AmEx Blue Business Cash Credit Card Review 2023
Is It the Best Credit Card for Your Startup?
Last Updated: By TRUiC Team
The American Express Blue Business Cash Credit Card is the perfect everyday spending card for entrepreneurs who want the perks and rewards of a reliable card without an annual fee. AmEx is known for its premium credit card rewards programs, travel perks, expense management tools, and bonus services like purchase protection and extended warranties – why not snag these benefits for your own business while looking for the perfect credit card?
Whether you’re a brand-new startup owner looking for an ideal spending card or a cash-flow-intensive company that requires a larger credit limit and expanded buying power, the AmEx Blue Business Cash Credit Card perfectly balances freedom of spending with perks and rewards availability. Read on to learn whether or not this card is the right choice for your business and to get some additional information on the perks and rewards you’ll receive with the Blue Business Cash in your possession.
Recommended: Apply now for an AmEx Blue Business Cash Credit Card.
AmEx Blue Business Cash Credit Card Eligibility Requirements
The AmEx Blue Business Cash Credit Card is a great option for small businesses and startups who want a simple card that offers flat cash back rewards and the ability to take advantage of the premium perks that come with reliable American Express credit cards. Just as with any business credit card, you’ll need to have business documentation on hand with information such as the name of your business and your EIN or SSN if you’re a sole proprietor. Furthermore, this card requires you to have good to excellent credit to have the highest chances of acceptance, with FICO scores ranging from 690 to 850.
- Requires a credit score ranging between 690 to 850 (i.e., Good to Excellent) to open
- Need business documentation on hand to apply
If you’re looking for a solid spending card for your company that gives you premium perks like purchase protection, rental car damage coverage, and a 2% cash back rewards rate, the AmEx Blue Business Cash Card won’t let you down. You won’t have to worry about paying an annual fee, and your business can take advantage of the 0% introductory APR period for the first 12 months of card ownership, giving you the ability to spend on your card and grow your business without having to worry about paying a single penny in interest.
Pros and Cons of AmEx Blue Business Cash Credit Card
Pros of AmEx Blue Business Cash Credit Card
- 0% introductory APR on all purchases made in the first 12 months of opening your card
- High rewards rate of up to 2% on eligible business purchases
- No annual fees
- Flexibility to buy above your credit limit with the AmEx Expanded Buying Power feature
- Car rental insurance for damage and loss
- Extended warranty and purchase protection perks
Cons of AmEx Blue Business Cash Credit Card
- Balance transfers are not allowed
- Has foreign transaction fees
- Requires good to excellent credit to become eligible for this card
- Has an earnings cap on rewards up to $50,000 per calendar year
Should I Apply for the Amex Blue Business Cash Credit Card?
We recommend AmEx Blue Business Cash Credit Card for its high rewards and low introductory and annual fees.
AmEx Blue Business Cash Credit Card Fees and Features
If you’re planning on using the AmEx Blue Business Cash Credit Card for managing your business cash flow and regulating expenses against accounts receivable and general income, you’ll be thrilled to hear that American Express offers new cardholders a 0% interest rate for the first 12 months. After the first year, you’ll find your interest rate going up to the 16.24% to 24.24% APR range based on your creditworthiness.
There are no membership fees and no annual fees to hold the AmEx Blue Business Cash Card, and it features high rewards cash back rates with all of the premium features you would expect an excellent credit card to possess. If your business is seeking the perfect blend of rewards and benefits in your next credit card, it may be worth discussing if the Blue Business cashback card is right for you.
Rewards and Benefits
- 2% cash back on all eligible business purchases up to $50 per calendar year
- 1% cash back on all other purchases up to $50,000 per calendar year
- Expanded Buying Power to purchase above your credit limit
- Car rental loss and damage waiver insurance
- Global assist hotline access for urgent help when traveling
- Employee cards with expense management tools and spend tracking
- Extended warranty on purchased items for up to one additional year
- Purchase protection up to $1,000 per occurrence and $50,000 per calendar year
- Spend earned rewards points on travel or direct cash back to your card’s balance
- 16.24%–24.24% APR based on creditworthiness and other factors
- Foreign Transaction Fees: 2.7% for each transaction
- Late Payment Fees: Up to $39
- Returned Payment Fees: $39
The AmEx Blue Business Cash Credit Card doesn’t have any annual fees and comes with many benefits for cardholders. This card is considered to be one of the entry-level cards in the American Express ecosystem, with higher-tiered cards having much greater perks and benefits at the expense of large annual fees. For a small business or startup that needs an everyday card to make business transactions with, you can’t go wrong with the Blue Business Cash card, especially due to its high cash back rewards and 0% introductory APR period for a full year.
How does AmEx Blue Business Cash Credit Card Compare?
To truly understand the benefits and features of the AmEx Blue Business Cash Credit Card, we compared and contrasted it with the Capital One Spark Classic credit card. You’ll see how both of these cards compare in terms of pricing, unique features, and their ideal use case and utility when it comes to business owners and entrepreneurs.
AmEx Blue Business Cash Credit Card
$0 Annual Fee
Up to 2% cash back on eligible business purchases and premium credit card reward perks
Best for: Startups and small businesses who need a reliable everyday business spending card
Capital One Spark Classic
$0 Annual Fee
1% unlimited cash back rewards on every purchase
Best for: Businesses with a lower credit score looking to earn cash back.
Final Thoughts on AmEx Blue Business Cash Credit Card
The AmEx Blue Business Cash Credit Card is a great option for entrepreneurs and small business owners who want a no-hassle business credit card for using on everyday transactions and managing their business expenses and cash flow. While it doesn’t quite measure up to the perks available on higher-end American Express business credit cards, it makes up for that with its 2% cash back on eligible business purchases and $0 annual fee.
This is truly the “no thrills” card for businesses that want to focus on growing their companies, gradually building up their credit and creditworthiness, and dealing with obtaining higher-end cards later on in the process once they’ve increased their profitability and seen business growth.
The rewards and perks offered with this card are excellent compared to its annual fee. You’ll still have premium features like rental car damage and loss insurance, purchase protection, and even extended warranties on items you purchased with the card.
If your business is looking for the most practical card you can get while balancing fees and benefits, the AmEx Blue Business Cash Credit Card may be the perfect choice for you.
Frequently Asked Questions
What credit score is needed for an American Express Blue Business Cash Card?
To successfully obtain an American Express Blue Business Cash Card, you’ll need a FICO credit score between 690 and 850, which is in the range of Good to Excellent credit. If your score is lower than this range, you may have some difficulties getting your application accepted until your credit score improves.
What is a Blue Business Cash Card?
The Blue Business Cash Card from American Express is a credit card designed for everyday business spending and transactions with a moderate amount of rewards and perks included in the mix. It is an excellent credit card for small businesses and startup founders who want to build their businesses and use a solid, reliable, no-frills card for purchases.
What is the credit limit for American Express Business Blue Cash?
The typical credit limit for owners of the American Express Business Blue Cash Credit Card depends on your creditworthiness and FICO score but can be expected to range anywhere from $1,000 to $10,000 and up. The better your credit score and credit history, the higher your available credit limit will be. AmEx also includes an Expanded Buying Power feature that allows your business to spend more than your limit and increase your buying power when you need it most.