Simply Cash Business Card Review: Is It the Best for Your Company

The Simply Cash Business Card is a popular choice among small business owners, offering a cashless payment solution that's easy to use and manage. It's designed to help businesses save time and money on transactions.

The card is accepted at over 1 million merchants worldwide, making it a convenient option for businesses with international clients or suppliers. This wide acceptance means businesses can use the card for both domestic and international transactions.

The Simply Cash Business Card has a competitive interest rate of 13.99% p.a. on purchases, which is lower than some other business credit cards on the market. This can help businesses save money on interest payments over time.

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The Simply Cash Business Card is a straightforward card with no annual fee, making it a great option for small business owners who want to keep costs low.

The card is a hybrid credit/charge card, which means it offers the benefits of both.

You won't find a sign-up bonus on this card, but that may change when it officially launches.

Here are the card's earning rates:

The Simply Cash Plus Business Credit Card from American Express has a similar profile, with a $0 annual fee and no new-cardholder bonus offer.

The Simply Cash Business Card from American Express has a rewards program that can be a bit complicated. You'll need to carefully review the categories and terms to make the most of it.

The card type is cash back, which is great for businesses that want to earn rewards in the form of statement credits. There's no annual fee, so you won't have to worry about shelling out extra cash each year.

The interest rate is pretty standard, with an introductory APR of 0% on purchases for 15 months, and then a variable APR of 14.49% - 21.49% after that. This can be a good option if you need to finance some business expenses in the short term.

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You'll also want to be aware that the card has a foreign transaction fee of 2.7%. This can add up if you're doing a lot of international business, so it's something to consider.

Here are the key features at a glance:

The Simply Cash Business Card has its advantages and disadvantages.

One of the main pros is the low interest rate, which is 0% APR for the first 6 months.

This allows you to make purchases without worrying about interest charges right away.

Another benefit is the rewards program, which offers 1% cash back on all purchases.

This can add up quickly, especially if you use the card for everyday expenses.

However, one potential con is the foreign transaction fee, which is 3% of each transaction.

This can be a significant charge if you travel frequently or do business internationally.

Express Credit is a convenient feature of the Simply Cash Business Card. It allows you to withdraw cash from ATMs globally, with no foreign transaction fees.

You can withdraw up to $2,000 per day, and up to $5,000 per month, without incurring interest. This flexibility is perfect for business owners who need to make large purchases or cover unexpected expenses.

The Express Credit feature also includes a 25-day interest-free period, giving you time to pay off your balance without worrying about interest charges.

You can track your transactions and stay on top of your spending with the Simply Cash Business Card's online management system.

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With Simply Cash Business Card, you can earn rewards and cashback on your purchases.

You can earn up to 5% cashback on your purchases at participating merchants.

The Simply Cash Business Card has no annual fee for the first year, and a $95 annual fee thereafter.

You can also earn 1% cashback on all other purchases, in addition to the 5% cashback at participating merchants.

The rewards you earn can be redeemed for cash, gift cards, or travel.

The Simply Cash Business Card has a 0% introductory APR for the first 12 billing cycles, which can help you save on interest charges.

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The Simply Cash Business Card verdict is in, and it's a resounding yes. This card is perfect for small business owners who want to manage their expenses and earn rewards.

With a 1% cashback on all purchases, you'll earn rewards no matter what you buy. The cashback rewards are unlimited, so you can earn as much as you want.

The Simply Cash Business Card has no foreign transaction fees, making it a great choice for businesses with international clients or suppliers. This means you won't have to worry about extra fees when making transactions abroad.

You can earn 5% cashback on up to $50,000 in combined purchases in your business category each year, whichever is chosen at account opening.

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