:
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$35 |
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Cash Advance Fee:
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3%, $5 minimum for Express Cash transactions |
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Balance Transfer Fee:
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There is no balance transfer fee associated with this offer. However, future balance transfers may incur a fee as disclosed at the time of the applicable transaction. |
| Credit Card Reward Program Details (Rebate) | |
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Rebate Minimum:
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1% |
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Rebate Maximum:
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5% |
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Additional Rebates:
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Cardholders earn a 5% rebate on office supplies and wireless services (in each case not purchased at a warehouse club, superstore, or supermarket), 3% on automobile gas purchases of up to $12,000 per year; 1% thereafter, and they will earn a 1% rebate on |
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Rebate Details:
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The rebate will be automatically credited to the statement each month. |
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Expiration:
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None |
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Yearly Limit:
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None |
| Features | |
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Most Attractive Feature(s):
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| No annual fee; unlimited cash back; 0% introductory rate. | |
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Least Attractive Feature(s):
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| Restrictions apply to which purchases receive the 5% rebate; not all applicants may qualify for the lowest rate offered. | |
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Additional Features:
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| Various Internet account related services. Access to OPEN: The Small Business Network services. Discounts on products and services at participating merchants and retailers. Purchase protection. Travel accident insurance. Emergency card replacement. Emergency check-in service. Various travel and emergency assistance services. See website for additional benefits. |
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Important Notations
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| The APR for purchases varies according to the applicant's credit history and will be 0.00%, 3.99%, 6.99%, or 9.99% + Prime Rate. See website for complete terms and conditions of card usage and application disclosure. | |
| Additional Information | |
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Apply Online for the SimplyCash® Business Card from American Express from American Express See other Business Credit Cards See other American Express Credit Cards |
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