Global business is incredibly fast moving and having the right financial tools is often the decisive factor. Welcome the Blue Business Cash – Card created for the small to medium business owner and their unique cash flow. From the offers as seen above, this card is designed to ease out your finances and at the same time offer rewards.

Starting from the sign-up bonus and extending to the cash back rates – everything in the Blue Business Cash Card is designed to benefit the customer to the maximum. Let us explore the features and what entitles this card to be regarded as one of the ideal ones for business owners. Continue reading!

Main features of the Blue Business Cash Card 

Some of the widely used cards for business include the Blue Business Cash Card which is offered from the reputable company known as American Express. It is a special type of card designed for the business clients who require a solid, versatile, and enriching financial solution.

Some of the extraordinary components are cash back rebates. Business owners get 2% cash back on every business purchase, excluding purchases made on travel or entertainment, internet, cable television, or gym, more than $50,000 per calendar year you get a 1% cash back. 

Furthermore, American Express is considered to be accepted at 99% of the places in the U. S. that accept credit cards according to the February 2023 Nilson Report therefore it is a reliable business companion for business transactions in the United States of America.

Understanding the annual fee 

What’s more, the Blue Business Cash Card attracts cardholders to pay an annual fee of $0. Exactly, you will not spend a dime and still get to have all the loveliness that this card entails. This fee structure is especially beneficial to small business which do not have a vast capital to spend.

Deciphering credit limits

The American Express must agree that each of the companies has its own financial situation that can differ significantly, including cash flows. That is why the credit limit for Blue Business Cash Card is not fixed but depends on various factors. It refers to the maximum credit limit that you are allowed on your card depending on usage, history, credit record, and any other known assets & liabilities with AMEX.

Advantages of the Blue Business Cash Card

• Expanded Buying Power: Charge goods that are over the credit limit depending on some factors such as the following.
• 0% Introductory APR: Get a 0% APR on purchases for the first 12 months after which the APR will vary.
• 2% Cash Back: Get 2% on the first $50,000 of your purchases per year, 1% afterward.
• Automatic Credit: The amount is refunded to your statement or account and there is usually no additional form filling or anything of the sort to go through.

Standout advantage

In terms of the rewards that one can earn using this card, the cash back rewards of the Blue Business Cash Card is one of the best. That gives the business people 2% cash back on the first $50 000 of spending in the calendar year and 1% thereafter saves a lot of cash.

Addressing potential drawbacks

• Limited Cash Back after Threshold: The 2% cash back rate drops to 1% after reaching $50,000 in purchases per year.
• Secondary Car Rental Coverage: The car rental loss and damage insurance is secondary coverage, not primary.
• Travel Coverage Restrictions: Travel insurance benefits are not available for vehicles rented in Australia, Italy, and New Zealand.

Standout disadvantage

The primary disadvantage of the Blue Business Cash Card is the lower cash back rate after making the qualifying acquisitions of $50,000 in the calendar year. Nonetheless, 2% cash back is good, but firms with extensive yearly spending may not like the 1% ratio offered once the cap is reached. 

Eligibility criteria 

Applying for Blue Business Cash Card is quite easier; however, there are certain criterions that has to be met by the applicant. In this regard, the card is suitable for small to medium business people with a business entity the issuer can verify. 

A business applicant is required to give out details of his or her business such as the business’s income and expenditure, credit reports among other essential details. In most cases, a credit score between good to excellent is expected to qualify for credit since the applicant should be able to manage it well.

How to apply for the Blue Business Cash Card

The Blue Business Cash Card can be applied for through the American Express website and only takes a few easy steps to get through. Online application or by using the mobile app or any other method, American Express provides the easy application process for credit cards. 

Via website

Go to the American Express website, locate the Blue Business Cash card and then click on the apply now button. You will start filling in some basic details about your business such as the name of your business, the address of the business, your business revenues and the tax ID number. 

Once the form is filled, apply for the decision of your case to be made fully online. As far as the decision is concerned, American Express ensures to respond within 30 seconds, one of the fastest ways in which people can find out whether they qualify for the particular card or not.

Through the mobile application

If you want to apply for this Blue Business Cash Card and you prefer to use a mobile application, then you can also easily apply through the American Express application. For Android, it can be through the Google Play store, while for iOS devices, it would be from the App Store; either way, the card’s credit would be displayed following login or sign-up into the application, under the credit cards tab. 

Choose the Blue Business Cash Card and go through the guidelines provided on the Web to fill out the application. Of course no more running around with papers and stamped envelopes; the job application is safe, convenient and fast via the app and you can also manage your account and check the status of your application with the touch of your finger on your mobile phone or tablet.

Through the store/branch

Although Amex is a financial services company, the main focus of the Blue Business Cash Card is digital, so there is no necessity to have in-branch application. However, this digitization of your account means most services can be delivered online or through the mobile application, which provides you with round the clock access to the financial products.