The Amex SimplyCash Plus Business Card has a great targeted offer for a $1,000 sign up bonus. It’s a targeted offer that comes with a hefty spending requirement, but considering that you can only get these offers once per lifetime, it makes sense to apply for the biggest offer.

• Get $500 after you spend $5,000 in the first 3 months OR
• Get $1,000 after you spend $10,000 in the first 3 months

This card is similar to the Chase Ink cards but it doesn’t have an annual fee. Besides 5% cash back at U.S. office supply stores and on wireless telephone services it also comes with 3% cash back on the category of your choice from a list of eight. All other purchases earn 1%. 5% and 3% apply only to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back earned is automatically credited to your statement. So if you do your spending requirement on the 5% categories, you can get 15% back on your first $10,000.

It is a charge card and a credit card in one. It allows you to buy above your credit limit and get cash back on those purchases too – with no overlimit fees. The amount above your credit limit is due in full each month as part of your minimum payment due. The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record etc.

As you can see the card is very similar to the Amex SimplyCash Business Card, but with double the limit on bonus categories. It is meant to be a competitor to the Chase Ink Plus card, but I think most people would value UR much more than 1 cent a piece.

Card Details

• TARGETED
• Up to $1,000 Sign Up Bonus
  • Get $500 after you spend $5,000 in the first 3 months OR
  • Get $1,000 after you spend $10,000 in the first 3 months
• 5% cash back at U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers
• 3% cash back on one of the following categories
  • Airfare purchased directly from airlines
  • Hotel rooms purchased directly from hotels
  • Car rentals purchased from select car rental companies
  • U.S. gas stations
  • U.S. restaurants
  • U.S. purchases for advertising in select media
  • U.S. purchases for shipping
  • U.S. computer hardware, software, and cloud computing purchases made directly from select providers
• 1%  cash back on other purchases
• No overlimit fees
• No Annual Fee

HT: reddit