Back in January, American Express launched the new SimplyCash Plus Business credit card, but only made it available to select small business owners. Now, it has made the card available to the general public.
What’s special about this card? There are a couple of things that stand out. First, while you are given a credit limit on the card, it also almost acts like a charge card, in that you are given the ability to spend beyond your credit limit in order to help pay for larger purchases, while still earning cash back. Second, it offers a good deal of flexibility in cash back category choices. The card earns 5% cash back at office supply stores and wireless telephone services, 3% cash back in one of a list of eight categories and 1% cash back on other purchases. The 5% and 3% categories apply to the first $50,000 in purchases per year. What’s also nice is that there is no annual fee and a signup bonus worth up to $500.
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