Limited time only: Earn up to $300 in welcome credits for Amex Blue Business Plus, Blue Business Cash

Aug 6, 2020

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American Express has launched a new, easy-to-earn welcome bonus across two of its small business credit cardsThe Blue Business® Plus Credit Card from American Express and the American Express Blue Business Cash™ Card. Now through Nov. 4, new cardholders will earn up to $300 in statement credits after making eligible purchases at Dell, DocuSign and FedEx (up to $100 each) in the first three months of card membership.

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This welcome offer is unique and not something you typically see from issuers. Rather than requiring a minimum spending threshold to earn a bonus, cardholders earn the offer as they spend. For example, if you spend $75 at Dell on a new monitor for your work-from-home setup within the welcome period, you’ll get $75 credited back to your account and have an additional $25 in Dell credits left, or $225 total.

Related reading: 5 items to get with the new $100 Amex Platinum Dell statement credit

Blue Business Plus Card 

(Photo by The Points Guy)
(Photo by The Points Guy)

Annual fee: $0 (see rates and fees)

The Blue Business Plus Card is a solid no-annual-fee business credit card that earns 2x on the first $50,000 in purchases each year (then 1x). This card grants you access to the Membership Rewards program, which is great business owners, freelancers and sole proprietors who want to earn transferable travel rewards on their business expenses.

You’ll get 0% APR for 12 months on new purchases (13.24% – 19.24% variable APR applies after). The card also comes with an array of small business perks, including employee cards for no additional annual fee and Vendor Pay by Bill.com.

Check out our full card review to learn more.

Blue Business Cash Card

(Photo by The Points Guy)
(Photo by The Points Guy)

Annual fee: $0 (see rates and fees)

The Blue Business Cash is the cash-back version of the Blue Business Plus, offering 2% cash back on the first $50,000 spent each year (then 1%). You’ll get the same 0% APR offer for 12 months (13.24% – 19.24% variable APR applies after) and business tools like no-annual-fee employee cards and access to Vendor Pay by Bill.com.

Check out our full card review to learn more.

Is the offer worth it?

Short answer? Yes. Previously, neither of these cards offered a welcome bonus. And while we’ve seen a 10,000 point offer on the Blue Business Plus in the past, this $300 offer is a better value overall. TPG values Membership Rewards points at two cents each, so 10,000 points is worth just $200.

Considering Amex only gives you one opportunity to earn the welcome bonus on a card once per lifetime, it’s important to time your applications right. While this $300 offer may not be the most lucrative, it’s certainly a big step up from the standard (non-existent) welcome offer on either card.

Aside from the bonus being easier to hit than many welcome bonus thresholds, it’s also nice that it’s not all-or-nothing. Generally, you have to hit a spending requirement within a certain timeframe to get the bonus. If you don’t meet the threshold, you don’t get any of the bonus (even if you were almost there).

With this setup, you’ll earn as much as you spend. You could utilize this bonus to earn the full $300, or you could end up earning $125 or $267. This means you can theoretically still benefit from the offer even if you don’t max out the categories.

Related reading: Easy sign-up bonuses you can earn right now

Of course, the downside to this is that your spending to earn the bonus is limited to three merchants — that may not be useful for many small business owners that don’t have a spending need at Dell, Docusign or FedEx. A freelancer who really only uses a business credit card for office supplies, internet and some computer software may not be able to maximize this offer.

Something else to consider is that you’re getting a cash-back statement credit with this offer — even on the Blue Business Plus, which generally earns Membership Rewards points. Rather than earning a bonus of Membership Rewards points that can be transferred to partners for even more value than cash back (TPG values MR points at 2 cents each), you’re getting a statement credit.

Bottom line

At the end of the day, this offer is a huge step up from the norm for these cards. You’re getting up to $300 in value, which isn’t insignificant. And if you are someone who would have spent in these merchant categories regardless, this bonus can be incredibly easy to hit. If you’ve been considering adding either of these cards to your wallet, now is a great time to consider applying.

Remember, this bonus offer will expire on Nov. 4, 2020. So if you’re interested, make sure you apply before then or you’ll miss out on the ability to earn a welcome bonus with these cards.

Featured image by vgajic/Getty Images. 

For rates and fees of the Blue Business Plus, click here
For rates and fees of the Blue Business Cash, click here

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,600

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.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 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.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
N/A
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

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