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Amex is out with a great targeted offer for select business cardholders: Spend $500, Get $25, up to 10 times. I found this offer on every Blue Business Plus card in my household (including authorized users), but not on any other cards. This amounts to 5% back on $500 transactions in addition to points earned anyway! This offer is limited to those who were cardmembers as of November 1st 2020.
Readers report finding this offer on the Blue Business Plus, Platinum Business, and Simply Cash Business Cards. Please let us know in the comments if you find this offer on other cards.
The Deal
Spend $500 or more, get $25 back. Up to 10 times (total of $250).
Get a $25 statement credit by using your enrolled Card to spend a minimum of $500+ in a single eligible transaction. Must spend by 6/30/2021. Limit of 10 statement credits (total of $250). See terms.
Offer Terms
Must first add offer to Card and then use the same Card to redeem. Offer to enroll is only available to eligible U.S.- issued American Express® Cards who are Basic Card Members or Additional Card Members prior to November 1, 2020. Limit 1 enrolled Card per Card Member across all American Express offer channels. Your enrollment of an eligible American Express Card for this offer extends only to that Card. Basic Card Members and Additional Card Members must separately enroll an eligible Card. Offer valid for eligible purchases made at any merchant that accepts American Express in the U.S. An “eligible purchase” means a purchase of at least $500 made with your enrolled Business Card by 6/30/2021. Each time you make a single eligible transaction totaling at least $500, you will receive $25 back via statement credit. Limit of 10 statement credits (total of $250) back per Card Member. Cash advances, other fees and charges such as interest, annual fees and foreign currency conversion fees are not eligible transactions and do not qualify for this offer. Offer is non-transferable. The enrolled Card account must not be cancelled or past due to receive statement credit. Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied. Statement credit will appear on your billing statement within 90 days after 6/30/2021, provided that American Express receives information from the merchant about your qualifying purchase. Note that American Express may not receive information about your qualifying purchase from merchant until all items from your qualifying purchase have been provided/shipped by merchant. Statement credit may be reversed if qualifying purchase is returned/cancelled. If American Express does not receive information that identifies your transaction as qualifying for the offer, you will not receive the statement credit. For example, your transaction will not qualify if it is not made directly with the merchant. In addition, in most cases, you may not receive the statement credit if your transaction is made with an electronic wallet or through a third party or if the merchant uses a mobile or wireless card reader to process it. Amex Offers are dynamic and personalized, so the offers you see may change. For questions regarding your Card Account, please call the number on the back of your Card. By adding an offer to a Card, you agree that American Express may send you communications about the offer. POID: K1J5:0006
My Take
The Blue Business Plus card already offers fantastic value for otherwise un-bonused spend since it earns 2X everywhere, up to $50K spend per year (then 1X). With this offer, purchases of $500 or more will be all that much more rewarding. I highly recommend against buying $500 gift cards, though. Amex will likely claw back points and rebates if you do.