Big Habitat put out a post on the 8th that he got a American Express Business Platinum card with a very generous 150,000 points sign up bonus from a post from Miles Per Day.
Miles Per Day is a very good blog that I have been reading for about a little while (I must have missed this particular post). I would recommend the blog even if he didn't have this offer. This is just icing.
The offers of the sign up bonus are the following:
- Spend $10,000 in the first 3 months, you earn 100,000 points
- Spend another $10,000 in the first 3 months (20k total in 3 months), you earn another 50,000 points
All in all, if you spend $20,000 in three months, you earn 170,000 miles (including the miles for the actual spending). That's 8.5 points per $1 spent for the first $20,000.
Offer expires on 5/15/2015 so I would hurry.
I called tonight for the offer and I was approved with the offer confirmed by the rep.
The points are very valuable since they can be transferred to American Airlines, Southwest, British Airways and other partners.
The card comes with a $450 annual fee. $400 of that can be recouped via a $200 calender year airline incidental fee refund. See the post for more details.
Keep in mind that American Express personal cards are no longer churnable. You are allowed one sign up bonus per person per lifetime. Business cards allow for a sign up bonus every 12 months. This is a business card so you don't have to think too hard about this one.
Spending the Money
$20,000 is a lot of money to spend. Miles per Day is planning on reselling his way to it (that's what I plan as well), while Noah from Money Metagame had done it through gift card churning.
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