Posted by William Charles on July 18, 2019
Credit Cards

Published on July 18th, 2019 | by William Charles

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American Express Launches New Blue Business Cash Card

American Express has launched a new business credit card called ‘Blue Business Cash‘. Let’s take a look at this new card in this mini review.

Card Basics

  • Card earns 2% cash back on all purchases for the first $50,000 in spend every year, then 1% cash back on all purchases
  • No annual fee
  • No sign up bonus
  • 0% introductory APR on purchases and balance transfers for 12 months

Our Thoughts

If this cards structure looks familiar, it’s because it’s basically a carbon copy of the Blue Business Plus. The only difference is that card earns 2x Membership Rewards points on the first $50,000 in spend, rather than 2% in cash. This new cash card isn’t very appealing, due to the pure fact that there are a lot of cards that earn 2% cash back on all purchases (or more) with no caps. Often when cards are initially released there is no sign up bonus, but typically we see a launch bonus shortly after (usually from affiliate links). I’m hopeful that we will see a bonus of $200-$250 with a relatively low minimum spend requirement, but a bonus of only $150 is also bonus. Because of American Express’ one bonus per lifetime this card could be worth considering if it ever gets a sign up bonus for people that have already received the sign up bonus on the more generous cards.

Hat tip to reader Yet Another Redditor

Update: they apparently discontinued the SimplyCash 5% card as part of the launch of this new card.



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CM

The 5 card limit is really a bugger!

elegua
elegua

Applied couple hours ago and was automatically denied, totally forgot about the 2-90 rule, oh well, ill apply again after Aug 5 lol, by the way the SimplyCash was removed, didn’t see it there, any update on this ??

Curmudgeon
Curmudgeon

I can see the Simply Cash card as an option on a referral.

rct12345
rct12345

Which card is allowing you to still refer to SCP?
I tried a lot of referral links and I can’t find SCP as an option in any of them. The public link also leads to this new card (BBC)

Curmudgeon
Curmudgeon

It was Blue Biz Plus. It was there last night, but when I checked again today that option is gone.

RobbTPC
RobbTPC

I’m not seeing the SimplyCash on the site or through my referral links either. Maybe it’s a thing of the past now?

CM

Why would you apply for this without a signup bonus? AmEx takes two billing cycles to credit the points (at Capital One Venture, it takes merely a couple of days after making the purchase), it’s merely 2%, AmEx has a 5 card limit, and you won’t be eligible for a bonus once they do offer it — seems like a pretty bad idea to apply for this card right now.

Pointz
Pointz

It seems like Amex just wants me to get another bonus (later when it is available). Otherwise dont see a reson they came up with this.

DB
DB

This is definitely way worse than the SimplyCash it is replacing. Surprised there’s no talks/rumors about this before.

Chong786
Chong786

Blue business plus is a much better choice

Andy S
Andy S

Why? I have the BBP and never use it. If you don’t have a need/intent to transfer the MR points to airline partners, there’s no good way to get .01 value out of them. unless they’re hardcore travelers, I think most people are going to value cash back over MR points – I know I do…

JJ
JJ

I actually suspect you’re in the minority because I value cash but have the Schwab platinum which gets me 1.25cpp. So combined with the BBP I get 2.5% cash back.

elegua
elegua

Exactly !!!!!

mjonis
mjonis

I would slightly disagree with the statement “… due to the pure fact that there are a lot of cards that earn 2% cash back on all purchases (or more) with no caps”

How many of those are *business* cards? I can only think of one business card that gets 2% cash back and that’s the crapital one (3 hard inquiries-one for each credit bureau) card. Citi Double is personal card only.

What other business cards give 2% out of curiosity if there’s a lot of them out there?
And how many of those have no AF?

Avi
Avi

I mostly agree with you, but the real issue here is the max $50k/year cap. That’s max $1k back per year before it drops to 1%, not a huge difference vs the $750/75k points per year of the uncapped Ink Unlimited on $50k spend. If the card didn’t have the $50k cap, it would be a truly unique business card.

CharlesinNYC
CharlesinNYC

You can dedicate business spend to any credit card for tax purposes, it doesn’t have to be an official business card. You can use the Citi Double Cash or Fidelity Visa, both 2% back no limit, for business. The key is not to mix your personal and business spend.

Avi
Avi

But unless you pay it off before the statement closes, it’ll affect your personal credit report.

Mark
Mark

Sweet – direct competitor to the Capital One Spark Cash card, but this one has no AF. Well done Amex. Agreed that it’s not an exciting card, but with all the recent hikes in annual fees (e.g. Platinum, Gold, Bonvoy business), it’s nice to see a fee-free option from Amex.

Curmudgeon
Curmudgeon

There’s no need to pay the fee on the Spark card. If you actually use it, call them when the fee hits and they’ll credit it off. I’ve done this for the past couple of years.

That makes it an unlimited 2% back card with no fee. 🙂

Charles Mann
Charles Mann

Agreed, but after a few years of that I finally got tired of calling. IMHO Cap One is harder to deal with, particularly phone communication. When this Amex card gets a signup bonus, I will very likely apply.

San
San

Not every new card needs to be exciting. I got this card because it gets me 33% more cash back than my Cash Magnet. Some of us want all of our business with AmEx; now I’m even with the other 2% cards and I don’t need to deal with categories. Well done AmEx.

Aloha808
Aloha808

The card has a bonus similar to the SimplyCash Plus now. $250 after $5K spend, and another $250 after another $10K spend.

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