Graphite Business Cash Unlimited

Graphite Business Cash Unlimited pays a flat, unlimited 2% on eligible purchases with no categories to track, plus 5% on flights and prepaid hotels booked through American Express Travel, which is a clean setup for a business that spends broadly. The problem is the $295 annual fee: at 2%, it swallows the return on roughly your first $15,000 of spend, so a no-fee 2% card stays ahead of it below that line. The welcome offer is sized for the same audience, $1,500 back after $50,000 in purchases within six months. So is the one real perk: up to $2,400 in statement credits toward American Express One AP monthly fees, which requires $250,000 in eligible purchases in a calendar year. This is a card for genuinely high-volume businesses, and if your spend is modest the math simply doesn't get there.