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Update: These offers for the Delta SkyMiles® Credit Cards are expired. Learn more about the current offer here.
Update: This offer for The Blue for Business® Credit Card from American Express is expired. Learn more about the best available offer here.
As I wrote about a few days ago, the increased sign-up bonus on The Blue for Business® Credit Card from American Express was scheduled to end on February 1, 2017. However, it has been extended by three weeks, through February 22, 2017.
At first I didn’t see much value in the card, but when I crunched the numbers on it a few days ago, I realized just how compelling the bonus is, and really want to get it. For many people this may just be the most compelling sign-up bonus we’ve seen on a no annual fee Amex card.
The card doesn’t have a sign-up bonus that really jumps out at you on the surface. That’s because the bonus largely comes in the form of increased bonuses on everyday spend. This no annual fee business card offers:
- 10,000 bonus Membership Rewards points after making your first purchase on the card within the first three months
- 10x points at U.S. restaurants on the first $2,000 in purchases for the first six months
- 2x points on all qualifying purchases on the first $50,000 for the first year (an additional one point per dollar spent)
On top of that, the card offers a 30% annual points bonus calculated based on the base points earned the previous year.
This card won’t be for everyone, but if you’re someone who could spend at least $50,000 on non-bonused spend and $2,000 on dining, this sign-up bonus is worth an incremental 64,600 Membership Rewards points, by my math. That’s a massive bonus, especially for a no annual fee card.
How did I come up with that number?
- A sign-up bonus of 10,000 points after the first purchase
- 14,600 points from dining (10.3 points per dollar spent, minus the opportunity cost of 3 points on dining through other cards, like the Chase Sapphire Reserve℠ Card)
- 40,000 points from everyday spend (2.3 points per dollar spent, minus the opportunity cost of earning 1.5 points per dollar spent on everyday spend on cards like The Amex EveryDay® Preferred Credit Card from American Express)
I really want to apply for this card, though at the moment I’m maxed out on Amex credit cards. Typically American Express lets you have four credit cards and four charge cards (it doesn’t matter what the split is between personal and business cards). The Blue for Business Card is a credit card, and I already have four — the Starwood Preferred Guest® Credit Card from American Express, Starwood Preferred Guest® Business Credit Card from American Express, Gold Delta SkyMiles® Business Credit Card from American Express, and The Amex EveryDay® Preferred Credit Card from American Express.
So I can’t decide if I should cancel one of those cards to be able to pick up this card, or what.
Regardless, I don’t think sign-up bonuses on no annual fee cards get more compelling than this, assuming you’re someone who spends a fair amount on dining and non-bonused spend. Like I said, the 64,600 Membership Rewards points is the incremental return on this card — in total if you max out the $2,000 in dining and $50,000 in spend you’d earn 141,000 Membership Rewards points. If that’s reflective of your spend profile, this is an incredible deal.
Non-Affiliate Product Disclaimer: The information for the AmEx Everyday Preferred and Gold Delta Skymiles Business has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.