Targeted Spend Offer for American Express Open Cards – 5,000-10,000 Bonus Points

Check your email if you hold an American Express Open credit card (Open cards are business credit cards). I received a bonus spend offer this week for my Business Delta Gold Card. There are also targeted offers being sent out for the Business Starwood SPG credit card. (sadly I didn’t receive that one)

If you were targeted for the Business Delta Gold card offer (click to register), here is what you can expect:
5,000 bonus miles after spending $2,000. That means you will receive a total of 7,000 miles since you will still earn at least one point per dollar spent on the $2,000. The value of those Delta points is somewhere in the range of $90-$140. Some folks don’t find much value in Delta miles but I happen to think they are pretty awesome.

 

Targeted offer of 5,000 additional Delta Bonus miles for spending $2,000
Targeted offer of 5,000 additional Delta Bonus miles for spending $2,000

 

I can fly from Phoenix to Seattle one-way using only 7,000 Delta miles. That same ticket would cost me $138 if I paid cash making those 7,000 miles worth almost two cents per point!

 

$138 paying cash one-way Seattle to Phoenix
$138 paying cash one-way Seattle to Phoenix

 

 

Only 7,000 points one-way for the same flight
Only 7,000 points one-way for the same flight

 

Some folks may find it difficult to spend the $2,000 by Oct 15th, which I completely understand. The last thing you want to do is buy things you don’t need for a free airline ticket. Your best bet is to pay bills like your mortgage, rent, car payment, etc using Plastiq.com. Plastiq charges about 2.5% to pay those bills which means that if you spent all the required $2,000 by paying your bills you’d fork over about $50 in fees. For me it would make sense to pay the $50 in fees since the 7,000 Delta miles worth over $100.

The Starwood SPG bonus offer (click to register) has a higher payout but requires much more spending on your part.

 

Targeted 10k SPG bonus offer
Targeted 10k SPG bonus offer

 

Here are the terms of the offer according to American Express:
“Earn 5,000 Starpoints after you spend $5,000 in qualifying purchases* using your Card, Plus, earn an additional 5,000 Starpoints (for a total of 10,000 bonus Starpoints) after you spend an additional $5,000 (for a total of $10,000) in qualifying purchases on your Card.”

 

 

That means if you spend a total of $10,000 you will receive a bonus 10,000 SPG points for a grand total of 20,000 SPG points (you earn 1 point per dollar on your base spend also). The great part about earning 20,000 SPG points is their flexibility to be transferred to 150 different airlines. Starwood gives a 5,000 point bonus when you transfer 20,000 points to a single airline giving you 25,000 airline miles of your choice! If you are targeted for this offer and can swing the $10,000 spend requirement you are going to get a nice chunk of points transferred to almost any airline!