You have definitely shown a lot of success in getting multiple different welcome bonus offers within a short time period which is awesome! Even with your move from personal Amex Cards, definitely makes sense for why you went for some of those high business offers. Definitely makes sense for the BBP being your anchor Card with that $0 Fee as well to hold onto all of those valuable MR points. Gotta love that 150K offer on the BIZ Plat as well, with no life-time language making it sweeter! Congrats on the 2 new cards Stan & great video as always!
Thanks so much Matt! Yeah, I think capturing planned spend with a welcome offer is definitely the best way to get value! Sometimes you have the opportunity to get a welcome offer at that time that works, and I think it's important to show that it's ok to go for it if it makes sense in your situation, even if it's not the highest one that's available. I'm just happy that I got my BBP again, but the 150k NLL was just a nice cherry on top on top of that decision. Appreciate your support bro!
What?! 75k offer for the BBP?! I haven’t seen that yet! Look at Stan with the HEALTHY CL on the BBP 🙌🏾. And wow, you got lucky with that Business Platinum offer! I wanna be like you when I grow up! 😂
Haha, thanks CJ! Yes, I wish I was able to get that 75k BBP, but it was not for me 😢. I know! I'm glad I found the business Platinum offer at the right time! Doesn't always happen like that. I appreciate it CJ! You now have a healthy limit on your BBP so that's something to be proud of! It only goes up from here!
Would love to see a video or two about your real estate side of things and how you use your credit cards with that. I recently completed a second house hack and have been wanting to see how other real estate investors strategize their credit card set up and sign ups
That would definitely be an interesting video idea Isaac! I'm not a big real estate investor or anything, but aside from welcome offers on business cards to fund all the big expenses, the cards that have higher multipliers are the BofA CCR and US Bank Cash Plus. The BofA CCR can get you up to 5.25% on home improvement stores, $2,500 per quarter, and the US Bank Cash+ gets 5% on furniture stores up to $2,000 per quarter. The caps are definitely limiting, but that's why welcome offers are super important!
Thanks so much Ninja! Absolutely! I needed the BBP card already, but when I was presented with the NLL Business Plat, just couldn't say no as that was what I was looking for in the first place!
Congrats on the SUBs! That Amex Application status tool is so useful (I definitely don't recall the language on my card sign up yearsss ago). Always wonder how you keep up with all that travel every month haha . Great video as always Stan!
Thanks Kevin! Yeah, I was surprised how much knowledge I could get from that tool. Definitely something to keep an eye on to know how you stand with your applications! I appreciate it brother 👍!
Great video Stan. You make an excellent argument for why you got these 2 cards. I have been thinking about the BBP as my first biz card to keep the Amex momentum Im on going. Great stuff as always Stan. I love your explantions as to why you are doing what your doing in every video. Keep up the great work sir,.
Thanks so much Jon! Yeah, the BBP is an excellent first business card to get. The only other card that I'd recommend would be the CIC or CIU. The BBP tends to be easier to get approved for but try to get it while there's some sort of welcome offer going! And yes, the explanations are what makes the application process more personable so I try to make that as clear as I can. Appreciate you bro!
I came across your channel through Reddit, and it’s really informative. I’m currently researching on getting a new credit card and you’ve been super helpful.
Thanks so much - I really appreciate it, and I'm glad I could help you out! Reddit has been very helpful so it's definitely a great place for information, but adding a visual element to that information makes it that much easier to learn and enjoy!
Amazing stuff man! Rake in those points! I took a screenshot of a 170k Business Plat offer I had in November when browsing the Business Card section (I was logged into my Amex account already). Couldn’t justify the spend so I didn’t get it, and I haven’t seen it since! I see the 150k every time though! In the summer I will have spend that will easily exceed the 15k in 3 months and I hope to jump on it then! Love your content. - Ivan
Thanks Ivan! That's so awesome you had a 170k offer! I wasn't able to draw the 190k offer that people have been recently talking about, but since my 150k was NLL, I'm still pretty happy with it. Hopefully when you get to this summer, there will be some good bonuses going on then!
I was approved for the Citi business AA world elite Mastercard as it was the only issuer allowing me to get the SUB and approval... haha Really wanted to get chase business unlimited or Amex Platinum but was denied and put in pop up jail.
Congrats on the card Lin 🎉! Oof, sorry to hear about the denials/pop-up jail. It's nice that there are options for these types of situations, but hopefully you'll be able to go back around and get those other cards at some point!
Congrats on the new cards and upcoming huge SUBs! Also great point to ideally have more than 1 Amex MR point earning card ... just the thought of losing points due to an unexpected account closure is frightening.
Thanks Monty! Yeah, that was exactly the mindset I had. Definitely don't want any surprises and lose all those MR points. Also, nice work with your credit card videos! Keep up the great work!
I just picked up an Amex Blue Business Plus approval, I have the Blue Business Cash as well. A flat 2x MR earner will be excellent as I spend often at Walmart on the Amex Gold at 1x ha. I recently let go of my Amex Green as my Amex Gold got all the spend and has better multipliers. The Amex Blue Business Plus is my 5th business card and final Amex card 8th one. I threw around the idea of an Amex Marriott Business card but felt the BBP was the better choice in the long run with no AF!
