Video Sunday Reader Question: Meeting Business Credit Card Spend Requirements
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Update: Some offers mentioned below are no longer available – View the current offers here – American Express® Business Gold Card
TPG reader Kevin asks:
“I recently applied for an American Express small business credit card and I have to reach the $10,000 minimum spend in several months. I’ve read your post on clever ways to reach the minimum spend bonus, but I’m unclear on if the strategy differs on personal or small business cards. If I’m the sole propitiator for a business, are there certain personal spends I can’t make? This is my first business card, so I’m worried groceries/smaller personal purchases would prompt a Fraud Report from Amex.”
As you see in the video, there’s no need to be nervous. It’s true, you don’t want to trigger a financial investigation from Amex, but a business card is basically the same thing as a personal card, and it doesn’t matter what expenses you put on it. Obviously don’t to anything shady, and for your own accounting purposes, you might want to keep your business and personal expenses separate, but from the perspective of meeting minimum spending requirements Amex doesn’t care.
For instance, I got the Amex Business Gold card for business earlier this year and had to hit $10,000 for the full point bonus, so I put some personal expenses on it to do so, and for my own accounting, I just made sure to notate that it was a personal expense. But there is no problem putting these expenses on your card. If you play by the rules and don’t put anything shady on the card–Amex will even let you buy Amex gift cards and count these purchases toward your minimum spending requirement–you should have no problems.
If you need more minimum spend ideas, check out this post.
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.