Edit 12/11/2013: This offer is no longer available. There is currently no signup bonus for the Business Gold Rewards card.
American Express just released an offer for their Business Gold Rewards card of 50,000 Membership Rewards points after spending $5,000 in 3 months. I talked in this post about how to apply for business cards even if you aren’t some big corporation using your personal credit information.
Today, I am going to show you the easiest way to meet the $5,000 spending requirement without really spending anything!
So you apply for the card and are approved. Perfect! Amex has great customer service and they will get your card to you within a few days.
While you are waiting to get your card, sign up for a Bluebird account. Read my article on what the Bluebird is all about if you don’t already know.
Once you get your card, go to your local CVS and buy two $500 Vanilla Reload cards which will be a total of $1007.90 ($500 each plus a $3.95 fee each). They will look like this.
Read this article I wrote about using the Bluebird for paying your rent to see how to load the prepaid cards on your Bluebird account (which is really quite simple and only takes a few seconds).
You can only load $1000 a day onto your Bluebird account and most CVS will only let you buy $1000 in prepaid cards per day so it will take you 5 days to get $5,000 into your Bluebird account. Once you have the $5,000 in your account, then we set up your new Amex as a bill to be paid from your Bluebird account (just like we set up your landlord in this Bluebird article). Then we use the $5000 in the Bluebird account to pay off the Amex. This whole process can take as little as 7 days. And you will be the recipient of 55,000 membership rewards points! (50,000 for the bonus and $5,000 for the purchase of the reload cards).
This whole thing really is this easy! Don’t make it more difficult than it is!
- Get Credit Card
- Reach minimum spending by buying Vanilla Reload cards
- Deposit Reload Cards into your Bluebird account
- Use Bluebird balance to pay off credit card
- Get your almost free miles and come travel with me!
At this point you will have a paid off Amex which you can then use whenever you have to buy airfare (since it gives 3X points on airfare). That is what I use mine for mainly or when I need the additional Warranty Protection that Amex provides.
So what are you waiting for? Apply now and get travelling!
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