Nice! Congrats on the e new card!! 🎉 Yeah, the BBP is going to be a great long-term card! Also, a great anchor card for all your MR points if you decide to let go of the Gold at some point. And yeah, getting twice as many MR points at Walmart is definitely going to be awesome, especially from a no annual fee card pickup!
Great Video Stan! Solid card acquisitions. I had a 170k offer on the business platinum & 125k offer on the business gold, but decided to wait since i was still working on SUB spend for marriott business & BCP. But I definitely want the BBP & maybe the biz plat in the future.
Thanks Doc! Both very good offers on the Bus Plat/Gold in your situation, but yeah if you can't make the MSR, best to just wait it out for another day!
As a holder of the Blue Business Cash and now the Blue Business Plus they are excellent cards for the catch all situations where Amex is 1x elsewhere! I added the Blue Business Plus this evening will be nice to earn more than 1x at places not coded grocery ha. I was looking at the Marriott Business card but opted for the Business Plus instead, excellent to see your Amex relationship rebuilt so quick!
Pretty smart to change the URL! “First of all, I didn’t leave” 🤣 And interesting not seeing that NLL, I’ve seen the same on some Hilton Card links but didn’t go for it. And also Interesting on the “Accept This Offer”, I’ll have to look out for this in the future as well. And “Dummy code” 🤔 Love this video Stan! Those are some great MR points you’ll be getting soon.
Haha, yeah, I thought it was worth a go, but obviously didn't work 🤣. I wish all applications had Accept this Offer to make things easier, and yeah, the "Dummy code" is pretty helpful! Always great to be working on some high-yield MR points!
Hey Stan, would you consider a video sometime on one card setups, or maybe talking about this in a live? I plan on getting basically all the cards for the SUBs, but I still think it’d be a fun one to think about. USBAR, VX, the luxury bofa card you had back in the day, just to name a few. I’d be interested to hear your thoughts on how all these kinds of cards compare! Gratz on the new biz cards!
Absolutely AP! It's definitely going to depend on the person, but one card setups are definitely nice when you can find a card that fits your use case. Although I probably won't do a whole video on this, I'll feature this question in the next live that I do this month since I think it's a good topic to cover!
We're in a very similar position, except I lean towards Hilton. I will be cancelling both Gold cards, and keeping the Schwab Platinum + BBP + BBP. I may get the Business Platinum again if offered, or if Schwab discontinues.
Nice! Definitely don't mind the occasional Hilton myself. Definitely the same plan as me! Will only go for NLLs or any other elevated business offers that I can get!
Hey , good stuff! What do you think about putting personal expenses on the BBP? I know there aren’t DP saying Amex will care but what’s your opinion on it ?
Great video Stan, I’m currently working on my BBP SUB, I noticed in the past AMEX use to be pretty lax on what purchases you put in the card but I noticed certain purchases I’ve made on the card they are not counting towards the sign up bonus just the standard 2X points It seems like they aren’t counting some restaurants and certain retailers like Target and Walmart in my case
Thanks Dalton! Oh, that's interesting! Those certainly seem like expenses that should count towards the BBP welcome offer. The only thing I can think of is that maybe there were returns or credits that eliminated those charges? Unless maybe they were purchases for money orders or gift cards or something like that.
@@TheCreditFrog haven’t made any returns or any purchases like that, the only thing I could think of is usually I use Apple Pay instead of the physical card so maybe it codes differently to AMEX but I use the physical card for Walmart purchases and the same thing happens so I’m not really sure why This is my first business card so at first I thought maybe they only counted business purchases like from office supply stores similar to the credits on the AMEX gold but it counted other “non business” purchases towards the bonus
@@DaIton- Hmm, yeah, not sure either. I've definitely spend money on my Amex cards at Walmart and Target, and they certainly have counted for my welcome offers in the past! Thanks for sharing your experience!
I really liked the BCP for a long time! But once the Citi Custom Cash came out, I decided to downgrade the card since paying $95 for that card was no longer worth it to me.
I think it's very common! There's a maximum credit card limit, usually between 4 and 6 with Amex per person, but this doesn't include charge cards like the Platinum, Gold, and Green cards.
“Just when I thought I was out, they pull me back in (twice)”. With wedding stuff coming up, the $30k shouldn’t be too bad to clear! But what about the business platinum credits though? :) Any ideas on what you’ll redeem with the MR points?
Haha, yeah that's for sure! Amex knows exactly how to pull my strings, but if I get some MRs out of it, I'm not going to complain! Will definitely be using the $200 Dell credits x 3(used one for 2023, now just need to use 2 for 2024) and the $200 airline incidental x 2 (already used the $200 for 2023 so just have to get the $200 for 2024). 150k + $1000 credits for $695 isn't a bad trade! Not sure what the redemption will be, but it will likely be for more international first/business travel - probably in 2025!
So the 5/24 rule is just that we are only allowed to have 5 personal and 5 business right? Did not know we could cancel cards then reapply for them again in the future. Does that raise a red flag or is that normal ?
No, the 5/24 rule means that if you have 5 or more personal credit cards (or cards that show up on your personal credit cards) within the last 24 months, Chase will likely automatically deny you for a new credit card. You can certainly cancel cards and reapply for them in the future. Different issuers have different rules, but for Amex, you can't get another welcome offer, unless it's a business card, and you use a different business, or you're offered a no lifetime language offer.
