American Express Rolls Out Graphite Business Cash Card with 2% Cash Back and $295 Fee
American Express unveiled the Graphite Business Cash Unlimited Card with a $295 annual fee, offering unlimited 2% cash back on all purchases and 5% on flights and prepaid hotels. Cardmembers spending $50,000 earn a $1,500 bonus, and businesses spending $250,000 unlock up to $2,400 in One AP credits.
1. Card Features and Fees
American Express launched the Graphite Business Cash Unlimited Card with a $295 annual fee, offering unlimited 2% cash back on all purchases and 5% on flights and prepaid hotels through its travel service. The card has no preset spending limit, ensuring ample purchasing power for large expenses.
2. Welcome Bonus Offer
New cardmembers who spend $50,000 within the first six months receive a $1,500 bonus in cash back. Rewards can be redeemed as statement credits or Amazon.com purchases, providing flexibility for different business needs.
3. One AP Statement Credits
Businesses that charge $250,000 in a calendar year unlock up to $2,400 in statement credits toward fees on the One AP accounts payable automation platform. This benefit helps offset costs and streamlines supplier payments.
4. Ideal Users and Comparisons
The Graphite card is best suited for companies with large, variable expenses seeking flat-rate rewards without category caps. Smaller businesses may prefer cards with lower fees or capped rewards, such as the Blue Business Cash Card.