Amex Introduces The New Best Business Credit Card For Everyday Spend

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Update: The special welcome offer for the The Blue Business℠ Plus Credit Card from American Express has expired, but you can learn more about best available offers here.

American Express has just introduced their newest credit card, The Blue BusinessSM Plus Credit Card. This credit card actually replaces The Blue for Business Credit Card, which I picked up earlier this year. However, I don’t believe existing cardmembers will automatically be converted, though there may be an opportunity to product change from another card to this, should you so desire.

The new Blue Business Plus Credit Card has no annual fee, and offers a sign-up bonus of 20,000 Membership Rewards points after spending $3,000 within the first three months of card membership. For a no annual fee card, I’d say that’s pretty solid — it’s also marketed as a “special offer,” so I wouldn’t necessarily expect that it will stick around, and certainly wouldn’t expect that we’ll see a bigger bonus anytime soon.

This card is fairly straightforward, though there’s something that makes it really awesome — you earn 2x Membership Rewards points on the first $50,000 you spend on the card per calendar year (and then one point per dollar thereafter). Earning two Membership Rewards points per dollar spent in non-bonused categories with a no annual fee card is really great.

For example, you can pay taxes by credit card (including business taxes) for a fee of ~1.9%, so this would be an opportunity to pick up Membership Rewards points for under a penny each. This would definitely be my go to card for spend in non-bonused categories.

There are definitely better business cards for specific categories of spend, like the The Business Gold Rewards Card from American Express OPEN and Ink Business Preferred℠ Credit Card. However, for non-bonused spend, this new card is tough to beat.

The one thing I’m not sure of is whether you’d be eligible for the sign-up bonus on this card if you’ve had The Blue for Business Credit Card in the past. The terms for the Blue Business Plus Credit Card state that the “welcome bonus offer [is] not available to applicants who have or have had this product.” So I’d think that those who had the Blue for Business Card would be eligible, since this seems like a different product, but I’m seeking clarity on this at the moment, just to be on the safe side.

Bottom line

I’d argue that the new Blue Business Plus Credit Card is the most lucrative business card for the first $50,000 of non-bonused spend per year. Heck, it might be the most lucrative card for the first $50,000 of spend per year across the board, whether we’re talking about business or personal cards. On top of that, this card has no annual fee, so it should be easy to get value out of it, especially as these points can be pooled with your other Amex points. Anecdotally I find that Amex small business cards are pretty easy to get approved for, and this should be no exception.

What do you make of the new Amex Blue Business Plus Card?

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Comments

  1. I don’t pay attention to business cards, so forgive me if the answer to this is easy: what is the best business card for everyday spend for someone who spends +$50,000 / month? It’s preferred to stick to MR and American Express.

  2. This is a really interesting product. I guess the question for me will be whether I value 1.5 UR points more or 2 MR points. I feel like miles are getting harder and harder to redeem so I like that UR points can be converted to hotel points. But for someone who likes MR points, this card seems like a must have.

  3. @ Luis — Certainly everyone values Membership Rewards and Ultimate Rewards points differently, and I’m always interested in how those valuations vary. Personally I value them roughly equally, though for someone who wants hotel points, you’re right that Membership Rewards isn’t ideal.

  4. @ Garrett — There’s probably not an easy answer. There are some cards with great bonus categories, like the Business Gold Rewards and Ink Preferred. Otherwise I’d consider the SPG Amex (I value Starpoints at 2.2 cents each), the Spark for Business (which is essentially a 2% cash back card), and the Amex Business Platinum (you say you want Membership Rewards points, so this is most useful if you make transactions of at least $5,000, since you then get a 50% bonus).

  5. @ Ed — This is a credit card, so should count towards the five card credit card limit that American Express has.

  6. @Ed I would imagine, since it is a credit card, it will count towards your credit card limit.

  7. @Ben: For those who spend less than $50,000 per year, wouldn you agree that this effectively spells the end of the EveryDay Preferred card? Sure, the 3x gas and 4.5x grocery bonuses are nice, but with that card’s annual fee versus this no-fee and no 30-transaction minimum, I’m not sure those categories justify keeping the EveryDay Preferred after picking this one up.

    Thoughts?

  8. Any idea if it’s considered a separate product from the Blue for Business for lifetime signup bonus reasons?

  9. @Lucky Thanks! It’s for my friend who’s not really interested in points/miles, but enjoys traveling a lot. He doesn’t like “wasting” time on this stuff, but is always surprised when I tell him things like “I’ll be at the St. Regis in Aspen for a week” during ski season. hahaha I got him to sign up for the SPG Amex, but he doesn’t use it. I guess business Platinum it is for now. The guy barely collects miles for his flights…..

  10. @ Red — I’m trying to clarify this right now. I suspect it is, but am not 100% sure yet. I’ll report back.

  11. Early this year I got the “old” Blue for Business that at the time offered 10x for the first $2000 in restaurants and 2x for the first 50.000 spend. But that bonus was only a promotion. Probably will switch to the new card next year

  12. What’s the best corporate card? I know Amex offers a variety including some American Airlines cards, but what is the best corporate card for a company with £4 million in sales, £2.5 million in profit and 10 employees?

  13. On the website, after i logged and also not logged, it doesn’t say anything about a 20k bonus – so hesitating to apply

  14. @ Scott — The sign-up bonus is available only through the affiliate channel, so it’s a special bonus if you’re applying through a site like this. 🙂

  15. I have what is probably a newbie/silly question for most, but I don’t know the answer. If I have the Amex personal platinum as well as the Amex business platinum, wouldn’t getting this blue card still be worth it if the MR points I receive at 2x from spend on that card are combined with my existing MR account. There are lots of charges for which I only receive 1x points on my platinum cards. Thanks in advance.

  16. @Kneemuh I see this and EDP as complimentary as blue points aren’t full MR and require another card to do transfers. 2x everywhere up to 50k + EDP is a strong proposition for $95. If you want no AF though, the Amex Everyday (non-refundable) may be substituted.

  17. @ Jeremy — While I assumed that was the case as well, I was informed that this card earns “real” Membership Rewards points, which is surprising.

  18. @ John Ingle — Not a silly question at all. You’re absolutely correct, as you can combine the points. 🙂

  19. @ Red — Can officially confirm it’s considered a separate product, and therefore you’d be eligible for the bonus even if you’ve had the Blue for Business in the past.

  20. This sounds fantastic! 2x points on $50K spend and get 35% back when have Business Platinum. This is a no brainer.

    Is there a time limit for sign up bonus, as I have to cancel a card?

  21. @ david — This is a special offer and limited time, but unfortunately I don’t have an end date. While I don’t think the bonus will disappear in a few days, I’d try to apply in the next few weeks if you can.

  22. Thank you. This is attractive. Still in most cases, I might still want to put charges on my SPG card (for as long as it is around) as SPG points are still more versatile, such as transfers to Alaska Airlines, Korea Airlines and Japan Airlines, as well as for use at Marriott/Starwood hotels.

  23. if you’re in the business of transferring, UR and MR are the same damn thing. IF you’re chasing 1.5 cent redemption or whatever, guess it starts to deviate. Even then, with teh biz plat, I can redeem for 2 cents or transfer, major flexibility…

  24. Is there any reason to switch to this card from the older amex business blue? Other than the signup offer of course.

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