Editor’s Note: Thank you for your interest, these offers have expired and are no longer available.
If you’re a responsible user of credit cards — someone who pays their balance off each month — or if you use credit cards for business purposes, then you may be able to benefit from some of the offers from credit card companies. I wouldn’t suggest these cards for anyone who pays interest on their balance every month, because those interest charges may not be completely offset by bonuses. Also, in many cases, these cards are only good for their sign-up bonuses; once you cash in, cancel the cards.
In addition, your credit score may be affected if you open new lines of credit, so if you’re looking to get a good deal on a mortgage interest rates any time soon, hold off on applying for these cards.
American Express Business Gold Rewards Card
This is a business card, but you do not have to be a business owner to qualify. Any individual can apply and be accepted — as they qualify — for a credit card that bills itself as a “business credit card.” This business card offers an immediate reward of 5,000 bonus points, redeemable for a $50 gift certificate. Update: This card has been upgraded as of June 19 to offer 25,000 bonus points — a $250 gift card!
Be sure to cancel this card before your first year is up; there is a $125 annual fee, but it is waived for the first year.
If you go ahead with any card card offer, don’t fall into the traps. If you end up paying an annual fee or substantial interest, you’ll end up losing money even after the initial bonus.