This card no longer has a $250 sign up bonus on it. Make sure you read our master list of business credit card sign up bonuses.
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American Express has added a $250 sign up bonus when you spend $3,000 within three months to their SimplyCash® Business Credit Card. This card also lets you earn 1-5% cash back on different categories.
The Offer
- Receive a $250 statement credit when you spend $3,000 within three months
- You must apply before April 28th, 2014
- 0% APR for the 9 months on purchases
- Earn 5% cash back at office supply stores and wireless phone providers*
- Earn 3% on one category from the following list*:
- Airfare purchased from airlines
- Hotel rooms purchased from hotels
- Car rentals purchased from select car rental companies
- U.S gas stations
- U.S. restaurants
- U.S. purchases for advertising in select media
- U.S. purchases for shipping
- Earn 1% on all other purchases
- No annual fee
The Fine Print
- *You only earn 3% and 5% on a maximum of $25,000 per year (total rewards maximum = $1,250), after that you’ll earn 1%.
- The categories are strict, click here to view what does and doesn’t count in each category
- The 3-5% bonus is not earned on “include fees or interest charges, balance transfers, cash advances, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents“. Meaning that gift card purchases will not count towards these purchases.
- Bonus offer not available to those who have had this card in the last 12 months.
- Statement credit will appear 8-12 weeks after you’ve met the minimum spend requirements
- You can only change your 3% bonus category once annually (1st January – 31st December)
Our Verdict
Most people won’t apply for this card as it’s a business card (we’ll be posting more on how to apply for and be approved for business cards in the future) but it’s a good option for those looking for cash sign up bonuses. If you’re making a lot of purchases in one category (e.g restaurants) then the 3% cash back is particularly appealing.
One thing I do like about this card, is that is has no annual fee which is quite rare for American Express. Because American Express backdate new accounts to your oldest accounts age it’s always good to have at least one no annual fee card with them so you can increase the average age of your accounts.
The downside to this card is that you can’t earn the 3-5% on gift card purchases (and Vanilla reloads) which is one of the main ways people earn on the Ink Bold & Ink Plus. If you already have those two cards and are looking for another business card with no annual fee then this is a good option.
Apply for American Express SimplyCash® Business Credit Card | Screenshot of the offer | Read our full review
