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American Express Business Checking $500

$500.00
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Amex increased their bonus offer for business banking to 50k points for 5k deposits.

YMMV Combine with platinum business credit cards 150k points for $15k purchase for extra 20k bonus. Total = 220k bonus points.

Targeted Offer for business checking + business platinum:
https://www.americanexpress.com/en-us/campaigns/small-business/business-platinum-card-business-checking/

https://www.americanexpress.com/e.../checking/
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Created 11-05-2023 at 02:47 PM by OrangePickle8757
in Finance Get American Express Giftcards Coupons
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Joined Mar 2005
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JL5
11-05-2023 at 04:04 PM.
11-05-2023 at 04:04 PM.
Where are you getting a $500 valuation in your subject line??
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Joined Aug 2007
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ice935
11-05-2023 at 04:10 PM.
11-05-2023 at 04:10 PM.
Quote from JL5 :
Where are you getting a $500 valuation in your subject line??
You get 50k points which is equivalent. This is actually a pretty good deal considering no fees. Just signed up for it. Also Amex has a nice tracker on the right hand side for everything showing you exactly when you meet the requirements.
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thepg12
11-05-2023 at 04:14 PM.
11-05-2023 at 04:14 PM.
Has been 60k in the past, 30k the past month or so. Unfortunately I don't think you can take advantage of this if you have a personal checking account with them which a lot of people signed up for for the $250 deposit bonus
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JL5
11-05-2023 at 04:16 PM.
11-05-2023 at 04:16 PM.
Quote from ice935 :
You get 50k points which is equivalent. This is actually a pretty good deal considering no fees. Just signed up for it. Also Amex has a nice tracker on the right hand side for everything showing you exactly when you meet the requirements.
Ok, I guess some value MR points @ .01 cent apiece. Some even value them @ .02 cents apiece. If you follow the Points Guy, he finds a unicorn around every corner of the world for points and can find value of .02 cents each.

Personal experience, it's very hard to get more than .005 or .007 cents out of a MR point when redeemed for Travel benefits (ex. Flight, hotel, etc...)
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Last edited by JL5 November 5, 2023 at 04:24 PM.
Joined Mar 2005
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JL5
11-05-2023 at 04:26 PM.
11-05-2023 at 04:26 PM.
Quote from thepg12 :
Has been 60k in the past, 30k the past month or so. Unfortunately I don't think you can take advantage of this if you have a personal checking account with them which a lot of people signed up for for the $250 deposit bonus
Did you see any restrictive language that would make one not eligible to open a Business Checking Account if they opened a prior Personal Checking Account??

Usually, those are two very quite distinctive types of accounts and one should not affect the other. Again, usually from other bank bonus's and waiting periods.

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Joined Jul 2023
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OrangePickle8757
11-05-2023 at 04:36 PM.
11-05-2023 at 04:36 PM.
Quote from JL5 :
Where are you getting a $500 valuation in your subject line??

If you have amex business platinum credit card, you can redeem amex reward point into your business checking at 1pt= 0.01 cent.
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Joined May 2006
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namlook
11-05-2023 at 04:46 PM.
11-05-2023 at 04:46 PM.
What type of verification of a business does Amex require?
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Joined Nov 2010
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thepg12
11-05-2023 at 05:57 PM.
11-05-2023 at 05:57 PM.
Quote from JL5 :
Did you see any restrictive language that would make one not eligible to open a Business Checking Account if they opened a prior Personal Checking Account??

Usually, those are two very quite distinctive types of accounts and one should not affect the other. Again, usually from other bank bonus's and waiting periods.

I didn't see any language but read about it elsewhere. I don't think it's a hard pull to open business checking so probably no harm in trying to open an account even if you have a personal.

Edit: I tried signing up just for the hell of it, got declined. Didn't give me a specific reason but I assume because of the personal checking account I have with them.
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Last edited by thepg12 November 6, 2023 at 03:50 AM.
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MellowWinter7966
11-06-2023 at 06:50 AM.
11-06-2023 at 06:50 AM.
Quote from JL5 :
Did you see any restrictive language that would make one not eligible to open a Business Checking Account if they opened a prior Personal Checking Account??

Usually, those are two very quite distinctive types of accounts and one should not affect the other. Again, usually from other bank bonus's and waiting periods.
Yes,if you read the fine print under the apply now button it says not eligible for personal checking members
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deal15220
11-06-2023 at 07:00 AM.
11-06-2023 at 07:00 AM.
Applied and Rejected .. as I had personal checking account(closed) in the past. You can have only 1 account wiht them.. even its closed
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Joined Mar 2005
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JL5
11-06-2023 at 03:44 PM.
11-06-2023 at 03:44 PM.
Quote from deal15220 :
Applied and Rejected .. as I had personal checking account(closed) in the past. You can have only 1 account wiht them.. even its closed
Good Data Points for others
Quote from MellowWinter7966 :
Yes,if you read the fine print under the apply now button it says not eligible for personal checking members
Thanks for pointing that out. Good Info for others!




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Joined Jun 2006
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mcali786
11-07-2023 at 06:55 AM.
11-07-2023 at 06:55 AM.
I see the offer in OP so it open to everyone who is Amex member or invite only?
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FreedomDeals
11-07-2023 at 04:05 PM.
11-07-2023 at 04:05 PM.
do you need amex credit card to get this? or can I use the 50k points without it and can I just cash out to bank or something please help
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OrangePickle8757
11-08-2023 at 05:34 PM.
11-08-2023 at 05:34 PM.
Quote from FreedomDeals :
do you need amex credit card to get this? or can I use the 50k points without it and can I just cash out to bank or something please help

You do not need an amex credit card to apply for business banking. You only need ein or ssi if you are self-employed. Amex reward point redemption into business banking is only 1points=.75 cent. If you have business platinum, then 1 points=1 cents. Most people use amex reward points for travel because the redemption value is greater than 1point=1cents.
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