American Express yesterday (July 18, 2019) unveiled a new credit card for small businesses, the American Express Blue Business Cash Card. The new card comes with no annual fee, a 0% introductory APR period, and opportunities to expand a company’s credit spending limit, according to the release announcing the card.

“We know that three-quarters of small business owners experience unexpected business costs on a monthly basis, but less than a quarter of them feel fully prepared to deal with those unexpected costs,” said American Expresses’s E-Bai Koo.“We launched the Blue Business Cash Card to help alleviate some of the most common pain points of running a business so that business owners can concentrate on growing their business.”

Features of the new card

  • A $0 annual fee
  • 2% cash back on annual purchases up to $50,000 (1% after that)
  • A 0% introductory rate on purchases and balance transfers for 12 months (Then an ongoing annual percentage rate (APR) of 15.49% – 21.49% variable rate.)
  • The ability to go over a credit limit without penalty fees.
  • A foreign transaction fee of 2.7%.

According to NerdWallet, the new card is similar in many ways to The Blue Business Plus Credit Card from American Express, right down to the rewards rate. However there is one major difference: The American Express Blue Business Cash Card earns cash back, while the Blue Business Plus Credit Card earns Membership Rewards.

Photos: American Express

Related Articles