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Yesterday some seemingly inevitable bad news came out regarding American Express Small Business Cards, especially if you like to potentially get the same credit card (and sign-up bonus) more than once in your lifetime. For a good while now American Express personal cards have largely contained some language in the terms and conditions that says something to the tune of “Welcome bonus offer not available to applicants who have or have had this product.”
This meant that if you got a card like the Amex Everyday Preferred Card and the sign-up bonus points then closed it for some reason and wanted it again down the road, that you could “never” get that sign-up bonus again. There seemed to be some exceptions to this rule, especially if you received a targeted offer, but it was the general rule.
However, the various Amex small business credit cards did not carry this language, and instead usually said something like “Welcome bonus offer not available to applicants who have or have had this product within the last 12 months.” This meant you potentially could get the small business cards and their bonuses more than once, if you so desired. At least until the last day or two when the small business cards now carry the same language as the personal cards indicating that the welcome bonus offer is not available to applicants who have or have had the product.
The Starwood Preferred Guest® Business Credit Card from American Express does not seem to have the new terms written into its terms on the landing page as of this writing on 2/26/16 at about 9:30A Central on the landing page, though the application page does seem to have the new terms, so wouldn’t really count on getting in under the wire with that one.
These things come in cycles, so just because these are the terms now doesn’t mean it will necessarily always be this way forever, but it is important to make note of the new terms if you are considering a card you have had in the past. Also note that business and personal versions of the same cards are treated as different products, so if you had the SPG Personal Card, you could still get the SPG Business Card and sign-up bonus at some point.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.