Boom all right guys, so american express continues to fire shots and they're doing one hell of a good job with it. Now, just a few months ago, in the middle of the lockdown, we know that credit card stuff was at an all-time low. Take this article as an example: in the month of may, banks mailed, roughly 74 million credit card offers to people's homes down from more than 300 million in the months preceding the pandemic, or, if you still don't believe me check out this consumer finance special report done By the federal reserve bank of philadelphia as the kombucha 19 crisis, evolves, lenders continue to respond with the mix of caution and consolation, reducing the availability of credit to new customers while offering protections to existing ones. As of the writing of this report, we do not observe lenders, closing accounts, reducing credit lines or increasing prices.

We do, however, observe the following number one april: direct mail volume is down 33 from a year ago. Number two marketing spent on digital acquisition campaigns is down. 58 from pre-pandemic levels number three application: success rates are down across the board: 13.6 percent lower for consumers with a risk score of 760 or greater since december number. Four, the dollar value of new credit card alliance is down across the board 61 percent lower for consumers with a risk score below 580 and 42 percent lower for those with a score above 720 and number five credit limit.

Increases are down from about one percent of accounts in march to just point four percent of accounts in april. Out of all the big banks and credit card companies, american express continues to do a great job in providing extra value to their consumers. Now check out this article done by american banker back in april 24th of 2020., they stated with the kombucha pandemic paralyzing business across the globe. American express is continuing to stress that small business owners are accepting the cards and younger consumers find value in amex rewards.

If these two audience continue to stand by american express it will keep the revenue ship steady next month. American express will continue planned refreshes on a number of its card products. Squirrey said we'll see enhancements to cards, not air hotel related to provide more utility to the cards in general, and this is exactly what we've been seeing. He also mentioned our ability to add other values, and credits in a couple of months will serve us.

Well, we want to continue to maintain the price value that we strive to have with these cards at the end of the article he also stated our intent is to come out of this very strong, as we did in 2009 and after the internet bubble. So in this video we're gon na be going over exactly what those extra added benefits with american express are, and i'm also gon na show some love to chase. We're gon na be talking about the current situation, with one of chase's best cards right now, which is the freedom flex card as well. Now guys before i get started with this video, it's been about like a week since i last posted a video, and it feels like it's been a really long time, since i actually recorded and at the time of this recording it's the beginning of november time is Flying we have two months left before this year is over and i'm trying to do a thing where i post a little bit more consistently throughout the next few months before 2020 comes to a close.

So i need your help and i need you guys to comment down below what kind of videos you guys want to see me post. Next, all right to start off american express has unveiled a couple new offers to their tab, and i wanted to discuss how american express offers work and what you should do if you hold any one of their cards so right before i film this video, i was Actually going through the offers tab, and i was actually seeing a pretty good amount of unique offers out on the table. I know that if i'm a little bit more disciplined in checking my offers regularly, i definitely would have saved a lot of money got a lot more points than if i didn't check it before. Out of my mistake in my error: it's going to be your lesson to learn right now, after this video, because you you have to watch the entire video, so the youtube algorithm knows that people like watching this video after this video is over, make sure you go Onto your american express offers tab, i will have it linked down below in the description, so you guys don't have to search at google or whatever you guys can just take it right.

There log on to your account and add all of these american express offers, and i think the most interesting offer that i personally found on my cards was getting 25 back on best buy. If i spent 250 now with holidays coming up black friday coming up. I know that i'm gon na have the chance to at least buy something for someone that i can definitely get a discount on using this promotion now. So if you guys are interested at all in buying some tech or some gear or preparing the holiday pre-black friday sales for yourself, you can go ahead.

Use this offer. If you have a good deal online or whatever you're trying to buy, make sure you use one of your american express cards after you've activated this offer now, with regards to american express offers, i want to share this one little secret tip with you, and that is To always use american express offers, even if you don't think you're ever going to go to any of the restaurants. Now i'm not saying go ahead and add all 100 of them every time you see them loaded onto your account, but you should definitely be adding at least 10 to 20 different offers onto your account. So anytime, there is a targeted offer through amex offers.

It will load it onto your account because it's not going to be full with all the pre-loaded ones that you haven't actually used. So if american express is coming out with some type of unique targeted offer that only a couple people are getting, you want to increase your chances the most and to do that, you just got to use a couple more offers and guys keep in mind. This is all free stuff. All this costs.

You is just a little bit of time, not even that much so go ahead, use your american express offers and if you see anything that you plan on maybe going on a date night out on these are all free ways for you to save money. With the credit cards that you have easy ways to maximize the cash you get don't forget about amex offers free value now. Another thing i wanted to discuss in this video was actually talk about the increased welcome bonuses that we recently heard of from some of american express's, most popular and staple cards, so the american express gold card has a new public offer instead of 35 000. Mr points they're, offering you 60 000 mr points within a six month time span of four thousand dollars in spend.

