SimplyCash Business Credit Card | Business Credit Card Application
Simply Cash

Terms and Conditions
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Disclosure
Our Agreement
Additional Information


IMPORTANT INFORMATION REGARDING YOUR APPLICATION

  Annual percentage rate for purchases
  Other APRs
  Variable rate information
  Grace Period for repayment of the balance for purchases
  Method of computing the balance for purchases
  Annual Fee
  Minimum finance charge
0.0% Introductory APR for Purchases for 6 months or 12 months of Cardmembership, depending on our review of your application and credit history. Then, 13.24%,15.24% or 17.24% respectively, as determined by us based on our credit evaluation and a number of factors, including size of the credit line.
Balance Transfer APR§: Balance Transfers posted to your account will receive the standard APR for purchases.
Cash Advance APR: 21.24%.
Default APR: Variable Rate of 19.24% (27.24% for cash advances) for defaulted accounts; 27.24% on all balances for seriously defaulted accounts*.
The following APRs may vary. The APR for purchases and balance transfers§ is determined for each billing period by adding 9.99%,11.99% or 13.99% to the Prime Rate. The APR for cash advances is determined for each billing period by adding 17.99% to the Prime Rate. The APR for defaulted and seriously defaulted accounts is determined for each billing period by adding 15.99% or 23.99%, respectively, to the Prime Rate†.
25 days for purchases, if the previous balance shown on each billing statement is paid in full by each respective due date.
Average daily balance (including new purchases).
None
$0.50

Other Fees: Late payment fee: $19 on balances less than $400 and $38 on balances $400 or greater. Overlimit fee: $35. Balance transfer§ fee: There is no balance transfer transaction fee associated with this offer. However, future balance transfers may incur a fee as disclosed at the time of the applicable offer or transaction. Fee for Cash Advances: 3% of each transaction with $5.00 minimum and no maximum.

Patriot Act Notice: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, including your name, address, date of birth and other information that will allow us to verify your identity.

§ Important Notice: We do not offer balance transfers at this time.

* Your account is reviewed monthly and will be considered in default if during the Review Period a payment of the Minimum Amount Due is not credited to your account by the Payment Due Date in any two billing periods, or seriously in default if (a) a payment of your Minimum Amount Due is not credited to your account by the Payment Due Date in any three or more billing periods, (b) a payment of your Minimum Amount Due is not credited to your account by the Payment Due Date in any two consecutive billing periods, (c) a payment on your account is not honored by your bank or financial institution, or (d) you exceed any designated credit limit on your account three or more times, in each case during any portion of the 12–month period ending with the Closing Date of the current billing period ("Review Period"). If any Default APR is applied, it will apply for a minimum of 12 consecutive billing periods beginning with the current billing period (unless a higher APR is triggered). Any introductory APRs or promotional APRs will terminate if you fail to pay any Minimum Amount Due by its Payment Due Date, or upon any condition that causes a default or other penalty rate to apply to your Account, and the applicable default or penalty rate will apply. We may apply payments and credits first to your balances with lower APRs (including balances with promotional APRs) before balances with higher APRs. This will result in the lower APR balances being paid before the higher APR balances.

†The Prime Rate for each billing period is the Prime Rate published in The Wall Street Journal on the first day of that billing period or two days prior to the closing date of that billing period, whichever is higher. For either of those days that is not a customary publication day for The Wall Street Journal we will substitute the closest preceding customary publication day. Variable APRs are accurate through 11/15/2009.

The terms of your account, including APRs, are subject to change. The APRs for this offer are not guaranteed; APRs may change to higher APRs, non-variable APRs may change to variable APRs, or variable APRs may change to non-variable APRs. We may change the terms (including APRs) at any time for any reason, in addition to APR increases for failure to comply with the terms of your account. Any changes will be in accordance with your Cardmember Agreement. This information is accurate through 11/15/2009.

New York residents may contact the New York Banking Department to obtain a comparative list of credit card rates, fees, and grace periods by calling 1–800–518–8866.

This offer is not available to residents of Puerto Rico.



Information on Balance Transfers: If I have been offered and have accepted an opportunity to transfer balances on credit cards to American Express Bank, FSB ("AEFSB"), I authorize AEFSB to forward payment on my behalf on the account(s) indicated in my application to the related account-issuing bank(s). I understand that total balance transfers, including fees, cannot exceed $50,000 in a 180-day period, and that my American Express Credit Card Account will be debited for the total approved transfer amount requested up to my available line of credit. If my request exceeds the available credit line or amount approved, the transfer request may be honored and processed in part for a lower amount than requested, or the transfer request may be declined. I understand that finance charges will begin to accrue at the time a check is issued to my current credit card institution. I also understand that I will receive the Cardmember Agreement prior to the processing of the balance transfer. I certify that the account listed on my application is in good standing, and I agree to maintain its current status at least until AEFSB has forwarded payment on my behalf. I agree to keep paying the current minimum payment on the account until confirmation appears on my American Express Credit Card statement. I will be responsible for the account as long as it remains open and for closing the account if I choose. I understand that transfers may take five to six weeks. I authorize AEFSB to verify the status and balance of such accounts, and understand that AEFSB may, at its discretion, deny a transfer request for any reason in its sole discretion. Balance Transfers are restricted to Basic Cardmembers only. Additional Cardmembers may not request or authorize any Balance Transfers to the Basic Cardmember's American Express Credit Card Account. I understand I cannot transfer balances from any other account issued by American Express or any of its affiliates.

