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Blue Cash for Business Credit Card

If you plan to use the card at the “OPEN Savings” participants and qualify for the low interest rate, then Blue Cash® for Business Credit Card is a credit card for business you should consider using.

Quick facts:

  • Our rating: A
  • Interest rate: 0% Introductory APR for 6 months on purchases; variable (7.99%, 9.99%, 11.99%, or 14.99%) thereafter based on your credit history; 7.99% introductory rate on balance transfers for 6 months
  • Earning rewards: not available
  • Reward options: 1%, 2% or 5% cash rebate at the participant merchants depending on the total annual amount spent up to the date when the purchase was made; 0.5%, 1% or 2.5% on all other purchases

As part of the rewards program, the cardholder earns rebates at the merchant which participates in OPEN Savings. The amount of rebate is determined by the total annual spend to date as of the day the purchase is made.

The rebates can be:

  • 1% on OPEN Savings Participants or 0.5% on all other purchases when your year-to-date spend is under $7,500
  • 2% on OPEN Savings Participants or 1% on all other purchases when your year-to-date spend is more than $15,000
  • 5% on OPEN Savings Participants or 2.5% on all other purchases when your year-to-date spend is $7,500.01-$15,000

The OPEN Savings merchants include FedEx®, Hertz® and many more.

The card has no annual fee there’s 0% Introductory APR for 6 months on purchases. The APR is variable (7.99%, 9.99%, 11.99%, or 14.99%) thereafter based on your credit history. The card also has a 7.99% introductory rate on balance transfers for 6 months. The late payment fee is quite low ($19 on balances less than $400 and $38 on balances $400 or greater) which makes the card a good option for those who may carry balance on their cards. The cardholder can choose to either pay in full or over time.

The card also comes with other American Express credit card services such as travel insurance, car rental insurance and purchase protection.

If you qualify for the low interest rate and plan to use the card at the participant merchants in order to benefit from the rebates then the Blue Cash® for Business Credit Card is the good choice for you.

If the Blue Cash® for Business Credit Card isn’t the one for you, read about the many other many other options in both credit cards for business and airmile credit cards.