The American Categorical Blue Enterprise Money™ Card is a set-it-and-forget-it enterprise bank card. Cardholders earn rewards which American Categorical mechanically applies to your bank card assertion — supplying you with the chance to earn and redeem rewards with out having to consider bonus classes, procuring portals or redemption values. The Blue Enterprise Money could swimsuit you should you’re a freelancer, sole proprietor or small-business proprietor who’s searching for a aggressive however low upkeep card.

Rewards

The American Categorical Blue Enterprise Money Card earns 2% money again on as much as $50,000 in eligible purchases per calendar yr. In case you spend greater than $50,000 in a calendar yr, you will obtain 1% money again on all eligible purchases — and when the following calendar yr begins, the rewards cycle begins over. Your money again will mechanically be utilized to your assertion credit every billing cycle.

Eligible purchases embody items and providers, however will not embody purchases of money equivalents, resembling present playing cards or cash orders.

The rewards charges are fairly aggressive if your corporation spends lower than $50,000 a yr, although some enterprise playing cards supply greater flagship charges on particular buy classes. However for a small enterprise with numerous spending wants, the Blue Enterprise Money is an effective selection.

Welcome supply

New cardholders can earn a $250 assertion credit score after making $3,000 in purchases on their Amex Blue Enterprise Money Card within the first three months. This is not one of many greatest welcome bonuses within the trade — but it surely is not the worst, both. 

What actually issues is whether or not you can spend the cash required to earn the bonus. In case you already spend round $1,000 each month on enterprise purchases, then it might be simple to earn the welcome supply — however should you spend lower than $1,000 each month, you would possibly end up in a scenario the place it’s important to determine between forgoing the bonus or making purchases your corporation cannot afford.

Introductory APR

In case you’re occupied with utilizing your corporation bank card to fund a big buy, like a brand new laptop computer or knowledgeable web site design, the Amex Blue Enterprise Money Card might be a good selection. The cardboard presents 12 months from account opening of 0% intro APR on purchases (17.49% to 25.49% variable APR thereafter), giving small-business homeowners the chance to cowl just a few important enterprise bills with out racking up curiosity expenses.

After the introductory APR supply ends, any excellent stability in your American Categorical Blue Enterprise Money Card will start accruing curiosity on the card’s commonplace APR — so ensure you have a plan to repay as a lot of your stability as attainable earlier than your introductory APR supply expires. Even if you cannot repay your purchases in full, paying off a portion of your stability upfront will help you get monetary savings on curiosity.

No annual price

The Amex Blue Enterprise Money Card doesn’t cost an annual price, making it a wonderful selection for small-business homeowners who wish to get monetary savings on bank card charges and put each additional greenback in the direction of constructing their enterprise.

As your corporation grows, you could wish to think about upgrading your corporation bank card to an annual price card, as a result of enterprise bank cards that cost annual charges could supply higher rewards — and when you determine that an annual price bank card is price the fee, you can achieve entry to journey perks and different business-friendly advantages. Small-business homeowners also can profit at tax time, since enterprise bank card annual charges are tax deductible. 

Different playing cards to think about

Chase Ink Enterprise Money® Credit score Card 

The Ink Enterprise Money® Credit score Card presents 5% money again on the primary $25,000 spent in mixed purchases at workplace provide shops and on web, cable and telephone providers every account anniversary yr. Cardholders additionally earn 2% money again on the primary $25,000 spent in mixed purchases at gasoline stations and eating places every account anniversary yr, and 1% money again on all different purchases.

Plus, the Ink Enterprise Money card presents a top-notch welcome bonus — $900 bonus money again should you spend $6,000 on purchases within the first three months. Whereas the $6,000 spending requirement is just a little greater than the $3,000 requirement for the Amex Blue Enterprise Money Card, you will get much more bonus in your buck.

Financial institution of America® Enterprise Benefit Personalized Money Rewards Mastercard® bank card

The Financial institution of America® Enterprise Benefit Personalized Money Rewards Mastercard® bank card* offers you 3% money again within the class of your selection and a couple of% money again on eating, for the primary $50,000 in mixed selection class/eating purchases per calendar yr (then 1%) till the following yr, in fact! All different purchases earn 1% money again.

You can even earn a $300 assertion credit score on-line bonus should you make $3,000 in purchases within the first 90 days, which is a barely higher welcome bonus supply than you’d get with the Amex Blue Enterprise Money Card. If you cannot determine between the 2, ask your self whether or not you wish to do the work of maximizing a bonus class money again card — or whether or not you’d choose the benefit that comes with a flat-rate money again card. 

FAQs

For charges and costs of the American Categorical Blue Enterprise Money Card, click on right here.

*All details about the Financial institution of America® Enterprise Benefit Personalized Money Rewards Mastercard® bank card has been collected independently by CNET and has not been reviewed by the issuer.

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