Earn Up To $500 In Statement Credits And 5% Cash Back With The SimplyCash Plus Business Credit Card From American Express

31
DDMS IconNever Miss Another Deal - Follow DansDeals on Facebook

Update, 10:15pm: This offer is no longer available.


The SimplyCash® Plus Business Credit Card from American Express card is offering a $250 statement credit for spending $5K in 6 months and another $250 statement credit for spending another $10K in 12 months as a special offer only.

This card has no annual fee.

On top of the statement bonus, it earns 5% cash back on $50,000 in spending per calendar year at office supply stores (including gift cards sold by office supply stores online and in stores!) and on wireless phone service spending.

It also earns 3% cash back on another $50,000 in spending per calendar year in the category of your choosing:

  • Airfare purchased directly from airlines
  • Hotel rooms purchased directly from hotels
  • Car rentals purchased from select car rental companies
  • U.S. gas stations
  • U.S. restaurants
  • U.S. purchases for advertising in select media
  • U.S. purchases for shipping
  • U.S. computer hardware, software, and cloud computing purchases made directly from select providers

Business vs Consumer card:

AMEX business cards don’t appear on your credit report. That’s good for several reasons.

First of all they won’t count against your 5/24 count for opening new Chase cards. Only cards on your report that have been opened within the past 24 months count for that.

Second, when you spend money on personal cards your credit score will be hurt even if you pay your bill on time. A whopping 30% of your credit score is based on credit utilization. You can pay off your card bill before your statement is generated to avoid that, but that takes effort and laying out money well before you have to. Additionally it’s good to have the statement close with a couple dollars to show the card is active and being paid every month. On an AMEX business card it’s just not reported, so you can wait until the money is due without it having a negative effect on your score.

Third, if you close a business card it won’t ever have an effect on your score.

You may already have a business that needs a card to keep track of expenses. For example if your name is Joe Smith and you sell items online, or if you have any other side business and want a credit card to better keep track of business expenditures you can open a business credit card for “Joe Smith” as the business name. You don’t need to file any messy government paperwork to be allowed to do that.
Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field.

Will you signup for this card with a special offer?

Leave a Reply

31 Comments On "Earn Up To $500 In Statement Credits And 5% Cash Back With The SimplyCash Plus Business Credit Card From American Express"

All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.

Sort by:   newest | oldest
Bert

Any annual cap on the 5% or the 3%?

s

whats the cap on the 5 percent at supply stores 25k or 50k like the chase inks? thanks

Faivel

Is Best Buy considered an office supply store?

s

no

Anon

Do you know how long the signup bonus will be available for?

Sam

When is this offer ending?

tzvi

If I have large balances on my other amex(business) cards, is it ok to apply now or should I wait till I pay them off?
Thank you,

Aron

Will it work to buy visa gift cards at Office Supply Stores?

Aron

If I am already over 5/24 will I get approved?

Sam

The fine print states that purchases of prepaid cards does not qualify for 5%. Are you sure visa gift cards are included?

Mkshe

Prepaid amex card purchased by amex won’t count. However cards purchased at staples would (as amex can’t see details of what was purchased).

Andrew

Are you sure it’s over I can still pull it off…

Eli

Is there ever an annual fee on this credit card?

Help

Dan, why did this offer last for two hours? What’s the story? You understand these things better than anyone…

Recon

Any chance this will come back? Why for so short?

Eli

Is there an annual fee ever, trailing the first year? Or does it have no annual fee ever? Please clarify.

chuckfinley

i hope @Dan can see this. Do you know where I can find that Bonus if i missed out on this? Anywhere else? Would love to go through you for referrals…

moose

alive again

wpDiscuz