Ohhh Shit. I never knew about the dummy code meaning no lifetime language. That’s what it says for my Business Platinum card. I gotta check this out. Thanks!
Hey Stan, I just called up Amex to confirm the offer terms on my Business Platinum and unfortunately, the SUB restriction appears to be there. Perhaps the “Dummy Code” just means that you applied via a targeted offer or referral? Not sure.
@@logicbk I'm not sure if Amex CS can tell if your offer is NLL or not. You'd have to go back to your original application and see. All they know is that you currently have a Business Platinum and that there's a general once-in-a-lifetime rule. All of my cards show up as the actual cards except my NLL offers, which are "Dummy codes." In this situation, you can use the pop-up to your advantage to see if your next business Platinum will come with the welcome offer!
Hi Stan, did you mention how you would get the welcome bonus on the BBP twice? You mentioned that this was your 2nd time with the card. Was it because you received a targeted offer?
Bonus on the Business Plus card is the 0% APR for 12 months. $15k in spend for 25k points though seems crazy! was it always that high? I didn't write down what mine was but can't imagine I would have gotten it with it being that high
When it comes down to it, the BBP offer I got wasn't really that good, but two things made me go for it. 1) there was some kind of welcome offer and I needed a BBP anyways, and 2) I had spend to meet the $15k MSR. I think the standard offer is 15k points for $3k spend which is way better for most people, but because of this unique situation I was in, I was ok with it (although I would have preferred the 75k offer for sure!). Luckily I eventually found a 150k NLL Business Platinum offer so that really made up for it!
Hi. My credit score was in the 790s I think when I applied for this card. I also have had my business for over 2 years so it was generating some net positive income as well.
It was a targeted offer. The standard offer right now (I think) is to get 15,000MR points with $3k spend. The offer I got was a little "better" but since I have a lot of spend to make, it works for my situation!
Another question, sorry 😂, you’re just filled with knowledge! If I don’t have an LLC and apply for the BBP, it will not report to my personal credit right? ONLY if I default correct ?
It depends. If they are Amex business cards, then no, there is no effect. If it's an Amex personal charge card, there's still no effect because it doesn't report a CL, and in good standing, the card stays on your credit report for 10 years. If it's an Amex personal credit card then, yes there may be a slight dip due to the loss of CL.
The financial review is a “your mileage may vary situation.” There have been many data points, including myself, who have more than $35k CL with Amex and have had no financial review!
Yeah, I unfortunately couldn't find that one. But tbh, I'm pretty happy with the 150k NLL. It just means I can go for Business Plat again at some point again! Pop-up jail is so unfortunate .. a mailer for just 70k on the gold is lame.
Just got approved for $10k as a sole proprietor thanks to your advice! I heard Amex gives CLI 3x your credit limit, when do you recommend asking for it ? And how should I ask for it lol just say I want 3x my limit? Thanks again! New sub!❤
Heyy! Congrats on the new card Johnny! 🎉. So for the 3X CLI, you should wait at minimum 61 days before asking. I also want to point out that 3X CLIs work best with a CL of $10k or lower. If you try to 3X a CL that’s higher than that, although it could end up ok, there’s always a risk that Amex may ask for a financial review so it’s best to be more conservative in those cases 0.5-2X CLI, depending on your starting CL. You can ask for a CLI online from the Amex website so you won’t have to talk to anyone!
@@TheCreditFrog See man, I’m glad I found your channel! You’re not vague with what you share/responses. You are a wealth of knowledge and look forward to learning more from you 🔥🔥 I’ll take all that into consideration! Thanks again!
Stan just curious, why keep the Morgan Stanley Personal Plat? Does the Biz Plat not have the same airport / travel benefits? Access to lounges etc. I really like the credits on the biz plat much better than the personal plat. They make much more sense to me.
I'm actually of the opposite mindset. I get way more out of the personal Platinum than I would with the Business Platinum. The only statement credit I can (kind of) get value from is the Dell credit. And the monthly phone credit too, I guess, but over the past year, I got a special deal with my cable company so I have free cell service for a year. I also do appreciate the 35% airline refund bonus, but I'm never really redeeming first/business flights through the Amex portal anyways. The personal Platinum just fits me better. Also the MS Platinum gets me a free AU, which is a $195 value!
Sure! Yeah, it's a balance between keeping your oldest cards open and balancing them with the new ones. Right now, my AAoA is at about 6 years, but I've had it as high as 8 years in the past year or so!
If I applied to a card with no lifetime language at first , does that mean I can apply for the same card WITH lifetime language and still be eligible for the bonus??
I'm not sure, but I'm under the impression that it's still ok, and here's why. Since the application system lists the NLL card as "Dummy Code," there isn't anything that indicates that you applied for that specfic card. I have yet to test this theory though! But you can definitely get an NLL card and then apply for the same NLL card with no issues.
@@TheCreditFrog Guess i’ll test it. Got a NLL offer for biz platinum for 200k MR, and it says dummy code on the application page. Want to try getting 150k MR with lifetime language that just popped up on incognito. :) Would hate to waste $15k spend on no bonus though.
Yeah, since I was sent this targeted offer, I decided that I would try to apply for the card to get the welcome offer instead of doing the downgrade, which wouldn't have come with any offer (probably). Business Gold has got to go though!
