Home » Credit Card Reviews » The Business Gold Rewards Card from American Express Review

The Business Gold Rewards Card from American Express Review

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Jul 24, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Customers the card is best for

The American Express® Business Gold Card is a stand-out card for businesses that want to earn a good rate on typical business purchases and enjoy numerous benefits. Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month*. The additional card benefits are great and include ways to manage expenses, have added protection when traveling, and enjoy exclusive events. When it comes to the foreign transaction fee, there is none, making this card good for businesses that travel abroad.

This card isn’t for businesses that want to earn rewards without an annual fee. There is a $295 annual fee. Check out business cards with no annual fee. Also, businesses that want to carry a balance or utilize a 0% intro period should look at other cards that offer 0% intro periods since this is a business charge card and therefore isn’t designed for businesses intending to carry a balance.

  • $500 back in the form of statement credits by purchasing qualifying services with FedEx using your American Express® Business Gold Card within the first 3 months of Card membership. | Limited time Offer ends 11/06/2019.*

  • Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month*

  • No foreign transaction fees & many helpful business tools*

Highlights
  • Earn up to $500 back in the form of statement credits by purchasing qualifying services with FedEx using your American Express® Business Gold Card within the first 3 months of Card membership.
  • Limited time Offer ends 11/06/2019.*
  • MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month**
  • **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
  • AIRLINE BONUS: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • PAY OVER TIME OPTION: A flexible payment option to help manage cash flow on purchases of $100 or more.*
  • Access to the Working Capital Terms program: get additional funding beyond what you can spend on Business Gold with this flexible funding solution designed to pay U.S. based vendor invoices directly when cards are not accepted.*
  • *Terms Apply
  • See Rates & Fees

See additional details for American Express® Business Gold Card

More Info

Where this card stands out in its category

In addition to offering a generous rewards program, this card has numerous perks, with something for every type of business. You can take advantage of exclusive entertainment access, OPEN Savings®, travel insurance, car insurance, expense management tools, and much more. See ‘Additional card benefits’ below for more detail.

Where this card falls short in its category

The American Express® Business Gold Card charges a $295 annual fee which is higher than some business cards. You can find business cards with no annual fee or with lower fees. But by choosing other cards, you may lose out on the perks and good rewards program provided by the American Express® Business Gold Card.

Additional card benefits*

The American Express® Business Gold Card offers many additional benefits for businesses:

  • American Express® Business App: Easily track spending and manage your card expenses by adding receipts and notes to your transactions. This can be done on your desktop or via a mobile device.
  • Account Manager: Assign a trusted employee or business partner to be an Account Manager on your business card account. They can handle tasks like reviewing statements, making payments, and disputing charges on your business cards, so you’re free to focus on other aspects of your business.
  • OPEN Forum®: Access business tools and advice from industry experts and other business owners to improve your business’s operations.
  • Connect to QuickBooks: You can link your account to QuickBooks for easier financial management.
  • Baggage insurance plan: When you use your card to purchase a common carrier ticket (plane, train, ship or bus), you may be covered for eligible lost, damaged or stolen baggage. Terms apply.
  • Global Assist® Hotline: Traveling over 100 miles from your home qualifies you for 24/7 access to numerous referrals and services — medical, legal, financial and more. You’re responsible for the costs charged by third-party service providers. Terms apply.
  • Premium roadside assistance: Call American Express for auto trouble, like flat tires, dead batteries or towing up to 10 miles. American Express will even pay for the emergency services (up to four times a year). Terms apply.
  • Travel accident insurance: Receive coverage of up to $100,000 for accidental death and dismemberment when you travel via plane, train, ship or bus and the entire fare has been charged to your card. Terms apply.
  • Car rental loss and damage insurance: You may be covered for damages or a stolen car when you use your card to pay for an eligible rental. Terms apply.
  • Exclusive entertainment access: American Express has various presales and exclusive events for ticket purchase. Choose Broadway shows, concert tours, family and sporting events and more. Offer valid in select cities. Terms apply.
  • American Express Preferred Seating: Access to exclusive seats for entertainment numerous events. Terms apply.

*Terms apply to American Express credit card offers. See americanexpress.com for more information.

How to use it most effectively

To benefit the most from the American Express® Business Gold Card, use it for all business spending and choose the business category that you spend the most in to earn 3X points. This can allow you to maximize your spending.

