New American Express Graphite Business Cash Unlimited Card
American Express introduced the American Express Graphite™ Business Cash Unlimited Card. The all-new Graphite™ Card is a cash back business card that comes with a $295 annual fee. It is a metal Card with a carbon fiber-inspired design that offers 2% cash back on all purchases, 5% on American Express Travel bookings, and a welcome bonus of $1,500. Let’s go over the details.
Welcome Bonus
- The GraphiteTM Card has a Welcome Offer of $1,500 cash back after Card Members spend $50,000 on purchases with their Card within the first 6 months. Offers may vary. Terms Apply.
- Annual Fee: $295
- Card Members can get metal Employee Graphite Business Cash Unlimited Cards for $95 per year for the first 5 Cards, and $95 for each thereafter. An Employee Business Expense Card for no Annual Fee is also available.
- OFFER LINK
Earning Cash Back
- Unlimited 2% cash back on all eligible purchases
- Unlimited 5% cash back on flights and prepaid hotel bookings through American Express Travel.
Benefits
- Up to $2,400 in statement credits for use in the next calendar year on American Express One AP® monthly fees after you spend $250,000 in this calendar year.
- No Preset Spending Limit: A flexible spending limit can give small business owners the ability to unlock more purchasing power. Unlike a traditional credit card with a set limit, the amount Card Members can spend adapts based on factors such as purchase, payment and credit history.
- Pay Over Time: The ability to carry a balance with interest up to the Pay Over Time Limit so Card Members can handle expected or unexpected expenses that come their way.
- Purchase Protection: Up to $1,000 per Covered Purchase, up to $50,000 per calendar year.
- Return Protection: Up to $300 per item, up to a maximum of $1,000 per calendar year
- Car Rental Loss & Damage Insurance
- Extended Warranty
- No Foreign Transaction Fees
Guru’s Wrap-up
I expected some other benefits on the card with the $295 fee. But I guess it’s mainly the unlimited 2% earning and the $1,500 bonus requires $50,000 in spend. So this is a card that caters to small businesses that are looking for a simple cashback card for large spend. If you plan on spending exactly $50,000 then you’re getting 4.41% cash back with this card.
The welcome bonus is also available through referral links. So if you plan to apply you can use a link from a friend or family members and they will earn a referral bonus.
Let me know what you think!
