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American Express
Business

Amex Graphite Business Cash Unlimited

PerkSensei Desk · Last updated

Is this deal useful?

At a glance

Bonus
$1,500
To earn it
Spend $50,000 in 6 months
Annual fee
$295 annual fee
Credits
Up to $2,400 in year one
1 credit with a dollar value
Apply by
No public end date stated

Terms and eligibility can change. Confirm the details with the issuer before you apply.

Credits and perks

Most used first. Tick what you don't need and the math leaves it out. Full terms are on the issuer's site.

  1. American Express One AP fee credit

    $2,400 each calendar year

    Hard to use
Year one
Unknownbonus + $2,400 credits − $295 fee
Each year after
+$2,105$2,400 credits − $295 fee

We can't total year one, because the bonus value or the annual fee isn't known.

Biggest catches

  • The 6-month clock can start before the card arrives. Amex's terms say the window may be shorter than 6 months depending on when you receive the card. $50,000 is already about $8,300 a month, so a slow card delivery makes it tighter. americanexpress.com
  • One bonus per lifetime. Amex may refuse the bonus if you have or have had the Graphite card or an earlier version. Amex shows the notice before processing. doctorofcredit.com (third-party)
  • Amex can decline the bonus at application (the pop-up). Beyond the family rule, Amex weighs your Amex history and how many cards you've opened and closed, and can tell you the Graphite bonus isn't available. It shows that notice before processing, so you can withdraw instead of opening a card with no bonus. americanexpress.com
  • Gift cards and cash equivalents don't count toward the spend. Amex's standard welcome-offer terms exclude gift cards, prepaid card loads and other cash equivalents (plus fees and interest) from eligible purchases. Doctor of Credit quotes this Amex wording; we didn't re-read this card's own terms text for it. doctorofcredit.com (third-party)
  • Reward Dollars only go two places. Cash back comes as Reward Dollars that you can redeem as a statement credit or at Amazon checkout. There's no direct bank deposit and no transfer to points. americanexpress.com
  • Pay Over Time, not a normal revolving line. Only charges you move into the Pay Over Time balance can carry interest, up to a separate Pay Over Time Limit. Anything else must be paid in full each month. americanexpress.com
  • Clawback if you cancel or downgrade inside 12 months. Amex's welcome-offer terms let it take the bonus back if you cancel or downgrade within 12 months of opening, return the purchases you used, or game the offer. The Points Guy quotes this wording. thepointsguy.com (third-party)

Third-party report; not confirmed in the official offer terms we could retrieve. Details may be outdated or channel-specific. Verify the offer shown by the issuer before applying.

YMMV: approval and bonus eligibility are the issuer's decision.

Sensei's move

  1. Book flights and prepaid hotels through Amex Travel for 5%

    Flights and prepaid hotels booked on American Express Travel Online earn 5% instead of 2%. Compare the portal price with booking direct before you use it.

    Still works as of Oct 18, 2026 · americanexpress.com

  2. It won't touch Chase 5/24

    Opening an Amex business card doesn't add to Chase's 5/24 count. That makes it a reasonable place to put large business spend while you're still collecting Chase cards. One Mile at a Time states this for Amex business cards in general.

    Still works as of Oct 18, 2026 · onemileatatime.com (third-party)

Third-party report; not confirmed in the official offer terms we could retrieve. Details may be outdated or channel-specific. Verify the offer shown by the issuer before applying.

Sensei's take

  • Weak churn
  • Keep one year
  • Not for your travel wallet

$1,500 is real cash, but it takes $50,000 in six months and a $295 fee with no first-year waiver, so the net is about $1,205 plus 2% on the spend. That's only worth it for a business that already spends that much. After year one, 2% flat for $295 a year loses to no-fee 2% cards unless you spend $250,000+ and use One AP. Cancel after 12 months unless that fits. Reward Dollars are $1 each. No travel perks.

Our opinion, from the facts on this page as of Oct 18, 2026.

Weighing this card? Put it before the Money Court jury

How today's offer compares

Today
$1,500
Highest in 3 years
$2,000
$50,000 spend in 6 months

Today's offer is $500 below the highest public offer in the last 3 years.

Doctor of Credit: $2,000doctorofcredit.comThird-party source

Third-party report; not confirmed in the official offer terms we could retrieve. Details may be outdated or channel-specific. Verify the offer shown by the issuer before applying.

Public offers anyone could apply for since Oct 2023, from the bonus-history sources we checked. Whether the first-year fee was waived isn't counted. Targeted and referral offers aren't compared.

Sources

Amex public terms page, checked by owner Oct 17 2026americanexpress.comOfficial sourceChecked Oct 17, 2026
Graphite Business Cash Unlimited Card product page on americanexpress.comamericanexpress.comOfficial sourceChecked Oct 18, 2026

Terms can change. Spotted something out of date? Tell us and we'll recheck it against the provider's page.

Report outdated terms

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