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[Expired] Increased Welcome Offer for Amex Business Checking [50k Points]

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Carissa Rawson
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Carissa Rawson

Senior Content Contributor

Countries Visited: 51U.S. States Visited: 36

Carissa served in the U.S. Air Force where she developed her love for travel and new cultures. She started her own blog and eventually joined The Points Guy. Since then, she’s contributed to Business ...
Edited by: Keri Stooksbury
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Keri Stooksbury


Countries Visited: 44U.S. States Visited: 28

With years of experience in corporate marketing and as the Executive Director of the American Chamber of Commerce in Qatar, Keri is now Editor-in-Chief at UP, overseeing daily content operations and r...

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Update:The offer mentioned below has expired and is no longer available.

American Express has been on a tear over the last year introducing new products for both its consumer and small business customers. Along with a personal checking account that earns American Express Membership Rewards points, Amex’s business checking account has an improved welcome bonus. Let’s take a look.

New Account Offer Details

In order to earn the increased bonus of 50,000 Amex Membership Rewards points, customers will need to meet specific criteria when applying for the American Express® Business Checking account:

  • Offer valid through December 12, 2023
  • Deposit $5,000 within 30 days of opening your first account
  • Maintain the $5,000 balance for 60 days
  • Complete 5 qualifying transactions within 60 days

American Express Business Checking Benefits

While the APY for this account isn’t competitive with current interest rates, it still offers a 1.3% rate on up to $500,000 per year. Other benefits of the account include:

  • Fee-free withdrawals at MoneyPass ATMs
  • Earn 1 Amex Membership Rewards point for every $2 spent
  • No monthly maintenance fees

We value Amex points at 2.2 cents each, meaning this 50,000-point bonus is worth ~$1,100. Once earned, you can either choose to redeem points for cash or for travel, gift cards, and transfers to partners.

If you’ve got The Business Platinum Card® from American Express, you’ll be able to cash out those points at a rate of 1.0 cents per point. If not, the redemption rate is 0.8 cents each. Either way, this is a pretty poor redemption value and reflects less than half of what you should be getting for your points.

Amex Business Checking Offer
Image Credit: American Express

Redeeming Amex Membership Rewards Points

Amex Membership Rewards points can be used in a variety of ways, but you’ll find the best value to be had is by transferring them over to the Amex airline partners. Check out our guide to the best ways to redeem Amex Membership Rewards points.

Hot Tip: You can also choose to redeem your Amex Membership Rewards points for flights through If you have the Amex Business Platinum card, you may be able to get a 35% rebate on all redeemed points!

Final Thoughts

If you’re a small business owner looking for a new business checking account, Amex wants to speak to you. With minimal qualifying activities, you’ll be able to score a 50,000-point welcome bonus, though be aware that the account is subject to approval.

The information regarding the American Express® Business Checking was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of The Business Platinum Card® from American Express, click here.

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About Carissa Rawson

Carissa served in the U.S. Air Force where she developed her love for travel and new cultures. She started her own blog and eventually joined The Points Guy. Since then, she’s contributed to Business Insider, Forbes, and more.


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