Boost Your Business Rewards: Explore Small Business Card Benefits

A brand-new promotion that is only available for a limited time from American Express may be of use to proprietors of smaller businesses. This limited-time offer is valid for eligible business owners who open a new Amex Business Checking account between now and January 3, 2023. As an added bonus, American Express is also introducing a video chat feature for account holders, enabling them to connect directly with a dedicated representative for personalized assistance. In addition to this valuable communication tool, business owners who fulfill the necessary requirements will receive 60,000 Membership Rewards points as a thank-you for their business.

Activities that Qualify for American Express Business Checking Account

On the website of American Express, the company provides information regarding the activities that must be completed in order to be eligible for the 60,000 Membership Rewards point bonus. In their Terms and Conditions, American Express makes it clear that new account holders are required to fulfill the following requirement:

1. Deposit a total of $5,000 or more in 'new money' into your account within twenty (20) days of account opening (the new money must also post to your account and appear in your Available Balance.
2. Amex goes on to define 'new money' as deposits that have not been deposited from any other American Express Business Checking account, as well as deposits that have not been deposited using their Redeem Membership Rewards Points for Deposits feature.

Card Benefits

The American Express Business Platinum Card comes with a variety of perks that were developed with the needs of smaller companies in mind. When eligible cardmembers use their cards at popular retailers, they can unlock several annual statement credits in addition to the savings that are available at select merchants through Amex Offers. Amex gives cardholders a $5 credit when they spend $10 or more at local businesses, in order to encourage them to spend their money there. The ongoing pandemic caused by the coronavirus continues to have an effect on the shopping habits of Americans.

Credit Cards Designed for Small Businesses

Online exclusive: Bonus offer of a $300 credit to the statement

You can choose to receive a cash back bonus of 3% in any one of the following categories: gas stations (the default), office supply stores, travel, TV/telecom & wireless, computer services, or business consulting services. 2% cash back on purchases made at dining establishments (after the first $50,000 spent in combined choice category and dining establishment purchases each calendar year, the cash back rate drops to 1%) and 1% cash back on all other purchases made.

Points for Membership Reward Programs

Building up points in the Membership Rewards program is possible with the vast majority of American Express cards. Consider these to be the shared reward points that can be transferred between different cards and redeemed for a variety of different credits or rewards. Your eligibility for a particular credit card will determine whether you will earn more points for spending money on eligible purchases from specific purchase categories or for spending money in general.

The following are the ways in which a credit card for a small business can be beneficial

Having a small business credit card with Amex or another card issuer can help mitigate cash flow pinches and generate savings on day-to-day expenses during times of economic uncertainty, which can help mitigate the effects of cash flow pinches. Owners of small businesses can take advantage of additional benefits designed to simplify accounting and monitor the money their employees spend.

Conclusion

In summary, American Express is offering a limited-time promotion for eligible business owners who open a new Amex Business Checking account and complete certain requirements. These requirements include depositing at least $5,000 of new money into the account within 20 days of opening it. Amex also offers benefits for small businesses through its Business Platinum Card, including statement credits and cashback rewards for purchases made at specific merchants or in certain categories. Small business credit cards can also help mitigate cash flow issues and simplify accounting processes for business owners.