This post is part of a new series I’m starting where I write about the recent credit cards I’ve opened and my thinking/rationale behind getting the card. I open a lot of credit cards each year – typically 12 or more cards between me and my wife. I figure it might be helpful to some people to see what cards I’m opening and why I decided on them.
My most recent card I’ve opened is the American Express Blue Business Plus. This is a business credit card from American Express, which means you’ll need a business to be eligible for this card. Fortunately, just about anything counts as a business, and if you’re a side hustler like I am, you likely have something that qualifies as a business.
American Express is also pretty lax on what type of business you need to have to qualify for a business card – even just an idea for a business should qualify you for one of their business cards (you can learn more about business credit cards in this post: Business Credit Cards: The Ultimate Tool For Travel Hackers).
With that said, in this post, we’re going to look at the latest credit card I opened – The American Express Blue Business Plus – and discuss why I opened this card, what the process of opening the card was like, and what my plan with this card is going forward.
Why I Opened The American Express Blue Business Plus
At the outset, let’s start with why I opened the American Express Blue Business Plus. I actually already have this card, but American Express targeted me for a second card, which is why I decided to open another one. The targeted offer I received was for 75,000 American Express Membership Rewards Points after spending $15,000 in 12 months. Of course, that’s a high spend requirement, but since I have a year to meet the spend, it won’t be a problem.
Beyond the bonus, there are a lot of other reasons why the Blue Business Plus is one of my favorite credit cards. Here are the main reasons why:
1. Keeps My Membership Rewards Points Alive
The most important reason to get this card is that it keeps my Membership Rewards Points active. Unlike Chase or Citi, which links your points to each individual card you have, Membership Rewards Points are pooled together in one overall account. That means if you earn points on one card and also earn points on a different card, the points all automatically end up in the same account.
Membership Rewards Points don’t expire, but to keep your points active, you must have a card that earns Membership Rewards Points. There are a bunch of American Express cards that earn Membership Rewards Points, but all of them have annual fees. The Blue Business Plus, on the other hand, has no annual fee, which means it’s a great card to always have open so that you never risk losing your Membership Rewards Points.
For my latest application, I didn’t necessarily need the card for this purpose since I already had a Blue Business Plus open, but if I didn’t have one already, this would be a big reason to get this card outside of earning the signup bonus.
2. It Earns 2x Points On Your First $50,000 In Purchases Each Year
The second good reason to get this card is that it earns 2x Membership Rewards Points on your first $50,000 in purchases each year. Getting 2x points on my basic spend is a good deal since Membership Rewards Points are particularly valuable to me.
Most of the time, getting bonus points on category spend isn’t important to me since I’m almost always working on the signup bonus for a new card (which means my spending usually goes to whatever my newest card is, regardless of category). However, there are a lot of times when I don’t have a new card. In that situation, the Blue Business Plus is an excellent default card for me.
2x points on your first $50,000 in purchases means I could theoretically earn 100,000 Membership Rewards Points if I maxed out the 2x spend. I don’t do that because that’s a lot of spend, but I have had situations where I have a large bill to pay, then realize I don’t have a new card ready to go. In that situation, it’s nice that I can put the spend on my Blue Business Plus and get a decent return on my spend.
3. The Blue Business Plus Has No Annual Fee
This was already mentioned, but the Blue Business Plus has no annual fee, making this a great card to keep long-term. Even if you don’t care about the 2x points benefit, it’s worth getting and keeping the Blue Business Plus so you never have to worry about your Membership Rewards Points expiring.
One thing to note is that American Express has an unofficial limit of 5 open credit cards per person. This appears to be a weirdly applied limit though, as some people can have 6 credit cards open, so how this limit is applied is unclear. You can assume most people are limited to 5 open credit cards at a time. This 5-card limit does not include the charge cards (which are the American Express credit cards that do not have a credit limit, such as the Platinum or Gold cards.
The Blue Business Plus is a regular credit card, so it counts towards the unofficial 5 (or 6) credit card limit. That means if you keep this card open, it will limit how many other cards you can have open at the same time. Still, I recommend always keeping a Blue Business Plus open because of how important it is for keeping your Membership Rewards Points active.
4. It Was Offering A Good Signup Bonus
The final reason I got this card was for the signup bonus. In general, the Blue Business Plus usually doesn’t have great signup bonus offers (or at least the public offer usually isn’t very good). That’s why when I see a good bonus for it, I usually jump on it if I can.
In this case, I received a targeted offer when I logged into my American Express account. The nice thing is that this offer didn’t have any lifetime language in it, which meant I was eligible for the bonus even though I already had this card. One nice thing about American Express is that if you aren’t eligible for the bonus, you’ll always receive a pop-up telling you that you won’t be eligible to get the bonus and asking if you still want to proceed. Since I didn’t receive that pop-up, I knew I was good to go.
75,000 Membership Rewards Points are worth a lot to me – at least $1,000 worth of travel most likely. And earning those points from a card with no annual fee is great.
The Process of Opening The American Express Blue Business Plus
I opened my latest Blue Business Plus after receiving a targeted offer in my American Express account. The offer appeared in a pop-up when I logged in. Applying for the card was easy since the offer was tied to my account. My personal information was automatically filled in and all I had to do was fill in information about my business.
With business credit cards, I usually use my rental property as my business, although I do sometimes mix it up and use this blog as the business. However, I could use any business of mine if I wanted, including food delivery with apps like DoorDash and Uber Eats, or dog sitting with apps like Rover.
The application asked me about my business revenue, type of business, and what industry my business is in. I put my gross yearly rent as the income, selected myself as owner and sole proprietor, and put that the business was in the real estate industry. After submitting my information, I was instantly approved. Most of the time, my American Express applications are instantly approved, although, in rare circumstances, my applications go pending, and then get approved after I submit documents verifying my address (such as a utility bill).
American Express typically gives you the option to get your card number immediately so you can make online purchases. I didn’t have an immediate need for the card, so I opted to wait for it to arrive in the mail. It arrived in a regular envelope about a week later.
The offer I received requires me to spend $15,000 in 12 months, which makes this a perfect card for me to have whenever I find myself without a new card. Most of the time, I’m working on minimum spend requirements, but there are times when I’m in between cards or have a big expense to pay but don’t have a new card to use. In those situations, having a card like the Blue Business Plus with a huge spend requirement, but plenty of time to hit the spend, is good to have.
Most likely, there will be stretches where I don’t have a card and will need to use the Blue Business Plus to pay a large bill. Some things that come to mind are my monthly daycare tuition or home maintenance stuff that I need to take care of.
While I have 12 months to hit the spend, I’m guessing I’ll probably end up hitting the spend sooner than expected. In any event, with 12 months to work with, I can easily plan my expenses around those large bills. With the 75,000 bonus points plus the 2x points for the $15,000 I need to spend, I’ll end up with a minimum of 105,000 Membership Rewards Points. That’s very good for a card with no annual fee.
This is now my second Blue Business Plus card. My wife also recently got another one from a targeted offer she received, although her signup bonus is only 50,000 Membership Rewards Points. Still, with targeted offers like these, you sometimes have to accept whatever comes your way.
To me, everyone in the American Express ecosystem needs to have the Blue Business Plus. It’s a good default card to use when you don’t have any specific category spend or are between signup bonuses. And it has the benefit of keeping your Membership Rewards Points alive without paying an annual fee.
I hope this look into one of my recent credit cards and how I decided to get it was interesting to you. As I get new cards, I’ll write dedicated posts like this one explaining why I got the card and what my plan with the card is. Hope this was helpful!