American Express has been the choice of credit cards for businesses everywhere since they first rose to prominence in the early eighties. They offer several cards for business purposes, but for our article here we will just take a look at three of the best. If you want to see more options, feel free to visit their website and see what they might have that strikes your fancy. You’ll also be able to apply for the cards we discuss below. These cards offer a lot to the business, and have a range of rewards and incentives that make them one of the best companies for business credit. We will take a look at the American Express Business Gold Card, the American Express Platinum Business Credit Card, and the American Express Simply Cash Card.
American Express Business Gold
This card is perhaps the cream of the crop when it comes to great business credit cards. American Express has taken the time and research to put together a program that will entice even the most experienced business owner. There is no annual fee for the first year, and $125 fee per year after that introductory period. The card comes without a preset spending limit, although this does not mean the card comes with unlimited spending. The credit limit will be determined on an ongoing basis, as the people at Amex study your spending habits, payment history, and ongoing financial activities.
Many people like this setup, seeing as how it allows for progress in your credit limit through responsible care of the card, and it doesn’t put arbitrary limits to your credit, forcing the consumer to get a second credit card if they need to make a purchase larger than their limit allows. The card also comes with discounts to many major hotel chains and other businesses, including FedEx, Delta, and Marriott. The card also comes with automatic membership into American Express’s rewards program, so that you can earn points toward purchases and travel.
Platinum Business Credit Card from American Express
The Platinum Business Credit Card comes with an introductory 0% APR, good for the first twelve months you have the card. This is an excellent introductory offer, and should probably be considered by any business needing to obtain early funds for the start of the business. Even after this introductory period, the card offers 11.24% APR, which is pretty good. It offers the ability to enroll in the rewards membership program, and puts no limits on the amount of points that can be earned.
American Express SimplyCash Business Card
The American Express SimplyCash Business Card again offers an introductory rate of 0% for the first 12 months, and an exceptional rate of 8.25 % after that period is over. For credit customers concerned with the bottom line interest rates, it’s hard to do much better than the SimplyCash card. The card also allows the consumer to earn 5% cash back on gas, office supplies, and wireless services, and 1% back on virtually all purchases outside those categories. The card promises no limits on the amount of cash you can earn through use of the card, and the cash is automatically credited to your statement at the end of the month.
Morgan Hamilton is a licensed Financial Adviser who has authored several informative papers on the topic of American Express Business Credit Cards. To learn more visit http://www.BestCreditQuote.com and compare Amex Business Credit Cards.