American Express has launched a new business credit card called ‘Blue Business Cash‘. Let’s take a look at this new card in this mini review.
Card Basics
- Card earns 2% cash back on all purchases for the first $50,000 in spend every year, then 1% cash back on all purchases
- No annual fee
- No sign up bonus
- 0% introductory APR on purchases and balance transfers for 12 months
Our Thoughts
If this cards structure looks familiar, it’s because it’s basically a carbon copy of the Blue Business Plus. The only difference is that card earns 2x Membership Rewards points on the first $50,000 in spend, rather than 2% in cash. This new cash card isn’t very appealing, due to the pure fact that there are a lot of cards that earn 2% cash back on all purchases (or more) with no caps. Often when cards are initially released there is no sign up bonus, but typically we see a launch bonus shortly after (usually from affiliate links). I’m hopeful that we will see a bonus of $200-$250 with a relatively low minimum spend requirement, but a bonus of only $150 is also bonus. Because of American Express’ one bonus per lifetime this card could be worth considering if it ever gets a sign up bonus for people that have already received the sign up bonus on the more generous cards.
Hat tip to reader Yet Another Redditor
Update: they apparently discontinued the SimplyCash 5% card as part of the launch of this new card.
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