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The Blue For Business Credit Card From American Express: Friends With Benefits Takes On New Meaning

Business Credit Cards, Credit Cards
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The Blue Business℠ Plus Credit Card from American Express is a lukewarm offer: not terrible, but hardly among the best small business credit cards out there. While it doesn’t boast the same tailored rewards categories as some other business cards, it offers an unusual rewards system that’s worth talking about.

Relationship bonus not all it’s cracked up to be

The Blue Business℠ Plus Credit Card from American Express earns you 1 Membership Rewards point for every dollar you spend. There’s no cap to how many points you can earn, and no expiration date. So far, this all sounds fairly average, right? Where The Blue Business℠ Plus Credit Card from American Express strays from the beaten path is in how it rewards customer loyalty. Each year that you have the card, you’ll earn a 30% points bonus on eligible purchases.

Beyond debating the merit of The Blue Business℠ Plus Credit Card from American Express’s rewards rate, consider how you’ll redeem your rewards. The card has no cash-back option, so you’re limited to choosing gift cards from a list of retailers that, while it may be extensive, isn’t the same as having cold hard cash in your pocket. You can also use your points to purchase Facebook advertising for your business, or to pay for office supplies or shipping expenses. If you book flights through the American Express Travel website, you can use your points to fly any time, on any airline, without fear of blackout dates.

The Blue Business℠ Plus Credit Card from American Express has an introductory APR of 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 12.24% - 20.24% Variable APR. The card has an annual fee of $0.

Additional perks

Through American Express OPEN Savings, you have access to instant discounts on various services when you use your card to pay. Discounts range from 3% to 10%. Examples of OPEN Savings partners include FedEx, Hertz, Barnes & Nobles, and airTran. These discounts give you the potential to dramatically increase your savings with The Blue Business℠ Plus Credit Card from American Express depending on where you tend to spend the most money.

Overall, we think there are better credit cards for small businesses out there. The rewards rate and redemption options for The Blue Business℠ Plus Credit Card from American Express limit its appeal. Take a good look at how and where you spend your money and at how flexible you’re willing to be with redeeming your rewards before you apply for The Blue Business℠ Plus Credit Card from American Express.