He Graphite™ Business Cash Unlimited Card is a new option for high-spending business owners looking to earn strong cash back rewards with a simple earnings structure.
This new American Express visiting card fits neatly into the mid-tier space with a $295 annual fee (see rates and fees).
As with any American Express card, the timing of your application is important. Amex generally limits cardholders from earning a bonus per card in a lifetimeso it is important to apply when the offer is highest.
Before you pull the trigger on an app, let’s take a moment to examine the current Graphite card offering.
Current Amex Graphite Card Offer
To help start the Amex Graphite CardAmerican Express offers the following welcome bonus: Earn $1,500 cash back in the form of Reward Dollars after you spend $50,000 on purchases during the first six months of card membership. Reward Dollars can be redeemed as a statement credit and at checkout on amazon.com.
That is one of the higher spending requirements We’ve seen it for any card, including small business cards like this one. Amex is no stranger to high spending requirements for its bonuses, but this one will be especially difficult for many small businesses to meet.
If spending $50,000 in six months isn’t in your plans, consider one of Other Amex cards instead. Many of them have much lower spending requirements, but you’ll still get a lot of value from your bonds.
For example, new The American Express Blue Business Cash™ Card Cardholders can earn a $250 statement credit after spending $3,000 on purchases during the first three months of card membership.
Otherwise, $1,500 in cash back is a fair return for $50,000 in expenses. It’s impossible to say what future offers for this card will be like, since this is the first.
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What benefits will you get with the Amex Graphite card?
He Amex Graphite Card focuses on high spending small businesses instead of new companies or people with secondary activities.
Cardholders will earn 5% cash back on flights and hotels booked through American Express Travel® onlineand 2% cash back all other eligible purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit and at checkout on amazon.com.
As a cardholder, you will receive the following benefits:
- Credits from an AP statement: Up to $2,400 in annual statement credits to use in the next calendar year for monthly Amex One AP rates after you spend $250,000 on purchases in a calendar year (subject to automatic renewal).
- Invoice management with a single AP (registration required)
- American Express Business Plan: Amex’s free cash flow management system that offers snapshots of your eligible Amex and linked external accounts.
- Various travel protections
- Purchase protection* and extended warranty protection*
- Global Support Hotline**
*Eligibility and benefit levels vary by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Policies are underwritten by AMEX Assurance Company.
**Eligibility and benefit level vary by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Cardholders are responsible for any costs charged by third party service providers.
Since the Graphite card charges an annual fee of $295, it’s worth carefully considering how much value you expect to get from these benefits. If you don’t have a high-spending business, this card may not be right for you.
In a nutshell
He graphite card It is best suited for those committed to cash back and American Express. If you’ve decided to apply for this card, make sure you have a plan to meet the $50,000 spending requirement for your welcome offer. You don’t want to miss out on that extra cash back.
If now is not the right time to get this card, keep an eye on this page. You’ll want to check back before submitting an application, just to make sure you’re getting the best deal possible.
Apply here: Graphite Business Cash Unlimited Card
For Amex Graphite Card rates and fees, click here.
