How American Express is CRUSHING The Game (Amex Offers Update, Limited Time Bonus, Chase Flex)

TL;DR

American Express has unveiled new offers and increased welcome bonuses on their cards, providing extra value to customers. Chase's Freedom Flex card also remains a great option. Approval rates for business credit cards are gradually increasing.

Transcript

boom all right guys so american express continues to fire shots and they're doing one hell of a good job with it now just a few months ago in the middle of the lockdown we know that credit card stuff was at an all-time low take this article as an example in the month of may banks mailed roughly 74 million credit card offers to people's homes down f... Read More

Key Insights

• 💦 American Express is working to provide extra value to their customers through new offers and increased welcome bonuses.
• 🤑 The offers tab on American Express accounts can provide unique and targeted discounts, allowing customers to save money on various purchases.
• 😥 The American Express Gold Card and Platinum Card have increased their welcome bonuses, giving customers the opportunity to earn more Membership Rewards points.
• 🔰 The Blue Cash Everyday Card is a beginner-friendly option with a solid cash back bonus and a 15-month 0% APR period.
• 💪 Chase's Freedom Flex card continues to be a popular choice, offering a strong welcome bonus and attractive cash back rewards.
• 👨‍💼 Approval rates for business credit cards are gradually improving, offering hope for entrepreneurs and small business owners.
• 💳 It is important to stay updated on credit card offers and promotions, as they can provide valuable opportunities to save money and maximize rewards.

Questions & Answers

Q: How did the pandemic affect credit card offers?

Credit card offers decreased significantly during the pandemic, with American Express mailing only 74 million offers in May 2020 compared to over 300 million offers in the months prior.

Q: What extra value is American Express providing to customers?

American Express is offering new targeted offers through their Amex Offers program, allowing customers to save money and earn points by engaging with participating merchants and restaurants.

Q: How have the welcome bonuses on American Express cards been increased?

The American Express Gold Card now offers a welcome bonus of 60,000 MR points for a $4,000 spend within six months, while the Platinum Card offers 75,000 MR points for a $5,000 spend within three months.

Q: Is the Blue Cash Everyday Card a good option for beginners?

Yes, the Blue Cash Everyday Card, with no annual fee, offers a $200 cash back bonus for a $1,000 spend within three months. It can be a great choice for those starting out with credit cards.

Q: Are there any updates on Chase credit cards?

The Chase Freedom Flex card remains a great option, with its ongoing promotions, including a solid welcome bonus and 5% cash back on grocery store purchases.

Q: What is the current situation for business credit card approvals?

Approval rates for business credit cards are gradually increasing. While the exact numbers are not provided, it is estimated to be around 50-70% of pre-pandemic rates. Having proper documentation and information is crucial for a successful application.

Summary & Key Takeaways

• American Express experienced a significant decrease in credit card offers during the pandemic, but now they are providing extra value to consumers through new offers and increased welcome bonuses.

• The American Express Gold Card has a new offer of 60,000 Membership Rewards (MR) points for a $4,000 spend within six months, and the Platinum Card offers 75,000 MR points for a $5,000 spend within three months.

• The Blue Cash Everyday Card, a beginner-friendly option with no annual fee, offers a $200 cash back bonus for a $1,000 spend within three months. Business credit card approval rates are gradually increasing.