AMEX Simply Cash

From LoveToKnow Creditcards

Of all the credit cards offered through American Express, the AMEX Simply Cash card is one of the best options for small business owners. Cardholders can earn cash back rewards with every purchase on the card.

Interest Rate Features

The AMEX Simply Cash credit card features a 0% APR interest rate for the first year of purchases. After the initial interest rate expires the account receives a competitive interest rate that is attractive enough to accountholders to keep them interested in holding onto the card. The current interest rate offered by American Express for this particular card can be found on the AMEX webpage.

There is no annual fee with the Simply Cash card.

Cash Back Rewards

The cash back rewards featured with Simply Cash is what attracts many small business owners to this card.

Cardholders receive a generous five percent cash rebate on certain purchases:
- Gasoline purchases
- Various office supply purchases
- Cell phone service payments
Cardholders receive a one percent cash rebate on other purchases made with the card.

Instead of being forced to wait for cash back rewards to accumulate before having the ability to request a disbursement; cardholders receive the cash rewards every statement cycle. This means that there is no need to take the time to manage the cash rewards because they are automatically credited to the Simply Cash account. Cash back rewards can add up quickly for a business owner who uses his or her credit card frequently, and having the rewards automatically credit to the account can make the program even more appealing.

OPEN Savings

The OPEN Savings program accompanies the Simply Cash card and gives instant savings when partner merchants are used for business needs. The savings are credited to the accountholders statement. Participating companies include:

FedEx
Hertz Car Rental
Gateway Computers
Symantec

Discounts range from five percent up to twenty-five percent.

Apply for AMEX Simply Cash

Applying for this card is quick and easy. You can fill out the application online, over the phone, or through the mail. If you choose to apply online there is immediate access to customer service representatives to assist you with any questions you may have regarding the completion of the application. You may receive a credit decision quickly if the application is completed correctly and all the information is accurate. If further information is required you will be contacted by an American Express representative for the clarification they need.

You can expect to furnish the following information when filling out an application for the Simply Cash card:

Your name and contact information such as address, phone number, and e-mail address
Personal information such as your social security number and date of birth
Information regarding your business, such as annual income and number of years in operation
Any other sources of incomes
Any additional information such as any balance transfers you intend on doing

Other AMEX Options

This card isn't the only card offered through American Express that is appropriate for small businesses. Business owners can choose from a variety of credit cards designed with business owners in mind. Other business cards offered through American Express include:

Business Gold Rewards Card
Gold Delta Skymiles Card
Business Platinum Card

The features that make the Simply Cash card more appealing to some business owners are the generous cash rewards, the lack of an annual fee, and the low introductory interest rate. Although the three card options listed above feature spectacular rewards programs and other perks, they all carry with them an annual fee. Business owners who want to avoid this type of fee should apply for the Simply Cash card.