NEW American Express RECORD High Offers AGAIN! & The Epic Return of Business Credit Cards | Summary and Q&A

TL;DR

American Express and Chase are offering lucrative welcome bonus points and statement credits on their credit cards, potentially due to the impact of the pandemic.

Key Insights

• 💳 The offers from American Express and Chase are unusually generous, likely due to the impact of the pandemic on credit card usage.
• 🙃 American Express is focused on increasing sign-ups to improve their balance sheets and recover from the past few months.
• ✋ Chase's objective with their high welcome bonuses may be to attract high-spending business owners rather than small business owners or side hustlers.
• 💳 Strategic credit card applications can help navigate the rules and restrictions imposed by credit card companies, such as the 524 rule.

Transcript

all right so just as we thought it couldn't get any better things somehow got better out of all my years in the points of miles game let me be clear these are some absolutely incredible offers and it seems like credit card companies are just throwing money to the people right now all right so to start the american express gold card is offering you ... Read More

Questions & Answers

Q: How can I maximize the benefits of the American Express Gold Card offer?

It is recommended to wait a few days to see if the offer transfers to the official American Express website, as you can then stack it with a referral link for additional benefits.

Q: Why are credit card companies offering such high welcome bonuses during the pandemic?

The pandemic has caused a decline in credit card usage, so companies like American Express are trying to attract more customers to recover financially.

Q: Are Chase's high welcome bonuses for business credit cards worth it?

The high bonuses are appealing to high-spending business owners, but it may not be viable for everyone. Consider the minimum spend requirement and ensure that you can meet it before applying.

Q: How can I get a business credit card without actually owning a business?

There are ways to apply for a business credit card without a traditional business, as explained in the creator's previous videos and Facebook group.

Summary & Key Takeaways

• American Express Gold Card is offering 60,000 welcome bonus points and statement credits on restaurant purchases within the first 12 months.

• American Express Platinum Card is offering 75,000 welcome bonus points, statement credits on restaurant purchases, and 10x points on grocery and gas purchases for the first six months.

• Chase is offering high welcome bonuses on their business credit cards, such as $750 cash back after spending $7,500 in the first three months.