Earn unlimited 2% on every purchase

American Express is launching a new card for business owners with simple cash back rewards on every business expense.

Amex already offers a significant number of small business credit cards, designed for everything from  luxe travel benefits to simple cash-back rewards. Now, you’ll have the option to earn an unlimited 2% flat cash back and more using the American Express Graphite™ Business Cash Unlimited Card.

Here’s more about the new Amex Graphite Business card and whether you should consider it for your business expenses:

For its $295 annual fee (see rates & fees), you’ll earn an unlimited 2% cash back on every purchase and a boosted 5% cash back on flights and prepaid hotel bookings through American Express Travel®.

There’s also a solid welcome offer for new cardmembers. After spending at least $50,000 within the first six months, you’ll earn $1,500 bonus cash back. That’s equal to about $8,333 per month — which requires some significant business spending after you open your card. But combined with bonus rewards can go a long way toward maximizing your first-year value.

When you’re ready to redeem the Rewards Dollars you earn, you can cash them in for statement credits toward your card or for Amazon.com purchases when you checkout on the site.

The Amex Graphite Business Cash Unlimited doesn’t have a ton of added benefits, but there are some tools you can use for your business. When you spend $250,000 in a calendar year, you’ll unlock up to $2,400 in statement credits to use the following year on fees for One AP®, Amex’s accounts payable automation platform (terms apply). You can also get additional cards for employees for $95 each, which earn the same rewards on spending.

The new Amex Graphite Business Cash Unlimited Card is best for business owners with large annual budgets and variable expenses.

Flat, 2% cash back on every purchase can be a great way to maximize business spending, especially if your expenses change each quarter or span a wide range of categories. It’s also useful if you have very high spending some months but make fewer purchases in other months. The best benefit of a flat cash-back card is flexibility.

But between the $295 annual fee and the very high minimum spend required to earn the welcome bonus, make sure your usual spending is high enough to maximize this card’s value. That’s easier with a large annual business budget. To offset the annual fee and earn $295 from 2% cash back, for example, you’ll need to spend at least $14,750 annually.

For businesses with large budgets, though, this card can be very useful.

Many other cash-back business cards cap bonus rewards after a certain annual maximum. But with the Amex Graphite card, you can guarantee at least 2% cash back on every dollar you spend throughout the year. There’s also no preset spending limit for your card account, so you’ll have plenty of purchasing power if you need to make a large purchase for your business.

Finally, you’ll only unlock one of this card’s biggest benefits — the $2,400 in statement credits for Amex’s One AP platform, which helps you streamline payments to suppliers — when you spend at least $250,000 in a calendar year.

Read more: How to get a business credit card

These are a few more of our top business credit cards available today with great cash-back rewards and manageable annual fees.

Why we like it: The Amex Blue Business Cash Card is another 2% flat cash back option from American Express, but this card has no annual fee and limits your 2% rewards to the first $50,000 spent each calendar year. If you have a smaller business budget or you’re a freelancer, this could be a better choice for earning flexible rewards on spending without a fee.

Read our full review of the American Express Blue Business Cash Card

Why we like it: The Capital One Spark Cash Plus offers an unlimited 2% cash back on every purchase for a lower $150 annual fee — which you can even get refunded if you spend more than $150,000 on your card in an anniversary year.

This card is also good for significant business spending, with no preset spending limit, a big cash bonus with a steep minimum spend, and a tiered welcome bonus that rewards you as you spend larger amounts using your card over your first year.

Read our full Capital One Spark Cash Plus review

Why we like it: Chase’s Ink Business Cash card has a solid welcome bonus with a much smaller spending threshold for new cardholders. It’s another no-annual-fee card with cash back, but rewards are focused across a few bonus categories.

Compare your most frequent purchases to see if you can earn more with 5% cash back (up to the first $25,000 spent) at office supply stores and internet, cable, and phone services as well as 2% cash back (up to the first $25,000 spent) at gas stations and restaurants, than you would using a flat cash back card.

Read our full review of the Ink Business Cash Credit Card

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