The Blue Business Cash Card from American Express is a compelling option for small business owners seeking straightforward cash-back rewards without the complexity of rotating categories. Issued by American Express and operating on the Amex network, this card is tailored for entrepreneurs and small business operators who prefer simplicity and value in their financial tools.
In this comprehensive review, we’ll delve into the key features, benefits, potential drawbacks, and the application process for the card, providing you with all the information needed to determine if it’s the right fit for your business needs.
Main features of the Blue Business Cash Card
The Blue Business Cash Card is a no-annual-fee credit card that offers a flat-rate cash-back structure. Cardholders earn 2% cash back on all eligible purchases up to $50,000 per calendar year; after reaching this threshold, the cash-back rate drops to 1%. The cash back is automatically credited to your statement, simplifying the rewards process.
This card operates on the American Express network, which is widely accepted across the United States. The absence of an annual fee makes it an attractive option for businesses looking to maximize rewards without incurring additional costs.
Approval requirements
To be eligible for the Blue Business Cash Card, applicants typically need a good to excellent credit score, generally considered to be 670 or higher. American Express will assess your creditworthiness, business income, and financial history during the application process. While specific income requirements aren’t publicly disclosed, a stable and sufficient income will enhance your approval chances.
Benefits of the Blue Business Cash Card
One of the standout features of the Blue Business Cash Card is its simplicity in earning rewards. The 2% cash back on all eligible purchases up to $50,000 annually allows businesses to earn rewards without tracking specific categories. After reaching the $50,000 threshold, purchases continue to earn 1% cash back. The automatic statement credit redemption adds to the card’s user-friendly nature.
Additional benefits include free employee cards, enabling you to manage and monitor employee spending while earning rewards on their purchases. The card also offers purchase protection and extended warranty coverage on eligible purchases, providing added security for your business transactions.
Exclusive highlight
A unique feature of the card is the Expanded Buying Power option. This allows cardholders to spend beyond their credit limit, with the amount determined by factors such as payment history, credit record, and financial resources. This flexibility can be invaluable for handling unexpected expenses or seizing business opportunities that require additional capital.
Disadvantages and considerations of the Blue Business Cash Card
While the Blue Business Cash Card offers numerous benefits, there are some limitations to consider. The 2% cash-back rate applies only to the first $50,000 in eligible purchases each year; spending beyond this cap earns just 1% cash back. Businesses with higher annual expenditures may find other cards with higher or unlimited rewards more suitable.
Additionally, the card imposes a 2.7% foreign transaction fee on purchases made outside the United States. For businesses that frequently engage in international transactions, this fee can add up, making the card less ideal for global spending.
Application process
Applying for the card is straightforward. You can apply online through the American Express website or by phone. The application will require information about your business, such as legal name, address, and tax identification number, as well as personal information like your Social Security number and income details.
Once submitted, American Express typically provides a decision within minutes. If approved, you can expect to receive your card by mail within 7 to 10 business days. It’s important to review the card’s terms and conditions carefully before applying to ensure it aligns with your business needs.
