The Card Now Earning a Big Portion of My Everyday Spending
As a part of the Starwood & Marriott merger, a number of large-scale changes were made to both the co-branded Chase and American Express credit cards from Marriott and SPG respectively. One of the biggest and most negative changes was the devaluation on everyday spending for the SPG credit card from American Express.
RIP to the SPG Card
Since 2014, the SPG card from American Express had been a staple in my wallet and was earning all of my regular everyday spending not tied to a bonus category on my Chase Sapphire Reserve card. The SPG card earned 1 point per dollar spent which was a great return as I valued SPG points at around 2.4 to 2.5 cents each. Mostly because you could transfer them to almost any airline and you would receive a transfer bonus of 5,000 points for every 20,000 SPG points you transferred.
Starting on August 1st, 2018 a number of changes were rolled out to the SPG cards. Some of them positive, but most of them not. Because SPG points transferred to Marriott Rewards at a 1:3 transfer ratio, each SPG point was essentially worth 3 Marriott points in the current program. On August 1st, this changed and you now earn only 2 Marriott points per dollar spent on all purchases and 6 Marriott points per dollar spent at Marriott/SPG hotels.
Remember, that 1 SPG point equals 3 Marriott Rewards points, and in the new program you can still transfer 3 Marriott Rewards points to any airline (1 airline mile). While the airline transfer ratio essentially remains the same, the earning rate on the SPG credit card for everyday spending has been devalued by 33%. Because you previously earned 1 SPG point per dollar spent, you were effectively earning 3 Marriott points per dollar. You now earn only 2 Marriott points per dollar spent instead of 3.
The card still offers enough value for me to hold onto it (mainly for the annual free night it provides), but it was time to find another powerhouse credit card to compliment my Chase Sapphire Reserve card for my everyday spending. Enter the Blue Business Plus card from American Express.
The Blue Business Plus Card from American Express
I was shocked when American Express first launched the Blue Business Plus card as it almost seemed too good to be true. In my opinion, it is the single most lucrative credit card out there for all spending that doesn’t earn a bonus on other credit cards. Even better? The card has no annual fee.
The card offers 2x American Express Membership Rewards points on your first $50,000 of spending per calendar year and 1x point per dollar spent on all spending above and beyond the first $50,000. I place a high value on Membership Rewards points, so this is a pretty incredible return.
Additionally, this card earns Membership Rewards points that can be transferred to the suite of Membership Rewards hotel and airline transfer partners. There aren’t many no annual fee cards that earn Membership Rewards without transfer partner restrictions. That in and of itself is reason enough to hang onto the card. See the full benefits of the Blue Business Plus card below.
- Earn 10,000 Membership Rewards points after you spend $3,000 within your first 3 months of Card Membership.
- Earn 2X Membership Rewards points on the first $50,000 in purchases each year. Earn 1X points thereafter.
- 0% introductory APR for 15 months on purchases and balance transfers.
- No Annual Fee!
- Learn more about this card in the Business Cards section of our Top Credit Cards Page.
Thrifty Tip: Want to see if you qualify for a business card? See our guide to see how you can apply for a business card without having a traditional business.
While the welcome offer bonus on this card isn’t anything spectacular, it isn’t the reason to get the Blue Business Plus card. The ability to earn 2x Membership Rewards points on all spending up to $50,000 each year is almost too good to be true and it is the reason it now earns a portion of my everyday spending. Learn more about this card in the Business Cards section of our Top Credit Cards Page.
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