[Money] Amex Business Gold Card - 25,000 bonus Aeroplan miles!

[neo1973]

Just as a side note: there is no grace period for a charge card.

[donye]

Just as a side note: there is no grace period for a charge card.

I received this card and bought a dell computer with this card.
my balance now $1218.
I got 26,000 points
Do i have to pay my balance right now or wait for the statment?

[darksith31]

I received this card and bought a dell computer with this card.
my balance now $1218.
I got 26,000 points
Do i have to pay my balance right now or wait for the statment?

Once you receive your statement in the mail, you have a due date. Make sure you pay it by the due date, and you're fine. It would be unreasonable whenever you made a purchase to have to go home and pay it off right away. If that's the case, then just carry cash with you (NOT recommended, especially if you're carrying around 1 of 2 thousand dollars).

[najibs]

Just as a side note: there is no grace period for a charge card.

Wrong. THe only difference between it and a regular card is that the balance is due in FULL on the due date.

[darksith31]

Wrong. THe only difference between it and a regular card is that the balance is due in FULL on the due date.

It's surprising that people think charge cards have to be paid off in full at the end of each month. Technically, they do; but you CAN carry a balance if you need to. It's just the APR is 30%.

So think of it as a credit card then: pay it off in full...avoid all interest charges...carry a balance...pay 30% interest. Easy as pie.

[cko64]

I didn't read through the entire thread, if my question has been answered, please refer me to the post, my apology.

"Reward Yourself. Or Your Business. Earn 1 Membership Rewards® point for each dollar in purchases charged to your Card. Plus each year, you can earn up to 40,000 Membership Rewards purchase bonus points: 15,000 bonus points when you reach $50,000 in purchases and a further 25,000 bonus points when you reach $100,000 in purchases"

The 40,000 bonus points for spending $100,000, is it Calender Year (Jan. 1 - Dec. 31) or Fiscal Year?

I have a business and I do charge everything to my credit cards, so $100,000 is easily achieved. I want to spread my spending to other credit cards once this bonus is done.

[darksith31]

I didn't read through the entire thread, if my question has been answered, please refer me to the post, my apology.

"Reward Yourself. Or Your Business. Earn 1 Membership Rewards® point for each dollar in purchases charged to your Card. Plus each year, you can earn up to 40,000 Membership Rewards purchase bonus points: 15,000 bonus points when you reach $50,000 in purchases and a further 25,000 bonus points when you reach $100,000 in purchases"

The 40,000 bonus points for spending $100,000, is it Calender Year (Jan. 1 - Dec. 31) or Fiscal Year?

I have a business and I do charge everything to my credit cards, so $100,000 is easily achieved. I want to spread my spending to other credit cards once this bonus is done.

On your statement, there is a date on which the amount of $ you spent in the year resets to zero. Then during the next year, if you spend the certain amount, then you will get the bonus points.

[KillaB]

Great deal, thanks OP!! Got a confirmation call from the yesterday, the lady on the phone had such a thick accent that I could hardly understand her.

...and I recommend that everyone start a small business!

Actually I've been wanting to start a hobby business for awhile now.

Is this the link where I need to register?
http://www.cra-arc.gc.ca/tx/bsnss/tp...cklst-eng.html

I read somewhere it's $60 for Ontario residents. Is it the same for BC?

[felix]

What does the Aeroplan miles reward for daily usage work out to in terms of a reward percentage compared to no fee cards such as PC Financial Mastercard (1% cashback equivalent in grocery), Premier Rewards Platinum Plus Mastercard (1% cashback), etc.

[bgfraser]

Have anyone gotten any luck with filling in non real business info?

Why lie? I just told the truth, and got immediately accepted.
Business: Fraser family
My position in the company: Dad.

Bruce Fraser

[slowtyper]

Why lie? I just told the truth, and got immediately accepted.
Business: Fraser family
My position in the company: Dad.

Bruce Fraser

Are you registered?

Anyways, I got mine but haven't actually received the card yet.

[peety]

Applied this card on Monday, got call this morning , just easy question,

they pull up ur file from Equifax, just generate 2 or 3 multiple question for u.

the question I got, 1 which city do u live in 2007
2 your previous employer


I'll get my card in 10 business days,

the call is from 905 475 1175 . AMEX toronto call centre.

hope this info helps

I just got called from AMEX with similar questions pulled up from Equifax. Too bad I didn't study and failed. They then proceeded to ask me about my bank and needed the branch/account info to verify my identity. No real questions about my business which I don't have.

[KillaB]

Actually I've been wanting to start a hobby business for awhile now.

Is this the link where I need to register?
http://www.cra-arc.gc.ca/tx/bsnss/tp...cklst-eng.html

I read somewhere it's $60 for Ontario residents. Is it the same for BC?

Looks like it's $70 to reserve a business name and register within BC.
http://www.canadaone.com/tools/startingabusiness.html

[eyap]

Any of you ever received an instant decision (approval)?

[tng11]

Any of you ever received an instant decision (approval)?

It doesn't seem to work for the Business card. My dad got this card (his 4th AMEX) and the first 3 were all approved instantly online. This one wasn't.