Update: This offer for The Blue Business℠ Plus Credit Card from American Express has expired. Learn more about the current offers here.
Yesterday I wrote about how American Express quietly introduced The Blue BusinessSM Plus Credit Card, which is a fantastic new card with no annual fee (Rates & Fees). This card is pretty straightforward, and I’d say the most compelling feature is that it offers 2x Membership Rewards pints on the first $50,000 spent on the card per calendar year.
The way I see it, that makes this the single most lucrative credit card for the first $50,000 of non-bonused spend per calendar year.
I received a lot of questions about the card, and also received clarification on a couple of things from Amex, so figured I’d address that in this post:
Why can’t I see the 20K point welcome bonus everywhere?
If you apply for the Blue Business Plus Credit Card through my link (or another affiliate’s link), you’ll see that the card comes with a welcome bonus of 20,000 Membership Rewards points after spending $3,000 within the first three months. This offer is available exclusively through Amex’s affiliate channel — if you apply directly through the Amex website, for example, the card doesn’t come with a welcome bonus.
So you’re not seeing wrong, the bonus just differs based on which channel you go through. The 20,000 point welcome bonus is considered a “special offer,” so I suspect it’s limited time, though an end date hasn’t yet been published. I don’t see the welcome bonus on the card getting any higher than that, given what a lucrative no annual fee card this is.
Am I eligible for the bonus if I had the Blue for Business Card?
The new Blue Business Plus Credit Card replaces the Blue for Business Card, which was potentially quite lucrative as well, though I think this one is better. I applied for the Blue for Business Card last year, though am now also very interested in this card. As far as I know, American Express won’t automatically be transferring over Blue for Business accounts into Blue Business Plus accounts.
Furthermore, I’ve confirmed with American Express that this card is considered to be a “new product,” so you should be eligible for the welcome bonus even if you had the Blue for Business Card in the past.
Does this card count against Chase’s 5/24 rule?
Many people try to limit their number of credit card applications in order to stay below Chase’s “5/24 rule.” That’s to say that Chase won’t typically approve you for a new card if you’ve applied for more than five new card accounts in the past 24 months. The exception is that typically business cards with certain issuers (including Amex) won’t count against you. So applying for the Blue Business Plus Credit Card shouldn’t count against you for the purposes of staying under Chase’s “5/24” limit.
How tough is it to get approved for an Amex business card?
In my experience, American Express business cards are among the easiest to be approved for, even if you’re a sole proprietorship with fairly limited business income. See this post for more on that process. If you’re someone who hasn’t had a business card in the past, this may be a good card with which to start.
Can these points be pooled with other Amex Membership Rewards points?
Absolutely! You can pool the points earned on this card with the points earned on cards like The Platinum Card® from American Express and The Business Platinum® Card from American Express in order to really maximize their value. Yes, this no annual fee card offers a better return on everyday spend than the big annual fee Amex Platinum products.
The new Blue Business Plus Credit Card is arguably the most lucrative for the first $50,000 of non-bonused spend every year. Best of all, the card has no annual fee. In my opinion, this card should be a no brainer for most, and I know I plan on picking it up as soon as possible.
The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Blue Business℠ Plus Credit Card from American Express (Rates & Fees).