SimplyCash® Business Card from American Express OPEN
Quick Card Summary
- 5% cash back; Up to 10% discount at FedEx, Hertz®, OfficeMax®, Hyatt and more
- 0% intro on purchases for 6, 9 or 12 months
- No annual fee for main and additional cards
| Intro APR | Intro Applied To | Intro Period | Annual Fee | Rewards |
|---|---|---|---|---|
| 0% | Purchases | 6, 9 or 12 months | $0 | Yes |
Creditnet's Full Review
The SimplyCash® Business Card from American Express OPEN is one of the highest cash back business credit cards available for business owners. In addition to cash back on every single purchase, you'll also enjoy discounts on top of coupons and sales at some of your most frequented business establishments, like FedEx, OfficeMax®, Hyatt hotels, and more. Here are the details:
5% cash back on wireless services and office supplies. Charges by wireless telephone service providers, like AT&T and Sprint, will get you 5% cash back . You'll also earn 5% cash back when you shop at office supply specialty stores, like Staples and Office Depot. The 5% rebate is limited to the first $12,000 of eligible purchases in each of these categories each year. Any purchases above $12,000 will earn a rebate of 1%.
3% cash back on automobile gasoline. When you purchase gas for your automobile at stand-alone gas stations in the United States, you'll earn a cash back bonus of 3% on the first $12,000 per year. After the first $12,000 in gas purchases charged to your card, you'll still earn 1%. Also, any single transaction of over 75 gallons of gas will earn you 1% cash back.
1% cash back on all other eligible purchases. All other purchases that don't fall into the above categories or are over the $12,000 per year threshold will get you 1% cash back.
No limits or caps on cash back. Every dollar you charge to this card will earn you cash back. Whether you've charged $100 or $100,000 to this card, you'll still earn cash back.
Rebates are automatically credited to your monthly statement. No need to worry about expiration dates or keeping track of your accumulated rewards. You get to enjoy the benefits of this card every month in the form of a statement credit.
Automatic discounts on business expenses from FedEx, OfficeMax®, Hertz®, Hyatt Hotels and Resorts® and other popular businesses with OPEN Savings®. No enrollment needed to receive these discounts! You get them just because you're using the SimplyCash® Business Card from American Express OPEN. Discounts range anywhere from 3% to 10% and will automatically appear on your statement. These discounts are in addition to any other discounts you receive at the register. And, you'll still earn cash back on your purchases.
Pay no interest on purchases for 6, 9 or 12 months. Depending on your credit level, you could pay 0% APR on all purchases for up to a year. Just make sure you pay at least the minimum amount due by the payment due date to continue qualifying for this promotion. You will be notified after you apply how long your no interest promotion lasts.
No annual fee and no cost for additional cards. This business cash back rewards card carries no annual fee. And additional cards have no cost, too. Every one of your cards will earn you cash back.
Access online expense management tools. You'll easily be able to track spending using your online expense management tools. Monitor exactly where, when, how, and by whom (if you have additional no-cost cards) company dollars are spent using these completely customizable tools.
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Creditnet's Expert Rating & Review
Favorite Card Features: We like that you can receive 5% cash back on the first $12,000 you spend each year on wireless services, 5% on the first $12K you spend on office supplies, and 3% cash back on the first $12K of gas. After that, you still get 1% cash back on everything else. We also like the no interest period on purchases and that there are no annual fees with this card. OPEN Savings are also a bonus.
Least Favorite Features: No balance transfers on this card. Also, the full 12 month 0% period is only available to those with a good credit score. However, even if you don't have the best credit, you'll still pay no interest for at least 6 months.
Our Final Take: Cash is king for business owners, so who wouldn't like a credit card that gives you high cash back for the most common business expenses? We especially recommend this card if your business requires road travel so you can get 3% cash back on gasoline.
Wait, there's more...
Read our blog post on the SimplyCash® Business Card from American Express OPEN.
Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.
| Intro APR: | 0% | ||
| Intro Period: | 6, 9 or 12 months | ||
| Ongoing APR: | As low as 12.24% | ||
| Penalty APR: | 27.24% | ||
| Balance Transfers | Cash Advances | ||
|---|---|---|---|
| Intro APR✝ : | n/a | Intro APR✝ : | n/a |
| Intro Period: | n/a | Intro Period: | n/a |
| Ongoing APR: | n/a | Ongoing APR: | 21.24% |
| Penalty APR: | n/a | Penalty APR: | 27.24% |
| Transfer Fee: | n/a | Advance Fee: | 3% |
| Min. Transfer Fee: | n/a | Min. Advance Fee: | $5.00 |
| Max. Transfer Fee: | n/a | Max. Advance Fee: | n/a |
| ✝ Must initiate transfer: | n/a | ||
| Other Rates | Credit Line | Penalty Fees | |||
|---|---|---|---|---|---|
| Foreign Transaction Fee: |
n/a | Min: | n/a | Late Payment: | $19-$38 |
| Min. Interest Charge: | $0.00 | Max: | n/a | Over the Credit Limit: | n/a |
| Returned Payment | $35.00 | ||||
