Barclays has come out with a couple of huge welcome offers on the JetBlue Plus and JetBlue Business credit cards, offering up to 100,000 bonus points on both cards when meeting the minimum spend requirements. Even better is that you have a full year to meet the relatively easy spend requirement.
Are You Eligible For The JetBlue Business Card?
|Applying for Business Credit Cards
Yes, you have a business: In order to sign up for a business credit card, you must have a business. That said, it's common for people to have businesses without realizing it. If you sell items at a yard sale, or on eBay, for example, then you have a business. Similar examples include: consulting, writing (e.g. blog authorship, planning your first novel, etc.), handyman services, owning rental property, renting on airbnb, driving for Uber or Lyft, etc. In any of these cases, your business is considered a Sole Proprietorship unless you form a corporation of some sort.
When you apply for a business credit card as a sole proprietor, you can use your own name as your business name, use your own address and phone as the business' address and phone, and your social security number as the business' Tax ID / EIN. Alternatively, you can get a proper Tax ID / EIN from the IRS for free, in about a minute, through this website.
Is it OK to use business cards for personal expenses? Anecdotally, almost everyone I know uses business cards for personal expenses. That said, the terms in most business card applications state that you should use the card only for business use. Also, some consumer credit card protections do not apply to business cards. My advice: don't use the card for personal expenses if you're not comfortable doing so.
This is the first time we’ve ever seen 100,000 bonus point welcome offers on either of these cards, so it’s a fantastic opportunity to pick up a
boatload planeload of TrueBlue points.
In fact, the offers are so good that in terms of the first year value you can expect to get from these cards, they currently take up two of the top three spots on our Best Credit Card Signup Offers page. The JetBlue Plus card has the highest value of all personal cards, while only the 100,000 point offer on the Chase Ink Business Preferred card has a higher first year value on any cards.
These bonuses actually come in two parts on both cards. You’ll earn 50,000 bonus points when spending $1,000 in the first 90 days and an additional 50,000 bonus points after a total of $6,000 of spend in the first 12 months. While a $6,000 spend requirement in the past would’ve been prohibitive for some people as it usually would’ve had to have been completed in three months, having an entire year to complete that spend requirement makes it far more achievable as that’s only $500 per month. One variable load Visa gift card per month and voilà – you’re done.
What’s particularly nice is that you should be able to do some (or all) of the minimum spend requirement in bonused spend categories, even if you’re not planning on taking any paid JetBlue flights. The JetBlue Plus card offers 2x TrueBlue points per dollar at grocery stores and restaurants, while the JetBlue Business card offers 2x at office supply stores and restaurants. While 2x TrueBlue points at office supply stores isn’t – on the face of it – as good as 5x Ultimate Rewards from an Ink Plus or Ink Cash card, you’re effectively earning 16.67x bonus TrueBlue points per dollar on that spend based on the welcome offer. In nearly every case 18.67x TrueBlue points will be worth more than 5x Ultimate Rewards so that’s a great option, although with the constant stream of Visa and Mastercard gift card deals from Staples and Offce Depot/OfficeMax, it can be both/and rather than either/or if you have the time and inclination to liquidate all those cards and have both a JetBlue Business and 5x-earning Ink card.
Remember that similar to Southwest’s Rapid Rewards program, the value of JetBlue TrueBlue points is tied to the cost of a cash ticket. You should get ~1.3cpp of value, so 100,000 bonus points on top of the points you’ll earn while meeting the spend requirements means you’ll end up with enough points for $1,375+ of tickets on JetBlue. If you’re confident that JetBlue will make it through these trying times (© every ad on TV) relatively unscathed, that’s a huge amount of value. JetBlue allegedly secured slots at Heathrow recently, so the prospect of using those points for travel to Europe makes these offers even more intriguing.
Update: Chad reminded me in the comments below that these cards also offer a 10% points rebate, so redeeming 106,000 points would get you an additional 10,600 points back which are worth ~$137.80.
If you’re considering putting a lot of spend on these cards, you can also earn Mosaic status with $50,000 of spend in a calendar year.