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Apply online for SimplyCash® Plus Business Credit Card from American ExpressSponsored card
About Our Ratings
Credit Needed
Excellent, Good

SimplyCash® Plus Business Credit Card from American Express Review

Pros & Cons

  • With the SimplyCash® Plus Business Credit Card from American Express, you get to choose where you'll earn 3 percent cash back from a list of categories commonly needed among small business owners. It's one reason it's the 2017 CardRatings Editor's Choice Award winner for Best No-Annual-Fee Business Card.
  • You can earn up to 5 percent or 3 percent cash back, depending on the category of purchase, on up to $50,000 in spending each year.
  • Cardholders can spend above their credit limit without incurring an "over-limit" fee, and they get to earn rewards on that overage.
  • There isn't an annual fee to carry the SimplyCash® Plus Business Card from American Express, but there is a foreign transaction fee. If your business takes you overseas, you'll want to look at other card options.

Top Features

Cashback on Gas
3% on the category of your choice from a list of eight
Cashback on groceries
1% on other purchases
Cashback on other
5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
Annual Fee
$0

Full Review

Amber Stubbs Managing Editor

SimplyCash® Plus Business Credit Card from American Express Essentials

American Express (American Express is a Cardratings advertiser) has forged its brand identity on catering to small businesses, with services like American Express OPEN and its accompanying OPEN Forum® filled with advice, tips and tricks for entrepreneurs.

The SimplyCash® Plus Business Credit Card from American Express, a cash back business card, extends this offering. The card allows small business owners to get money back for every dollar they spend, with varying levels of cash back based on the category. You get rewarded for your spending, so it's essentially another type of business deduction.

SimplyCash® Plus Business Credit Card from American Express best features:

  • Recently earned a 2017 CardRatings Editor's Choice Award for Best No-Annual-Fee Business Card as well as a spot on Money® Magazine's list of "Best Credit Cards 2016-2017"
  • No annual fee
  • No annual membership fee
  • 0 percent APR for 9 months
  • 5 percent cash back at U.S. office supply stores and on wireless phone service
  • 3 percent cash back on a category of your choosing, including airfare, hotels, restaurants and shipping
  • 1 percent cash back on all other purchases
  • Purchase protection, roadside assistance, travel accident insurance, car rental loss and damage insurance
What Our Editors Like Most About the SimplyCash® Plus Business Credit Card from American Express

As its name implies, the SimplyCash® Plus credit card's rewards system is pretty straightforward: Get 5 percent cash back on office supplies and wireless phone services and 3 percent cash back on a category of your choice. The two categories for 5 percent cash back are typically the largest business expense, so entrepreneurs with an office or remote-based business can offset a significant part of their overhead.

Cardholders can also earn 3 percent cash back on up to $50,000 spent in a category of their choice each year. The category options include airfare, hotel stays, car rentals from select companies, purchases at U.S. gas stations, restaurants, advertising, shipping and computer-related purchases, a category American Express® recently added. New cardholders select their category within two months of opening becoming card members and then can change that category during an annual selection period each year.

There's also cash back to be earned in the form of statement credits of up to $500 for a limited time offer from now until January 25, 2017. Spending $5,000 on eligible purchases within the first six months of card membership will get you a $250 statement credit. But, if you churn out an additional $10,000 on purchases within the first year of membership, you'll get one more $250 statement credit. That's quite a lot you can earn back in statement credits so be sure to take advantage of it before this deal expires.

With the SimplyCash® Plus Business Credit Card from American Express, you also get access to American Express® Open benefits, such as access to Open Forum®; Receipt Match, a feature that lets you upload business receipts and track transactions; and OPEN Savings®, which provides additional membership rewards points for every dollar spent or a 5 percent discount statement credit for eligible purchases made at participating businesses (Hertz, HP and Fedex are among them).

One of the best features of the SimplyCash® Plus credit card is that cardholders can spend above their credit limit and get cash back on these purchases. There's no overlimit fee, but you do have to pay the amount you've charged above your credit limit in full each month. Also keep in mind that American Express® will adjust the amount you can spend above your credit limit based on your card use, payment history and credit record.

Potential Downsides

Spending limits: With the SimplyCash® Plus Business Credit Card from American Express, you only get 5 percent and 3 percent cash back on your first $50,000 in purchases. After that, the rate is 1 percent. This is a drawback for mid-sized businesses that spend above this threshold and want to maximize their rewards.

Category selection: Read the fine print and you'll see that there's not as much flexibility with category selection. For the 3 percent rebate category, you must choose from the previously mentioned list and make your selection within the first two months of opening your account. Plus, you can only change your selection once in a calendar year. If you forget to make a selection, the 3 percent rebate will be applied to gas purchases -- not useful if you operate a home-based business that requires minimal travel.

