“Membership has its privileges.”
That original American Express tagline still defines most of its card offerings -- and if you’re primarily looking for luxury level travel privileges and perks The Platinum Card® from American Express may well be the ideal card for you.
If you’re looking for the best card for Facebook ads, it isn’t.
I’ll tell you why in a minute.But first let’s look at The Platinum Card® from American Express.
The Points Guy gives this card a 4.5 out of 5 stars rating. A big part of the draw right now is the 75,000 welcome bonus offer that’s worth $1,500 -- which works to offset the card’s hefty $550 annual fee.
Great for those who value gas, groceries, and showering in airports.
Another component of the welcome off is that for the first six months of card membership, you can earn 10x points at U.S. gas stations and grocery stores on up to $15,000 of combined purchases.
That’s in addition to the card’s core travel benefits such as
Best of all, you can use those hundreds of thousands of points you earn for -- wait for it…
Travel! Which is not necessarily a bad thing if that’s what’s most important to you and your Facebook advertising agency…
…..as opposed to maxing out your ad spend on campaigns that are crushing it for you and your clients.
If your ad spend is $10K a month or more
The Platinum Card® from American Express*
• Earn a Welcome Bonus of 75,000 Rewards Points plus 10x points at U.S. gas stations and grocery stores on up to $15,000 of combined purchases in your first 6 months of card membership then…
• Earn 5X on flights
• Earn 5X on prepaid hotels
• Earn 1X on everything else
(including Facebook ad spend)
Earning huge amounts of cash back to buy more ads is better than racking up hundreds of thousands of travel and dining points you’ll probably end up never using.
Credit Limit is Limited
If you're scaling aggressively, you’re paying down multiple cards multiple times a week.
Compare that to AdCard. We underwrite your accounts every single day to ensure you have the highest limits and the maximum amount of float. That means no pre-payments prior to weekends when you want to have the cash to step on the gas.
Credit Limit is Unlimited based on ad spend. The more you spend the higher your limit so you can scale your business fast without depending on or affecting your FICO score
Qualification is based on whether or not you’ve opened 5 or more credit card accounts in the past 2 years.
No worrying or wondering if you’ll get approved.-- or dinging your credit score.
Qualification is based on having a monthly ad spend of $10,000 or more -- Not based on FICO score
Get up to 3 additional physical cards with the same account number for $175.
Get additional physical cards beyond that with the same account number for $175 each
if one of multiple accounts you’re paying with the
gets banned -- they ALL get banned.
AdCard gives you unlimited virtual cards for ads, each with a unique number, name and address for each ad account, business manager, campaign to avoid a total shutdown if one account gets banned.
Get an unlimited number of debit and virtual cards for ads -- each with its own
unique number, name and address.All with No Annual Fee or additional costs.
15.99% to 20.99% based on your creditworthiness and other factors as determined at the time of account opening.This APR will vary with the market based on the Prime Rate.
AdCard is automatically paid off as you go so APR is Irrelevant.
$505 Annual Fee for the First Card.
Additional fees for additional cards.
Why pay an annual fee when you don’t have to?.
NO Annual Fee
Personal Guarantee Required
Absolute BEST benefit according to The Points Guy:
With AdCard, you’re not risking your house or credit score
NO Personal Guarantee Required
Absolute BEST benefit according to EVERY ADVERTISER who uses it to buy Facebook ads.
Compared to earning up to 4% unlimited cash back on Facebook ad spend, getting free flight and hotels seems like...not the smartest business move.
Tens of thousands of dollars (even millions if you’re spending a ton) CASH BACK from this credit card for Facebook ads to plow back into spend.
The average small business has 5 credit cards with a balance of about $32k that they have to keep track of. There’s a better way than rotating through dozens of low limit credit cards to get the funding you need to scale when you can get it all with AdCard -- the best card for Facebook ads with the high limits and more you need to grow your business.