New American Express Graphite Card Boosts Business Cash Flow, Spend Power

American Express has introduced a powerful new lending tool for business leaders. The company announced the release of the American Express Graphite Business Cash Unlimited Card on March 25. 

The new offering is likely to please those who have been in the market for a credit card that provides a straightforward path to earning unlimited cash back rewards.

Cardholders can earn unlimited 5% cash back when they use the new card to purchase flights and prepaid hotel reservations via American Express’s travel portal. The card also allows people to earn 2% cash back on all other eligible transactions.

Raymond Joabar, Group President, Global Commercial Services at American Express, said in a press release that business owners want to trust that their business spending is serving them well.

“By combining unlimited 2% cash back with powerful spending capacity, the Graphite Card can help businesses fuel growth, improve cash flow management, and strengthen their bottom line,” Joabar added.

The Graphite Card offers a straightforward rewards program to help business owners expand their company’s operations.

The Graphite Card isn’t the only solution American Express has introduced to businesses this year. The company launched a program in February that helps businesses manage cash flow and accesses an instant line of credit.

The new product is available as a metal card, and carbon fiber played a part in inspiring its design, according to the press release. A credit card that features metal in its design can serve as a status symbol for cardholders.

A spokesperson for American Express told Payments Dive earlier this year that the company aims to keep bringing metal cards — as well as other specialty cards — to the market because its customers love them.

Even established businesses encounter obstacles when it comes to accessing more purchasing power. The new card from American Express goes a long way toward addressing those challenges with a feature the company calls No Preset Spending Limit.

With No Preset Spending Limit, cardholders have a dynamic limit. How much a person can spend on the Graphite Card fluctuates according to their credit history and purchase and payment behaviors.

Business owners have a variety of options to choose from when shopping for a credit card that allows them to earn cash back.

The Chase Ink Business Premier card may attract individuals who frequently make high-dollar purchases. The card offers unlimited 2% cash back on business purchases. But it boosts a cardholder’s ability to earn cash back on significant purchases by rewarding them with 2.5% cash back on buys of $5,000 or more.

Capital One offers versions of its Spark credit cards that also connect business owners with 2% cash back on spend. 

But certain segments of the credit card market are likely to find the value proposition of American Express’s new card particularly appealing, especially if they are attracted to its design. 

The Graphite Card has an annual fee of $295, and cardholders can get employee versions of the card for their teams at a reduced rate.