Amex Blue Business Cash Card Basics For January 2021
The American Express Blue Business Cash™ Card is a credit card that has no annual fee and offers a solid cash back rewards structure. Let’s take a closer look at the details:
Blue Business Cash Welcome Bonus: N/A
Currently, the Blue Business Cash isn’t offering a bonus for new cardmembers.
Blue Business Cash 2% Cash Back
The Blue Business Cash offers 2% cash back on the first $50,000 spent on eligible purchases every calendar year. After that, you receive 1% cash back.
The cash back you earn is automatically credited to your statement.
Blue Business Cash No Annual Fee
Blue Business Cash 0% Intro APR
The Blue Business Cash offers 0% intro APR on purchases for 12 months. After that, your APR will be a variable rate (currently in the range of 13.24% – 19.24%) (Rates & Fees).
I know that this is something that some businesses don’t care at all about, while others value this perk immensely. If you do take advantage of this, just make sure that you can pay back the full amount within the 12 months, so you’re not subjected to the higher interest rates.
Spend Above Your Credit Limit With Blue Business Cash
In general American Express business credit cards let you spend above your credit limit. While you do have a credit limit, you can often exceed that, which isn’t common with other issuers. This can prove valuable in situations where you’re looking to make a larger purchase.
This isn’t always available, though, and Amex seems to consider quite a few factors when deciding if your account is eligible for this or not.
Blue Business Cash Amex Offers Program
The Amex Offers program is available through most American Express cards that are issued in the US. With this, you can register for targeted offers and save money on purchases with dozens of retailers.
Personally, the American Express Offers program saves me hundreds of dollars per year. This is especially valuable on a no annual fee card, since it means that you can basically make money by having a card.
Blue Business Cash Foreign Transaction Fees
I wouldn’t recommend using the Blue Business Cash for purchases outside of the US, as the card does carry foreign transaction fees of 2.7%. This applies on transactions that are converted to US dollars, and will eat up all of your rewards, and then some (Rates & Fees).
Are You Eligible For The Blue Business Cash?
Generally speaking, I find Amex business cards are fairly easy to be approved for, assuming you’re aware of the credit card application restrictions with each card issuer.
With American Express the key things to know are that you can be approved for at most two Amex cards in a 90 day period, and you can have at most five Amex credit cards at any point, not including charge cards.
Is The Blue Business Cash Worth It?
If you have a small business and are looking for a no annual fee, straightforward business credit card that earns cash back, then the Blue Business Cash is pretty tough to beat, at least for the first $50,000 spent.
That includes quite a few caveats, though — some may find that they’re better off earning points, some may find that it’s worth paying an annual fee for a more rewarding card, and some may find that they could use a personal card for their business spending, and then have the business reimburse them for those expenses.
If you are considering the Blue Business Cash, here are some other things to keep in mind:
Quick Showdown: Blue Business Cash Vs. Blue Business Plus
If the “Blue Business” branding sounds familiar, it’s because Amex also has The Blue Business® Plus Credit Card from American Express (review), which is one of my favorite business credit cards.
That card offers an unparalleled 2x Membership Rewards points on the first $50,000 spent every calendar year. That card is fantastic, in my opinion, since I value Membership Rewards points at 1.7 cents each, so that’s like a 3.4% return to me.
While the cards have very similar structures — the names are similar, the annual fees are the same, the perks are the same, etc. — the difference is that the Blue Business Cash earns 2% cash back, while the Blue Business Plus earns 2x Membership Rewards points. I value the latter a lot more.
Other Great Cash Back Cards
Cash back cards earning the equivalent of 2% are much more common for personal cards than business cards. While you can put business purchases on personal cards, that involves having your business reimburse you, which complicates things.
- The card offers 1% cash back when you make a purchase, and an additional 1% cash back when you pay for that purchase
- Rewards on this card can be converted into Citi ThankYou points at a ratio of one cent per point, which could increase the value of your rewards even more
- Especially in the coronavirus era, there’s more value than ever before to having lots of flexibility with your cards, and the Citi Double Cash gives you the best of both worlds — you can earn cash back at an industry-leading rate, and also convert those rewards into points later on
Blue Business Cash Summary
The Blue Business Cash is a small business card that’s worth being aware of. Earning 2% cash back with a no annual fee card is potentially a great option. However, I’d note that the Blue Business Plus offers 2x Membership Rewards points on the first $50,000 spent annually, which I’d consider being a better option.
What do you make of the Amex Blue Business Cash Card?
The following links will direct you to the rates and fees for mentioned American Express Cards. These include: American Express® Blue Business Cash Card (Rates & Fees).