Amex Business Explorer Overview
Is your business earning 2 points for every dollar spent? If it isn’t, or if those points aren’t flexible and redeemable with up to 8 airline partners, now is the perfect time to switch. American Express is offering new card members 100,000 Membership Rewards points when they spend $3,000 on their new Card within 3 months of their approval date. Offer ends 24th March 2021. New American Express Card Members only.Learn More Or Apply
What’s the value of 100,000 MR Points?
100,000 Membership Reward points translate into 50,000 frequent flyer miles (Singapore Airlines, Cathay Pacific, Marriott Bonvoy to name a few). Points in your MR account don’t expire as long as you’re an American Express member so, in uncertain times like these, it’s considered much safer compared to having points in an airline frequent flyer program.
Uncapped earning potential.
Using Points For Cashback
1,000 MR Points = $5 when used to pay off your charges. Since you earn 2 points per $1, this works out to a rate of 1%
To be eligible for the American Express Business Explorer credit card, you must be able to say yes to the following:Learn more or apply via American Express
Be over 18 years of age
Business Explorer Travel Insurance
Of course, this card also comes with a generous amount of travel insurance which covers yourself, direct family and employees that are supplementary card holders for the following:Read More
Travel disruption due to the unforeseen and unavoidable cancellation of a trip
Business Explorer VS Personal Explorer Cards
This business credit card also lets you add up to 99 additional card holders at no extra cost which could skyrocket the point earning potential (use it for work-related expenses instead of reimbursing employees).Apply Online Via American Express
Other Card Benefits
As a Business Explorer Card member, you get access to free Hilton Honors Silver status. This perk gives you the following benefits when you book a stay direct with Hilton:
• 20% Points earning Bonus on stays Earn free nights faster with 20% Bonus on Base Points you earn on every stay.
• Fifth night free Your fifth night is free when you book a stay with 100% Points.
• Free bottled water Get two free bottles of water when you arrive (at select hotels).
• Elite Rollover Nights Roll over extra nights for a head start on earning next year’s status
What If Your Supplier Doesn’t Accept Amex?
Amex is working hard on increasing their acceptance rate among retailers and suppliers. Acceptance however is a valid concern business owners have when it comes to using Amex cards for all their purchases.
Introducing Access Line! Access line is a payment facility offered by American Express, exclusively for its business customers. It allows you to pay anyone, anywhere, regardless of what type of cards they accept. Even if the business you’re trying to pay doesn’t accept credit cards, you can use Access Line to facilitate the payment and take advantage of the interest free days on your card.
How much does it cost? Access Line has one of the lowest market rates of 2.15% GST included. Depending on your tax bracket (talk to your accountant), this could be a very lucrative way to pay your suppliers and earn points along the way. After deductions, you are left with a very competitive rate at which you’re essentially “buying points”. Clever business owners can also use this strategy to negotiate early payment discounts with their suppliers. Let’s assume you have extended payment terms with suppliers, propose to them a 1% discount to your invoice if you pay in advance. This means you’re making use of your interest free days with American Express, while also getting valuable MR points.Click here to get this deal
Amex Business Explorer: In Conclusion
Keep in mind that this deal is only available through a select number of American Express partners (that’s us!) so if you want to take advantage, you must apply via this page.