American Express Graphite Business Cash Unlimited Card
American Express$295 a yearNo foreign transaction feeIssuer's page
A fair time to apply if the card fits how you spend.
Already have it? On typical spending it does not cover the annual fee: weigh a downgrade or closing it before it renews.
Welcome bonus
$1,500
after $50,000 in purchases in the first 6 months
Once in a Lifetime Rule, 1 per 5 Days and 3 more. Am I eligible?
A typical spender, at Miles' point values.
| First-year value | Amount |
|---|---|
| Welcome bonus$1,500 cash | $1,500 |
| Rewards above a 2% no-fee cardvs Double Cash, on $32,500 typical spend | $0 |
| Annual fee | −$295 |
| Meeting the $50,000 minimumearns 2% here, the same as Double Cash | $0 |
| First year | $1,205 |
| Each year after | −$295 |
Earning
| Rate | Category | Return |
|---|---|---|
| 5% | Flights booked through American Express Travel | 5% |
| 5% | Prepaid hotels booked through American Express Travel | 5% |
| 2% | Everything else | 2% |
Business card · Earns Cash Back
Benefits
Credits & Perks (1)
- American Express One AP Credit: $2,400 (Annual Calendar Year)
Up to $2,400 in statement credits in the following calendar year towards monthly fees for American Express One AP after spending $250,000 or more in eligible purchases in a calendar year
Other Perks
- Amex Pay Over Time feature with no preset spending limit
- Reward Dollars can be redeemed as statement credits and at Amazon.com checkout
- Plastic employee cards available for no annual fee ($95 annual fee for metal employee cards)
Sources and methodology
First-year value is Miles' estimate for a typical spender: the welcome bonus at Miles' point values, plus the rewards this card earns above the best no-annual-fee card's everyday rate on a typical year of spending, plus credits at the share a typical holder uses rather than their face value, plus any certificate or free night earned in that year, minus the first-year fee and the cost of putting the minimum spend on this card instead of that one.
Lounge access, elite status, other benefits, purchase and travel protections, and a certificate or free night that arrives on the card's anniversary are listed beside the first-year figure, not in it. Each year after counts them, with the rewards and credits, less the annual fee. A credit or benefit that needs a spend or a stay counts only where its condition is printed beside it, and credits gated on spend most people never reach are left out.
The fee, offer, earning rates, credits and protections come from the card's record in the Miles dataset, kept against the issuer's own terms. The verdict line is chosen from a fixed set of sentences by Miles' analysis of the offer and the card; nothing on this page is written by hand for one card.
Recent changes
- changed from null to American ExpressOct 14, 2026
- changed from null to no_preset_limitOct 11, 2026
- changed from null to Graphite BusinessOct 8, 2026
- changed from null to chargeSep 2, 2026
- changed from null to 50000Aug 13, 2026
- changed from null to 180Aug 13, 2026
- changed from $1,500 back after $50,000 in eligible purchases within the first 6 months of card membership to $1.5K after $50K spend within the first 6 monthsAug 3, 2026
- addedJul 31, 2026