Amex Launches Graphite Business Cash Unlimited Card: 2% Cash Back, $295 Fee

Hobbyists are going to complain about the annual fee. High-spending business owners are not. But, high-spending business owners will note the flexibility of the Spark Cash Plus having the ability to either take the cash back or convert to transferable points.

HARD PASS! Why would anyone get this card over the Wells Fargo signify card which gets 2% back with zero annual fee?!?! Don’t normalize this behavior of wanting to charge us $295 for the “privilege” of earning 2% cash back. RIDICULOUS!

Prob makes more sense to have multiple amex blue for business cards than this

Wells Fargo is also a hard pass with a 3% foreign transaction fee.

Oof. Lame. Like Plum.

RIP Plum. I wanted to like it, I really did...

I think it is important to understand why companies might sign up for this. The real perk they are offering compared to their other cards like the Blue Cash Business card is the no pre-set spending limit. For a major company this would be an advantage. Also, consider the speinding for the welcome bonus would not be a problem for a company. In addition, having the cash back could be important when running a business because of the use of points. Those that are in business for themself may not encounter such issues.