Amex Blue Business Plus Approval
Last week American Express announced the launch of a brand new business credit card. A replacement to their “Blue for Business”, the Blue Business Plus Credit Card is actually a simple product. You pay no annual fee and earn 2X Membership Rewards points on all purchases up to $50,000 per calendar year.
Additionally, the card comes with a 20,000 point bonus after $3K in spend during the first 3 months. As part of my original analysis, I said I wanted to apply for the card, but was holding off due to being close to getting a mortgage.
Why I Applied
As you can tell from the title, I ultimately didn’t end up holding off. In fact I applied on the day it came out and was instantly approved. So why did I change my mind? I saw a few data points indicating that American Express wasn’t doing a hard pull for all new applicants on this card. (I have seen similar data points for other Amex cards as well.)
It seems that for customers with a long relationship with Amex, they may be using your internal profile to determine approvals. I applied and was approved almost a week ago and have confirmed that no hard pull was performed. For the record I am a long time customer with many cards already, so this won’t work for everyone and there is no guarantee they won’t pull your credit.
Why This Card
As I mentioned last week in my detailed analysis, this card really is the king of business spend. It earns 2X Membership Rewards points which can be transferred to travel partners or redeemed in other ways. Since I have a lot of business spend, the ability to earn 2X everywhere without an annual fee was too much to pass up. I also have a few employee cards on the way which will earn cashback via Amex Offers. Bottom line, this card is quite valuable in my opinion.
While it was not guaranteed and certainly isn’t guaranteed for everyone, I was really happy to get this card without a hard credit pull. Since it is a business card it won’t show up on my credit either, so it shouldn’t have an immediate effect on my mortgage. Win win!
Did you apply for the Blue Business Plus Credit Card? Did Amex pull your credit? Share your experiences in the comments!