American Express Launches New Graphite Business Cash Unlimited

Business owners can earn a ton of points and miles each year through their business spending. Most small businesses spend way more than any individual ever can and with that comes a ton of points. Small businesses are an extremely valuable segment for credit card issuers. However, most small businesses don’t optimize which card they are using to maximize their spending and jus tuse one card for everything, leaving tons of points and mile son the table.

New American Express Graphite Business Cash

American Express Graphite Business Cash Unlimited Details

American Express just announced their new Graphite Business Cash Unlimited card. Let’s jump into the details of this card and if it makes sense for small business owners. Also, what a mouthful of a name!

Direct Link

Welcome Bonus:

• $1,500 cash back after spending $50,000 in the first 6 months. If you spend exactly $50,000 you’ll earn 4.41% cash back.

• Some are reporting a $2,000 bonus through a referral link in incognito mode. If you are targeted for the $2,000 bonus, that is the equivalent to 6% cash back on $50,000 of spend which is hard to beat!

Targeted $2,000 Welcome Bonus

Earning Structure:

• 5% cash back on all flights and prepaid hotel bookings through Amex Travel.

• 2% cash back on everything else with no caps

Annual Fee: $295

• Employee Graphite metal cards can be ordered for $95 for the first 5 cards, then $95 for each card after that.

• Employee expense cards (plastic) can be ordered for no fee

Foreign Transaction Fee: none

My Take

This is a decent cash back card for business owners but I don’t love the annual fee on this cash back card. I would much rather have the Capital One Venture X Business card that earns 2x transferable miles and come with Capital One Lounge access and a Priority Pass membership for $395 a year.

If you can spend exactly $50,000 you’ll earn between 4.41% and 6% cash back depending on which offer you get. That’s pretty good and would be a great pick up. After that, I would switch back to the Capital One Venture X Business card.