Thursday, October 27th, 2016, 2:13 pm
AMEX Blue For Business Limited Time Offer: Earn More Than 2 Points Per Dollar Everywhere And 10 Points Per Dollar On Restaurants With No Annual Fee!
American Express is a DansDeals.com advertiser.
If you signup by 2/1 you can earn:
-10K Membership Rewards points after making any purchase within 3 months.
–10 points per dollar at restaurants (up to $2,000) within 6 months.
–2 points per dollar everywhere (up to $50,000) within 12 months.
–Additionally you can earn an extra 1 point per dollar at small businesses (up to $250,000) through 12/31/16.
-The Blue for Business card also always earns a 30% annual points bonus based on the past year’s purchases.
-The Blue for Business card also participates in Open Savings for 5% cash back at Fedex, Hertz, HP, and 800-Flowers.
-All Membership Rewards cards also earn 2 points per dollar with Uber.
The Blue for Business card has no annual fee.
While the Blue for Business card can’t transfer points directly into miles, the points can be transferred into miles if you have a card like The Amex EveryDay Preferred Card, The Amex EveryDay Card, the Premier Rewards Gold Card, The Platinum Card® from American Express, The Business Gold Rewards Card from American Express OPEN, or The Enhanced Business Platinum® Card from American Express OPEN.
That means a combination of the Everyday Card and the Blue for Business card has no annual fees, but can earn at least 1.3 real airline miles per dollar everywhere (and more on groceries and Uber). And you’ll earn significantly more than that with the current limited time promotions.
If you have a Business Platinum card you’ll be able to redeem points earned on this card for an effective 2 cents per dollar on airfare. Combined with the earning power on this card that can become extremely lucrative!
AMEX business cards don’t appear on your credit report. That’s good for several reasons.
First of all they won’t count against your 5/24 count for opening new Chase cards. Only cards on your report that have been opened within the past 24 months count for that.
Second, when you spend money on personal cards your credit score will be hurt even if you pay your bill on time. A whopping 30% of your credit score is based on credit utilization. You can pay off your card bill before your statement is generated to avoid that, but that takes effort and laying out money well before you have to. Additionally it’s good to have the statement close with a couple dollars to show the card is active and being paid every month. On an AMEX business card it’s just not reported, so you can wait until the money is due without it having a negative effect on your score.
Third, if you close a business card it won’t ever have an effect on your score.
You may already have a business that needs a card to keep track of expenses. For example if your name is Joe Smith and you sell items online, or if you have any other side business and want a credit card to better keep track of business expenditures you can just open a business credit card for “Joe Smith Sole Proprietorship” as the business. You don’t need to file any messy government paperwork to be allowed to do that.
Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field.
Will you signup for Blue for Business?