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Blue Cash® for Business Credit Card Review
Issued by American Express
  
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Overall Rating:
Benefit Rating:
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The Blue Cash® for Business Credit Card, issued by American Express®, is designed for business owners with average credit who plan to take advantage of the cash back reward program.
The cash rebate amount varies according to where the cardholder makes their purchases. Cardholders earn a cash back rebate of up to 5% at "OPEN Savings" locations and up to 2.5% for all other general purchases. It is important to understand that once the annual spending exceeds $15,000, the rebate for additional "Open Savings" purchases is 2%, and the rebate for all other additional purchases is 1%. "OPEN Savings" locations include FedEx®, Hertz®, 1-800-FLOWERS.COM®, and more.
The card has a 0% introductory rate on purchases for six months, a 7.99% introductory rate on balance transfers made within the first six months of membership for the life of the loan, and no annual fee. In relation to other business reward cards, this card has a reasonable interest rate for purchases (for higher qualifying applicants).
Cardholders will also be able to take advantage of various services and benefits including purchase protection, travel accident insurance, and various travel and emergency assistance services.
Therefore, those who qualify for the lowest rate offered and plan to take advantage of the cash back reward program will benefit most from what the Blue Cash® for Business Credit Card has to offer.
The cash rebate amount varies according to where the cardholder makes their purchases. Cardholders earn a cash back rebate of up to 5% at "OPEN Savings" locations and up to 2.5% for all other general purchases. It is important to understand that once the annual spending exceeds $15,000, the rebate for additional "Open Savings" purchases is 2%, and the rebate for all other additional purchases is 1%. "OPEN Savings" locations include FedEx®, Hertz®, 1-800-FLOWERS.COM®, and more.
The card has a 0% introductory rate on purchases for six months, a 7.99% introductory rate on balance transfers made within the first six months of membership for the life of the loan, and no annual fee. In relation to other business reward cards, this card has a reasonable interest rate for purchases (for higher qualifying applicants).
Cardholders will also be able to take advantage of various services and benefits including purchase protection, travel accident insurance, and various travel and emergency assistance services.
Therefore, those who qualify for the lowest rate offered and plan to take advantage of the cash back reward program will benefit most from what the Blue Cash® for Business Credit Card has to offer.
Review Date: July 03, 2008
Note: The review on this card was updated on July 03, 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 6 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 six months. Introductory rate applies to purchases made using the card at physical locations. |
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Purchase APR:
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As low as Prime + 2.99% (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. |
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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 if balance is less than $400; $38 if balance is $400 or more |
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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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Cash rewards can be earned on purchases made by additional cardholders under the account. |
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Rebate Details:
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General purchases earn up to 2.5%; "Open Savings" purchases earn up to 5%; however, once the annual spending exceeds $15,000, the rebate for additional general purchases is 1%, and the rebate for additional "Open Savings" purchases is 2%. "Open Savings" p |
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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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| Cash back reward; no annual fee; no yearly limit on cash rebates. | |
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Least Attractive Feature(s):
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| Low rate not available to all applicants. | |
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Additional Features:
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| Various Internet account related services. Access to the OPEN Savings Network. Discounts on products and services at participating merchants and retailers. Extended warranty for purchases. Purchase protection. Travel accident insurance. Emergency card replacement. 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 2.99%, 4.99%, 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 Blue Cash® for Business Credit Card from American Express See other Business Credit Cards See other American Express Credit Cards |
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