6 Reasons I Applied for the AMEX Blue for Business Credit Card
American Express credit cards have been my favorite to apply for recently for many reasons. The first reason is the ease of getting approved, especially for business credit cards. My first credit card application this new year went towards getting the Amex Blue for Business Credit Card. There are many reasons I chose this card now and I will go through them in detail but here’s a quick rundown. It has $0 annual fee, good signup bonus, annual points bonus and 0% initial APR.
1- Sign-up Bonus:
You can earn 10,000 Membership Rewards® points after making your first purchase on the Card within your first 3 months of Card Membership. This is a very quick way to earn points without having to spend thousands in the first 3 months of account opening like other credit cards.
2- 10X Points at US Restaurants:
Earn 10X Membership Rewards® points on the first $2,000 in dining purchases for the first six months. That’s an additional 9 points per dollar spent on purchases. This bonus is almost as guaranteed as the sign-up bonus for people who dine out regularly; it also helps that the offer is over 6 months which gives plenty of time to max out this offer and earn 20,000 Membership Rewards® points.
3- 2X Points on all purchases:
Earn 2X points on all qualifying purchases on the first $50,000 for the first year. That’s an additional 1 point per dollar spent on purchases. If you’re able to max out this offer over the course of a year, you’re looking at 100,000 Membership Rewards® points; 50,000 of which are bonus!
4- Annual Points Bonus:
Get a 30% annual points bonus based on the past year’s purchases on your Blue for Business Card. The Relationship Bonus is provided in the form of Membership Rewards® points and is equal to 30% of your past year’s purchases on your Blue for Business® Card. Unfortunately, this bonus is only on the base points earned not on the bonus points. So, if you max out the offer and spend $50,000 in the first year – you’ll earn 15,000 Membership Rewards® points for the annual bonus.
5- 0.0% introductory APR:
You’ll get a 0.0% introductory APR on purchases for 12 months. After that your APR will be a variable rate, currently 11.74%, 15.74% or 19.74%, based on your creditworthiness as determined at the time of account opening. This is great if you’re about to make a large purchase that you’re looking to pay over time instead of right away without accruing interest.
6- Doesn’t count towards 5/24:
I’m currently trying to get under 5/24 in order to qualify for the Chase Sapphire Reserve credit card. A huge benefit of business credit cards is that they don’t count towards the 5/24 rule Chase applies on their most coveted credit cards. If you’re not familiar with the 5/24 rule, I wrote about it in detail here. Basically, it’s that Chase generally doesn’t approve people for certain credit cards if they’ve applied for more than five credit cards in the past 24 months– That’s what we call the Chase 5/24 rule.
From the sign-up bonus, the 10X restaurant spend bonus and the 2X bonus on all purchases on the first $50,000; I have the potential of earning 130,000 Membership Rewards® points in the first year of having this card. That’s amazing for a card that has $0 annual fee. When you add the 0.0% APR and the benefit of being out of the 5/24 restriction; this card was a no brainer for me.
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