The American Express Blue for Business® Credit Card is one of the best small business credit cards for several key reasons, starting with no annual fee.
What’s more, Blue for Business combines everyday rewards with opportunities to cash in on your loyalty for a value-added one-two punch.
Who is AmEx Blue for Business for?
Blue for Business will delight small business owners wanting to pay their purchases off over time, earn points on every eligible purchase, and reinvest rewards into their business.
Below is a review of the most important features that small business owners should be aware of:
Blue for Business Review of Benefits
AmEx Blue for Business Boasts 0% Introductory Rate
For starters, you’ll pay 0% interest for the first nine months after you’re approved.
In many ways, this introductory period is like an interest-free loan.
But use this window wisely–
After the 0% introductory rate expires, your interest payment will vary somewhere between 12.74% to 20.74% depending on your credit history.
Access the AmEx OPEN Savings Program with this American Express Business Credit Card
Through the AmEx OPEN Savings program, companies can receive up to a 5% discount when using the card with select merchants like FedEx, Hertz, and HP.
In fact, when you crunch the numbers, this turns out to be one of the of the most valuable assets offered by any business credit card.
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Earn Points Fast with American Express Blue for Business
You are awarded 10,000 Membership Points if you make your first qualifying purchase within three months of getting the card.
From there, you can also earn an additional 15,000 points if you make $5,000 in purchases on the card in the first six months.
Business owners who want to earn points on purchases without having to keep up with complex spending categories will really like the simplicity of this card:
Earn 1 point for every dollar spent on eligible purchases.
AmEx Blue for Business Points can then be redeemed for merchandise, entertainment, gift cards, and travel from over 500 leading brands.
AmEx Blue Rewards on Business Travel
Travel a lot for business?
With this card, you’ll enjoy earning double points for every dollar spent when you book your flights through AmEx including flights and hotel rooms.
Just be sure to use a different card for foreign transactions…
AmEx Blue for Business Loyalty Perks
Every year, American Express rewards Blue for Business cardholders for their loyalty with a 30% Relationship Bonus based on your purchases in the past year.
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Blue for Business Review of Drawbacks
During our review of different business cards, we found these features (or lack thereof) to be the weakest:
You Can’t Earn Cash Back
If you are looking for the best cash back business credit cards, Blue for Business isn’t it:
This card only rewards you in points.
If you’re looking for cash back on all your business spending, check out this review for American Express SimplyCash Plus.
You Can’t Use AmEx BlueTo Consolidate Debt
There aren’t any introductory promotions on balance transfers with Blue for Business, just new purchases.
Using Your Blue Credit Card Will Cost You Overseas
Blue for Business is travel-friendly in many ways, including the double points you earn on flights at amextravel.com.
However, as alluded to earlier, you’ll be charged a steep 2.7% foreign transaction fee if you try to use the card abroad.
Looking for a Business Credit Card with No Foreign Transaction Fees?
You’ll Need Good Credit to Qualify for American Express Blue for Business
American Express Business Credit Cards are notorious for being difficult to qualify for.
If you have don’t have good to excellent credit, you may need to look elsewhere to find a card you can use to build your credit up.
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Final Review: American Express Blue for Business Credit Card
When you compare business credit cards, American Express Blue for Business stands out as a great fit for startups and growing businesses with a strong credit score who are planning to use the card for domestic purchases and/or plane tickets.
If your expenses don’t fit the typical business spending categories found with other credit cards, you can still maximize your return for everyday, non-bonused spend with 1 point per dollar spent.
Not to mention, a wise spending strategy involving the AmEx OPEN Savings Program could result in significant savings on your business expenses.
And with no annual fee?
You just went from a small business to a smart business.
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