AmEx Credit Card Signup Bonus Disappearing Soon
A few weeks ago I wrote about signup bonuses for business credit cards. The beauty of these cards is that they not only give sizable signup rewards, but they’re also available to everyone, not just businesses… If they ask for a business name, just use your name and leave the Federal Tax ID blank.
Anyway, it has come to my attention that the juiciest of these deals is expiring soon… For the time being, you’ll get $150 in free money for doing nothing more than signing up for the Business Gold Rewards Card from American Express — act fast before this deal cools down!
Here’s how it works:
(1) Apply for the card.
(2) Receive a 5000 point bonus (redeemable for a $50 gift card) with your first purchase.
(3) Receive a $100 statement credit as soon as you charge $100 or more.
That’s it! The only catch is that this card has a $125 annual fee, but it’s waived for the first year.
And if you’d like to earn even more bonuses, consider applying for these other two business cards, as well… These two cards will net you an additional $200 in free money, bringing your grand total $250 for a few minutes work:
» Starwood Preferred Guest Business Card
Earn 10,000 points following your first purchase, redeemable for a $100 gift card at a variety of different merchants. Earn an additional 15,000 points if you spend $15,000 in the first six months. There’s a $30 annual fee, but it’s waived for the 1st year.
» CitiBusiness Card with ThankYou Network
This card is part of the Citi ThankYou Redemption network, and you’ll receive $100 worth of ThankYou Rewards (redeemable for gift certificates, student loan payments, etc.) after $250 purchase. Best of all, there’s no annual fee.
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It looks like, in the footnote, the $100 credit expired on 12/18/2006. Guess I won’t apply for this one!
Comment by Patrick — Dec 27th 2006 @ 12:39 pmIt’s unclear to me whether or not the $100 really did expire, as the ad still shows it (albeit with an expiration date in the footnote). I went ahead and applied, and will post details once I hear back. In the mean time, you will still (at the very least) get the $50 credit, and the other deals are still good, so you can still net you a total of $400 across deals.
Thanks for the info. All but one seem to have annual fees. Does anyone know if there are any other incentives after the first year?
Or once they have you, they don’t care anymore.
Caution to folks trying to do this will all the mentioned cards, this will have a dramatic effect on your credit rating, you will be seen as a “credit seeker” and your score will reflect this. Each credit card you apply for (and cancel) will stay on your credit score for 7 years.
Applying once or twice and canceling is fine, but after that your playing with fire when it comes to your credit rating. Trust me that’s worth way more than the $150 you “make”.
Comment by John W — Jan 3rd 2007 @ 1:27 pmThe only card I ever had with rewards points, well, I’m still waiting on the rewards to get to me. I turned them in twice and still didn’t get them. That card is history.
Comment by Kennethg — Feb 18th 2007 @ 7:50 pm