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American Express SimplyCash Business Credit Card Reviews & Info

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Contact Information

  • Telephone: 1-800-519-6736
  • E-Mail: Online chat available on the card’s main homepage
  • Mailing Address: American Express P.O.Box 981540 El Paso, TX 79998-1540

The American Express SimplyCash Business Credit Card issued by the American Express Centurion Bank is a great option for small businesses and startup companies. The card offers many cash back benefits (5% for purchases at U.S. office supply stores and on U.S. wireless telephone services, 3% on a chosen service from a list of eight categories available, as well as 1% cash back on all other purchases).

Card Information

Rewards

5% cash back at U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers
3% cash back on a category of your choice from a list of eight categories available including airfares, hotel reservations, U.S. gas stations and more.
1% cash back on all other purchases.

Signup Bonus

No introductory APR on purchases for the first 9 months.

Annual Fee

None

Cash Advance APR

21.99% variable according to Prime Rate.

Late Payment Fee

Up to $38

Purchases APR

12.49%, 17.49% or 19.49%, based on the client’s creditworthiness

CreditSpot Icon CreditSpot's CardScore Submit Review
90

Pros and Cons

Pros

+ No annual fee
+ No introductory APR
+ Cash back rewards

Cons

- High interest rates after the introductory period
- High late payment fee
- More cash back only on selected purchases

4 Reviews

American Express SimplyCash Business Credit Card Overall rating: ★★★★★ 4.5 based on 4 reviews
5 1

Ella

★★★★★
5 5 1
American Express Simply Cash Business credit card is one of the best out there for anyone who is looking to start a business or who is starting one up. This is mostly because of the cash back rewards that are offered as an ascentive. Any time you make a purchase in an office supply store within the United States, you’re given five percent cash back. From a list of categories, you can choose you can get up to three percent cash back and everything else earns you at least one percent cash back. You also don’t have any annuals fees which is super helpful for those who are just starting out with their business. As a sign on bonus you don’t have to worry about any interest occurring for the beginning nine months that you’re a member. The only thing I’m not a huge fan of with this card is the interest that does occur after the initial nine months. Both the cash advance that comes with an interest rate as well as the regular interest rate are both kind of high. Of course, what you’ll be paying in interest will depending on your credit score. Obviously, the worse your credit score the higher you’ll be paying in interest and the better the score the lower the rate. However, regardless of credit score some of these interest rates are steep.

Not bad

★★★☆☆
3 5 1
In my opinion this card is quite average. Since I’ve seen indeed worse options, I would give this one an honest 3 stars taking into consideration that as a business credit card it does not include any annual fee and has some good cash back advantages.

An amazing card

★★★★★
5 5 1
This is a great card with many opportunities for my small enterprise. We can get cash back on any of our everyday service needs.

Certainly one of the best available

★★★★★
5 5 1
A perfect card, especially in the introductory period, where interest is zero and you get great bonuses. In my experience as holder of many other cards, this one gives what it promises so far.
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