The Graphite Business Cash Unlimited Card from American Express
By Alex Compton · Last verified
The Plum Card's replacement: unlimited 2% back everywhere for a steep $295.
Welcome Bonus
Under review
Current claim suppressed
Spend Requirement
Under review
Annual Fee
Under review
Last recorded terms remain in the history below
Credit Score
700+
(Good-Excellent)
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-06 | $1,500 | $50,000 in 6 mo | Terms reconfirmed | Archive record · no attached snapshot |
| 2026-03 | $1,500 | $50,000 in 6 mo | Earliest recordLaunch offer, replaced the Plum Card March 25, 2026 | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Source checked 2026-06-11 · spot an outdated offer? Report a correction above.
Last Recorded Earning Rates
These terms are historical context and are not presented as current.
- 5xFlights and prepaid hotels via Amex Travel
- 2xAll other purchasesUnlimited, no caps
Last Recorded Credits
No statement credits, this card wins on earn rates, not coupons.
Last Recorded Benefits
Confirm availability and enrollment requirements with the issuer.
- ✦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.
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