Thursday, June 26, 2008

7 Credit Card Offers in Three Weeks

It's been exactly 3 weeks since my last post and the credit card offers have not been the usual stream, it's definitely slowed to a trickle. Still, I got 7, which is over 2 per week. Let's take a look at what I got.

The American Express Business Platinum Card is first. This is the one that wants to charge me $450. I already went over this on the last post, but they continue to send me this same offer. No thanks.

An offer for the Capital One Visa Business Platinum Card with No Hassle Miles (say that 10 times fast) showed up in an oversized envelope that had a sticker on the front stamped Time Sensitive and a little fake code 29051154 on the sticker. Marketing. Anyway, this one offers 2 miles per dollar in spending for the first year plus a 0% balance transfer offer for a year. 3% fee on the balance transferred, though, and after a year it's just a mile per dollar charged. OK, but nothing to jump up and down about.

Next up is the American Express SimplyCash Business Credit Card that offers 5% cash back on gas, office supplies and cell phone service and 1% back everywhere else. This one is really a nice deal, especially if you're going through gas a lot. No cap on earnings, and no annual fee. Good interest rates, too. I've already got an old Chase card that gives 5% back on gas and some other purchases that I'm happy with, but I'd go after this one otherwise.

Bank of America wants me to get their Platinum Plus Visa that has a 0% intro rate on purchases and balance transfers for roughly 12 months. and an APR of 10.24%. I'm all about the rewards, though, and this has none. If I was looking for a nice 0% introductory offer on purchases, though, this would be a keeper.

American Express is trying to get me on board the Gold Delta SkyMiles Business Credit Card. Comes with 20,000 bonus miles after the first purchase, which is nice. No annual fee for the first year, but then $95 per year. If I was a big Delta user, I might go for this, but I don't travel enough and have no airline loyalty.

Another one from Capital One, this time in a padded envelope. Cap One is the best at crazy envelope packaging to get your attention. I open it up to find it's not a padded envelope exactly, but just a piece of bubble wrap slipped inside to give it that cushiony feel. I like to play with bubble wrap, so it gives me warm feelings toward Cap One as I check out the offer for the Capital One Visa Business Platinum Card with No Hassle Miles. Hmmmm. I already got this one! Let's see if there's any difference between the two... yes. This one does not offer me the 2 miles per dollar for the first year, but it's giving me a 0% rate on purchases and balance transfers all the way to October of 2009. Another good offer if I was looking for a 0% rate to float some purchases for a while, but for now I don't need that. (The bubbles on the bubble wrap are too small for popping. Hmmph.)

Finally it's American Express again for the 4th time. This time it's the Business Gold Rewards Card. They'll waive the $125 fee for the first year and give the equivalent of a free airline ticket if I spend $1,000 on the card in the next few months. I might do this if I just wanted to swing a free ticket really quick, but I don't want any of these American Express cards that you have to pay for. It just doesn't make sense unless you really travel a ton and can use some of the extra travel rewards that you can get. In most cases, though, I think their customers are paying a fee with not a whole lot to show for it.

Ta-ta for now.


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