Sunday, June 6, 2010

A Great Business Amex Signup Bonus, And The End of Bing

American Express Business Gold Card
  • 50,000 Membership Rewards points after spending $10,000 by December 31st 2010.
  • First year is free, after that it's $125/yr.
  • Every year that you spend $50,000, you get 25,000 bonus points.
This is a great offer if you can do the spending.

Most people, I believe, will gain more from keeping a Starwood after the first year, as it is cheaper ($45/yr, compared to $125), and Starwood points are generally accepted to be worth more. If, however, you need to make really large purchases on the card, then you might want to use a charge card like this one and not a Starwood. With the charge card, which doesn't have a preset spending limit, you can build up your spending limit to a very high amount. With the Starwood, you would be more limited.
In addition, if you spend just over $50,000 a year, you will end up with 75,000 points, and if you would transfer those points to airline miles, you will end up with more than had you used the Starwood.

The End of Bing
Come July 31st, Bing will no longer be offering cashback for clicking through Bing.com. Bing has in the past offered some of the largest cashback around. They were at one time offering 35% at eBay, 25% at Macy's and 20% at Walmart, along with many more great offers. So, if you are planning some big shopping, you might want to check Bing t0 see what cashback they offer.

There still will be the regular cashback sites, MrRebates, eBates and Fatwallet to name a few. But Bing will most definitely be missed. For lots of stores, Bing by far had the highest cashback offers.

You can continue earning cashback until July 31st 2010. After July 31st you won't be able to earn cashback, but you still will be able t oredeem your cashback that you have in your account, and Bing will remove the $5 minimum to get your money, so everyone will be able to empty their Bing account.

Further Reading:
Best uses of American Express Membership Rewards points
Pay Less When You Shop Online: Get Cashback

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