\n<\/p>\n
American Express is launching a new card for business owners with simple cash back rewards on every business expense.<\/p>\n
Amex already offers a significant number of small business credit cards, designed for everything from\u00a0 luxe travel benefits to simple cash-back rewards. Now, you\u2019ll have the option to earn an unlimited 2% flat cash back and more using the American Express Graphite\u2122 Business Cash Unlimited Card.<\/p>\n
Annual fee<\/p>\n
$295<\/p>\n<\/li>\n
Welcome offer<\/p>\n
Earn $1,500 cash back in the form of Reward Dollars after spending $50,000 in purchases in the first 6 months (Reward Dollars can be redeemed as statement credits or at Amazon.com checkout)<\/p>\n<\/li>\n
Ongoing Purchases APR<\/p>\n
17.74% – 28.49% Variable<\/p>\n<\/li>\n<\/ul>\n
Rewards rate<\/p>\n
Benefits<\/p>\n
For its $295 annual fee (see rates & fees), you\u2019ll earn an unlimited 2% cash back on every purchase and a boosted 5% cash back on flights and prepaid hotel bookings through American Express Travel\u00ae.<\/p>\n
There\u2019s also a solid welcome offer for new cardmembers. After spending at least $50,000 within the first six months, you\u2019ll earn $1,500 bonus cash back. That\u2019s equal to about $8,333 per month \u2014 which requires some significant business spending after you open your card. But combined with bonus rewards can go a long way toward maximizing your first-year value.<\/p>\n
When you\u2019re ready to redeem the Rewards Dollars you earn, you can cash them in for statement credits toward your card or for Amazon.com purchases when you checkout on the site.<\/p>\n
The Amex Graphite Business Cash Unlimited doesn\u2019t have a ton of added benefits, but there are some tools you can use for your business. When you spend $250,000 in a calendar year, you\u2019ll unlock up to $2,400 in statement credits to use the following year on fees for One AP\u00ae, Amex\u2019s accounts payable automation platform (terms apply). You can also get additional cards for employees for $95 each, which earn the same rewards on spending.<\/p>\n
The new Amex Graphite Business Cash Unlimited Card is best for business owners with large annual budgets and variable expenses.<\/p>\n
Flat, 2% cash back on every purchase can be a great way to maximize business spending, especially if your expenses change each quarter or span a wide range of categories. It\u2019s also useful if you have very high spending some months but make fewer purchases in other months. The best benefit of a flat cash-back card is flexibility.<\/p>\n
But between the $295 annual fee and the very high minimum spend required to earn the welcome bonus, make sure your usual spending is high enough to maximize this card\u2019s value. That\u2019s easier with a large annual business budget. To offset the annual fee and earn $295 from 2% cash back, for example, you\u2019ll need to spend at least $14,750 annually.<\/p>\n
For businesses with large budgets, though, this card can be very useful.<\/p>\n
Many other cash-back business cards cap bonus rewards after a certain annual maximum. But with the Amex Graphite card, you can guarantee at least 2% cash back on every dollar you spend throughout the year. There\u2019s also no preset spending limit for your card account, so you\u2019ll have plenty of purchasing power if you need to make a large purchase for your business.<\/p>\n
Finally, you\u2019ll only unlock one of this card\u2019s biggest benefits \u2014 the $2,400 in statement credits for Amex\u2019s One AP platform, which helps you streamline payments to suppliers \u2014 when you spend at least $250,000 in a calendar year.<\/p>\n
Read more: <\/em><\/strong>How to get a business credit card<\/em><\/strong><\/p>\n These are a few more of our top business credit cards available today with great cash-back rewards and manageable annual fees.<\/p>\n Annual fee<\/p>\n $0<\/p>\n<\/li>\n Welcome offer<\/p>\n Earn a $250 statement credit after you make $3,000 in purchases on your card in your first 3 months<\/p>\n<\/li>\n Introductory Purchases APR<\/p>\n 0% on purchases for 12 months from date of account opening<\/p>\n<\/li>\n Ongoing Purchases APR<\/p>\n 16.74% – 26.74% Variable<\/p>\n<\/li>\n<\/ul>\n Rewards rate<\/p>\n Why we like it:<\/strong> The Amex Blue Business Cash Card is another 2% flat cash back option from American Express, but this card has no annual fee and limits your 2% rewards to the first $50,000 spent each calendar year. If you have a smaller business budget or you\u2019re a freelancer, this could be a better choice for earning flexible rewards on spending without a fee.<\/p>\n Read our full review of the American Express Blue Business Cash Card<\/em><\/strong><\/p>\n Annual fee<\/p>\n $150<\/p>\n<\/li>\n Welcome offer<\/p>\n Earn $2,000 cash back after spending $30,000 within the first 3 months, plus get an additional $2,000 cash bonus for every $500,000 spent during the first year<\/p>\n<\/li>\n<\/ul>\n Rewards rate<\/p>\n Benefits<\/p>\n Why we like it:<\/strong> The Capital One Spark Cash Plus offers an unlimited 2% cash back on every purchase for a lower $150 annual fee \u2014 which you can even get refunded if you spend more than $150,000 on your card in an anniversary year.<\/p>\n This card is also good for significant business spending, with no preset spending limit, a big cash bonus with a steep minimum spend, and a tiered welcome bonus that rewards you as you spend larger amounts using your card over your first year.<\/p>\n Read our full Capital One Spark Cash Plus review<\/em><\/strong><\/p>\n Annual fee<\/p>\n $0<\/p>\n<\/li>\n Welcome offer<\/p>\n Earn $750 bonus cash back after spending $6,000 in the first 3 months<\/p>\n<\/li>\n Introductory Purchases APR<\/p>\n 0% Intro APR on Purchases for 12 months<\/p>\n<\/li>\n Ongoing Purchases APR<\/p>\n 16.74% – 24.74% Variable<\/p>\n<\/li>\n<\/ul>\n Rewards rate<\/p>\n Benefits<\/p>\n Why we like it:<\/strong> Chase\u2019s Ink Business Cash card has a solid welcome bonus with a much smaller spending threshold for new cardholders. It\u2019s another no-annual-fee card with cash back, but rewards are focused across a few bonus categories.<\/p>\n Compare your most frequent purchases to see if you can earn more with 5% cash back (up to the first $25,000 spent) at office supply stores and internet, cable, and phone services as well as 2% cash back (up to the first $25,000 spent) at gas stations and restaurants, than you would using a flat cash back card.<\/p>\n Read our full review of the Ink Business Cash Credit Card<\/em><\/strong><\/p>\n Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank\u2019s website for the most current information. This site doesn’t include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.<\/em><\/p>\n<\/p><\/div>\n\n
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