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Two New Cards – 130K Points – More Amex Offers
Last week several sites including Miles to Memories broke the news of a 75K offer on the Amex Business Rewards Gold and a 100K offer on the Amex Platinum card. Many of you were able to replicate the offer online until it was eventually pulled. I know even as recently as yesterday some people were able to get approved for the offer via the phone with the code: BUIU:0001.
I initially went back and forth before deciding to pull the trigger on the Amex Platinum card. My main hesitation was that I picked up the Business Platinum card about 3 months ago during a 150K offer. I will essentially only have a 3 month period after my Business Platinum comes due where I really would need the benefits of the personal Platinum card.
Still, 100K bonuses don’t come around everyday and while American Express currently limits the bonus on personal cards to once per lifetime, that honestly could change at some point. Also, after the $200 airfare credits (which I use) each calendar year, my actual cost is only $50.
During my last couple of application rounds and during my wife’s most recent, I have adopted the strategy of picking up two Amex cards at once. The main reason to do this is because Amex tends to merge inquiries, but in this case I had another reason. Right now the SPG card has a 30K bonus which was already on my radar. Since I was planning to apply for it in a couple of weeks, I decided to move my application up.
In addition to the Platinum card, I decided on the SPG personal over the SPG business. I debated whether or not I should have gone for the SPG business instead since it comes with Sheraton lounge access, however I have opened up several business Amex cards and felt a personal card was a better idea.
To apply, I opened up both Chrome and Microsoft Edge (their new browser) in private/incognito Windows and filled out both applications completely. This strategy ensures no cookies get in the way and by using separate browsers the two applications don’t affect each other. Once I had both applications on the “Submit” screen I paused.
My goal was to get the 100K Platinum approved first, so I hit submit on that and waited. It took about a minute to process and then I received the approval message! Almost immediately I submitted the SPG application and received a message that it required further processing. This has happened to me in the past, so I wasn’t too worried.
Normally the processing happens pretty quickly, but when I went to bed the application was still showing as pending. I am not a huge fan of calling in, so I decided to let it play out. Thankfully I didn’t need to wait too long. The next morning I checked the application status and it showed as approved! After $6K in spend I will have 100K Membership Rewards points and 30K SPG points.
This type of small application round represents an overall shift in my strategy overall. While I did do one “app-o-rama” this year, most of the cards I have picked up have been during increased bonus offers. From Amex alone I have picked up the 75K Gold offer, 150K Biz Platinum Offer and 100K Platinum offer in the last year! Wow!
One of the main arguments against huge application rounds is that they make it much harder to jump on a limited time offer such as the American Express Platinum 100K that only sticks around for a short time. The “one-off” strategy also makes more sense as one matures in the hobby as well, since you tend to accumulate all of the best products over time anyway.
American Express really has been killing it with massive offers on their charge cards lately. Over the course of about 3 months I was able to get 250K worth of Membership Rewards points from two card apps. That is just insane! Hopefully many of you were able to get the 100K Platinum offer if you wanted it. Feel free to share your 100K Platinum application stories in the comments!
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.