If you’re considering getting an American Express card, you have a lot of options. From the Amex Platinum to the Amex Blue Business Cash ™ Card, you’ll find a card that’s right for your needs. Learn about the best features of each one and decide which is right for you.
Amex Blue Business Cash(tm) Card
The American Express Blue Business Cash(tm) Credit Card has a low annual fee and offers cash back as a perk for business owners. You can earn 2 Membership Rewards points per dollar spent on up to $50,000 in purchases each year, and one point per dollar after that. As long as you have good to excellent credit, this card can be worth considering.
The rewards program of the Amex Blue Business Cash(tm) card is easy to use and offers a good rewards rate. However, it does have some limitations. You can only earn 2% cash back on purchases with the card, and you cannot use it to make balance transfers, purchase gift cards, or make person-to-person payments. Additionally, the rewards you earn are lost if you decide to close your business or cancel your account. In general, rewards are redeemed as statement credits about two months after you make them. If you make $1,000 in January, for example, you will receive a $20 statement credit in March.
Compared to other business credit cards, the American Express Blue Business Cash(tm) offers an attractive cash back program. With a 2% flat rewards rate on purchases up to $50,000 per year, it is the perfect card for small businesses. Plus, it offers a no-annual-fee offer for new purchases, which is great if you don’t spend much money on business-related expenses. The card comes with other benefits, including extended warranty coverage, purchase protection, and a 24-hour Global Assist hotline.
As a business credit card, the American Express Blue Business Cash(tm) card is an ideal choice for small businesses that are self-employed. Because there is no employer ID number required to obtain the card, sole proprietors can easily qualify as self-employed. However, they must certify that they will be using the card for business purposes. Moreover, they must file a Schedule C with their income taxes to prove that they are running their own business.
The American Express Blue Business Cash(tm) credit card earns 2% cash back on purchases and has a no-annual-fee. However, there are some disadvantages to the card. The 2% cash back rate is capped at $50,000 per calendar year, which could pose a challenge for small businesses that spend more than $4,000 to $5,000 per month. A few other features of the card include the option to set spending limits, alerts, and summary reports.
Amex Platinum
The American Express Platinum card has many benefits for consumers, including no interest charges and flexible balances. However, it’s not the ideal card for everyone, and some people may be better off with a different company’s card. For those who value their status, the American Express Platinum card could be the perfect option.
The benefits of owning an Amex Platinum card include a long list of statement credits that can help you offset the card’s annual fee. The card provides $200 of annual airline incidental and hotel credits. The total value of the statement credits is over $1,500, but since the credits are only good for certain goods and services, it’s unlikely you’ll use them all.
Another benefit is the Amex Fine Hotels and Resorts program, which gives cardholders access to exclusive perks at participating hotels. These benefits include room upgrades, free breakfast, late checkout, and Wi-Fi. Members can also get credit for on-property restaurants. In addition to these perks, the American Express Platinum card offers cell phone protection. Members can file up to two claims per calendar year.
If you’re a frequent traveler, the Amex Platinum card may be the right card for you. The card offers numerous statement credits, including Uber rides, Equinox and Walmart+ memberships. Additionally, the Platinum card allows cardholders to earn one point per dollar spent on non-travel related purchases. This makes it an excellent card for high-end travelers who want to travel in style. But you should consider this card’s $695 annual fee before deciding whether it’s right for you.
The American Express Platinum card is an iconic and classic card with numerous perks. With its impressive list of benefits, it has become the card of choice for the most demanding travelers. However, it’s not for everyone, as it is one of the most expensive options and most complicated to use. But the benefits are well worth it.