Is the business gold trash? Must only be good for the SUB. I found an offer online for 150k for 10k spend and was thinking about getting it before the annual fee increase coming up. Not so sure now.
@@SpartanOfFinance It's really only good for the welcome offer unless you can use the 4X categories. The 150k offer for $10k spend is beast, probably the best one out right now. If you can handle the $295 (soon to be $375 AF) for 1 year, I would say go for it. Would not keep it past year 1 though.
I would like some advice. I got a mailer from chase for both the ink preferred and unlimited. I also have the ability to get the mentioned 150k from Amex. I can do 6-8k in 3 months but 10k is a bit more challenging. I plan to use the cell phone protection from each card saving me 58 a month. With those parameters which card seems better? The gold would be a one year and cancel but the ink would be my business card for my LLC.
@@SpartanOfFinance I think those are all great options. Since they're all business cards, the choice is really up to you. 150k MRs for $10k spend is an all-time high offer as far as I know. I think it comes down to whether you want MR points or UR points. If you decide through that lens, I think you'll be happy with the card you choose!
So that's the traditional thinking, but like everything, it's context dependent. It's more of a thing if you're earlier on in your credit card journey. When you close a credit card, so long as you have good credit history, that positive credit history stays on your report for 10 additional years, so it won't have any affect in the immediate future. But the issue is that if you close a card with a high limit (or high limit compared to your total credit limit), you'll lose that card's limit, and your credit utilization may shoot up higher than anticipated, causing a temporary dip in your credit score. So, closing accounts could have an effect from the utilization standpoint depending on your situation. Both of these factors are irrelevant on Amex business cards though since they (should) not report to your personal credit report!
@@TheCreditFrog my credit score is between 810-825 or so. I have a store credit card like the Captial One Kohls Visa I want to close because it serves me no purpose anymore but I was hesitant due to the hit on your report I was anticipating. My oldest card is an Amex from 1991, 32 years ago. Do you think if I close it I am going to be hit hard? Also I just this week opened a chase freedom unlimited card. Should I wait a little to close the Kohls Visa? Also BofA is going to close a card (their doing not mine) due to inactivity for 2 years of non use. I just do not use it anymore. I am trying to figure out the right strategy here with my Kohls Visa and the BoA thats going to be closed by them on 1/16. What do you advise on both fronts?
You have definitely shown a lot of success in getting multiple different welcome bonus offers within a short time period which is awesome! Even with your move from personal Amex Cards, definitely makes sense for why you went for some of those high business offers. Definitely makes sense for the BBP being your anchor Card with that $0 Fee as well to hold onto all of those valuable MR points. Gotta love that 150K offer on the BIZ Plat as well, with no life-time language making it sweeter! Congrats on the 2 new cards Stan & great video as always!
Thanks so much Matt! Yeah, I think capturing planned spend with a welcome offer is definitely the best way to get value! Sometimes you have the opportunity to get a welcome offer at that time that works, and I think it's important to show that it's ok to go for it if it makes sense in your situation, even if it's not the highest one that's available. I'm just happy that I got my BBP again, but the 150k NLL was just a nice cherry on top on top of that decision. Appreciate your support bro!
Stan, the AMEX man!!!!!! Nice work. I'm currently looking for a 150K NLL offer!
Hahaa, thanks Uncle Luke!! I hope you get an NLL offer!! Those are great. Hopefully they don't go the way of the dinosaur.
What?! 75k offer for the BBP?! I haven’t seen that yet! Look at Stan with the HEALTHY CL on the BBP 🙌🏾. And wow, you got lucky with that Business Platinum offer! I wanna be like you when I grow up! 😂
Haha, thanks CJ! Yes, I wish I was able to get that 75k BBP, but it was not for me 😢. I know! I'm glad I found the business Platinum offer at the right time! Doesn't always happen like that. I appreciate it CJ! You now have a healthy limit on your BBP so that's something to be proud of! It only goes up from here!
Congrats on the CCs 🎉🎊🎈 That will be a nice haul of MR pts after you meet the minimum spend requirements. Thanks for the info + video!
For sure Jimmy James! Thank you so much!
Would love to see a video or two about your real estate side of things and how you use your credit cards with that. I recently completed a second house hack and have been wanting to see how other real estate investors strategize their credit card set up and sign ups
That would definitely be an interesting video idea Isaac! I'm not a big real estate investor or anything, but aside from welcome offers on business cards to fund all the big expenses, the cards that have higher multipliers are the BofA CCR and US Bank Cash Plus. The BofA CCR can get you up to 5.25% on home improvement stores, $2,500 per quarter, and the US Bank Cash+ gets 5% on furniture stores up to $2,000 per quarter. The caps are definitely limiting, but that's why welcome offers are super important!
Housing hack just means you have a hand in inflating rent prices for selfish reasons.
@@stinkinlincoln926 Depends on who you ask
Congrats on the approval Stan! Makes sense why you chose the BBP first and subsequently the offer on the Biz plat being your next
Thanks so much Ninja! Absolutely! I needed the BBP card already, but when I was presented with the NLL Business Plat, just couldn't say no as that was what I was looking for in the first place!
Congrats on the SUBs! That Amex Application status tool is so useful (I definitely don't recall the language on my card sign up yearsss ago). Always wonder how you keep up with all that travel every month haha . Great video as always Stan!
