Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers.
[This article may contain expired offers]
American Express is offering a new sign-up bonus of the American Express Blue for Business Credit Card. This is a lesser-known credit card but it offers a few features that I think make it a perfect card to pursue for some people in special circumstances. Here’s a quick look at the new offer.
This can be a little confusing to some, so pay close attention.
The Blue for Business Credit Card earns Membership Rewards but the Membership Rewards earned on it cannot be transferred to travel partners unless you are a cardmember of another Membership Rewards earning cards. So for example, you’d need to hold the Premier Rewards Gold Card, Platinum Card, Amex EveryDay, etc. If you have one of those cards then you can transfer your Membership Rewards earned with this card to travel partners.
- 10,000 Membership Rewards after your first purchase within three months of opening the card
- Earn an additional 15,000 points after you spend $5,000 in purchases on the Card, in the first 6 months of Card Membership.
- Earn a 30% annual points bonus based on the past year’s purchases on your Blue for Business Card.
- 0.0% introductory APR on purchases for 15 months, then a variable rate
- 1X on all purchases (1.3X when bonus factored in)
- No annual fee
My interest is always piqued when offers come around that give you a sign-up bonus just for making a single purchase. How much easier does it get? However, 10,000 Membership Rewards is not enough to get me really excited, even considering how easy it would be to obtain the bonus.
The additional 15,000 Membership Rewards makes the offer a bit more attractive but with a $5,000 spend, I’d rather consider other credit cards from Amex. That’s because if you put $5,000 spend on the Business Gold Rewards Card you’d end up with 50,000 Membership Rewards right now (although I’d probably hold off until the 75,000 offer returns.) So $5,000 spend for a mere 15,000 Membership Rewards just isn’t quite a sufficient return in value for money spent in my book.
The 30% annual bonus could be tempting for some but with the Chase Freedom Unlimited currently offering me 1.5X on every purchase, I’m going to stick to that for the time being.
Who is this offer for?
Even though I won’t be jumping on this offer, I think it’s ideally situated for someone looking to make a big purchase (or a few of them) in the near future who won’t be able to pay off their balance immediately.
That would be ideal because you’d get 0% interest on that purchase for 15 months and if you’re spending a few thousand bucks, you’ll be close to or already hitting the $5,000 threshold so you can earn the full 25,000 Membership Rewards bonus.
And since this is a business credit card, the balance will not reflect on your personal credit report so your credit score will not be hurt in any way by a potential increase in utilization. Annnd if you’re under Chase 5/24, this card will not count towards that, too. So, if you’re in the market for a big purchase you won’t be able to pay off right away, this could be a perfect card for you.
The $0 annual fee also makes the offer attractive but since business credit cards can be canceled without damaging your credit report, I don’t think that it becomes as valuable as a perk as it would be on a personal card.
As always, be sure to check the American Express application rules before you apply for an Amex card to make sure you’re not in violation of any of the rules or restrictions (and keep in mind this is a credit card and not a charge card).
UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. His content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.