Our Agreement
By submitting this application, I as an individual and the Authorizing Officer of the Company (a) request that you open an account ("Account") in the name of the Company and in my name, (b) request that Card(s) be issued on that Account as indicated on this application, (c) understand that you will renew and replace the Card(s) until I cancel, (d) agree to be individually, jointly and severally liable for all charges to the Account made by all Cards issued on the Account now or in the future, (e) agree on behalf of the Company and myself to be bound by the agreement governing the Account ("Cardmember Agreement"), and (f) REPRESENT THAT THE CARD(S) WILL BE USED FOR COMMERCIAL OR BUSINESS PURPOSES. I understand that the Cardmember Agreement includes an arbitration provision, which impacts my opportunity to have claims related to the Account heard in court or resolved by a jury, and to participate in a class action or similar proceeding. I understand that the Cardmember Agreement also provides, among other things, that (i) the Account terms, such as fees, are subject to change and (ii) I am personally responsible for payment for all charges on the Account and the Company is also jointly liable for all such charges. I understand that I must provide all the information requested in this application and I certify that such information is accurate. I authorize you to verify the information on this application and to receive and exchange information about me including requesting reports from consumer reporting agencies. If I ask whether or not a consumer report was requested, you will tell me, and if you received a report, you will give me the name and address of the agency that furnished it. I authorize you and your affiliates and subsidiaries to contact these sources for information at any time and to use any information obtained about me for marketing and administrative purposes.

Additional Cards: I have advised Additional Card applicant(s) that you may obtain, verify, exchange, and use information about them in the same manner as described above, that they may be responsible for payment of their own charges if I fail to pay them, and that their own credit records may be affected by non-payment of the account. I understand that Additional Card(s) will not be issued on the account if I have an unsatisfactory account with American Express or if the Additional Card applicant(s) have ever had an unsatisfactory account with American Express.
I acknowledge that any benefit or service offered with the Card may be modified or terminated at any time.

Express Cash
By accepting the Card, I am also requesting to be considered for your Express Cash ATM program. The Express Cash terms and conditions, including fees, will be printed on the Card Agreement. If I am approved for this program, you will issue me a Personal Identification Number (PIN).

Cash Rebate: There is no limit to the amount of cash rewards you can earn. You will receive a Rebate of 5% for Purchases of wireless telephone services and office supplies and equipment and a Rebate of 3% for Purchases of automobile gasoline (any individual Purchase transaction in excess of 75 gallons or equivalent dollar value will not be deemed to be a Purchase of automobile gasoline), except that the Rebate for 3% Purchases will be 1% for automobile gasoline Purchases in excess of $12,000 in any calendar year. You will receive a Rebate of 1% for all other Purchases.
Important: You will receive a 5% or 3% Rebate only if the merchant is not a warehouse club, superstore, supermarket or convenience store that sells automobile gasoline, and only if the merchant submits the Charge under the appropriate merchant code, industry code and required service or product identifier established by us and the merchant. Otherwise, you will receive a Rebate of 1%. You will not receive a Rebate for balances transferred from other accounts, purchases of American Express® Travelers Cheques or American Express® Gift Cheques, fees, Finance Charges, Cash Advances and similar means of accessing your Card Account. Additional terms and conditions apply.

Purchase Protection
Purchase Protection is underwritten by AMEX Assurance Company, Administrative Office, Phoenix, AZ. Coverage is determined by the terms, conditions, and exclusions of Policy AX0951 or Policy PP-IND and is subject to change with notice. This document does not supplement or replace the Policy.

Travel Accident Insurance
Travel Accident Insurance is underwritten by AMEX Assurance Company, Administrative Office, Phoenix, AZ. Coverage is determined by the terms, conditions, and exclusions of Policy AX0948 and is subject to change with notice. This document does not supplement or replace the Policy.

Travel Services Locations
Not all services are available at all locations. Services are subject to local laws and cash availability.

OPEN Savings® :
Savings range from 3% to 25%. Payment must be made with an American Express® Business Card at the time of purchase; savings will be credited to your account. Other restrictions or limitations may apply. Subject to offer terms and conditions located at opensavings.com. Merchant participation and offers are subject to change without notice.

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The American Express SimplyCash® Business Card is issued by American Express Bank, FSB.
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