SimplyCash® Plus Business Credit Card from American Express Review

(Editor Rating)



We’ve reviewed our fair share of small business credit cards over the last few years. While many of them offer rewards to small business owners, the annual fee and overall benefits package just isn’t quite enough.

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Rewards Program




Customer Service


Annual Fee


Interest Rate




  • Big Initial Bonus
  • No Annual Fee
  • 0% Intro APR for 9 Months

Editor's note - You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser.
SimplyCash Plus Business Amex Card

Let’s be honest here: credit cards have a very bad rap. They’re debt traps for consumers who don’t understand their risks.

But not all credit cards are designed to empty your wallet and kill your credit. The SimplyCash® Plus Business Credit Card from American Express happens to be extremely consumer friendly, and I’ll show you why.

Learn more about this card and other small business credit cards at

The Perks

First and foremost, this is the only American Express business card that does not carry an annual fee.

Usually, when receiving the perks all AMEX cardholders have, a hefty annual fee is a foregone conclusion. But with the SimplyCash® Plus Business Credit Card from American Express, you’ll never pay a penny in annual fees.

In fact, there’s a full list of benefits which make this card attractive…

  • Special Offer: Earn up to $400 cash back
    • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your card within the first 6 months of card membership.
    • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your card within the first year of card membership.
  • No Annual Fee
  • More buying power and more cash back
    • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
    • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
    • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% thereafter. The cash back you receive is automatically credited to your statement.
  • Terms and limitations apply.

There is never a limit to the total amount of cash back that you can earn, and cash never expires. You do not need to actively redeem your earned cash, either; it’s automatically credited with every purchase.

3% Cash Back on the Category of Your Choice

Let’s talk about the most unique feature about the SimplyCash® Plus Business Credit Card from American Express: a cash back choice.

You are able to choose one category to earn 3% cash back on purchases each year (up to $50,000 spent per calendar year, maximum). There are currently eight different categories that qualify for the 3% cash back, in fact.

They are as follows:

  1. Airfare purchased directly from airlines
  2. Hotel rooms purchased directly from hotels
  3. Car rentals purchased from select car rental companies
  4. U.S. gas stations
  5. U.S. restaurants
  6. U.S. purchases for advertising on select media
  7. U.S. purchases for shipping
  8. U.S. computer hardware, software, and cloud computing purchases made directly from select providers

How often can you change your selection?  Well, American Express has it laid out for you in the terms and conditions:

“You may select your 3% cash back category from the list described above within the first two months of Card Membership. Thereafter, you can change your selection once a year during the annual selection period, which runs from December 1st to January 31st.”

Up to $400 Cash Back

For a card with no annual fee, the SimplyCash® Plus Business Credit Card from American Express offers the best up-front cash bonus on the market today. New cardholders will earn $200 in the form of a statement credit after spending $5,000 in purchases during the first three months. An additional $200 can be earned after spending another $10,000, before the first year’s membership is up.

Something also somewhat unique to this card is that it’s actually a credit card and not a charge card. This means that every business owner will receive a line of credit from American Express, crucial to maintaining and growing a business.

The purchase APR is 13.24% – 20.24% variable, depending on the applicant’s (or business’) credit history, and a 0% intro APR offer for 9 months is also included.

Make no mistake, excellent credit is required to obtain this card. However, there are varying degrees of excellence in the eyes of AMEX.

Related: 5 Ways to Build Your Credit Without Going In the Hole

It’s easy to see why business owners love the SimplyCash® Plus Business Credit Card from American Express.  A great yet simple rewards program with no hidden fees or costs is a great way to keep a business on the up and up.

Pros and Cons


  • Big Initial Bonus
  • No Annual Fee
  • 0% Intro APR for 9 Months
  • Excellent Rewards Program


  • 1% Cash Back After Maxing Out 5% and 3% Categories ($50,000 Spent)
For more information or to apply, visit the secure application page of the SimplyCash® Plus Business Credit Card from American Express.
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