Thanks Kevin! Yeah, I was surprised how much knowledge I could get from that tool. Definitely something to keep an eye on to know how you stand with your applications! I appreciate it brother 👍!
Great video Stan. You make an excellent argument for why you got these 2 cards. I have been thinking about the BBP as my first biz card to keep the Amex momentum Im on going. Great stuff as always Stan. I love your explantions as to why you are doing what your doing in every video. Keep up the great work sir,.
Thanks so much Jon! Yeah, the BBP is an excellent first business card to get. The only other card that I'd recommend would be the CIC or CIU. The BBP tends to be easier to get approved for but try to get it while there's some sort of welcome offer going! And yes, the explanations are what makes the application process more personable so I try to make that as clear as I can. Appreciate you bro!
Dang this is an epic setup. BBP as a no annual fee MR point bank is a good idea if you cancel the other ones
For sure Jake! Need that BBP as that MR point anchor card.
I came across your channel through Reddit, and it’s really informative. I’m currently researching on getting a new credit card and you’ve been super helpful.
Thanks so much - I really appreciate it, and I'm glad I could help you out! Reddit has been very helpful so it's definitely a great place for information, but adding a visual element to that information makes it that much easier to learn and enjoy!
Amazing stuff man! Rake in those points!
I took a screenshot of a 170k Business Plat offer I had in November when browsing the Business Card section (I was logged into my Amex account already). Couldn’t justify the spend so I didn’t get it, and I haven’t seen it since! I see the 150k every time though!
In the summer I will have spend that will easily exceed the 15k in 3 months and I hope to jump on it then!
Love your content.
- Ivan
Thanks Ivan! That's so awesome you had a 170k offer! I wasn't able to draw the 190k offer that people have been recently talking about, but since my 150k was NLL, I'm still pretty happy with it. Hopefully when you get to this summer, there will be some good bonuses going on then!
I was approved for the Citi business AA world elite Mastercard as it was the only issuer allowing me to get the SUB and approval... haha
Really wanted to get chase business unlimited or Amex Platinum but was denied and put in pop up jail.
Congrats on the card Lin 🎉! Oof, sorry to hear about the denials/pop-up jail. It's nice that there are options for these types of situations, but hopefully you'll be able to go back around and get those other cards at some point!
Congrats on the new cards and upcoming huge SUBs! Also great point to ideally have more than 1 Amex MR point earning card ... just the thought of losing points due to an unexpected account closure is frightening.
Thanks Monty! Yeah, that was exactly the mindset I had. Definitely don't want any surprises and lose all those MR points. Also, nice work with your credit card videos! Keep up the great work!
@@TheCreditFrog Thanks Stan. Let's keep the good credit card content coming!
I just wanted say thank you for the channel, I have learned allot and have applied it in my credit journey. Thanks again, Happy New Year!!
No problem Joel! I’m glad my videos could help you out! Your comment made my day. Happy new year as well!
Oh! Great move Stan! Congratulations 🎉🎉🎉
Thanks! Appreciate it!! 🥳
Congrat Stan🎉🎉 I knew you'd be back hahaha. Cant pass up those Subs
Haha, thanks Sledge!! I can't say no to a good offer! I probably need to join a group or something hah!
I just picked up an Amex Blue Business Plus approval, I have the Blue Business Cash as well. A flat 2x MR earner will be excellent as I spend often at Walmart on the Amex Gold at 1x ha. I recently let go of my Amex Green as my Amex Gold got all the spend and has better multipliers. The Amex Blue Business Plus is my 5th business card and final Amex card 8th one. I threw around the idea of an Amex Marriott Business card but felt the BBP was the better choice in the long run with no AF!
Nice! Congrats on the e new card!! 🎉 Yeah, the BBP is going to be a great long-term card! Also, a great anchor card for all your MR points if you decide to let go of the Gold at some point. And yeah, getting twice as many MR points at Walmart is definitely going to be awesome, especially from a no annual fee card pickup!
Happy News Years, Stan! 🎉
Thanks Bryan! You too! 🎊
Great Video Stan!
Solid card acquisitions.
I had a 170k offer on the business platinum & 125k offer on the business gold, but decided to wait since i was still working on SUB spend for marriott business & BCP.
But I definitely want the BBP & maybe the biz plat in the future.
Thanks Doc! Both very good offers on the Bus Plat/Gold in your situation, but yeah if you can't make the MSR, best to just wait it out for another day!
As a holder of the Blue Business Cash and now the Blue Business Plus they are excellent cards for the catch all situations where Amex is 1x elsewhere! I added the Blue Business Plus this evening will be nice to earn more than 1x at places not coded grocery ha. I was looking at the Marriott Business card but opted for the Business Plus instead, excellent to see your Amex relationship rebuilt so quick!
Pretty smart to change the URL!
“First of all, I didn’t leave” 🤣
And interesting not seeing that NLL, I’ve seen the same on some Hilton Card links but didn’t go for it.
And also Interesting on the “Accept This Offer”, I’ll have to look out for this in the future as well. And “Dummy code” 🤔
Love this video Stan! Those are some great MR points you’ll be getting soon.
Haha, yeah, I thought it was worth a go, but obviously didn't work 🤣. I wish all applications had Accept this Offer to make things easier, and yeah, the "Dummy code" is pretty helpful! Always great to be working on some high-yield MR points!
