Last Chance to Change Your 3% Category With AMEX SimplyCash
Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full advertising policy: How we make money.
Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.It’s the time of year for fresh starts, new beginnings, and…changing your AMEX SimplyCash 3% cash back category!
You have until January 31, 2016 to switch your 3% cash back to a different category. If you still like the 1 you’ve chosen, do nothing. It will stay the same as last year.
I’ll remind you of your choices and help you pick the best 3% cash back category for your small business!
What’s the Deal?
Link: AMEX SimplyCash
Link: My Review of the AMEX SimplyCash
The AMEX SimplyCash is 1 of my favorite small business cards because it has terrific bonus categories and no annual fee!
It currently has a $250 sign-up bonus after you spend $5,000 on purchases in the 1st 6 months of opening your account. You’ll also get:
- 5% cash back at US office supply stores & US cell phone service on purchases up to $25,000 per rebate year
- 3% cash back on the category of your choice on purchases up to $25,000 per rebate year
- 1% cash back on other purchases
- Terms & limitations apply
You can choose 1 category from a list of 7 to earn 3% cash back up to a maximum of $25,000 in spending per year. That’s up to $750 ($25,000 in spending X 3%).
Choose the category that makes the most sense for your spending:
- Airfare (purchased directly from airlines, so online travel agencies like Orbitz won’t count)
- Hotel stays purchased directly from hotels (excluding timeshares, banquets, and events)
- Car rental companies listed at americanexpress.com/rewards-info
- US gas stations
- US restaurants
- US purchases for shipping
- US purchases for advertising in select media
If you don’t choose a category within the 1st 2 months of opening your account, the default is 3% cash back at US gas stations. And once you’ve picked your category, you can only change it again between December 1 and January 31 each year.
Pick a category where you don’t earn a bonus with your other cards! Or you might want to select 1 based on where your small business spends the most.
For example, folks who advertise, like dentists, lawyers, or real estate agents, might consider choosing US advertising in select media as their 3% cash back category. If you have an eBay business, it likely makes the most sense to choose US shipping instead.
You have less than 2 weeks left to decide. Don’t forget to switch your AMEX SimplyCash category (if you want!) by January 31, 2016.
Chase Sapphire Preferred® Card
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
Intro APR on purchases
N/A
Regular APR
20.49% – 27.49% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Rates & Fees
Other
MORE INFO
Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)
Join the Discussion!