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If you’re looking for a business-focused cash-back card, now could be a great time to give the SimplyCash Plus Business Credit Card a closer look. Currently, you can earn a $250 statement credit after you spend $5,000 in the first six months of cardmembership, plus an additional $250 statement credit after you spend an additional $10,000 or more on qualifying purchases on the card within your first year of cardmembership. If you meet both requirements, you’ll get a total of $500 in cash back.
This is twice the usual sign-up offer of $250 cash back after you spend $5,000 or more in the first six months. To be eligible for this offer, you need to apply for the card by January 25, 2017 — so you have quite a bit of time to decide whether it’s worth a place in your wallet.
Here’s a look at the card’s main perks:
- For a limited time, earn even more cash back: Earn up to $500 cash back as statement credits.
- Earn a $250 statement credit after you spend $5,000 in qualifying purchases on your card within the first six months of cardmembership.
- Plus, earn an additional $250 statement credit after you spend an additional $10,000 or more in qualifying purchases on your card within the first year of cardmembership. Offer expires 01/25/2017.
- No annual fee. Plus, more buying power and more cash back.
- 5% cash back on wireless telephone services purchased directly from US service providers and US 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. Cash back received is automatically credited to your statement.
Your choices for the 3% cash-back category include airfare purchased directly from the airline; hotel rooms purchased directly from the hotel; car rentals purchased from select car rental companies; US gas stations; US restaurants; US purchases for advertising in select media; US purchases for shipping; and US computer hardware, software and cloud computing purchases made directly from select providers. You’ll earn 1% on all other purchases.
The SimplyCash Plus is one of several cash-back cards on the market, and it could be a solid choice if your spending habits align with its bonus categories. Amex introduced this card back in April, and the issuer’s touted the card’s “more buying power” feature. This lets you spend above your credit limit if you need to make a big purchase; the additional amount you can spend is based on factors such as your payment history, and you must pay off the amount spent over your credit limit each month as you would with a charge card.
Another cash-back card worth considering is the Ink Cash Business Card, which offers 5% back on the first $25,000 in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV purchases each account anniversary year, in addition to 2% cash back on the first $25,000 in combined purchases at gas stations and restaurants each account anniversary year. As with the SimplyCash Plus, this card has no annual fee, and it earns you 1% cash back on non-bonus purchases. The Ink Cash is currently offering an elevated sign-up bonus of $300 cash back after you spend $3,000 in the first three months. Plus, if you hold a card that earns Ultimate Rewards points, you can redeem cash back from the Ink Cash in the form of travel rewards.
If you’re looking for a cash-back card that will earn you bonuses on business-related expenses, the no-fee SimplyCash Plus Card is a solid choice. The ability to earn $500 back by meeting the spending requirements in the first year makes it an even more appealing option. If you’re interested in signing up, it’s definitely worth doing so by January 25, 2017 so you can earn this higher offer.
Featured image courtesy of Shutterstock.
What’s your favorite cash-back card for business expenses?
SimplyCash® Plus Business Credit Card from American Express
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|0% for 9 months||12.49% - 19.49% Variable||No annual fee||2.70%||Excellent Credit|