It’s a new calendar year, which has lots of implications for credit card rewards. For example, earlier I wrote about how it’s now a new year of airline fee credits with several American Express cards, including The Platinum Card® from American Express ($550 annual fee) and The Business Platinum® Card from American Express ($450 annual fee).
That’s one of the two things I’m most excited about with American Express cards in the new year. The other thing I’m most excited about is that I’m taking The Blue Business℠ Plus Credit Card from American Express out of my sock drawer and putting it right back in the front of my wallet.
Why do I like this card so much? The card has no annual fee, and offers 2x Membership Rewards points on the first $50,000 spent every calendar year. Those are “real” Membership Rewards points, which can be transferred to airline and hotel partners.
Transfer points to KrisFlyer for redemptions in Singapore Airlines first class
That’s right, this is a no annual fee card that offers the single best return on non-bonused spend of any credit card, in my opinion. Personally I value Membership Rewards points at 1.7 cents each, so to me the card offers a 3.4% return on spend.
So I use the Blue Business Plus Card for my first $50,000 of non-bonused business spend every year, but then I don’t use it again until that limit resets, which is today, January 1, 2019.
In reality I’ll probably still be holding off a bit until I actually put spend on the card, though.
That’s because I recently applied for the Capital One® Spark® Miles for Business, which offers an incredible welcome bonus of up to 200,000 Spark miles. However, you have to spend $50,000 on the card to achieve that, so my first $50,000 of non-bonused spend this year will be going onto that card.
Spark miles can also be transferred to Air France-KLM Flying Blue
Are you putting more spend on the Blue Business Plus Card again with the new year?