That is absolutely insane. Not only one are you getting a higher welcome bonus than most people got when they first signed up for the revamped version of the gold card, and also the rose gold card for any of my ogs that remember that one now they are increasing that minimum spend Requirement time as well, but guys three months to six months, is a very long time for anyone to reach that minimum spend requirement to achieve this. Welcome bonus for this card. I definitely wouldn't sleep on this offer and if you're someone who's been hesitant about getting the gold card, this is definitely a good enough offer for anyone right now.

Looking to sign up for a card like that now, aside from the sixty thousand and six months, spend offer we're also seeing another one. This alternative offer offers you 35 000, mr points, but they're actually going to be giving you 250 back and the way this works is every time you spend money, they're going to give you 10 off of that total amount until you get 250 back in savings. Now, personally, for me, i would still go with the 60 000. Mr points, because i know i can find more value than the one cent a one point redemption.

But if you really don't value mr points at all, and you think cash back is a lot easier to get, then this might be a little bit better for you. But if we're talking about points of miles, credit card and math, the 60 000 is just much better because you have the potential of opening that up and getting a way better redemption towards the end. Now, like i mentioned earlier in this video, it's not just the gold card that we're seeing among american express's cards that are getting increased. Welcome, bonus incentives, the american express platinum card at an original 60 000.

Mr points is getting a 75 000 increased welcome bonus. If you spend 5 000 in the first three months now with this card they're, not extending the welcome bonus. Minimum spend requirement like with the gold card, but this is still much better than your normal offer and if you can still get an additional 10 or 15 000. Mr points, that is still not bad, but we also have to keep in mind with the platinum card.

They do have the 100 000 point offer somewhere out in the world. Usually in order to get this, you have to use the card match tool and just in case you want to check it out. I will have a link to the card match tool down below. In the description, if you want to shoot your shot and see, if maybe you can get that 100 000 platinum bonus, but in this case it's still better than the normal rate, i would still include it in there as a better increase.

Welcome bonus because it, it is an increased welcome. Bonus now also did want to mention the blue cash everyday card. So this is a no annual fee credit card with american express it's the ones. I recommend, if you are starting out as a beginner with this card, you can find yourself getting 200 back instead of 150 if you spend 1 000 in the first three months.

It also has a no intro apr promotion of 15 months and it's a great beginner card and if you're someone who is in a very tight financial situation right now, this may actually be one of the best cards. You can add to your wallet just because you may be very late into the game. I would never overlook some of these basic credit cards. They could be some of the best staples that you add to your wallet and not have to worry about after you get the welcome bonus with cards like this.

It's such an easy way to get free cash back, and the only thing i would be mindful of is the limit of how many cards you can actually hold with american express if you're at your fourth card and you're about to go to your fifth, definitely reconsider That type of move but hey, if you only have one or two cards with them and you're, trying to add a little bit more. This is something i would consider doing and if you wanted to, you could always downgrade or cancel the card anytime ahead in the future. Now i wish i had more things to talk about with chase but um ever since they added the peloton feature, which i i can't believe that they thought that was such a great idea. I don't think anything has changed with the sapphire cards.

There isn't really much to talk about with chase uh. The freedom flex card is still a great card. They are still doing the same promotion that they've had since they released that card, and that's that's pretty much it the chase, freedom flex card. You all need to apply for this card, it's just a great card at the moment.

The welcome bonus is great. The the five percent grocery store back is great. It's just a great card, so if you have not yet applied for the chase freedom flex card, i definitely would consider doing that soon, especially before chase decides to lower the welcome bonus incentive again or or bring it back to the normal industry rate. Also.

One last thing: let's talk about business credit cards, because a lot of you guys are also very curious about the current approval rates for those with business credit cards. The data points are showing that current approval rates are continuing to increase week by week. I'm hoping by the end of the first quarter of 2021 we're gon na be able to see things return back to normal to the way it was pre-pandemic. At the moment.

I can't give an exact number, but i would definitely say it's between 50 to maybe 60 70 of what it used to be so they're, not just denying all new applicants right now, they're, considering a lot of people they're placing a lot of people under review. But this is still much better news than what we were hearing a few months ago, where banks like chase were just absolutely denying everyone automatically if you're denied for a business card a few months back. I would reconsider trying to apply for this card sometime soon and if you do do that, make sure that you have the proper information so whether you have a business checking account, you have your ein on deck or you have your legal entity formed. Just have your basics: i've made a lot of business credit card videos.

So all the details are in those as well, but just have the basics. You'll be good. So, thank you all so much again for watching another video, if you guys have not yet subscribe to the channel, don't forget to do that. Don't forget to check out the links down below in the description.

Follow me over on instagram credit, brian and don't forget to join our facebook group, if you guys have not done so already, but thank you all so much again for watching and until next time, peace out. So the american express gold card is showing a new offer where, if you're spending four thousand dollars within six months and keep in mind, usually it's a three month. Industry standard, uh.