High-value Amex Card initial offer ranging from $1,500 to $3,000
In the realm of business credit cards, two standout options are the Capital One Spark Miles for Business and The Business Platinum Card® from American Express. Both cards offer substantial rewards and benefits, catering to businesses seeking to maximise their earnings and streamline their expenses.
Capital One Spark Miles for Business
The Capital One Spark Miles for Business card offers a sign-on bonus of 50,000 miles (worth $500) if you spend $4,500 in the first three months. Additionally, the card provides up to $150 in statement credits on U.S purchases directly with Dell Technologies and a $120 credit for Global Entry or TSA PreCheck®.
Earning miles is straightforward with this card. Businesses can earn five miles per dollar spent on hotel and car rentals booked through Capital One's travel booking site and two miles per dollar on all other spending. The card's annual fee is $0 intro annual fee for the first year, then $95 after.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express has a more substantial welcome offer of 100,000 Membership Rewards® points after spending $15,000 on eligible purchases within the first 3 months of Card Membership. Points earned with this card are worth more when redeemed for travel, not cash back.
The card provides access to over 1,400 airport lounges across 140 countries and offers a $200 Airline Fee Credit. Businesses can earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals booked on AmexTravel.com, and 1X points on other eligible purchases.
The Business Platinum Card® from American Express also offers up to $209 back per calendar year on CLEAR® Plus Membership, and up to $20 in statement credits monthly after eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores, totaling up to $240 annually. The card's annual fee is $695.
Spending Requirements and Values
The current estimated value of the introductory rewards offer for The Business Platinum Card® from American Express after spending $15,000 on eligible purchases within the first 3 months of Card Membership is typically around 120,000 bonus points, valued at approximately $2,400. However, this specific offer with a $15,000 spending requirement appears to have been available from December 2022 to April 2024. More recent and common offers generally require a $20,000 spend to earn 150,000 bonus points, valued around $3,000. Some targeted offers may include additional perks like a $500 statement credit for qualifying flight purchases, raising the value further to about $3,500 or more, but these require higher spend thresholds.
In summary, if you specifically want the value at $15,000 spend, about $2,400 is the best estimate according to recent offer history. $15,000 spend offers typically provide around 120,000 to 150,000 bonus points, valued roughly $2,400 to $3,000. Common offers usually require a $20,000 spend for 150,000 points plus possible statement credits. Values are estimates based on points worth between 1.6 and 2 cents each depending on redemption strategies.
When considering a business credit card, factors to consider include your credit score, potential costs, whether you can take on another financial account, your reasons for wanting one, and security.
Both the Capital One Spark Miles for Business and The Business Platinum Card® from American Express offer unique benefits and rewards tailored to different business needs. It's essential to evaluate your business's spending habits and priorities to determine which card best suits your needs.
[1] Source: The Points Guy, American Express Business Platinum Card: Complete Review, 2023. [2] Source: NerdWallet, American Express Business Platinum Card Review, 2023.
Investing in the Capital One Spark Miles for Business could provide a sign-on bonus of up to $500 in the form of 50,000 miles, alongside additional benefits such as spending credits and bonus miles on specific categories. On the other hand, The Business Platinum Card® from American Express offers a significant welcome bonus of up to 150,000 Membership Rewards® points (valued around $3,000) upon spending $20,000 within the first three months, along with access to airport lounges and cost-saving credits on various business expenses. In terms of finance, both cards offer opportunities for businesses to maximize their earnings and manage expenses efficiently.
