January 22, 2006
Editor's Review Of Blue from American Express
The first thing to note about the Blue card from American Express is to qualify for this credit card you must have an excellent credit rating. Having anything less than near perfect credit will result in a rejection letter from Amex. This holds true for all American Express cards. Save yourself some time and the possibility of further rejections from other companies by not applying. It is a fact that if you apply for several credit cards and you are rejected that other lending institutions will take this into consideration when approving you for their card. If they see several denied applications for credit on your credit report they may deny you credit for this reason alone
Now getting to some of the details of the Blue card. At the time of publishing the Blue card offers an excellent incentive to apply by offering a 0% APR for the first 15 months. There is also a very low balance transfer rate of 3.99% (why don't they just call it 4%) for the life of the balance - what this means is if you are carrying a large balance with another credit card company at a higher rate you can transfer that balance to Blue and pay interest of only 3.99% versus typical rate of 16% or more. This can result in huge savings for you.
There is no annual fee which is incredibly good. Many credit card companies will charge you annual fees of over $100. This might not sound like much for the year but when you see an extra charge on your card you might not be so happy with that so why pay a fee when you don't have to. Many people will pay the annual fees to earn the rewards points that are offered - but - Blue from American Express provides you with the option to join their travel and merchandise rewards program. So why bother with other cards when Blue really can provide you with all the benefits without the annual fee.
For those with excellent credit and currently carry a balance on another card, Blue is the perfect option for you. Apply for the blue card and transfer your higher rate credit card to start saving immediately. If you don't want to transfer a balance the 15 month interest free period is something that you will definetely benefit from. An introductory 0% APR of 15 months is simply amazing - most other credit card companies only offer 6 month introductory periods.
The Blue card from American Express has my personal approval. I have never received any negative feedback from visitors about this card and I am very confident that you will have no complaints about it.
Review Of American Express Gold Delta SkyMiles Business Credit Card
Business owners who have excellent credit will be the only applications accepted by American Express. If your credit is less than perfect you will need to apply for another business credit card such as the Advanta card which also offers rewards. To view the application for the Advanta rewards card - click here to check it out.
How you will earn rewards:
Earn double Miles when you use your American Express card for purchases at grocery stores, filling up with gas, paying your wireless phone bill, drug stores, hardware and home improvement stores. This is a really great feature to this card even if some of your purchases are personal in nature you can still make your purchase to earn travel rewards on your business card.
For all other purchases you will earn 1 mile for every dollar spent. You will also be rewarded an additional 15000 points upon making your first purchase on the card.
My feeling is that the American Express Gold Delta SkyMiles® Business credit card offers excellent rewards for small business owners. Personally what I recommend is that you use the points you earn from this card towards personal travel and pay for all your business expenses on the card. Why? Because you can take advantage of write-offs with your business travel where with personal travel you can't.
I also endorse this card because unlike other business credit cards American Express is not over-charging on interest - The APR's for American Express business cards is the same as it is for personal cards. Quite often other card issuers will charge businesses a premium rate and Amex does not do this.