Good morning everyone. I think the Chase Sapphire Reserve Credit Card hype is dying down a bit. Unfortunately, I am way over 5/24 and I have no pre-qualified offers, so it looks like I won’t be getting the Chase Sapphire Reserve Credit Card anytime soon. I’m a glass half full kind of guy, so I am always looking for the next best thing. There are 2 other cards that I am applying for now.
The first is the US Bank FlexPerks Business Edge Visa Credit Card. Thanks to the awesome performance by Team USA, the current sign up bonus is 34,800 FlexPoints after spending $2,000 in 4 months. The sign up bonus is great and the minimum spend amount is quite easy. The sign up bonus is the same for the personal version of the credit card – US Bank FlexPerks Visa Signature Credit Card. I already have that credit card (along with the US Bank FlexPerks American Express Credit Card), so the business version is the only one I am going after.
If you go to the US Bank Olympics promo landing page, you can apply for either credit card. The business version is listed at the very bottom of the page. I had trouble applying online (US Bank could not verify my business or home address), so I called the number and filled out the application over the phone. The process was very slow and time consuming, but I should have an answer in the next 2-3 business days. If you want to learn more about the promo, check out this Doctor of Credit post.
credit charge card that I am interested in is the Platinum Card from American Express for Ameriprise Financial (I will call it the Ameriprise AMEX Platinum for simplicity). This card has the same perks as my current AMEX Platinum, but comes without the sign up bonus and first year annual fee. The only perks of my current AMEX Platinum that I care about is access to the Centurion Lounges and if I could get this card with no annual fee, that would be awesome. Doctor of Credit has a great AMEX Platinum comparison post that is worth reading.
If I already have the AMEX Platinum, why do I care about the Ameriprise AMEX Platinum? The answer is simple. A few months ago, I wrote American Express Changes to Card Updates, Forex Fees & Annual Fee Refunds. In that post, I wrote that American Express would no longer offer partial refunds on annual fees for all credit and charge cards closed after 30 days from the date the annual fee is billed. The new policy goes in place beginning on September 1, 2016.
If I get the Ameriprise AMEX Platinum now, I can close my current AMEX Platinum and get a partial annual fee refund, but I must close my current AMEX Platinum by September 1. Time is running out and I only have a few days left to get approved for the new Ameriprise AMEX Platinum.
If you have any questions, please leave a comment below. Have a great day everyone!