American Express has pulled a major deal out of their hat today and offered up the AmEx Business Gold for 75k. You’ll also receive 3x on airfare, 2x on gas and shipping, and 1x on everything else and the annual fee is waived for the first year ($175 after that). Not bad! The kicker is that this is only available TODAY (February 29th), so if you are going to apply, you need to do it soon. Like, now (or right after reading the rest of the post)!
Now, usually I’d be all in for this reward, as 75k AmEx points for a Gold card is the highest we’ve seen. And while AmEx points aren’t as valued by me as Chase points, 75k has some major potential. Delta and BA routinely offer transfer bonuses of 30-50% on top the 1:1 transfer ratio, meaning this has the potential to net you up to 125k Delta or BA miles. And eventhough Delta and BA aren’t the best when it comes to reward travel, that is a BOATLOAD OF MILES!
So, the reason I’m on the fence:
The minimum spend is set at $10,000 in 4 months. That is a lot of money to be throwing towards one card. I’m just about to do an App-o-Rama (probably in the next few days), and getting this card would throw a major wrinkle in that. To meet the spend requirements on this card, I’d have to only apply for cards in the AoR that have no minimum spend. Also, because I live abroad, I’d be getting dinged with a 3% foreign transaction fee on all my purchases, which would equate to $300 down the drain. Not the end of the world, but a major nuisance.
Overall, I think this deal is a GREAT ONE for anyone who doesn’t have a problem meeting the minimum spend. 75k offers don’t come around that often, and with the transfer bonuses that pop up here and there, you can really make out like a bandit. Also, having a 2x on gas is pretty nice. However, if you are like me and may have trouble reaching the minimum spend, think before you act. It won’t do you any good to get the card and then miss the spend.
If you do decide to apply, TAKE A SCREENSHOT OF THE OFFER PAGE AND APPLICATION PAGE. This is a safeguard against them not honoring it later on. Good luck!
Did you pull the trigger on this card? Why or why not?
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