Simply Cash® can give you 5% cash back on wireless services and office supply purchases*
Owning and operating a small business requires an ongoing effort to maintain a healthy and positive cash flow. With the tough economic conditions that face many business owners, taking advantage of discounts and rewards programs can help bring in some additional cash. One such tool is the SimplyCash® Business Card, OPEN, offered from American Express. The program follows a simple concept: expenses charged on the card accumulate toward a cash back reward. Business owners who qualify for the card and maintain an active account will find that they gain an advantageous method of tracking and utilizing business expenses.
The Simply Cash Reward Program
The SimplyCash® program is available to businesses that generate over $200,000 in yearly revenue, have a business record for 2 years and prove a strong credit history. No annual membership fee is charged and the card does not carry a limit on the amount of the reward except for gasoline. Card owners receive cash back credit on the OPEN card depending on the type of expense, for example, supplies and wireless service earn a 5% rebate, automobile gas earns 3% and other expenses receive a 1% matched credit.
Although paying off the monthly debt is always the best option, if money is tight in a particular month, partial payments are allowed. Unpaid monthly debt accrues an interest fee, however, and may cancel the benefit of receiving the cash back reward. If the business owner needs credit for a major purchase or experiences a particularly difficult financial period, having the option to carry a balance may be a prudent strategy.
In addition to the specific cash back rewards, cardholders receive discounts at certain hotels, car rental agencies and other travel related companies. Several major suppliers such as Office Max and FedEx are also supported through the program and offer discounts. For businesses that accumulate regular expenses charged to the card, a substantial monthly reward can be attained.
| SimplyCash® Business Card from American Express OPEN |
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- Get 5% cash back on wireless services and office supply purchases*
- Get 3% cash back on automobile gasoline*
- Get 1% cash back on other purchases*
- No limit to the amount of cash back you can earn
- Cash back on purchases is automatically credited to your statement each month
- Save 3% to 10% automatically on business expenses from FedEx, Hertz®, OfficeMax®, and more with OPEN Savings®
- No introductory annual membership fee
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What Consumers Say About the Card
Compared to several other business reward cards on the market, the SimplyCash® program is a favorite among consumers because the rewards are greater. The program supports the most popular suppliers and provides rewards for common business expenses that most small to medium size business generate on a regular basis. The result is a higher level of accumulated rewards that effectively reduce business debt and help provide a positive cash flow.
Another favorable reaction expressed by American Express cardholders is the availability and quality of customer service personnel. Considered for many years as the top card to hold for both personal and business purposes, the company maintains a high level of service. Favorite features of AE cards including a purchase protection plan and travel insurance benefits are also included.
A helpful tool provided to cardholders is the ability to manage an online account. Keeping track of business expenses is expedited and can be managed by one individual making this card a good choice for a sole proprietorship. The need to hire an expensive financial manager is greatly reduced.
Many business owners appreciate the concept of having a credit card that works like an open savings account. Once they receive a Simply Cash account and use it regularly for business and travel expenses, staying in business becomes an advantage rather than a deficit.
#1 Business Cash Rewards Card for 2007, 2008, 2009 and 2010 (Our Pick)
You may now rip up all of your other business credit cards. We have a new winner of the all-time best business credit cards we have researched for this site. Rewards is our specialty and this card from American Express tops all other cards - even personal credit cards with the conveient hassle-free cash back, full 5% back, and the prestige of carrying an American Express card.
With the SimplyCash® Business Card from American Express OPEN you can earn 5% cash back on office supplies and wireless services(cell phones, wifi connectivity). Get 3% cash back on automobile gasoline* and earn 1% on cash back on all other purchases. Cash back is automatically credited to the statement each month. There is No fee with this business credit card and the flexibility to pay in full or carry a balance. You not only get these cash back rewards at a full !% and 5% but you get to be part of the OPEN Savings program from American Express. Any purchases with this card at certain merchants will receive automatic discounts – this includes FedEx, Delta Courtyard by Marriott to name a few.
| SimplyCash® Business Card from American Express OPEN |
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