Hey Stan, would you consider a video sometime on one card setups, or maybe talking about this in a live? I plan on getting basically all the cards for the SUBs, but I still think it’d be a fun one to think about. USBAR, VX, the luxury bofa card you had back in the day, just to name a few. I’d be interested to hear your thoughts on how all these kinds of cards compare! Gratz on the new biz cards!
Absolutely AP! It's definitely going to depend on the person, but one card setups are definitely nice when you can find a card that fits your use case. Although I probably won't do a whole video on this, I'll feature this question in the next live that I do this month since I think it's a good topic to cover!
@@TheCreditFrog thank you!!!!
What do you think of adding a sibling for the employee card to go to and use it yourself to why the additional 5k points?
Certainly possible!
When I grow up I wanna be like you Stan😃 This was brilliant strategy man👍🏾👍🏾
Thanks Nkosi! Nah, man, I know you got some good strategies as well 😃. You're just as pro, if not more!
@@TheCreditFrog 😊
Happy new year Stan! 🎉
Happy new year Chris! 🎊
Don’t mind me…I’m just casually arriving first to the party… 👀
Haha, welcome CJ! Welcome to the party!
That no lifetime language is amazing and are the perfect cards to apply for. Hopefully I can find one of those soon haha
For sure Jacob! Love me some NLL offers. They don't come around very often, but when they do, I like to pounce on them. Hope you can find one man!
We're in a very similar position, except I lean towards Hilton. I will be cancelling both Gold cards, and keeping the Schwab Platinum + BBP + BBP. I may get the Business Platinum again if offered, or if Schwab discontinues.
Nice! Definitely don't mind the occasional Hilton myself. Definitely the same plan as me! Will only go for NLLs or any other elevated business offers that I can get!
Hey , good stuff! What do you think about putting personal expenses on the BBP? I know there aren’t DP saying Amex will care but what’s your opinion on it ?
It's up to you to determine what are personal expenses and what are business expenses!
Great video Stan, I’m currently working on my BBP SUB, I noticed in the past AMEX use to be pretty lax on what purchases you put in the card but I noticed certain purchases I’ve made on the card they are not counting towards the sign up bonus just the standard 2X points
It seems like they aren’t counting some restaurants and certain retailers like Target and Walmart in my case
Thanks Dalton! Oh, that's interesting! Those certainly seem like expenses that should count towards the BBP welcome offer. The only thing I can think of is that maybe there were returns or credits that eliminated those charges? Unless maybe they were purchases for money orders or gift cards or something like that.
@@TheCreditFrog haven’t made any returns or any purchases like that, the only thing I could think of is usually I use Apple Pay instead of the physical card so maybe it codes differently to AMEX but I use the physical card for Walmart purchases and the same thing happens so I’m not really sure why
This is my first business card so at first I thought maybe they only counted business purchases like from office supply stores similar to the credits on the AMEX gold but it counted other “non business” purchases towards the bonus
@@DaIton- Hmm, yeah, not sure either. I've definitely spend money on my Amex cards at Walmart and Target, and they certainly have counted for my welcome offers in the past! Thanks for sharing your experience!
@@TheCreditFrog Sure thing, can’t wait for another year of great videos
Do you like the blue cash preferred too? I seee you have the bcash everyday
I really liked the BCP for a long time! But once the Citi Custom Cash came out, I decided to downgrade the card since paying $95 for that card was no longer worth it to me.
Is it common to have more than 5 cards from Amex? I have 4 personal and 2 business.
I think it's very common! There's a maximum credit card limit, usually between 4 and 6 with Amex per person, but this doesn't include charge cards like the Platinum, Gold, and Green cards.
Congrats and Happy New Year!
Thanks Vincent! Happy new year to you as well! 🎊
“Just when I thought I was out, they pull me back in (twice)”.
With wedding stuff coming up, the $30k shouldn’t be too bad to clear! But what about the business platinum credits though? :)
Any ideas on what you’ll redeem with the MR points?
Haha, yeah that's for sure! Amex knows exactly how to pull my strings, but if I get some MRs out of it, I'm not going to complain! Will definitely be using the $200 Dell credits x 3(used one for 2023, now just need to use 2 for 2024) and the $200 airline incidental x 2 (already used the $200 for 2023 so just have to get the $200 for 2024). 150k + $1000 credits for $695 isn't a bad trade!
Not sure what the redemption will be, but it will likely be for more international first/business travel - probably in 2025!
So the 5/24 rule is just that we are only allowed to have 5 personal and 5 business right?
Did not know we could cancel cards then reapply for them again in the future. Does that raise a red flag or is that normal ?
No, the 5/24 rule means that if you have 5 or more personal credit cards (or cards that show up on your personal credit cards) within the last 24 months, Chase will likely automatically deny you for a new credit card.
You can certainly cancel cards and reapply for them in the future. Different issuers have different rules, but for Amex, you can't get another welcome offer, unless it's a business card, and you use a different business, or you're offered a no lifetime language offer.
@@TheCreditFrog thank you for answering! Love the content! 🔥
Churning Business cards is awesome.
Gotta capture that elevated spend 👍
I got the 50k MR. For 15k spending last year
Nice! Great offer!!
Ohhh Shit. I never knew about the dummy code meaning no lifetime language. That’s what it says for my Business Platinum card. I gotta check this out. Thanks!
