American Express launches new cash back card for small businesses

American Express Business Cash Card

American Express wants to enable US small businesses to say ‘yes’ to growth opportunities with the launch of the Blue Business Cash Card.

The Blue Business Cash Card for small businesses has no annual fee, offers 2% cash back on eligible purchases automatically credited to your statement, and helps business owners manage cash flow with Expanded Buying Power.

“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. 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.”

E-Bai Koo, Executive Vice President, Global Commercial Services at American Express

Get 2% cash back and other perks

According to the Blue Business Cash Survey from American Express, 68% of small business owners plan to expand their business in the next three years.

Nearly half (49%) say they would feel more empowered to grow with a business credit card that gave them 2% cash back.

With the Blue Business Cash Card, small business owners can feel confident as they build their businesses.

By taking advantage of the automatic 2% cash back, business owners can reinvest in their businesses and help them get one step closer to their growth goals.

Card features include

  • 2% automatic cash back on all purchases up to $50,000 per calendar year
    • 1% cash back on all purchases after that, automatically credited to your statement
    • No category restrictions, so you can earn cash back whenever and wherever
  • $0 annual fee
  • 0% introductory APR for 12 months on purchases and balance transfers

Unlock opportunities through cash flow solutions

The survey found that cash flow issues continue to be a pain point to small business owners.

They said they would rather organize junk drawers (51%), take a social media hiatus (36%) or say goodbye to their smartphone (35%) if it meant not dealing with ongoing cash flow issues.

To help alleviate some of those pain points, the Blue Business Cash Card offers a suite of solutions to help business owners successfully manage their business with the option of flexible purchasing power and more.

Expanded Buying Power

Eligible business owners can leverage the card beyond its credit limit with Expanded Buying Power to pursue growth opportunities quickly and deal with unexpected costs.

Expanded Buying Power enables card members to spend beyond their credit limit without penalty in order to help pay for larger purchases, like inventory or equipment, as well as earn cash back on that spend.

At the end of the billing cycle, the portion above their credit limit is due in full, and card members still have the option to choose whether to carry the remaining balance with interest or pay in full.

Additionally, card members will have access to Spend Manager and Connect to QuickBooks tools to manage their business, as well as the powerful backing of American Express customer service.

Discover flexible financing solutions

Eligible card members with the American Express Blue Business Cash Card may also qualify for additional programs that provide alternative short-term financing options.

One of these programs is called Working Capital Terms. This short-term financing solution helps business card members keep their business moving forward by paying US-based verified vendor invoices.

With the Working Capital Terms program, American Express will send payment directly to the business’ vendor via ACH within two business days.

Business owners can pay back American Express in 30, 60, 90 days, with a low fixed fee.

The program is available to eligible business card members based on at least six months of account history, creditworthiness and other factors. Enrollment required.

More findings from the Blue Business Cash Survey

  • Nearly half (48%) of small business owners say that they would give up their favorite junk food for a year if it meant they didn’t have any cash flow issues for a year
  • 65% of small business owners say that ‘automatic cash back’ would help them manage their cash flow
  • 62% of small business owners say that automatic cash back would enable them to reinvest in their business
  • 60% of small business owners say that they plan to use the cash back they receive from their credit card provider to reinvest back into the business (i.e. staffing, accounting, tools, etc.)

The American Express Blue Business Cash survey

Research findings are based on a National Survey conducted by Savanta across US between June 5th-13th, 2019.

The study targeted a panel of 500 new solopreneurs and business men/women (owners) from any industry in the US; with 1-10 employees; who have been in business from 1-5 years and have a business revenue from $100k-$750k.

All panelists have passed a double opt-in process and complete on average 300 profiling data points prior to taking part in surveys.

The survey results has a margin of error plus/minus 4 percent.

READ MORE: American Express and Bill.com introduce Vendor Pay


What do you think about this new credit card from American Express? Would it help your business? Please use the comments section below or head over to our Facebook Group for Small Business Sellers and interact with other small business owners.
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