How to Maximize Rewards With the American Express Blue Business Cash Card?
Cardholders can get 2% cash back on all eligible purchases for the first $50,000 spent annually, then 1%. Cash back bonuses are automatically credited to the customer’s billing statement.
What Is the American Express Blue Business Cash Card’s APR?
The American Express Blue Business Cash Card has a 0% introductory APR on purchases for the first 12 months the account is open. After that, it has a variable 13.24% – 21.24% Variable APR, which is based on creditworthiness and other factors.
What Are the Fees Associated With the American Express Blue Business Cash Card?
- Annual fee: This card does not have an annual fee.
- Balance transfer fee: The American Express Blue Business Cash Card has a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
- Foreign transaction fee: This card has a foreign transaction fee of 2.7% of each transaction after conversion to U.S. dollars. Nearly 40% of all credit cards don’t have a foreign transaction fee, according to a 2019 U.S. News study.
- Late payment fee: The American Express Blue Business Cash Card late payment fee can be up to $39.
- Returned payment fee: This returned payment fee for this card is $39.
- Over-limit fee: The American Express Blue Business Cash Card does not have an over-limit fee.
Comparisons With Other Cards
Annual fee: Neither card has an annual fee.
Rewards: The American Express Blue Business Cash Card earns 2% cash back on all eligible purchases for the first $50,000 spent annually, then 1% after that. The Ink Business Cash Credit Card lets users earn 5% cash back on the first $25,000 spent annually in combined purchases at office supply stores and on internet, cable and phone services; 2% cash back on the first $25,000 spent annually in combined purchases at gas stations and restaurants; and 1% cash back on all other purchases.
Welcome offer: The American Express Blue Business Cash Card earns a Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months. The Ink Business Cash Credit Card gives users a $750 cash back bonus after spending $7,500 on purchases in the first 3 months from account opening.
Benefits: The American Express Blue Business Cash Card has benefits including purchase protection, car rental loss and damage insurance, extended warranty coverage, and a Global Assist hotline. The Ink Business Cash Credit Card gives cardholders benefits including travel and emergency assistance services, roadside dispatch, purchase protection and an auto rental collision damage waiver.
Annual fee: Neither card has an annual fee.
Rewards: The American Express Blue Business Cash Card earns 2% cash back on all eligible purchases for the first $50,000 spent annually, then 1% after that. The Bank of America Customized Cash Rewards credit card earns 3% cash back in the cardholder’s category of choice, 2% cash back at grocery stores and wholesale clubs on the first $2,500 in combined purchases each quarter, and 1% cash back on all other purchases. Options for the 3% bonus category are gas, online shopping, drugstores, home improvement and furnishings, dining, or travel.
Welcome offer: The American Express Blue Business Cash Card earns a Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months. The Bank of America Customized Cash Rewards credit card offers a $200 online cash bonus if the cardholder spends at least online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
Benefits: The American Express Blue Business Cash Card has benefits including purchase protection, car rental loss and damage insurance, extended warranty coverage, and a Global Assist hotline. The Bank of America Customized Cash Rewards credit card has benefits including free monthly FICO score access, fraud monitoring, $0 liability for fraudulent transactions and overdraft protection when an eligible Bank of America checking account is linked to the card.
Should You Get the American Express Blue Business Cash Card?
- Are looking for a business rewards card with no annual fee.
- Plan to take advantage of the 0% introductory APR on purchases during the first 12 months the account is open.
- Don’t intend to use it for purchases outside the U.S.
For rates and fees of the American Express Blue Business Cash Card, please click here.
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