Increased Offer for SimplyCash Plus Business Credit Card from American Express

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The newly introduced SimplyCash Plus® Business Credit Card from American Express just upped their sign up bonus where you can now earn up to $400 cash back. That is a significant increase then their initial offer when the card was publicly launched back in May 2016. This card is very similar to the existing SimplyCash card (non-Plus version), but allows big spenders to earn even more points!

Key Link:

  • SimplyCash Plus® Business Credit Card from American Express: Special Offer: Earn up to $400 cash back –> Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership. Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership. No annual fee. *Terms and limitations apply.See Rates & Fees

Earning points with this card…

Similar to the existing version of the card, you’ll still earn points in the following manner:

  • 5% cash back at US office supply stores and wireless phone services purchased directly from U.S. wireless providers. 
  • 3% cash back at a category of your choice.
    • Airfare purchased from airlines
    • Hotel rooms purchased from hotels
    • Car rentals purchased from select car rental companies
    • U.S gas stations
    • U.S. restaurants
    • U.S. purchases for advertising in select media
    • U.S. purchases for shipping
    • U.S. computer hardware, software and cloud computing purchases made directly from select providers —> this is a new category only for the SimplyCash Plus card
  • 1% cash back on all other purchases and after you hit the spend threshold on the bonus categories

With this card you are capped at earning the 5% and 3% cash back on purchases up to $50,000 per calendar year. This is a very generous cap, while the non-Plus version is capped at $25,000. The cap is on a yearly basis and after that you earn 1% cash back on on those category purchases. For the regular user, this is not a huge advantage, but if you are a big spender, these extra points can add up big time!

Other Perks

  • Access to the American Express OPEN Savings program. I wrote about this more here, but essentially you can get 5% as a statement credit at participating merchants, i.e., Hertz. There are stipulations to each program, so make sure to look at the prior post about the certain caveats. If you were to rent Hertz card often, for example, and selected the 3% cash back on car rentals, this would end up giving you 8% cash back.
  • Receive statement credits with Amex Offers. Since this is an American Express credit card, you’ll be eligible to take advantage of more American Express offers. This means you can earn statement credits at many popular merchants with a credit card that doesn’t have an annual fee! If you partake in these offers then you are already ahead!


This is a great cash back offer for a no annual fee credit card! Typically credit card sign up offers that give you money in your pocket (instead of points/miles) and do not come with a yearly charge have a far less sign up bonus. With that being spend, the minimum spend to earn the points is high, but you do have a good portion of the year to hit the threshold. If you are in the market for a no annual fee cash back card with a nice sign up bonus, I highly recommend this card. It also does give you a nice return on some common purchases based on the category you select.

Disclosure: This post contains affiliate links. As always, thanks for supporting the blog and enjoy traveling on a deal!


  1. That’s actually decreased, not increased. I just got approved last week for a spend $10,000 get $1,000 signup bonus for it.

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