Update 1/2/23: This incredible deal is slated to end soon on January 3rd, 2023.
The American Express business checking account will increase the signup bonus on their business checking account to 60,000 points, starting tomorrow December 1st. All other requirements are the same. Offer valid through January 3, 2023.
The bonus had been 20k and now 30k, and will increase on December 1st to 60k.
We’ll update the original post with the offer, just didn’t want it to get lost since it’s such an amazing offer for anyone with a business so I’m posting this brief post separately.
The requirements are pretty easy with $5,000 held for 60 days and also 10 transactions. I’d guess there’ll be a Form 1099-INT for $600 for those who get the bonus. (?) Seems like they approve sole proprietorships with a driver license, according to some reports. It’s a soft pull.
Full details in the original post.
Hat tip to Frequentmiler
Received a 1099-INT form for this bonus in the mail today for $600. Strangely, the 1099-INT for 2023 that I can download from their website includes the interest received on the account, but not the bonus. Strange that neither tax form has both the bonus and the interest included.
Agreed it’s strange. Received mine in the mail today for the $600 and the one through their website is just for interest on the account.
I opened 2 business accounts (2 legal LLCs) and I just received 2 1099s for $600 each, one for each account. Neither has the interest included. And neither lists the business name, they both show my name on the “RECIPIENT” box. Hwever one shows the right LLCs TIN but the other shows my personal SSN. This is a mess
I received the 2023 Form 1099-INT on the website that includes just the interest earned on the account. It shows the correct TIN and business name. Then in the mail I received another 1099-INT for the $600, but it shows my personal name and a TIN that I do not recognize. What the heck?
P1 opened mid 12/2022, 5k in 5 days, bonus posted early 3/2023
P2 opened late 12/2022, 5k in early 1/2023, bonus posted mid 3/2023
P3 opened early 1/2023, 5k in mid 1/2023, bonus posted late 3/2023
P3 never had Amex, opened Amex gold 2 days before biz checking and had no issue getting the biz checking.
All of the 10x transactions requirement were met via trial deposit from other institutions. Link 3 and good to go.
Took just under two weeks for bonus to post. Don’t worry about leaving the funds in until the points show up “to be safe.” As soon as the tracker says you’ve met the criteria, you can pull the money out.
1/3 opened
1/18 last money deposited
3/18 deposit requirement met
3/25 points post
I never saw the points pending even last night.
Wait two weeks.
1/03/23 Account Opened
1/20/23 5K deposited & 10 transactions met
3/21/23 Tracker updated to show all requirements met
3/24/23 60,000 points posted in evening with 3/25/23 transaction date in MR points activity
12/31/22 Account Approved
1/10/23 (or 1/11) Both balance requirement and transactions reached 2/3 activities
3/10/23 (or 3/11/23) tracker showed all 3 requirements met
3/22/23 bonus 60k points posted
Left 5k in the entire time past the 60 days as well.
Hmmm, I seem to have 3x 30k points pending from this (i.e. 90k total).
Do you have the Biz Plat?
I do! Why is that relevant?
There were some targeted offers for getting an extra 30k for business platinum customers for opening this account. Hope the same happens to me.
I have it and only received 60k.
12/14/22 – Account opened
12/16/22 – 5k deposited, 10 transfers from external bank
2/14/23 – Tracker showed all three tasks complete
3/5/23 – 60k bonus received
(I did not remove my 5k before the bonus was received, just in case)
Account opened 12/22/22
6k Deposit posted 12/29/22
10 $10 reoccuring bill pay charges completed over 2 weeks
60k MR points posted 3/13/23
Did they take the tracker away? Trying to confirm all 3 tasks are complete for this. Still haven’t gotten my bonus…
The tracker is still there for me as of 3/13/23. I also met all 3 tasks, but still haven’t gotten my bonus.
Thx. I recall it only showing up for me on a desktop and not mobile but I can’t fine it now on a desktop either. To get to it, you just go to the dashboard and then navigate to your bank account, right?