Yeah, it’s been another long while since I posted. But this card’s initial bonus is expiring soon and it’s too good a card not to make people aware. First thing to point out: this is a business card. I haven’t addressed business cards before because they’re a little tricky and you must have a registered business (including a sole proprietorship) to qualify for the card. If I keep posting, I’ll explain a little more about the idiosyncrasies of business cards. But, let’s start at the top, shall we?
- 20,000 point bonus after spend of $3,000 after 3 months
- Earn 2x points (per dollar spent) on all purchases (up to the first $50,000 per year, and 1x points thereafter)
- No annual fee
- 0% introductory APR for the first 12 months
- (Limited) access to Amex Offers, a promotional benefit linked with companies and brands that saves you money or earns you additional MR points
- Transfer partner with numerous airline and hotel loyalty programs (generally, 1:1 ratio); points can also be transferred to the loyal programs of authorized users on the account
- If cardholder(s) have other Amex cards earning MR points, the accounts are combined
- Points can be used to pay off credit card charges, or for shopping at various vendors (at lesser value)
- American Express card benefits
- 12.24%, 16.24%, or 20.24% APR variable depending on creditworthiness
- 2.7% foreign transaction fee
- American Express typically limits cardholders to one initial spending bonus per card per lifetime
If you can qualify (with a registered small business), here’s your new everyday spend card. 2% points earned in Membership Rewards points is incredibly generous; to offer this card without an annual fee is just insane. Expect the 20,000 initial spending bonus to be pulled at any time. Note: the Amex Everyday Preferred Card will earn you slightly more points (if you earn the 50% bonus for 30 purchases in a month), but this card earns almost as much with no annual fee.
Let me put this another way: it takes $80,000 in regular (non-bonus) spending to earn a round trip economy ticket, HNL-NRT/HND, on Hawaiian Airlines (80,000 miles). It would take $40,000 in spending if you earned on this card and transferred the points to Hawaiian Airlines. Better still, it would take only $20,000 in spending on this card for an round trip economy ticket, HNL-NRT/HND, transferred to All Nippon Airways (40,000 miles).
This card will be in my wallet forever.