The best card for you will depend on how you prefer to receive your rewards. Read on to find out the details of these cards, how to compare their welcome offers and how to make the best decision for your business.
|welcome bonus||Earn $250 statement credit when you spend $3,000 within the first 3 months of card membership||Earn 15,000 points when you spend $3,000 in eligible purchases within the first 3 months of card membership|
|Rewards rate||2% cash back on all eligible purchases (up to $50,000 annually, then 1%)||Double points when buying up to $50,000 annually, then 1X points; Unlimited double points on prepaid rental cars booked through American Express Travel|
|April Introduction||0% upfront APR on purchases for 12 months (14.74% to 22.74% variable APR thereafter)||0% upfront APR on purchases for 12 months (14.74% to 22.74% variable APR thereafter)|
|Annual fee||0 dollars||0 dollars|
Highlights vs. Amex Blue Business Cash vs. Amex Blue Business Plus
Whether you choose Amex Blue Business Cash or Amex Blue Business Plus will depend on how you prefer to receive your rewards. To better evaluate the two cards, we will compare them in several categories.
Welcome Bonus Winner: Amex Blue Business Plus
With Amex Blue Business Cash, you will earn $250 after making eligible purchases of $3000 within the first 3 months of opening your account. For Amex Blue Business Plus, you’ll receive 15,000 points after you spend $3,000 in eligible purchases during the first three months.
According to The Points Guy’s latest reviews, American Express Membership Rewards points are worth up to 2 cents each when redeemed with an American Express remittance partner, which includes airlines such as Air France and British Airways. This means, at most, that the welcome bonus with Amex Blue Business Plus will be worth $300, which is $50 more than the welcome bonus with Amex Blue Business Cash.
However, when you redeem American Express Membership Rewards points for gift cards or air travel through the Amex portal, the value of your Amex points drops from two cents each to one cent each. This means that the welcome bonus from Amex Blue Business Plus could be worth up to $150 instead of $300.
Reward rate winner: Amex Blue Business Plus
Amex Blue Business Cash offers 2 percent cash back on all eligible purchases (up to $50,000 per year, then 1 percent) and Amex Blue Business Plus offers 2X points on up to $50,000 in purchases annually (then 1X points). For cardholders who plan to rent cars often, you’ll also get unlimited double points on prepaid rental cars booked through American Express Travel.
In addition, Amex Blue Business Plus offers much more flexibility to redeem rewards than Amex Blue Business Cash. However, keep in mind that the value of Amex points depends entirely on how you redeem them. It’s valued at 2 cents each when you book travel with an American Express travel partner, but when you exchange it for hotel accommodation with American Express Travel, it drops to about 0.7 cents per point.
If you plan on spending more than $50,000 annually, you’ll want to consider other American Express business credit cards because both options cut their rewards in half once you reach that spending limit.
Annual Fee Winner: Draw
Amex Blue Business Cash and Amex Blue Business Plus both charge $0 in annual fees.
Foreign Transaction Fee Winner: TIE
Both cards charge a foreign transaction fee of 2.7 percent. Given that major credit card issuers charge about 3 percent on foreign purchases, that’s a competitive rate. However, some credit cards do not charge fees for foreign transactions. If you know you’ll be traveling abroad a lot and plan to spend on your credit card, consider a card that doesn’t charge these fees.
Which card do you win the most?
Amex Blue Business Plus has the potential to earn more, as long as the reward points are redeemed through an American Express transfer partner.
Example of spending Amex Blue Business Cash vs. Amex Blue Business Plus
During your first year with the Amex Blue Business Cash Card, let’s say you spend $20,000 and meet the requirements to earn the welcome bonus. In your first year, you will earn:
- Welcome Bonus: $250
- Rewards: $400
Now, let’s say you spent $20,000 with the Amex Blue Business Plus Card and earned the welcome bonus. In your first year, you will earn:
- Welcome bonus: 15,000 points
- Rewards: 40,000 points
For Amex Blue Business Plus, if we rate each point as being equal to 2 cents each, your welcome bonus will be $300 and your rewards will be $800, which means you will receive an additional $450 in value for spending the same amount.
However, if we value the Amex points at 1 cent each, you will receive only $150 as a welcome bonus and $400 in bonuses, which is $100 less than what you would get with the Amex Blue Business Cash Card.
Why should you get Amex Blue Business Cash?
While the advantages of this card are minimal, the card’s Expanded Buying Power feature is worth mentioning. Amex’s extended buying power will allow you to spend beyond your credit limit without over-limit fees should you encounter a sudden expense or an opportunity that can’t be missed. However, these purchases are evaluated on a case-by-case basis.
Additionally, this card offers some standard credit card benefits such as loss insurance, auto insurance, extended warranty insurance, and purchase protection.
When it comes to redeeming your Amex Blue Business Cash rewards, options are limited to auto-statement credits up to two billing cycles after billing statements. While many cashback cards offer options like direct deposit or check, Amex Blue Business Cash does not offer this flexibility.
Recommended credit score
To increase your odds of approval, this card is recommended with a good to excellent credit score (FICO score 670 to 850).
Why should you get the Amex Blue Business Plus?
First of all, online orders for Amex Blue Business Plus are processed quickly. You will be able to see if you have been approved in less than 30 seconds. Like the Amex Blue Business Cash, this card offers purchase protection, extended warranty coverage, and extended buying power if unexpected expenses arise. This card also provides employee cards and the ability to set spending limits for each card. Additionally, you can choose an account manager for your card to manage the card’s finances.
Amex Blue Business Plus offers a great deal of flexibility in how you redeem your rewards. The best way to redeem Amex Membership Rewards points is through Amex travel partners. However, you can also redeem it for travel booked through the American Express portal, statement balances, gift cards, merchandise, or purchases with select merchants like Amazon or Best Buy. Keep in mind that you will not get the same amount of value from your points by redeeming them with these options.
Recommended credit score
Good to excellent credit (between 670 and 850) is recommended for this card.
The Amex Blue Business Cash and Amex Blue Business Plus are solid business credit cards as long as you don’t plan to spend more than $50,000 a year. The right choice for you depends on whether you prefer receiving your rewards in the form of cash back or points. Some business owners prefer the simplicity of cashback, while others want the flexibility that rewards can provide. However, before making any decision, be sure to check out our other best business credit cards to see if another card might work better for you.