Earn up to 35,000 Points With a New Amex Business Checking Account

Although we don’t typically cover bank account bonuses here at Upgraded Points, every so often, an offer comes up that is compelling enough that we have to share it with you.

Right now, American Express is offering customers an excellent business checking welcome offer bonus of 35,000 American Express Membership Rewards points — one of the highest we have seen in recent years.

Here’s a look at this American Express Business Checking offer and whether it’s a good deal.

American Express Business Checking Offer: Details

American Express is offering customers an excellent welcome offer bonus of 35,000 Amex Membership Rewards points for opening a new American Express Business Checking account and completing certain qualifying activities.

Here are the requirements on how to receive the massive welcome bonus:

• Deposit at least $5,000 in eligible funds within 30 days of account opening.
• Maintain an average account balance of $5,000 for the next 60 days.
• Make 5 or more qualifying transactions within 60 days.

Qualifying transactions include mobile deposits, check deposits by mail, and electronic and online payments like ACH, wire transfers, and bill payments. Debit card purchases and transfers from another Amex Business Checking account don’t count.

After completing the requirements, American Express will credit the Membership Rewards points to the Membership Rewards account linked to the Amex Business Checking account within 8 to 12 weeks.

The Amex Business Checking account has no minimum balance requirement or monthly fees. It also earns 1% APY on balances of up to $500,000.

The account also comes with a Business Debit Card. Customers can earn 1 Membership Rewards point for every $2 spent on eligible debit card purchases.

Is This Offer Worth It?

While this isn’t the highest offer we’ve seen for an American Express Business Checking account, it is still a lucrative deal and a great way to earn a relatively large number of points in a short period.

We value American Express Membership Rewards points at 2.2 cents per point, the highest among any transferable rewards currency. This means the 35,000-point offer is worth $770.

Final Thoughts

Amex is promoting a generous welcome offer of 35,000 Membership Rewards points after you open an Amex Business Checking account and meet some relatively straightforward requirements.

This is a solid welcome offer bonus for a business checking account and one of the highest we have seen in quite a while.