For small business owners, the American Express® Business Gold Card offers you the opportunity to earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.
Cardholders earn 4 Membership Rewards points per $1 spent in 2 bonus categories where you spend the most each month, up to $150,000 spent.
These bonus categories are catered for business owners, featuring airfare, advertising, gas stations, restaurants, shipping, and computer technology. Unfortunately, it comes with a $295 annual fee that is not waived the first year (see Rates & Fees).
Editor’s Note: If you have a side business such as selling on eBay, Craigslist, or do freelance work, then your business is called “sole proprietorship.” Simply use your name as business ID and Social Security number as tax ID.
American Express Business Gold Card Summary
The American Express® Business Gold Card offers 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.
You'll earn 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.*). In addition, you'll get an airline bonus; 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.*
This card does carry a $295 annual fee, but no foreign transaction fees. (See Rates & Fees)
Earning Membership Rewards Points
The Amex Business Gold card earns 4 Membership Rewards points per $1 spent on the first $150,000 in combined annual purchases made in 2 of the following categories:
- Airfare purchased directly from airlines
- U.S. advertising, U.S. gas stations (including fuel and non-fuel)
- U.S. restaurants, U.S. shipping (including UPS and FedEx)
- Computer technology (including hardware, software, and cloud computing services)
The $150,000 is a very high spending cap, so cardholders shouldn’t have much trouble earning a large number of Membership Rewards points at a high rate.
All other purchases earn an unlimited 1 point per $1 spent, including purchases in the 2 bonus categories after meeting the $150,000 annual spending cap.
Your points don’t expire as long as your account is open. In addition, there are no limits to the amount of points you earn.
Redeeming Membership Rewards Points
Membership Rewards points earned can be redeemed for general merchandise, travel, transportation (including Uber rides), gift cards, and statement credits.
Redemption minimums start at 1,000 and vary by redemption method. Generally, Membership Rewards points are worth 1 cent apiece when redeemed for merchandise.
When redeeming for statement credits, they’re worth way less than that. You can also transfer points to one of American Express’s 16 partner airlines.
I highly recommend redeeming your points for travel. As an Amex Business Gold card member, you earn a 25% bonus when you redeem points for eligible travel purchases, including airfare, through the American Express Travel portal.
Therefore, your points earned with the Amex Business Gold card are worth 1.25 cents apiece when redeemed for airfare. This makes them much more valuable than the average rewards card value.
American Express Business Gold Benefits
The Amex Business Gold card comes with standard travel and purchase protections.
These include 24/7 global assistance, 24/7 roadside assistance, baggage insurance for stolen or damaged luggage, and extended warranties on all purchased items with original warranties of five years or less. Some other benefits you should know about are:
- No Foreign Transaction Fee. The Amex Business Gold doesn’t have a foreign transaction fee (see Rates & Fees), a nice perk for cardmembers who travel outside the U.S. often. Many competing business cards charge up to 3%.
- No Charge for Roadside Assistance. Many cards offer roadside assistance benefits. However, it’s usually a business trick, since you’re responsible for whatever charges you might incur. The Amex Business Gold card actually pays for services rendered, up to four times in a calendar year. This includes towing (up to 10 miles), a jump-start, and tire changes.
Take advantage of what the American Express® Business Gold Card has to offer. Small business owners earn 4 Membership Rewards points per $1 spent in 2 popular spending categories, up to $150,000 spent.
These programs will allow you to grow your business even more.
If you can utilize all the perks this card has to offer, the $295 annual fee won’t be much.
Check this card out if you want some amazing perks and benefits. Or if you’re not interested, find our complete list of credit card promotions today!
Please visit americanexpress.com/benefitsguide for more details.
Underwritten by New Hampshire Insurance Company, an AIG Company.
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