The Business Cash Rebate Credit Card, issued by American Express, is designed for those with good or excellent credit who plan to take advantage of the cash back reward program.
The card has a reasonably low interest rate for those who qualify, providing a low cost option for paying business expenses over time. The card offers a 0% introductory rate for purchases for the first six months. There is also an introductory rate of 7.99% offered for balances transferred during the first six months of membership, which applies for the life of the loan.
Through the rebate program, cardholders earn a cash reward that varies according to the amount spent per year. General purchases earn up to a 2.5% rebate, and "Open Savings" purchases earn up to a 5% rebate. However, once the annual spending exceeds $15,000, the rebate for additional general purchases is 1%, and the rebate for additional "Open Savings" purchases is 2%. "Open Savings" purchases are those made at participating merchants.
Aside from the cash rebates, this card provides common benefits and services commonly found with American Express credit cards, such as the buyer's assurance plan, purchase protection plan, and travel accident insurance. Cardholders also receive special discounts at participating merchants and retailers.
Therefore, those who qualify for the lowest rate offered and plan to take advantage of the cash back reward program for "Open Savings" purchases (to earn the highest rebate) may find the Business Cash Rebate Credit Card to be a suitable option.
Most Attractive Feature(s):
Up to 5% cash back reward; no annual fee; 0% introductory rate.
Least Attractive Feature(s):
Not all applicants may qualify for the lowest rate offered.
Additional Perks
Access to OPEN: The Small Business Network services.
Various Internet account related services.
Extended warranty for purchases.
Lost luggage insurance.
Auto rental insurance.
Purchase protection.
Travel accident insurance.
Access to various discounts at participating retailers and merchants.
Emergency card replacement.
Various travel and emergency assistance services.
See website for additional benefits.
Important Notations
Card is currently unavailable to residents of Puerto Rico.
The APR for purchases and balance transfers varies according to the applicant's credit history and is either 2.99%, 4.99%, 6.99%, or 9.99% + Prime Rate.
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