Update: This offer has expired. Congrats to those who got in on time!
Today marks the return of a limited time offer that is very much worth considering if you value Amex Membership Reward points anywhere close to how I do. The offer is for the American Express Business Gold Rewards Card that will award 75,000 Membership Reward points after spending $10,000 in the first four months. This is greatly increased over the standard offer of no sign-up bonus points, and even a substantial increase over the targeted 50,000 point offer that I got in on last year. In other words, 75,000 points is a big deal these days.
Application: The Business Gold Rewards Card® from American Express OPEN
Here are the official details:
- LIMITED TIME OFFER: Earn 75,000 Membership Rewards points when you spend $10,000 in the first 4 months of Card membership.
- 3X points on airfare
- 2x points on purchases in the U.S. for advertising in select media, gasoline at U.S. stand-alone gas stations, and shipping
- 1X points on other purchases
- Points are earned only on eligible purchases. Bonus points limitations apply.
- $0 introductory annual fee for the first year, then $175
- Introductory annual fee for Additional Gold Cards in the first year is $0; then, $50 for the first Additional Gold Card and no fee for other Additional Cards
- Terms & Restrictions Apply. Offer expires January 28th, 2013.
I personally like this card not only for the very large sign-up bonus, but also for the 3x points it awards on airfare purchases (though I only use it for domestic airline purchases to award paying a foreign transaction fee). 3x on airfare can add up quickly if you purchase airfare with any regularity. The 2x bonus categories can also be helpful – I personally use the 2x for shipping a fair amount at the post office and at places like FedEx, UPS, etc.
Membership Reward points are flexible points than can either be used as cash, for gift cards, or transferred to a variety of hotel and airline partners. Here is a post with some of my favorite Membership Reward uses. I personally often take advantage of periodic transfer bonuses to the British Airways Avios program and use those points to fly on short American Airlines flights. A 30% transfer bonus to British Airways just ended, but the bonuses have been as high as 50% in the last year. Of course there is no guarantee of what will happen in the future, but those bonuses have been very helpful to my family in the past.
Here is a full list of hotel and airline partners:
While you cannot transfer Amex Membership Reward points to to United, you can go a round about way to use them on United flights (which is important for United fans like me). You can transfer to one of the Star Alliance partners like Air Canada’s Aeroplan progarm or Singapore Airlines KrisFlyer program. With Aeroplan transfers are instant and the rates are 25,000 points for a round trip on United within the lower 48, Canada, or Alaska. If you want to go to Hawaii it will cost you 45,000 points round trip for economy. You can also use the points to fly in business or first class. Check out the Aeroplan award chart here.
Another option is to use Membership Reward points within Star Alliance is to transfer to Singapore Airlines to fly on United or US Airways flights. In fact, it can be an even better deal if you want to fly in a premium cabin, fly to Hawaii, or just book a one-way. Economy round trips within the US (other than Hawaii) and Alaska are still 25,000 miles, but one-ways are just 12,500 (they are more with Aeroplan). However, if you want to fly to one of those locations in business or first class on United (on a two-cabin plane) it is just 40,000 points (cheaper than Aeroplan, United, or US Airways). On a three-cabin plane first will cost you 60,000 points round trip on United via KrisFlyer.
The round trip rates to Hawaii on United via KrisFlyer are also very good at 35,000 points round trip for economy. 60,000 points for business (or first on a two cabin plane), or 80,000 points round trip on a three cabin plane. The one downside is that the transfers are not instant (typically up to a day or so) and you do have to book over the phone. Still, the redemption rates are very good for some routes, so it can be worth the extra trouble. Here is a link to using KrisFlyer miles to fly on a Star Alliance partner like United.
If I didn’t already have the American Express Membership Rewards Business Gold Rewards card I would be all over this one. If you want in on this offer, remember this is a very limited time deal that will expire on January 28th.
Disclosure: I do receive a commission if you are approved for this card using one of my affiliate links. As always, thanks for your support.