Short intro APR offer: At nine months, the 0 percent APR offer term is shorter than other credit cards, which offer 12, 15 or 18-month terms.

Foreign transaction fee: The foreign transaction is fee is 2.7 percent - not optimal if you travel a lot internationally for business. In this case, a business card with an intro offer that waives this fee for a specified period or one that doesn't have this fee at all, like the Ink Plus® Business Credit Card may be better.

How SimplyCash® Plus Business Credit Card from American Express Compares to Other Business Cards

SimplyCash® Plus Business Credit Card from American Express vs. Ink Business Preferred℠ Credit Card.

Ink Business Preferred℠ Credit Card has a better intro offer, through which you can earn 80,000 bonus points. And Chase Ink Business PreferredSM cardholders can earn 3 points per $1 in several business categories, including shipping, some online advertising, travel and more, up to $150,000 in combined spending each calendar year, giving it a slight edge. Unlike SimplyCash® Plus, Chase Ink Business PreferredSM has an annual fee of $95 and a $0 foreign transaction fee, making it the better option for international business travelers.

SimplyCash® Plus Business Credit Card from American Express vs. Bank of America® Cash Rewards for Business MasterCard® credit card.

When it comes to rewards, SimplyCash® Plus is slightly better since the Bank of America® Cash Rewards for Business MasterCard® credit card only lets cardholders earn up to 3 percent cash back on business purchases. These categories include office supplies and gas, but not wireless phone service like SimplyCash® Plus. With the Bank of America® Cash Rewards for Business MasterCard® credit card, you can earn a $200 statement credit after your first $500 in purchases in the first 60 days as compared to a $250 statement credit for spending $5,000 within the first six months on the SimplyCash® Plus. Other benefits are comparable to the SimplyCash® Plus: no annual fee and a 0 percent APR for nine billing cycles (nine months with SimplyCash® Plus). If you want more rewards and more flexibility, choose the SimplyCash® Plus card.

Who Should Get This Card?

Business owners who spend under $50,000 a year on office supplies, associated services and domestic travel. If you often travel internationally for business, this card is a no-go since foreign transaction fees will eat into your rewards.

This card compared to other cash back cards

Cashback on Gas
3% on the category of your choice from a list of eight
3% at U.S. gas stations
2% at U.S. gas stations
Cashback on Groceries
1% on other purchases
6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
3% at U.S. supermarkets on up to $6,000 per year in purchases
Cashback on other
5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
1% other purchases. Terms and limitations apply.
1% other purchases. Terms and limitations apply.
Purchase Intro
APR:
0% on Purchases for 9 months
Period:
APR:
0% on Purchases
Period:
for 12 months
APR:
0% on Purchases
Period:
for 12 months
Purchase APR
12.74% - 19.74% (Variable)
13.49%-23.49% Variable 
13.49%-23.49% Variable 
CardRatings.com Editorial Staff

SimplyCash® Plus Business Credit Card from American Express details

Cashback on Gas
3% on the category of your choice from a list of eight
Cashback on groceries
1% on other purchases
Cashback on other
5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
Purchase Intro
APR:
0% on Purchases for 9 months
Period:
Purchase APR
12.74% - 19.74% (Variable)
Annual Fee
$0

What American Express says about this card

  • For a limited time, earn even more cash back: Earn up to $500 cash back as statement credits.
  • Earn a $250 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $250 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership. Offer Expires 01/25/2017.
  • No Annual Fee. Plus, more buying power and more cash back.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply

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Featured offers
Currently available on the SimplyCash® Plus Business Credit Card from American Express
$500 cash back as statement credits,
$250 after you spend $5,000 in qualifying purchases within the first 6 months of Card Membership. Plus, an additional $250 after you spend an additional $10,000 or more purchases on your Card within the first year of Card Membership. Offer Expires 01/25/2017.

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Apply online for Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

  • Earn $150 back after you spend $1,000 in purchases on your new Card in your first 3 months.
  • Everyday Cash Back: 6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 3% at U.S. gas stations; 1% other purchases. Terms and limitations apply.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only earn cash back on eligible purchases.
  • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.49% to 23.49%, based on your creditworthiness and other factors.
  • Terms Apply.
Credit Needed:
Excellent, Good
Apply online for Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

  • Earn $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive cash back in the form of statement credits.
  • Earn Cash Back: 3% at U.S. supermarkets on up to $6,000 per year in purchases, 2% at U.S. gas stations & select U.S. dept stores, 1% on other purchases. Terms and limitations apply.
  • Simple and straightforward: With the Blue Cash Everyday Card, you can start earning cash back.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Cash back is earned only on eligible purchases.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.49% to 23.49%, based on your creditworthiness and other factors.
  • Terms and Conditions apply.
Credit Needed:
Excellent, Good