For sure man! Gotta use all the info to your advantage 👍!
Hey Stan, I just called up Amex to confirm the offer terms on my Business Platinum and unfortunately, the SUB restriction appears to be there. Perhaps the “Dummy Code” just means that you applied via a targeted offer or referral? Not sure.
@@logicbk I'm not sure if Amex CS can tell if your offer is NLL or not. You'd have to go back to your original application and see. All they know is that you currently have a Business Platinum and that there's a general once-in-a-lifetime rule. All of my cards show up as the actual cards except my NLL offers, which are "Dummy codes." In this situation, you can use the pop-up to your advantage to see if your next business Platinum will come with the welcome offer!
Hi Stan, did you mention how you would get the welcome bonus on the BBP twice? You mentioned that this was your 2nd time with the card. Was it because you received a targeted offer?
oh, never mind. I watched further and it is because of your second LLC.
Yeah, using sole prop vs. EIN 1 vs. EIN 2 is the way to get multiple business cards!
$15,000 spend for 30,000 MR points sound yikes for the BBP!
It wasn't even 30k, it was 25k 😥 lol! Wish I could have gotten the 75k offer, but that's all I could roll.
Bonus on the Business Plus card is the 0% APR for 12 months. $15k in spend for 25k points though seems crazy! was it always that high? I didn't write down what mine was but can't imagine I would have gotten it with it being that high
When it comes down to it, the BBP offer I got wasn't really that good, but two things made me go for it. 1) there was some kind of welcome offer and I needed a BBP anyways, and 2) I had spend to meet the $15k MSR. I think the standard offer is 15k points for $3k spend which is way better for most people, but because of this unique situation I was in, I was ok with it (although I would have preferred the 75k offer for sure!). Luckily I eventually found a 150k NLL Business Platinum offer so that really made up for it!
Hello. How much personal credit you had when applying for the blue business card? How much you had in business with your LLC ?
Hi. My credit score was in the 790s I think when I applied for this card. I also have had my business for over 2 years so it was generating some net positive income as well.
Congratulations on the approvals! Forget about credit fatigue and keep getting those bonuses! Keep up the great work brother!🫵
Thank you César! Gotta keep getting those welcome offers when it makes sense. The statement credits are the price of admission!
I'm confused because I don't see a $15,000 spend requirement for the Amex BBP credit card. That's high for this card.
It was a targeted offer. The standard offer right now (I think) is to get 15,000MR points with $3k spend. The offer I got was a little "better" but since I have a lot of spend to make, it works for my situation!
Another question, sorry 😂, you’re just filled with knowledge!
If I don’t have an LLC and apply for the BBP, it will not report to my personal credit right? ONLY if I default correct ?
Yes! That is what is expected. You can apply for the BBP using your SSN or EIN as a sole prop and it should still not report to your personal credit!
When you cancel cards like that doesn’t your credit score take a hit?
It depends. If they are Amex business cards, then no, there is no effect. If it's an Amex personal charge card, there's still no effect because it doesn't report a CL, and in good standing, the card stays on your credit report for 10 years. If it's an Amex personal credit card then, yes there may be a slight dip due to the loss of CL.
Hi one card with that high limit. Surely with all the Amex you have received, you have passed the 35k threshold. Are you not scared of audit?
The financial review is a “your mileage may vary situation.” There have been many data points, including myself, who have more than $35k CL with Amex and have had no financial review!
Funny you didnt see the 190k plat offer for 15k?, i tried 150k gold but in pop up jail, weird because i got gold mailer for 70k...smh
Yeah, I unfortunately couldn't find that one. But tbh, I'm pretty happy with the 150k NLL. It just means I can go for Business Plat again at some point again! Pop-up jail is so unfortunate .. a mailer for just 70k on the gold is lame.
Just got approved for $10k as a sole proprietor thanks to your advice!
I heard Amex gives CLI 3x your credit limit, when do you recommend asking for it ? And how should I ask for it lol just say I want 3x my limit?
Thanks again! New sub!❤
Heyy! Congrats on the new card Johnny! 🎉. So for the 3X CLI, you should wait at minimum 61 days before asking. I also want to point out that 3X CLIs work best with a CL of $10k or lower. If you try to 3X a CL that’s higher than that, although it could end up ok, there’s always a risk that Amex may ask for a financial review so it’s best to be more conservative in those cases 0.5-2X CLI, depending on your starting CL.
You can ask for a CLI online from the Amex website so you won’t have to talk to anyone!
@@TheCreditFrog See man, I’m glad I found your channel! You’re not vague with what you share/responses. You are a wealth of knowledge and look forward to learning more from you 🔥🔥
I’ll take all that into consideration! Thanks again!
Bro frog for real. 🐸
🐸💯
Stan just curious, why keep the Morgan Stanley Personal Plat? Does the Biz Plat not have the same airport / travel benefits? Access to lounges etc. I really like the credits on the biz plat much better than the personal plat. They make much more sense to me.
I'm actually of the opposite mindset. I get way more out of the personal Platinum than I would with the Business Platinum. The only statement credit I can (kind of) get value from is the Dell credit. And the monthly phone credit too, I guess, but over the past year, I got a special deal with my cable company so I have free cell service for a year. I also do appreciate the 35% airline refund bonus, but I'm never really redeeming first/business flights through the Amex portal anyways. The personal Platinum just fits me better. Also the MS Platinum gets me a free AU, which is a $195 value!
