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American
Express FreedomPass® Credit Card Article
American
Express FreedomPass credit card from OPEN the small business
team: A high return business rewards credit card
The new
American Express FreedomPass credit card from OPEN, the small
business team, is a business credit card that provides users with
high yield rewards. With only 7500 points, you earn a $100
American Express travel reward certificate for purchases on your
Card Account at airlines, hotels, car rental companies, cruise
lines, travel agencies, tour operators and on-line travel sites.
For most small businesses, obtaining a few thousand dollars in
travel rewards every year would be in reach with this credit card.
For example, if
your business spends $10,000 a month with the American Express
FreedomPass, expect to cash in $1600 in travel rewards. That’s
equivalent to earning 1.33 points with every purchase you make.
Plus, as an added bonus, American Express will also get you
started with 5,000 free FreedomPass Miles after you use the card
to make your first purchase. Spend $2500 with your card and
you’ve already earned a $100 American Express travel reward.
Now, there are
some issues of fine print to examine. Let’s say you spend $167.88
on a hotel room. Because American Express FreedomPass points are
redeemed in increments of 7500, you would need to use 15000
FreedomPass points to pay the bill in full, or use 7500 points to
cover the first $100 and pay off the remaining $67.88 in cash.
While a rewards point redemption situation such as this may not be
ideal, your business reaps more benefits by mixing its FreedomPass
miles with Amex spending than it does by wasting $32.12 in future
rewards.
Another unique
feature of this business rewards credit card is its annual fee.
Or rather, its lack thereof. While most American Express business
credit cards, especially travel rewards cards, charge an annual
fee, the FreedomPass credit card from OPEN charges no annual fee.
However, one must also take in mind that this isyou’re your
traditional American Express business card. It is a credit card,
with an interest rate: at least after the first six months. Yes,
the FreedomPass credit card offers a 0% introductory rate for 6
months. After that, however, you will be charged interest if you
do not pay for your purchases in full within the 25 day grace
period. To avoid paying interest, simply pay for your purchases
before the 25 day grace period expires.
American
Express offers a wide range of business charge cards and credit
cards, each with a unique rewards program. The American Express
FreedomPass credit card from OPEN is unique in that it charges no
annual fee, offers a 0% interest rate for 6 months, and provides
card members the opportunity to earn 33% more in American Express
rewards with every purchase.
Click here to view the American
Express
Platinum Business FreedomPass® Credit Card
Application
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