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I used to have the SPG Business American Express credit card. When it came up for renewal, I canceled it thinking that when I was ready I could apply again for the card. That was a little over a year ago.
Well, something happened in the interim. American Express changed the terms on it’s credit card offers to provide “Welcome bonus offer not available to applicants who have or have had this product.”
Suddenly, I had credit card cancellation remorse. I missed my SPG Business Amex.
The Amex “no welcome bonus offer” policy does not mean that I can never get the card again. It means only that I can’t get the 25,000 SPG points bonus that is offered for new applicants. Don’t get me wrong – I’d love those 25,000 points. They are valuable – both for Starwood hotels and for conversion to airline miles.
Some of the card benefits are as follows:
- No foreign transaction fees
- Free wi-fi
- Free Boingo Wi-Fi
- Complimentary access to the Sheraton Club lounge.
- 5 nights and 2 stays towards SPG Elite status each year
- Free cards for authorized users
I have a few stays at Sheraton Hotels in Europe planned this year. While as a Gold SPG member, I stand a good chance of being upgraded to a club room and getting entry to a Sheraton Club lounge, it is not guaranteed. With the SPG Business Amex, however, I know I will have club access.
Some of the features of the card that I really like are the no foreign transaction fees, the ability to transfer SPG points to airlines, the free wi-fi, the authorized user cards and the guaranteed lounge use.
So, yesterday, I applied for the card online and was instantly approved.
I will ask for the 25,000 points, but, I’ll understand if my request is denied. In that case, I obviously won’t be required to meet a minimum spend because that goes hand-in-hand with the welcome gift. And, finally, it looks as though the first year waiver of the $95 annual fee is not tied to the welcome bonus, and, as such, I will have the benefit of the one year $0 annual fee.
Am I missing something? This seems like a win-win to me. And, my credit card cancellation remorse will be relieved!
If you are interested in applying for this card, feel free to browse through the credit card links tab at the top of this blog.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.