The American Express SimplyCash Business Card is offered from American Express OPEN. OPEN Savings is a program that can help you get discounts from companies who partner with American Express.
You can apply for this card online or by calling a toll-free number. You should compare rates with other credit card companies if you are shopping around for a credit card. You should also see if the credit card companies offer a way for you to manage your account online.
It is always best to thoroughly terms and conditions before signing up for a credit card. Read through this American Express SimplyCash Business Card review and then be sure to do an online credit card comparison today!
SimplyCash Business Card Annual Percentage Rate
- 0.0% APR for the first 6 months or 12 months depending on your credit rating.
- After the first 6 or 12 months, your APR will be 13.24%, 15.24%, 17.24% based upon your credit rating. The APR will change depending on the Prime Rate.
- APR for cash advances is 21.24%.
- Penalty APR’s will apply if you start making late payments. If you make 2 late payments in 12 months, then your APR will be 19.24%. If you make 3 late payments in 12 months, your APR will be 27.24%.
American Express SimplyCash Fees
- There is no annual membership fee. There is no fee for additional cards.
- Cash advance fee can be either $5 dollars or 3% of the amount of the cash advance.
- Foreign transaction fee is 2.7% of each transaction after the conversion over to US dollars.
- Late payment fee is $19 dollars.
- If you go over your credit limit, your fee will be $35 dollars.
- If your payment is returned, then you will have to pay a fee of $38 dollars.
American Express SimplyCash Business Card Rewards
- 5% cash back on wireless services and office supplies.
- 3% cash back on gas purchases up to $12,000 dollars per year. 1% after that limit has been reached.
- There is no limit on the amount of cash back you can earn.
- Your cash back rewards will be automatically credited to your statement each month.
SimplyCash Business Credit Card Features
- You can save anywhere from 3% to 5% on business expenses from national companies.
- There are flexible payments which allow you to pay in full or spread out your payments.
- You will have insurance coverage that protects you when you travel.
- There is an online expense management tool that you can customize so you know how your company money is being spent.
SimplyCash Online Application
The American Express SimplyCash Business Card allows you to apply online and get additional cards for other people and you can set their spending limits.
You should compare annual percentage rates with other credit card companies before you decide to get an American Express SimplyCash Business Card. This card offers good cash back rewards, but the annual percentage rates are relatively high after the initial introductory period.
Make sure to compare all business credit cards and cash back credit cards with our free credit card finder today!
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