Graphite Business Cash Unlimited

The core of this card is a flat 2% cash back on eligible purchases with no category tracking, which is the right shape for a business with spend that does not sort neatly into buckets. American Express Travel bookings earn 5% on flights and prepaid hotels, but that rate only applies through the Amex portal, not to bookings made directly with the airline or property. The $295 annual fee is the first hurdle: at 2%, you need roughly $15,000 of annual spend just to break even against a no fee 2% alternative. The signup bonus is $1,500 after $50,000 of spend in six months, a high bar aimed squarely at larger businesses, and the One AP statement credits of up to $2,400 require $250,000 of purchases in a calendar year. There is no foreign transaction fee, and the regular APR runs 17.74% to 28.49%.