@@TheCreditFrog That's sweet regarding the free AU, I didn't know that :)
What HYSA do you use?
Ally bank is one of my favorites!
Awesome video, super informative! Question - could the Blue Cash Everyday card not act as your "no annual fee anchor card" for your MR pts?
Thanks! No, sadly it won’t because it’s a cash back card. You’d need an MR point earning card like the no annual fee Amex Everyday card.
Did you find the 190k offer? I’m working on that now.
I didn’t 😞. But I’m still happy with the 150k NLL offer! 😀
What income did you put?
My total household income
Noooooooooo dont drop the personal GOLD. 4x take out/delivery- groceries,
US Bank AR is a better fit for me! And no monthly statement credits!
Yeaaaaah buddy . 🎉
🎊 x 2
Stan, are you comfortable with telling your average age of credit? I'm really curious about all you multiple credit card people's average aoc 😂.
Sure! Yeah, it's a balance between keeping your oldest cards open and balancing them with the new ones. Right now, my AAoA is at about 6 years, but I've had it as high as 8 years in the past year or so!
If I applied to a card with no lifetime language at first , does that mean I can apply for the same card WITH lifetime language and still be eligible for the bonus??
I'm not sure, but I'm under the impression that it's still ok, and here's why. Since the application system lists the NLL card as "Dummy Code," there isn't anything that indicates that you applied for that specfic card. I have yet to test this theory though!
But you can definitely get an NLL card and then apply for the same NLL card with no issues.
@@TheCreditFrog Guess i’ll test it. Got a NLL offer for biz platinum for 200k MR, and it says dummy code on the application page. Want to try getting 150k MR with lifetime language that just popped up on incognito. :) Would hate to waste $15k spend on no bonus though.
Never-mind no way I just got 190k from incognito. I love amex sometimes. :)
Haha, there's always a bigger bonus! If you can grab the 190k, that would be so epic 😎
I see you didnt downgrade your business gold to the blue business plus like you were planning to.
Yeah, since I was sent this targeted offer, I decided that I would try to apply for the card to get the welcome offer instead of doing the downgrade, which wouldn't have come with any offer (probably). Business Gold has got to go though!
Is the business gold trash? Must only be good for the SUB. I found an offer online for 150k for 10k spend and was thinking about getting it before the annual fee increase coming up. Not so sure now.
@@SpartanOfFinance It's really only good for the welcome offer unless you can use the 4X categories. The 150k offer for $10k spend is beast, probably the best one out right now. If you can handle the $295 (soon to be $375 AF) for 1 year, I would say go for it. Would not keep it past year 1 though.
I would like some advice. I got a mailer from chase for both the ink preferred and unlimited. I also have the ability to get the mentioned 150k from Amex. I can do 6-8k in 3 months but 10k is a bit more challenging. I plan to use the cell phone protection from each card saving me 58 a month. With those parameters which card seems better? The gold would be a one year and cancel but the ink would be my business card for my LLC.
@@SpartanOfFinance I think those are all great options. Since they're all business cards, the choice is really up to you. 150k MRs for $10k spend is an all-time high offer as far as I know. I think it comes down to whether you want MR points or UR points. If you decide through that lens, I think you'll be happy with the card you choose!
isn't it bad for your credit report to cancel cards Stan? If you cancel/close your accounts it has bigtime hits on your credit report I thought?
So that's the traditional thinking, but like everything, it's context dependent. It's more of a thing if you're earlier on in your credit card journey. When you close a credit card, so long as you have good credit history, that positive credit history stays on your report for 10 additional years, so it won't have any affect in the immediate future.
But the issue is that if you close a card with a high limit (or high limit compared to your total credit limit), you'll lose that card's limit, and your credit utilization may shoot up higher than anticipated, causing a temporary dip in your credit score. So, closing accounts could have an effect from the utilization standpoint depending on your situation.
Both of these factors are irrelevant on Amex business cards though since they (should) not report to your personal credit report!
@@TheCreditFrog my credit score is between 810-825 or so. I have a store credit card like the Captial One Kohls Visa I want to close because it serves me no purpose anymore but I was hesitant due to the hit on your report I was anticipating. My oldest card is an Amex from 1991, 32 years ago. Do you think if I close it I am going to be hit hard? Also I just this week opened a chase freedom unlimited card. Should I wait a little to close the Kohls Visa? Also BofA is going to close a card (their doing not mine) due to inactivity for 2 years of non use. I just do not use it anymore. I am trying to figure out the right strategy here with my Kohls Visa and the BoA thats going to be closed by them on 1/16. What do you advise on both fronts?
wow 75k MR points, youre lucky, im only getting 15k SUB
Yeah, I wish I got the 75k offer! But I’ll take 25k I guess. 15k isn’t bad, it’s better than 0, which is the usual welcome offer with the BBP
Heyyyy!
Heyyyoooo!!
first!
Congrats Frugal Dad Finance! You are first today! 🥇
Next video: Stans.dumping Marriott and going all in on Hilton. 😉
Haha, don't know if that'll ever happen, but that's fun to think about 🤣! Wait a week though, I will say you have excellent foreshadowing skills!