Amex Blue Business Cash 2021 Review: Is It Right for You?

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Top perks

This American Express card has several valuable features, starting with its cash back rate.

Cash back rewards

The Blue Business Cash™ Card from American Express earns 2% back on every purchase, up to a spending cap of $50,000 per calendar year. After you reach that cap, it earns 1% back. For a no annual fee card, 2% is an excellent cash back rate. Unfortunately, the $50,000 yearly limit could be a problem if your business spends more than $4,000 to $5,000 per month. Terms apply.

No annual fee

There’s no annual fee to carry this card, so it’s ideal if you want to keep extra costs to a minimum. (See rates and fees)

Employee cards

Employee cards are free of charge. A useful and under-appreciated perk of American Express cards is that you can set spending limits for authorized users. This includes employee cards, and you can also get spending alerts and summary reports. Terms apply.

0% intro APR

The Blue Business Cash™ Card from American Express offers a 0% intro APR on purchases for 12 months. The go-to rate of 13.24% – 19.24%, variable applies after the promotional period expires. If you have any major business expenses, such as opening a new location, you could use your card to finance the costs interest free for a year. (See rates and fees)

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Expanded buying power

American Express lets you exceed your credit limit to make purchases without paying an over-the-limit fee. The amount you can spend beyond your credit limit depends on a variety of factors, including your use of the card and payment history. With most credit cards, you either can’t exceed your credit limit or will be charged a fee if you do. Terms apply.

If you do go over your limit, you’ll have to pay that extra money back in full along with your minimum payment at the end of your billing cycle. Otherwise, the penalty APR will apply to your entire balance. While expanded buying power can be helpful, you should be cautious about how you use it to avoid costly interest charges.

Consumer and travel protections

This card offers the following protections and coverages (terms apply):

Automatic redemptions:

You don’t have to spend any time redeeming your cash back as it will be automatically applied as a statement credit each month. Terms apply.

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View more information: https://www.fool.com/the-ascent/credit-cards/blue-business-cash-american-express-review/

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