Update: This offer for The Business Gold Rewards Card from American Express has expired. Learn more about the current offers here.
A couple of days ago I wrote about the 21 credit cards that I presently have. All but a couple of those are cards that I plan to hold onto long term, given the value that I get out of them. A couple of readers ask me to write a post about the credit cards that I don’t have but want to get, so I thought would be an interesting topic for this post.
Specifically, there are only two credit cards presently available that I want but don’t have, and two credit cards that will be introduced soon that I’ll really want.
The two credit cards I want that are already available
Let’s start with the two credit cards that are already available.
Chase introduced this business card last year, and it’s fantastically rewarding. For one, it offers a welcome bonus of 80,000 Ultimate Rewards points upon completing minimum spend, which I consider to be the best welcome bonus available on any card at the moment (I value those points at ~$1,360).
The card has a reasonable $95 annual fee, and offers triple points on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites and search engines, for up to $150,000 of combined purchases per year.
On top of all that, the card offers some great protection benefits, my favorite of which is the cell phone protection, where those with the Ink Business Preferred℠ Credit Card can get up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill. In order to take advantage of this you need to pay your cell phone bill using the Ink Business Preferred Card, and you’re limited to three claims in a 12 month period, with a $100 deductible per claim. That’s an awesome benefit, especially given how expensive cell phones have become nowadays.
Why don’t I have this card? Because it’s subjected to Chase’s “5/24 rule,” meaning you can’t typically be approved if you’ve opened five or more new card accounts in the past 24 months. Unfortunately I’ve exceeded that limit, so I’m not eligible.
This is a no annual fee card that American Express introduced last year, and it offers 2x Membership Rewards points on the first $50,000 spent annually. It’s pretty awesome that the single best card for non-bonused spend is also one without an annual fee. I value Membership Rewards points at ~1.7 cents each, so to me this card offers the equivalent of a ~3.4% return.
Ford applied for this card last year, and I plan on picking it up soon.
Why don’t I have this card yet? Because American Express typically limits you to having five of their credit cards at any given point (this excludes charge cards, like The Platinum Card® from American Express, The Business Platinum® Card from American Express, and The Business Gold Rewards Card from American Express OPEN).
At the moment I have five American Express credit cards — the Amex EveryDay® Preferred Credit Card from American Express, the Starwood Preferred Guest® Credit Card from American Express, the Starwood Preferred Guest® Business Credit Card from American Express, the Hilton Honors™ Surpass Card from American Express, and The Blue for Business® Credit Card from American Express, which Amex discontinued last year.
My plan is to cancel the Blue for Business Card this year and replace it with The Blue Business℠ Plus Credit Card from American Express.
I love redeeming Amex points for Star Alliance redemptions through Aeroplan
The two credit cards I want that will be introduced soon
Now let’s talk about the two credit cards that are being introduced soon that I think I’d like to get, based on everything I’ve heard.
Later this month American Express will be introducing a new premium credit card (with a $450 annual fee), called The Hilton Aspire Card.
The marketing bullets of this card are as follows:
- 14X Hilton Honors Bonus Points at hotels and resorts in the Hilton portfolio worldwide
- 7X Hilton Honors Bonus Points on flights booked directly with airlines or amextravel.com, car rentals booked directly from select car rental companies and at U.S. restaurants
- 3X Hilton Honors Bonus Points on other purchases
- Complimentary Hilton Honors Diamond status
- One Weekend Night Reward at a hotel or resort in the Hilton portfolio with your new Card and each year of Card Membership
- A second Weekend Night Reward at a hotel or resort in the Hilton portfolio after spending $60,000 in purchases on the Card in a calendar year
- Unlimited Priority Pass™Lounge passes to ease the airport experience
- $250 Airline incidental fee statement credit
- $250 Hilton resort statement credit
- $100 on-property credit at Waldorf Astoria Hotels & Resorts and Conrad Hotels & Resorts when booking the exclusive Aspire Card package
- Access to 24/7 American Express concierge
- No foreign transaction fees
- $450 annual fee
Most significantly, you receive Honors Diamond status for as long as you have the card, you receive a $250 annual airline incidental fee credit, a $250 Hilton annual resort credit you receive, and an annual free weekend night certificate, and much more. In many ways this card seems too good to be true, and I can’t wait to apply for it.
Honors Diamond status comes with guaranteed executive lounge access
The new Marriott Rewards Premium Amex card
While we know all the details of the new Hilton co-branded cards (which are being introduced in a couple of weeks), the details of this are a bit more limited as of now. In early December we learned that American Express and Chase will both be issuing Marriott Rewards credit cards in the future. As part of this:
- Amex will offer super premium and small business cards
- Chase will offer mass consumer and premium consumer cards
More details of the above cards will be revealed in 2018, so it may be another year or so before these cards are actually introduced. However, of these cards, the one that intrigues me the most is the premium card that will be issued by Amex. While I doubt it will be as generous as Hilton’s new premium card, I imagine it will come with some perks that I value as an SPG loyalist. Presently I have the Starwood Preferred Guest® Credit Card from American Express and Starwood Preferred Guest® Business Credit Card from American Express and get value out of both of them, so I imagine I’ll get value out of whatever the new product is as well.
The St. Regis Maldives
Overall I’m really happy with my current credit card portfolio. I have a lot of great credit cards, and I get long term value out of almost all of them. I’d love to get The Ink Business Preferred℠ Credit Card, though I wouldn’t be approved right now. Meanwhile I plan on picking up The Blue Business℠ Plus Credit Card from American Express within the next few months.
I also can’t wait for Hilton’s new premium credit card to be introduced in a couple of weeks, and to see all the details of the new Marriott card portfolio.
Are there any other cards that should be on my radar, other than the above and the 21 I currently have?
Non-Affiliate Product Disclaimer: The information for the Hilton Honors Aspire Card has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.