Disclosure: We get a commission for links on the blog. You don’t have to use our links, but we’re very grateful when you do. American Express, Barclaycard, Capital One, Chase, and US Bank are Million Mile Secrets advertising partners. Opinions expressed here are the author's alone, and have not been reviewed, approved or endorsed by our partners. Here’s our Advertiser Disclosure.
Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.
There’s an increased offer for the SimplyCash® Plus Business Credit Card from American Express!
For a limited time, you can earn $250 cash back after spending $5,000 on purchases within the first 6 months of card membership. Plus, earn an additional $250 cash back after you spend an additional $10,000 on purchases within the first year of card membership.
The regular offer does NOT include the additional $250 cash back after spending $10,000.
That’s a great deal for a no-annual-fee small business card!
I’ll share the details of this new offer, and help you decide if this card is right for you!
Better AMEX SimplyCash Plus Offer
Through January 25, 2017, there’s a better offer for the AMEX SimplyCash Plus card.
You’ll earn $250 cash back after spending $5,000 on purchases within the first 6 months of opening your account.
Plus, you’ll earn an additional $250 cash back after spending $10,000 more on purchases within the first 12 months of opening your account.
So, you’ll need to spend $15,000 total to earn the $500 cash back.
With this card, you’ll also get:
- 5% cash back at office supply stores in the US and on your US wireless phone bill (up to $50,000 in purchases per calendar year)
- 3% cash back on eligible purchases (up to $50,000 in purchases per calendar year) in 1 of 8 categories of your choice including:
- Airfare purchased directly from airlines
- Hotel stays purchased directly from the hotel
- Purchases made directly from the car rental companies
- Purchases at US gas stations
- Purchases at US restaurants
- US purchases for advertising in select media
- US purchases for shipping
- US purchases for computer hardware, software, and cloud computing directly from select providers
Who Should Consider This Card?
You’ll need to have a for-profit business to qualify for the AMEX SimplyCash Plus small business card. But you don’t have to be a huge corporation. Here are 10 ways you could qualify for a business credit card.
I like the AMEX SimplyCash Plus small business card because there’s no annual fee!
And AMEX small business cards do NOT appear on your personal credit report. This means it won’t count against card limits at Chase.
This card can also come in handy for small business owners looking to make a large one-time purchase. Because you have the ability to make large purchases above your credit limit.
The decision to apply for the $500 cash back offer will depend on your spending habits. Because you’ll need to spend $15,000 total to earn the full sign-up bonus.
If you plan to spend a lot over the next few months, you might consider the The Enhanced Business Platinum® Card from American Express OPEN. Because this card has a sign-up bonus of up to 100,000 AMEX Membership Rewards points, which can be worth $2,000 when redeemed for airfare!
But you’ll have to spend $15,000 on purchases in 3 months to earn the sign-up bonus.
The AMEX SimplyCash Plus small business card has a higher sign-up bonus when you apply by January 25, 2017.
You’ll earn $250 cash back after you spend $5,000 on purchases in the first 3 months from account opening. Plus, you’ll earn an additional $250 cash back after spending $10,000 more on purchases within the first 12 months of opening your account.
I like this card because it has no annual fee! And you can earn 3% and 5% cash back in certain bonus categories.
This card also won’t hurt your chances of getting new Chase cards. Because AMEX small business cards do NOT appear on your personal credit report.