Update: AMEX has confirmed to me that this card is considered a new product launch and that you will receive the signup bonus even if you have had received a signup bonus for the Blue for Business in the past.
Originally posted on 5/25:
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-American Express is a DansDeals.com advertiser.
AMEX has launched The Blue Business Plus Credit Card and it looks like a real winner for everyday spending.
You can view credit card offers by clicking on the “Other Credit Cards” tab on top of the DansDeals banner to view links for card offers. You can click on the link that says “View all card offers by issuing bank” and scroll down to view all card offers from the bank of your choice. Here’s How To View Credit Card Offers On This Site.
There is no annual fee. That means this is a great card to keep your Membership Rewards points alive. You can also add up to 99 authorized users for free and they qualify for AMEX Offers.
This normal offer for this card will not have a signup bonus. However as a special offer introductory signup bonus you can get 20K Membership Rewards points for spending $3,000 in 3 months. You must use the card link in this post for the 20K signup bonus, the regular AMEX signup link for this card on their site does not come with a signup bonus!
The killer feature of the card is that it offers 2 points per dollar everywhere for up to $50,000 in purchases every calendar year! After you spend $50,000 in a calendar year the earnings drop to 1 point per dollar.
That tops the Chase Freedom Unlimited’s 1.5 points per dollar earnings, unless you spend more than $50K per calendar year.
If you have a Business Platinum card you can even redeem these points at a value of 3.08-6.51% per dollar spent, as described below.
Additionally all AMEX Membership Rewards cards earn an extra 1 point per dollar on Uber, so you’ll earn 3 points per dollar on Uber spending.
All AMEX business cards also include Open Savings for 5% cash back at Fedex, Hertz, HP, and 800-Flowers on top of the 2 points per dollar.
-The Blue Business Plus card offers 0% intro APR on purchases and balance transfers for 12 months.
-The Blue Business Plus card is the only no-annual fee business card from any bank that can transfer points into miles. The only other no-annual fee card that can transfer points into miles is the consumer AMEX Everyday Card.
-The Blue Business Plus card is also the only card that awards 2 points per dollar everywhere that can be transferred into airline miles. That makes it far more valuable than any 2% card.
You can transfer points to airlines like ANA, Air Canada, or Singapore for Star Alliance travel on airlines like United with no fuel surcharges or close-in fees. Points transfer to Aeromexico, Alitalia, Air France/KLM, or Delta for Skyteam travel. Transfer to BA, Cathay Pacific, or Iberia for OneWorld travel on airlines like American with no close-in fees. Other transfer options include El Al, Emirates, Etihad, Hawaiian, Virgin America, or Virgin Atlantic. This can make sense for one-way, last-minute, or premium class travel. The value with airline miles can be under a cent each if used poorly, but properly used the points can be worth 5 cents, 10 cents, 15 cents, or even more per point, the sky is the limit! And you can multiply those values per dollar spent by 2 thanks to earning 2 points per dollar with this new cards. In other words if you use 15K BA Avios for a round-trip last-minute NYC-Cleveland ticket to catch a NBA Finals game that would otherwise cost $1,500, you’ll have obtained a value of 10 cents per point. Since you earn 2 points per dollar spent that’s like having received a 20% rebate on your everyday purchases!
Stack the earnings power with a higher redemption value:
If you have a Blue Business Plus card to earn 2 points per dollar everywhere and you also have an AMEX Business Platinum card you’ll be able to redeem points earned on this card for at least 1.54 cents each on airfare thanks to a 35% points rebate on paid flight redemptions. If you opened or upgraded to a Business Platinum card between 10/1/16-5/31/17 you’ll earn at least 2 cents per points on airfare thanks to a 50% points rebate on paid flight redemptions. You can read more in this post on those changes.
-Getting a 35% points rebate is like getting a 1.54% value per point for paid tickets that means you can earn 3.08% back everywhere and 4.62% back on Uber thanks to the stacked 2 points per dollar on spending and the point redemption rebate!
If you get 35% back and have a AMEX Consumer Platinum Card and a AMEX Business Platinum card and redeem points for a paid flight using your consumer Platinum you’ll get 4 points per dollar redeemed, making for an effective 1.64% rebate, meaning you’ll earn 3.28% back everywhere and 4.92% back on Uber thanks to the stacked 2 points per dollar on spending and the point redemption rebate!
-Getting a 50% points rebate is like getting a 2% value per point for paid tickets that means you can earn 4% back everywhere and 6% back on Uber thanks to the stacked 2 points per dollar on spending and the point redemption rebate!
If you get 50% back and have a AMEX Consumer Platinum Card and a AMEX Business Platinum card and redeem points for a paid flight using your consumer Platinum you’ll get 4 points per dollar redeemed, making for an effective 2.17% rebate, meaning you’ll earn 4.34% back everywhere and 6.51% back on Uber thanks to the stacked 2 points per dollar on spending and the point redemption rebate!
Those numbers will be even higher if you find insider fares that offer discounted flights for using points. You can read more in this post for those calculations.
AMEX business cards don’t appear on your personal credit report.
That’s great 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 personal credit score.
The Blue Business Plus looks like an awesome card for everyday spending, will you be signing up?