Just a few days back, I’d written about some of the rumors about a brand new Amex credit card being launched very soon. The card is now live on the American Express website and is open for new applicants.
New Amex Credit Card: Graphite Business Cash Unlimited Card
The Graphite Business Card Unlimited Card is a brand new product offered by American Express. Unlike some of their other cards like the Blue Business Plus Card that helps you earn Membership Rewards Points, this is a cash back card that rewards you in the form of ‘reward dollars’. Reward dollars are nothing but simple cash back. 1 reward dollar = $1 in cash back.
Welcome Bonus
With this introductory offer, you can earn $1,500. You’ll earn the welcome bonus once you spend $50,000 in the fist 6 months of card membership. While this may look like a steep requirement initially, it should be easy to meet for many business owners who can put at least a minimum of $8,334 on the card during every month.
Click Here For The $1,500 Offer!
Reward Dollars
Amex will deposit reward dollars into your account once you meet the required spend. Once the reward dollars are deposited into your account, you have a couple of options. You can directly redeem them as a statement credit to your card account for a future statement or use the credits for a purchase on Amazon.com. Before you redeem with Amazon, you will first need to link your card account to your Amazon.com account.
The Basic Card Member can redeem Reward Dollars for statement credits or for eligible items at Amazon.com checkout. The Basic Card Member must link their Card Account to their Amazon.com account in order to use Reward Dollars at Amazon.com. When a Basic Card Member uses Reward Dollars at Amazon.com, we will charge their Card Account for the purchase, deduct the Reward Dollars from the available Reward Dollars on their Card Account, and apply a credit to their Card Account to reflect the Reward Dollars used. If the Reward Dollars used do not cover the full cost of the purchase, the difference will remain charged to the Basic Card Member’s Card Account unless they pay the difference with an Amazon Gift Card.
To link the Reward Dollars on your Card Account to your Amazon.com account, you must first add your eligible Card Account to your payment methods on your Amazon.com account and then you can link the Reward Dollars on your Card Account to your Amazon.com account by either: (a) making a purchase with your eligible Card Account at Amazon.com; or (b) selecting Learn More next to your eligible Card Account at checkout and completing the steps.
Authorized Users or Employee Card Members
You can add additional employee card members. However, there’s a $95 annual fee for every employee you add. You can add up to a maximum of 99 employee card members. You also have the option for going for a $0 annual fee business expense card. Only the primary card member can redeem reward dollars once they link their accounts.
Earning Reward Dollars
- You will earn 2% cash back on all your eligible purchases. There’s no upper limit for this.
- You can earn 5% cash back on flights and prepaid hotels you book with Amex Travel. Similar to the 2% cash back benefit, there’s no upper limit for the 5% cash back benefit as well.
The annual fee for the card is $295.
Extra Rewards For Big Spenders
Similar to the benefit on the Business Platinum Card, cardmembers will earn up to $2,400 in American Express One AP Statement Credits for use in the next calendar year once they spend $250,000 in purchases in the previous calendar year.
In addition to the cash back rewards and the welcome bonus, the card also offers these benefits and protections:
- No foreign transaction fees
- Purchase Protection, Return Protection and Extended Warranty
- Car Rental Loss & Damage Insurance
The Pundit’s Mantra
Overall, this card is a great option if you’re a business that spends heavily and is looking primarily for cash back rewards. The earning rate is simple at a flat 2% on all purchases. You can sweeten the deal if you make frequent purchases with Amex Travel as well. For points and miles enthusiasts, there’s little to cheer as you can only earn statement credits.
What do you think about the brand new Graphite Business Cash Unlimited Credit Card? Tell us in the comments section.
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Credit Card Offers
American Express Business Credit Cards
- Earn 200,000 Membership Rewards points with the Business Platinum Card
- Earn 100,000 Membership Rewards points with the Business Gold Card by American Express
Chase Sapphire Cards
- 75,000 Chase Ultimate Rewards points up for grabs with the Chase Sapphire Preferred Card!
- Earn 125,000 bonus points with the Chase Sapphire Reserve Card
- Earn 150,000 bonus points with the Chase Sapphire Reserve Card for Business Card
- Chase Ink Business Preferred Card offering a limited time welcome bonus of 100,000 points
Hilton Honors
- Pay No Annual Fee, Earn 70,000 points & 1 free night with the Hilton Honors American Express Card
- Earn 130,000 points & 1 free night with the Hilton Surpass Card
- Earn 175,000 points and 1 free night with the Hilton Aspire Card
- Hilton Business Card: Earn 1 free night & 175,000 points!
Marriott Bonvoy Credit Cards
- Earn 5 Free Nights with the Marriott Bonvoy Business Card
- Massive 200,000 Points offer on the American Express Marriott Bonvoy Brilliant Card
- Earn 175,000 Points with the American Express Marriott Bonvoy Bevy Card
Delta
- Pay $0 intro annual fee & earn 90,000 miles with the Delta SkyMiles Gold American Express Card
- Huge 100,000 bonus miles with the Delta SkyMiles Platinum American Express Card
- Earn 125,000 bonus miles with the Delta SkyMiles Reserve American Express Card
- Pay $0 intro annual fee & earn 90,000 miles with the Delta SkyMiles®Reserve American Express Card
- Huge 100,000 bonus miles with the Delta SkyMiles® Platinum Business American Express Card
Why would you ever use this over spark or venture x?
Why would you ever use this over Spark or Venture x?