Yesterday Amex announced a killer new promotion which will get people putting Amex cards at the front of their wallets. Amex is offering double base points for purchases at eligible small businesses through the end of the year. This applies across most of their personal and small business cards, and will certainly cause me to shift some spend to my Amex cards.
The best Amex cards for small business spend
Ordinarily, my favorite cards for small business spend are The Amex EveryDay® Preferred Credit Card from American Express and the Blue Business Plus Credit Card:
- The Amex EveryDay Preferred Card offers 3x points for purchases at U.S. supermarkets, 2x points at U.S. gas stations, and 1x points on everything else; you earn a 50% points bonus when you make 30 transactions per billing cycle
- The Blue Business Plus Credit Card offers 2x Membership Rewards points per dollar spent on the first $50,000 in purchases each year (after that 1x)
So ordinarily when I’m deciding which card to put non-bonused spend on, the math is as follows:
- The Amex EveryDay Preferred Card offers a return of ~2.55% (I value Membership Rewards points at ~1.7 cents each, and you can earn 1.5x points)
- The Blue Business Plus Credit Card offers a return of ~3.4% (2x Membership Rewards)
As you can see, the Blue Business Plus ordinarily has the edge, up until that $50,000 purchase limit.