Business Platinum Card from American Express
130,000 MR points
Video: How Does Your Credit Score Work?
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Business Platinum Card from American Express
- Earn 90,000 MR points upon spending $15,000 in the first three months
- Plus, earn 40,000 MR points upon making a purchase in months 14–17 as a cardholder
- And, earn 1.25x MR points on all purchases
- Also, receive a $200 annual travel credit
- Transfer MR points to Aeroplan and other frequent flyer programs for premium flights
- Unlimited airport lounge access for you and one guest at Priority Pass, Plaza Premium, Centurion, and other lounges
- Credits and rebates for business expenses throughout the year with Amex Offers
- Bonus MR points for referring family and friends
- Qualify for the card as a sole proprietor
- Annual fee: $799
2 Comments
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Thank you for posting. Some technical questions for you.
1. Credit utilization also include line of credits or just credit cards? The utilization rate calculated based on the total credit limit and balance of all credit products I have or every single credit product?
2. I heard going over 20% utilization rate is bad but also having 0% rate is worse. Is it true? I have some old credit card that never use but keep to control length of credit history.
Thanks!
Having a high utilization on one credit card can affect your score, even if the overall utilization is low. So it’s best to ensure you’re maintaining a reasonable utilization on all cards. Nonetheless, it’s also not the biggest deal in the world: if you have high utilization one month and bring it back down the next, your credit score will recover.
Having 0% utilization doesn’t help your credit score at all since it doesn’t demonstrate responsible credit usage, but I don’t believe it actively hurts you either. I think it’s fine to leave an old credit card open with zero balance, but it’s also good to sprinkle on a few charges every now and then if you can to let it contribute to the overall credit health.