Employee cards are a great way to increase your rewards and come at no additional cost. You can set up spending limits for employee cards and even freeze and unfreeze individual cards. This is a good protection since you, as the business owner, are liable for all charges made to the account.

Rewards breakdown

The American Express® Business Gold Card allows cardholders to Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month*. Choose one of the five categories to earn 3X points: airfare purchased directly from airlines; U.S. purchases for advertising in select media; U.S. purchases at gas stations; U.S. purchases for shipping; U.S. computer hardware; software; and cloud computing purchases made directly from select providers.

Points can be redeemed for rewards from over 500 leading brands in travel, merchandise and entertainment, Pay with points at select online retailers or get gift cards, statement credit and more. Points can also be transferred to participating frequent-flyer programs. Note that for each conversion of points into the frequent-flyer program of a U.S. airline, a fee of $0.0006 per point, with a maximum fee of $99, will be charged to your account.

There is a Limited Time Offer for new cardmembers: $500 back in the form of statement credits by purchasing qualifying services with FedEx using your American Express® Business Gold Card within the first 3 months of Card membership. | Limited time Offer ends 11/06/2019.*.

Compare it with the American Express® Blue Business Cash Card

  • 0% for 12 months

  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%

  • 14.99% - 20.99% Variable

Highlights
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power§.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 14.99%, 17.99%, or 20.99%, based on your creditworthiness and other factors as determined at the time of account opening.

See additional details for American Express® Blue Business Cash Card

More Info

The American Express® Business Gold Card and the American Express® Blue Business Cash Card are both business cards provided by American Express, but they have different features. Businesses that want to earn rewards without paying an annual fee will benefit from the American Express® Blue Business Cash Card. By contrast, the American Express® Business Gold Card has a $295 annual fee.

When traveling abroad, the American Express® Business Gold Card provides more benefits. And as for foreign transaction fees? There are none. The American Express® Blue Business Cash Card, on the other hand, charges 2.7% of each transaction after conversion to US dollars.

If your business needs to carry a balance or wants to use a 0% intro period, the American Express® Business Gold Card isn’t a good choice, since it doesn’t have an intro period. However, the American Express® Blue Business Cash Card offers an intro APR on purchases of 0% for 12 months. Once the intro period is over, an APR of 14.99% - 20.99% Variable applies. Here’s a breakdown of the key features of each card.

  American Express® Business Gold Card American Express® Blue Business Cash Card
Annual Fee $295 No annual fee
Purchase Intro Rate N/A 0% for 12 months
Balance Transfer Intro Rate  N/A 0% for 12 months
Balance Transfer Fee N/A Either $5 or 3% of the amount of each transfer, whichever is greater.
Ongoing APR 15.99% - 23.99% Variable 14.99% - 20.99% Variable
Rewards Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month* Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%
Limited Time Offer* $500 back in the form of statement credits by purchasing qualifying services with FedEx using your American Express® Business Gold Card within the first 3 months of Card membership. | Limited time Offer ends 11/06/2019.* NA
Foreign Transaction Fee None 2.7% of each transaction after conversion to US dollars.

Bottom line

The American Express® Business Gold Card is a great card for businesses that has a solid rewards program, earning you a higher rate in one category of your choosing. Also, the additional perks offered provide added value that has something to benefit any business.


Recommended Posts:

Read More

IHG Rewards Club Premier Card Review

The information related to the IHG® Rewards Club Premier Credit Card has been collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication. The IHG® Rewards Club Premier Credit Card Sign-Up Bonus The IHG® Rewards Club Premier Credit Card has a good sign-up bonus: Earn 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening. What can you use the points for? We think IHG® Rewards points are worth about half a […]

Read More

July 10, 2018

Read More

Walmart MoneyCard Review

The information related to the Walmart MoneyCard®, Walmart Credit Card and the Walmart Mastercard has been collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication. These offers and/or promotions may have since changed, expired, or are no longer available. Frequent Walmart shoppers may have been asked to apply for one of […]

Read More

First Progress Platinum Select Mastercard Secured Credit Card Review

Who the card is best for Ability to build credit — but read the fine print. The First Progress Platinum Select Mastercard® Secured Credit Card is an OK card for people with poor/limited/no credit credit looking to build or rebuild credit. This card offers better approval odds compared with some other secured cards for people with fair or good credit, since First […]

Read More