Thread: REVIEW: American Express Simply Cash Business Card

WARNING: Not all business cash back credit cards are created equal! If you are thinking of applying for the American Express Simply Cash credit card then you are making the right decision. Here’s why Simply Cash is better than all the rest…

Call me crazy, but…
…it’s not an exaggeration to say the AmEx Simply Cash card practically saved my life.

Several years ago I was unemployed and at wit’s end in every sense. However, the one (and only) thing I did have going for me was excellent credit! So I applied for the AmEx Simply Cash credit card to get my internet business off the ground.

Thanks to the generous credit limit American Express provided me, I was able to turn my business ideas into reality. Ironically, I even paid for the CreditCardForum.com domain using the card!

Fast forward to the present and my life is a total 180 from where it was and much of it might not have been possible without my American Express! Here's what you need to know about this card...

Q: How does the cash back work?
A: Simply put, the AmEx Simply Cash credit card has perhaps the best cash back system you can find:

• 5% on wireless services (like your cell phone bills)
• 5% on office supplies (places like Staples, etc)
• 3% on automobile gas
• 1% on virtually all other purchases
• There’s no limit on the amount you can earn.
• Cash back is automatically credited to your statement (no more fooling around and waiting for rewards!)

Then you save even more with the OPEN SAVINGS network. This is another free program where you get more automatic savings from participating companies. Here are a few discounts offered at the time of writing:

• FedEx/FedEx Office – 5% off
• Hertz Rent-A-Car – up to 10% off
• Hyatt Hotels – 3% off
• AirTran – 5% off
• Marriot (Courtyard, Fairfield Inn, Spring Hill Suites, Residence Inn) – 5% off
• Office Max – 5% off
• …and many more

Just like the cash back, these "Open Savings" are automatically credited to your AmEx Simply Cash card billing statements.

Q: AmEx Simply Cash is a BUSINESS CARD so do I need to have a corporation or LLC to qualify?
A: Many people aren’t aware of the fact that almost anyone can apply for business credit cards, even if they are not part of a corporation or LLC. Just use your own name as the business name, and your Social Security Number as the Tax ID. How is this possible? Well any individual can be a business as well – it’s called a sole proprietorship, the simplest form of a business entity.

If you qualify as a sole proprietorship, your Social Security number is your tax ID number (unless you filed for a separate EIN) and your business name is the same as your legal name (unless you already have a business name registered using a DBA/Doing Business As). Please remember if you are a sole proprietor there is no distinction between “business" debts and “personal” debts – you're responsible for both.

Q: How’s the CUSTOMER SERVICE?
A: I have (and have had) every credit card under the sun, so believe me I know customer service. Nowadays it seems to be the norm that you will wait forever just to talk with someone who can barely speak English. This is not the case with American Express! Usually when I call, I talk to a live person right away without any wait time whatsoever. And if they tell you their name is Mary, that is NOT an alias for Marjushri in India... you actually get Americans answering the phone with the American Express Simply Cash business card!

In my opinion the best part about AmEx customer service is how they handle merchant disputes and fraudulent transactions. Take Paypal payments for example… over the years I’ve been ripped off a few times and Paypal refuses to do anything about it. Each time I’ve simply called up AmEx, explained the situation, and they took matters into their own hands and got my money back!

One Christmas I was out of town and realized I forgot my AmEx Simply Cash credit card at home. No problem at all… they sent me another via UPS next day delivery for free! They really know how to take care of their cardholders!

Q: What's the CREDIT LIMIT like?
A: Of course that depends on your credit history, but I can tell you for me at least, they have always been very generous with credit limits. The American Express Simply Cash is actually my highest limit credit card.

Q: What's the ANNUAL FEE?
A: Zero, nadda, nothing. This card has no annual fee!

Verdict?
The American Express Simply Cash credit card has rewards, benefits, and customer service that just can't be beat! You have nothing to lose and only free cash back to gain!

Through CreditCardForum's sponsored partnership with AmEx, we are able to extend this special offer to you:


Disclaimer: The above review is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express.