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Travel on Point(s) is an independent, advertising-supported website. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites like Cardratings.com. This compensation does not impact how or where products appear on this site. Travel on Point(s) has not reviewed all available credit card offers on this site. Reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any partner entities.

70K Amex Business Checking Offer

There is a new 70K Amex Business Checking offer available that people may find of interest. I remember when it was a big deal when this account launched with a 30K Membership Rewards bonus, and it has now more than doubled! The offer for this account has bounced around from 30K to 50K, but this is the highest I have ever seen it. Let's get into the details of this offer, and how you can check if you are targeted.

Offer Details

Here are the offer details for the 70K Amex Business Checking offer (HT DDG)

  • Earn 70,000 Membership Rewards® points when you open a new American Express® Business Checking. To earn this bonus, you must meet each of the following qualifying criteria:
    • Open your first American Express® Business Checking account by 07/31/2024 
    • Deposit a total of $15,000 or more in eligible deposits within 30 days of opening your first account
    • Maintain an average balance in your account of at least $15,000 for sixty (60) days, starting on the date that your deposits of new money are equal to $15,000 or greater; and
    • Complete 5 qualifying transactions within sixty (60) days of account opening.
      • After you have completed all the above qualifying criteria, American Express will credit the Membership Rewards points to the Membership Rewards Program Account linked to your American Express® Business Checking account within 8-12 weeks. 
  • Link To Check If Targeted (You will need to log into your Amex account)

This Welcome Offer is only available to select businesses who were solicited directly by American Express and who must apply with their existing credentials through the link provided.  Offer cannot be forwarded, transferred, or used more than once. Terms apply.

Offer Terms

Here are some terms for the 70K Amex Business Checking offer that you should be aware of:

  • “New money” is defined as deposits that are not deposited from any other American Express® Business Checking account and are not deposited using our Redeem Membership Rewards points for Deposits feature.
  • “Qualifying transactions” are defined as mobile deposits, and electronic/online transactions, including ACH, Wire, and Bill Payments made to or from your account. Business Debit Card transactions and deposits using our Redeem Membership Rewards points for Deposits feature are not qualifying transactions.
  • You are not eligible to earn a Welcome Bonus for any accounts opened for a business that currently has or has had an American Express® Business Checking account.
70K Amex Business Checking Offer

Perks Of An Amex Business Checking Account

Here are some notable perks of the account, on top of the 70K Membership Rewards welcome offer:

  • 1.3% APY
  • Member FDIC insured
  • Earn 1 Membership Rewards point for every $2 you spend on an eligible Business Debit Card purchase.
  • Turn Membership Rewards points into deposits directly into an American Express® Business Checking account.
    • Worth 1 cent a piece if you have a Business Platinum card as well.
    • Can redeem up to 1 million Membership Rewards a calendar year
  • Fee-free ATM access at MoneyPass locations in the U.S.
  • Transfer Points to select participating travel partners.

70K Amex Business Checking Offer: ToP Thoughts

The 70K Amex Business Checking offer is pretty great if you are targeted. If not, then I would try to get an offer for at least 50K when signing up. I have had this account for a few years now, but I haven't used it a ton after earning the welcome offer. The interest rate, debit card earning (although many can do better with Discover) and cashing out points at 1 cent a piece options could be useful for some. Especially since the online cash out option is back to working again. I do love that the bonus is fully transferrable Membership Rewards points too. That makes it better than a normal checking bonus for most.

Let us know if you were targeted for this offer over in the ToP Facebook Group.

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