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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.
Just under a week ago American Express introduced The Blue BusinessSM Plus Credit Card, which is a fantastic new card. As far as I’m concerned, this is the single most lucrative credit card out there for everyday, non-bonused spend.
The card has no annual fee, and offers 2x Membership Rewards points on the first $50,000 spent on the card per calendar year. I value Amex points at ~1.7 cents each, so to me that’s the equivalent of a ~3.4% return on spend, which is unrivaled.
On top of that, the card has a special sign-up bonus of 20,000 Membership Rewards points after spending $3,000 within the first three months.
One question I’ve been getting quite a bit about this card is whether the Membership Rewards points that it accrues can be transferred to Amex’s airline and hotel transfer partners. Historically most American Express no annual fee cards accrue “Express” Membership Rewards points, which can’t be transferred to Amex’s airline partners. However, in conjunction with a card accruing “real” Membership Rewards points, those points can historically be pooled.
However, that’s not even an issue here, as the Membership Rewards points earned with the Blue Business Plus Credit Card can be transferred to all of Amex’s airline and hotel transfer partners. This is incredible for a no annual fee card.
Card Members have the choice to redeem the points for travel, statement credits, gift cards, or merchandise, and they also have the option to transfer points to one of our participating airline or hotel loyalty programs.
On top of that, Table 2 in the Membership Rewards terms & conditions shows that this card earns “premium” Membership Rewards points.
So why does all of this matter? Because if you have an Amex Membership Rewards card with an annual fee but want to cancel it, you’ll forgo the points if you don’t keep open a card that earns Membership Rewards points. The Blue Business Plus Credit Card is a card you can keep open with no annual fee, allowing you to cancel other cards with annual fees that might not be worthwhile anymore.
That’s just another reason to consider this card, as if there weren’t enough reasons already.
Redeem Amex Membership Rewards points for travel in Singapore Suites Class
There are good credit cards, and then there are credit cards that seem too good to be true. The new Blue Business Plus Credit Card certainly fits in the latter category. It’s incredible (and almost puzzling) that the best credit card out there for everyday, non-bonused spend is one that has no annual fee, and the card even accrues Membership Rewards points that can be transferred to partners, rather than the “Express” points earned on other cards.