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Forums Payment cards American Express Bluechain – Amex Premium Rewards & Billhop replacement?

  • Jonathans 119 posts

    Seems Amex have partnered with Bluechain judging by the email i received from them this week. Anyone here got any experience with using it yet?

    https://www.bluechain.com/#pricing

    NorthernLass 6,764 posts

    I’d never heard of them but it’s interesting that the fees are lower than Billhop! Hopefully someone will take one for the team and test it.

    Peter K 547 posts

    Thanks for the info. I’ve tried doing a little digging and I’m not sure if it’s only for SMEs?

    Jonathans 119 posts

    Thanks for the info. I’ve tried doing a little digging and I’m not sure if it’s only for SMEs?

    Not sure that is the case as during registration you can choose “For me” or “For my business” and there is some blurb about “If you are registering a business” so you may well be able to use it personally as well.

    TooPoorToBeHere 259 posts

    Thank you for this.

    The signup flow and payment flow is pretty poorly tested and flakey – signed me out a couple of times during onboarding & creation of the first payment, but it doesn’t *say* “You are logged out” – instead it just stops working or showing correct data as you click around the site, requiring a browser refresh to bring up the login prompt.

    Interesting that they require the business you’re paying to be chosen from a list of companies – doesn’t look like you could (for example) pay a Sole Trader with it – but they appear to have ingested the entire Companies House database.

    Their entry for HMRC is…suspicious. But it’s allowed me to add bank details to it.

    Exploratory £100 sent (for £2.30 fee) to corporation tax account. Let’s see what happens. Right now it’s showed the payment successfully created, but I haven’t had an email and the “activity” section of the site doesn’t show it. Pretty poor.

    zapato1060 557 posts

    Username doesn’t check out. Cheers.

    Jonathans 119 posts

    There is an offer on my Business Platinum, spend £3k get 10,000 MR points.

    TooPoorToBeHere 259 posts

    Transaction has posted to Amex card…

    amex statement

    …but not yet showing in HMRC corporation tax account
    (IME this usually takes a few days, I think it’s still old-school BACS not FPS)

    richo 13 posts

    Unusually the Amex fee is lower than the Mastercard/Visa credit card fee

    Peter K 547 posts

    Any update on this @toopoortobehere?

    TooPoorToBeHere 259 posts

    I’ve been checking every day and this morning it’s arrived:

    So, overall, cheaper and quicker than Billhop, but less polished and a bit of a pain if you have a bill from a provider that isn’t a UK entity that’s in their database.

    Peter K 547 posts

    Thank you for this 👌

    TooPoorToBeHere 259 posts

    Sadly, on the Amex statement today, the transaction has posted twice:

    I’ve raised this with Bluechain support and they were very quickly responsive, but it adds to the impression of the service being a bit immature.

    Peter K 547 posts

    Oh dear. Schoolboy error on their part.

    TooPoorToBeHere 259 posts

    Bluechain support were active & responsive over the weekend and I have now received a refund of the duplicated transaction.

    Jonathans 119 posts

    Anyone that used Amex Premium Rewards website previously will find the Bluechain website a breeze. It’s still a bit fiddly, but a million times better.

    Adding a company seems to result in a companies house search but they still require you to manually enter the bank account details. That said I’ve done a transaction which posted quickly to both suppliers bank and Amex card. The requisite points also posted perfectly as expected.

    Definitely will keep using this.

    executiveclubber 228 posts

    Does the 2.3% fee not wipe out the 1.5% return of an Amex BAPP, for example?

    Jonathans 119 posts

    2.3% less highest rate of CT is about 1.7% so it’s negligible. Plus 102 MR points in my personal name is more valuable to me than £1.72 in my business’s bank account.

    BLT 48 posts

    Doing the maths it seems a reasonable way for me to ensure I hit the 10k monthly bonus on the business platinum card every month.

    executiveclubber 228 posts

    Still lost on this. Paying an £8k tax bill costs £172 (“business expense”) via Bluechain for 12k Amex

    BLT 48 posts

    You can’t use Amex to pay HMRC via bluechain, only visa / Mastercard and that’s 2.5%. Only works for me in specific situations as the cost per point is too high.

    djfost 1 post

    You can’t use Amex to pay HMRC via bluechain, only visa / Mastercard and that’s 2.5%. Only works for me in specific situations as the cost per point is too high.

    I can confirm that this is now the case – tried today and Bluechain have stipulated no AMEX payments.

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