Update: This offer for The Blue Business℠ Plus Credit Card from American Express has expired. Learn more about the current offers here.
Since late July, Amex has brought back a welcome bonus on The Blue BusinessSM Plus Credit Card. This is quite literally the only card that every single person in my family has, and that’s because of how rewarding it is. The fact that this card has a welcome bonus at all is quite rare, so it’s worth noting that the offer is set to expire on September 26, 2018. So if you’ve been waiting to apply for the card, you’ll want to do so in the coming days.
This card was introduced a bit over a year ago, so while I know many of you already have the card, I wanted to encourage those of you who don’t yet have it to apply for it. In this post I wanted to share eight reasons you should consider the Blue Business Plus Credit Card.
2x Membership Rewards points per dollar spent
The Blue Business Plus Credit Card offers 2x Membership Rewards points on the first $50,000 spent on the card in each calendar year. The way I see it, that makes this card the single most lucrative one for everyday, non-bonused spend. I value Membership Rewards points at ~1.7 cents each, so this card offers the equivalent of a ~3.4% return on the first $50,000 spent annually.
This is even better for non-bonused spend than cards like the Chase Freedom Unlimited®, which I otherwise consider to be the most rewarding.
No annual fee
Not only does this card offer the most generous return on everyday spend, but it has no annual fee (Rates & Fees).
10,000 point welcome bonus
Through September 26, 2018, the card is offering a public welcome bonus of 10,000 Membership Rewards points after spending $3,000 within three months. There are certainly cards out there with much bigger bonuses, but this isn’t a card you get for the bonus, but rather for the great return it offers on spend.
When the card was first introduced over a year ago it briefly had a welcome bonus of up to 20,000 points. Ever since, it hasn’t offered any sort of a public welcome bonus at all, so this is the first time we’re seeing a bonus again. There have sometimes been bonuses available through the Amex refer-a-friend program, but those maxed out at 10,000 points as well.
So I wouldn’t expect to see a better bonus than this anytime soon. There’s a direct opportunity cost to not using this card for every purchase.
The card earns “premium” Membership Rewards points
There are two types of Membership Rewards points. There are the “premium” Membership Rewards points, which can be converted into airline and hotel points, and then there are more limited Membership Rewards points, which can’t be converted into airline and hotel points.
The Blue Business Plus Credit Card is one of the few no annual fee cards that earns full Membership Rewards points, which can be transferred to all Membership Rewards airline and hotel partners. That makes this a fantastic card to hold onto, in case you decide you want to cancel a premium Amex card.
For example, if you have The Platinum Card® from American Express but decide you want to cancel it, having the Blue Business Plus Credit Card will let you preserve the full value of those points.
Applying doesn’t count against Chase’s 5/24 rule
Many people try to limit their credit card applications to stay under Chase’s 5/24 rule. Essentially Chase won’t approve people for many of their cards if they’ve opened five or more new card accounts in the past 24 months. Generally speaking, applying for Amex business cards won’t count towards that limit, so you can apply for this card without impacting your chances of being approved for a Chase card in the future.
Another card that gives you access to Amex Offers
One of the best perks of having Amex cards is access to Amex Offers. This is a program offered by American Express where you can score discounts and bonus points with select retailers. The more cards you have, the better your odds of scoring the best Amex Offers. So you can actually sort of make money by holding onto many no annual fee Amex cards, given the huge money savings available through Amex Offers.
You typically can’t convert existing Amex products to the Blue Business Plus
Some people might prefer converting an existing card to the Blue Business Plus Credit Card rather than applying new (even though you don’t get the welcome bonus then). However, based on all that data points I’ve heard, Amex isn’t letting people product change to this card. So if you want the Blue Business Plus, you have to apply for it directly. I think that’s the best option anyway, but…
Applying for the card is (usually) risk free
The first thing to be aware of is that generally Amex business cards are among the easiest business cards to be approved for, for those with excellent credit. I’ve written in the past about applying for Amex business cards as a sole proprietorship using your social security number. If you’ve never had a business card before, this is a great card with which to start, and you might be surprised by how easy it is to be approved for.
If you’re considering applying for this card but are concerned about the possibility of a rejection, keep in mind that if you’re an existing Amex cardmember and get denied, it typically won’t be reported to credit bureaus. That’s because Amex uses existing customer data to conditionally approve people for credit cards, and only after conditional approval do they pull your credit score, to see if anything major has changed.
So not only is the card easy to be approved for (even if you haven’t had a business card before), but if you’re an existing cardmember and get denied, there likely won’t even be an inquiry showing on your credit score.
The Blue Business Plus Credit Card is the single best credit card for the first $50,000 of non-bonused spend annually. When you consider that it has no annual fee, that it gives you access to Amex Offers, and that it’s pretty easy to be approved for, I really can’t recommend this card enough.
If you don’t yet have the card, I’d recommend applying in the coming days.
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).