Earn As High As $2,000 Cash Back On The AMEX Graphite Business Cash Unlimited Charge Card!

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Update: The Welcome Bonus on this card is now as high as $2,000 cash back. Apply to find out your bonus with no impact on your credit score!

Graphite™ Business Cash Unlimited Card

Welcome bonus

You can apply and find out your welcome offer and earn as high as $2,000 cash back for opening the American Express Graphite™ Business Cash Unlimited Card and spending $50,000 within your first 6 months of card membership.

That’s up from the previous $1,500 welcome bonus offer.

Combined with the cash back on purchases, you will earn up to $3,000 cash back after spending $50K in 6 months.

Apply, and if approved, you will find out your offer amount. You can then accept the card with your offer or decline to open the card. After you spend $50,000 in 6 months, you will receive the points. Welcome offers vary and you may not be eligible for an offer.

There is no impact on your credit score if you don’t accept the card offer. If you’re approved and accept the card, your credit score may be impacted. In general, AMEX doesn’t do a hard credit pull for anyone who already has an AMEX card.

Post what offer you receive!

Annual fee

$295.

Metal Employee Graphite Business Cash Unlimited Cards are $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.

Terms and restrictions apply, see rates and fees here.

Welcome bonus terms

As with all AMEX cards, if you’re an existing AMEX cardholder, there is no hard credit pull for applying for a card.

You can tell if you are eligible for an AMEX welcome bonus by simply applying. If you are not eligible for the bonus you will get a popup notification after clicking to apply for the card. At that point you can decide whether to proceed or cancel the application before it is actually processed.

You must keep the card active without closing or downgrading it for at least 12 months.

Card earnings

• Earn unlimited 2% cash back on all eligible purchases.
• Earn 5% cash back on flights and prepaid hotel bookings through Amex Travel®.
• Reward Dollars can be redeemed as statement credits or at Amazon.com checkout.
• There are no foreign transaction fees.

Charge card flexible spend limit

This is a charge card with a flexible spending limit.

This can give small business owners the ability to unlock more purchasing power. Unlike a traditional credit card with a set limit, the amount you can spend adapts based on factors such as purchase, payment, and credit history. Rather than having a set limit, you could grow your purchasing power the more you consistently use your Card and regularly make payments

You can choose to pay for your charges on time or over time with interest.

$2,400 One AP Statement Credit

Earn up to $2,400 in statement credits for use in the following calendar year on monthly fees for American Express’ accounts payable automation platform One AP® after spending $250,000 on eligible purchases on a Graphite Card in a calendar year.

Spend Threshold

If you need a little help to meet the threshold, you can pay your federal taxes for a 1.85% fee. If you overpay your taxes, you can request a refund or apply it to your next year’s taxes.

My local natural gas company allows me to prepay up to $1,000 on a credit card for a $1.65 flat fee. That’s a great way to earn miles and help meet a spend threshold. My electricity supplier allows me to pay with a credit card for free as long as I am enrolled in autopay.

AMEX Offers and other benefits

• Earn statement credits at stores that you register for in your AMEX account with AMEX Offers.
• Platinum Concierge.
• Preferred Seating Program at select cultural and sporting events.

Premium AMEX Protections And Lost Item Protection

• Purchase protection, up to $1,000 per purchase and $50K/calendar year.
• Return protection, up to $300 per item and $1K/calendar year.
• Extended warranty
• Car Rental Loss & Damage Insurance
• If you need to dispute a charge there’s nobody who makes it easier or as pain-free as American Express does. It’s the easiest dispute resolution process in the industry by leaps and bounds and you can do it all online.
• See this post to see just how amazing AMEX benefits can be.
• Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply.
• Please visit americanexpress.com/benefitsguide for more details.

My favorite AMEX benefit is return protection. If you need to return an item up to $300 and a store won’t take it back due to a time limit or final sale return policy, AMEX will gladly refund you in full thanks to return protection. 

Nearly all of the time you’ll even be able to keep the item you want to return! This benefit is valid for $1,000 of returns per card per calendar year.

Additional user cards are available at no cost and also get their own $1,000 per year return protection allowance!

Additionally, if a store charges a restocking fee to return an item then AMEX will cover that cost, up to $300/item, as part of their return protection coverage.

• With Return Protection, you may return eligible purchases to American Express if the seller won’t take them back up to 90 days from the date of purchase. American Express may refund the full purchase price excluding shipping and handling, up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express® Card. Purchases must be made in the U.S. or its territories.
• Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply.
• Please visit americanexpress.com/benefitsguide for more details.

Business vs Consumer card:

AMEX business cards don’t appear on your credit report. That’s good for several reasons.

First of all they won’t count against your 5/24 count for opening new Chase cards. Only cards on your report that have been opened within the past 24 months count for that.

Second, when you spend money on personal cards your credit score will be hurt even if you pay your bill on time. A whopping 30% of your credit score is based on credit utilization. You can pay off your card bill before your statement is generated to avoid that, but that takes effort and laying out money well before you have to. Additionally, it’s good to have the statement close with a couple of dollars to show the card is active and being paid every month. On an AMEX business card it’s just not reported, so you can wait until the money is due without it having a negative effect on your score.

Third, if you close a business card it won’t ever have an effect on your score.

You may already have a business that needs a card to keep track of expenses. For example, if your name is Joe Smith and you sell items online, or if you have any other side business and want a credit card to better keep track of business expenditures, you can open a business credit card for “Joe Smith” as the business. You don’t need to file any messy government paperwork to be allowed to do that. Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field

Dan’s Quick Thoughts:

The as high as $2,000 welcome bonus makes this a compelling card to open if you can meet the spend threshold.

For smaller spenders, AMEX already has the no annual fee American Express Blue Business Cash™ Card, which earns 2% cash back everywhere, and the Blue Business® Plus Credit Card from American Express, which earns 2 points per dollar everywhere. However, those cards only receive those earnings on up to $50K of spending per calendar year. Those are also credit cards, which have fixed credit lines. And they have foreign transaction fees.

The Graphite card’s $295 annual fee is hefty, but businesses with big spending that want a charge card with a flexible line of credit, 2% back everywhere with no earnings cap, and no foreign transaction fees, may find it worthwhile.

It’s worth noting that Capital One Spark Cash Plus is also a business charge card with a flexible line of credit that earns 2% cash back everywhere with no foreign transaction fees. It has a lower $150 annual fee, and that fee is refunded if you spend $150K/year on the card. Capital One also allows you to convert the cash back into miles at a 1:1 ratio. Read more here.

The Chase Ink Premier is also a business charge card with a flexible line of credit that earns 2% cash back everywhere with no foreign transaction fees and 2.5% back on $5K+ trasnactions. It has a $195 annual fee.