American ExpressThe Graphite Business Cash Unlimited Card from American Express
The Plum Card's replacement: unlimited 2% back everywhere for a steep $295.
Welcome Bonus
$1,500
≈$1,500 value
Spend Requirement
$50,000
in 6 months
Annual Fee
$295
No FTF
Credit Score
700+
(Good-Excellent)
Current offer note: $1,500 cash back as Reward Dollars; some applicants see $2,000 targeted
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Last verified 2026-06-11 · spot an outdated offer? Tell us in the comments.
Earning Rates
- 5xFlights and prepaid hotels via Amex Travel
- 2xAll other purchases
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦No preset spending limit
- ✦Up to $2,400 in One AP statement credits with $250k in eligible annual spend
- ✦Amex business expense tools and account alerts
- ✦Purchase protection and extended warranty
- ✦No foreign transaction fees
Why it earns its spot
- +Uncapped 2% on an Amex business credit card is new territory
- +5x on Amex Travel flights and hotels is a real kicker
- +No foreign transaction fees, rare for an Amex cash back card
Where it costs you
- −$295 annual fee for a 2% card is a hard sell
- −Bonus requires a heavy $50,000 spend in 6 months
- −Ink Premier does 2.5% on big purchases for $100 less
The Compound Verdict
Amex retired the Plum and answered the Ink Premier with this. The math only works if you spend enough for uncapped 2% plus the travel 5x to outrun the $295 fee, roughly $30k+ a year of spend that would otherwise earn nothing extra. Most small businesses should grab the bonus value elsewhere first.
Rate this card
Be the first to rate it
Commentson Amex Graphite
Comments are stored in your browser during our community preview. Accounts, moderation and cross-device sync arrive with Credit Compound Community.