If you are considering adding a business card to your rotation as a way to manage cash flow and grow your small business, the recently launched American Express Blue Business Cash™ Card has plenty of great tools to do so.
The following post has been sponsored by our partner American Express. The analysis and opinions in the story are our own and may not reflect the views of American Express. Learn more about our editorial policy
Business credit cards are great tools for small business owners, offering rewards on the purchases you make every day. Plus, they offer some wiggle room if you ever need to make a large purchase with more time to pay it down.
If you are considering adding a business card to your rotation as a way to manage cash flow and grow your small business, the American Express Blue Business Cash™ Card is a great option.
See Related: Funding a small business with credit cards
In addition to a top-notch rewards rate, the card comes with several unique features that are designed to help small business owners. With a 0% Intro APR for 12 months on eligible purchases and balance transfers¤ from the date of account opening and the ability to spend over your credit limit* (known as Expanded Buying Power)‡ the Card offers plenty of tools for business owners to finance purchases.
*The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
American Express Blue Business Cash™ Card: At a glance
Why apply for this card?
The Blue Business Cash Card offers a 2% cash back rate (Terms Apply) with no annual fee, on top of great perks for small business owners.
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One notable feature on the Blue Business Cash Card is the introductory APR on both eligible purchases and balance transfers. New card members get a 0 percent intro APR for 12 months from the date of account opening; after that the APR will be 13.24 to 19.24 percent variable. (See rates and fees.)
So why is this a plus for your business? The introductory APR provides a great way for business owners to grow their business by making larger purchases and paying them down over time without worrying about racking up interest charges. Not only does this help you finance larger transactions, but it can help free up your budget to use toward more immediate needs.
Spend over your credit limit
Unexpected costs come up in a small business. Maybe you need to replace broken equipment or just take advantage of a great discount from a vendor. In cases like these, the Blue Business Cash Card’s Expanded Buying Power feature provides the flexibility to spend above your designated credit limit. The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors. You can continue to put purchases on your card even if you’ve met your limit, with no over-limit fee, ¤ and earn cash back in the form of a statement credit from those purchases. (Terms Apply).
These transactions are approved on a case-by-case basis, but if you’ve demonstrated a positive payment history with American Express, as one example, you are more likely to be approved because of the Expanded Buying Power feature, which is automatically built into your card. By using the American Express Check Spending Power feature, which is available to card members by logging into your online account, you can find out whether your over-limit purchase(s) will be approved.
Just keep in mind that you can only carry a balance up to your credit limit month to month. That means if you have spent more than your credit line in any particular billing period, the amount you have spent will be factored into your minimum payment.
Other great perks for small business owners
A lengthy intro APR¤ and the ability to spend over your credit limit both add incredible flexibility when it comes to growing your small business – but the Blue Business Cash Card doesn’t stop there. American Express also provides a suite of tools on small business cards designed to help you keep your budget and spending on track.
While you use the Blue Business Cash Card’s tools to finance larger purchases, you can keep track of your transactions using American Express® Business App‡, a mobile tool that lets you compile your business receipts and add notes to your purchases. Card members can also set spending limits‡ and purchase alerts on employee cards, for increased visibility into your overall spending.
When you combine easy-to-use tracking tools with flexible payment options, the Blue Business Cash Card can be a great tool to help run and grow your business.
From taking the pressure off the small business owner trying to make large strategic purchases to providing time to pay down large purchases in the first 12 months, the American Express Blue Business Cash™ Card is designed to help small business owners have access to flexible payment terms.
If you’re looking for a business card that will help you finance your business expenses, this card is loaded with perks. Plus, you’ll earn 2 percent cash back on the first $50,000 in eligible purchases you make every calendar year (1 percent thereafter) in the form of a statement credit‡. Best of all, all of these benefits come with no annual fee. ¤