American Express Announces New Graphite Business Cash Unlimited Card
American Express is preparing to launch a new business credit card, the Graphite™ Business Cash Unlimited Card, designed to appeal to businesses prioritizing simple cash back rewards. The card was teased on Instagram @americanexpressbusiness on Thursday, with a caption highlighting its strength, adaptability, and readiness for the future.
Key Features and Rumored Details
According to information surfaced on U.S. Card Forum, the Graphite Business Cash Unlimited Card is expected to offer:
- Unlimited 2% Cash Back: Earn 2% cash back on all eligible purchases.
- 5% Back on Amex Travel: Potentially earn 5% cash back on flights and prepaid hotels booked through American Express Travel®.
- Annual Fee: A $250 annual fee.
How it Compares to Existing Options
The new card is positioned to compete directly with the Chase Ink Business Premier® Credit Card, which as well carries a $250 annual fee and offers 2% cash back on every purchase, with increased rates for higher spending and travel booked through Chase Travel℠.
For business owners who prioritize travel rewards and the flexibility of transferable points, American Express’s Blue Business Plus® Credit Card remains a compelling alternative. This card offers 2x Membership Rewards® points on everyday business purchases (up to $50,000 annually), with a return to 1x points thereafter. It has no annual fee.
Who is This Card For?
Even as the Graphite Card’s unlimited 2% cash back could be attractive to high-spending businesses, those who frequently utilize travel rewards or already benefit from other business cards may find the Blue Business Plus® a more valuable option. The Graphite Card appears to target business owners who prefer the simplicity of cash back and do not prioritize travel benefits.
Bottom Line
The American Express Graphite Business Cash Unlimited Card, if the rumors prove accurate, offers a straightforward cash-back earning structure with a moderate annual fee. It presents a competitive option for businesses seeking uncomplicated rewards, but those focused on maximizing travel benefits should consider alternatives like the Blue Business Plus® Card.