The American Express Business Gold Card is one of the best business cards in the industry. Its primarily for business owners who have heavy spend in its bonus categories. Business owners who want a charge card instead of a revolving credit card will also like this card.
In 2018, I got this card to earn points on advertising expenses for a short-lived bookkeeping business. But I realized that bookkeeping was not for me after getting my first client. I also found that the categories were no longer suitable for me when I closed the business and started Play Your Cards Right.
Is this business charge card suitable for you?
The Business Gold Card earns 4x Membership Rewards (MR) points on two categories of choice (for the first $150,000 in purchases). It also earns 2x points on the remaining categories and one point on all other purchases.
The categories to choose from are:
- Advertising (TV, radio, and online only)
- Airfare (booked directly with the airline)
- Select Computing Merchants
- US Gas Stations
- US Restaurants
The Business Gold Card has a sign-up bonus worth 35,000 MR points. You can earn the points by spending $5,000 in the first three months. Amex is also offering a free one-year G Suite Basic membership for up to 3 users and a one-year membership for ZipRecruiter Standard.
This card has an annual fee of $295 (NOT waived the first year).
Earning points is fantastic, but points earned are useless if you cannot redeem them for anything of value. Amex has multiple options for redemption:
American Express’ 22 transfer partners are this card’s most valuable redemption option. They are the reason why points and miles enthusiasts love the Membership Rewards family of credit cards so much. Amex transfers points at a 1 MR to 1 partner currency ratio unless otherwise noted.
- Choice Privileges
- Hilton (1 MR = 2 Hilton Honors Points)
- Aer Lingus
- Aero Mexico (5 MR = 8 Premier Points)
- Air Canada
- Air Italia Millemiglia
- Asia Miles
- Avianca Lifemiles
- British Airways
- Delta Airlines
- El Al Israel Airlines (50 MR = 1 Matmid Point)
- Etihad Guest
- Hawaiian Airlines
- JetBlue (5 MR = 4 TrueBlue Points)
- KLM Flying Blue / Air France
- Nippon Airways
- Singapore Airlines
- Virgin Atlantic
Your mileage may vary for each partner. But for most partners, you should be able to easily redeem your points for at least 1.5 cents per point (CPP).
Amextravel.com is Amex’s travel website that can be used to book hotels and flights. Amex will give you back 25% of the points paid to pay for your flight.
I do not recommend redeeming for gift cards, merchandise, or statement credits. This is because you will earn less than 1 CPP using these options. If cash back or gift cards are what you want, this card is probably not for you.
While the Business Gold Card doesn’t have the benefits of the Business Platinum Card, Amex doesn’t leave card-members empty handed. As a mid-tier travel card, the Business Gold Card includes many great benefits to make life easier when away from home.
After booking a hotel room through amextravel.com and using your Gold card to pay for everything, you will receive a $75 statement credit and a room upgrade. The room upgrade could be worth hundreds of dollars (and possibly justify the card’s annual fee), depending on where you stay.
Most business owners know that programs like QuickBooks are very helpful for your business’ financial organization. As a Gold card-member, you can connect your card to your business’ QuickBooks account. I used this feature when I had my bookkeeping business.
Pay Over Time
This feature enables you to finance larger expenses over time for a high interest rate. Amex automatically enrolls you in this benefit with the Business Gold Card. This is not the case for any of their personal charge cards.
Amex gives you the opportunity to give employees cards. Additional Green Cards have no annual fee. And additional Gold Cards have an annual fee of $50 (waived the first year) for the first one and no annual fee for more.
This benefit covers up to $500 for checked bags and $1,250 for carry-on bags.
You will receive an extra year of warranty on purchases with warranties of 5 years or less.
Amex covers roadside assistance issues up to four times per year if you find yourself stuck on the side of the road. If you don’t have AAA, this benefit could be very powerful.
Secondary Car Rental Insurance
This benefit covers the entire loss, damage, or theft of your car rental after your regular insurance’s policy kicks in.
No Foreign Exchange Fees
You will save 2.7% on all purchases made outside the United States with the card.
Global Assist Hotline
This benefit is a phone number that you can call if you’re stuck more than 100 miles away from home. Amex will give you access to various emergency services to help you.
If you’re unhappy with a purchase, this benefit helps you get your money back. Amex is the best in the industry in helping cardholders with returns.
Rules & Regulations
This card is subject to Amex’s Once Per Lifetime Rule, which states that you can only receive a sign-up bonus on any card once ever. Wait until you see a targeted bonus to apply.
If the Business Gold Card is not right for you or your business, check out these alternatives:
Chase Ink Business Preferred
Chase’s top business card is one of the best alternatives to the Business Gold Card. The Ink Business Preferred earns 3x Ultimate Rewards (UR) points on general travel, shipping purchases, internet, cable and phone services, and on online advertising purchases. Like the Gold Card, all categories have an annual limit of $150,000.
This card has a $95 annual fee (NOT waived the first year), which is about 1/3 of that of the Business Gold Card. It also has a huge 80,000-point sign-up bonus. Chase’s largest overall sign-up bonus can be yours after spending $5,000 in the first 3 months.
The Ink Business Preferred is the better card if you prefer Chase’s travel partners and spend heavily within its categories. Conversely, the Business Gold Card is better for those who like Amex’s partners more.
American Express Blue Business Plus
The Blue Business Plus card is very simple and very generous. It earns 2x MR points on the first $50,000 spent annually and only one point on all spend after the $50,000 mark. That means you can earn up to 100,000 MR points per year. The Blue Business Plus has no annual fee and it’s a traditional credit card. It also has no public sign-up bonus.
This card is better for smaller businesses and those that don’t have steady cash flow. Furthermore, it’s better for businesses with varied spend and those with less than $50,000 per year in expenses.
The American Express Business Gold Card is a great choice for entrepreneurs and business owners who spend heavily within the bonus categories and can use Amex’s travel partners. If you have a medium-sized travel budget and you don’t want major benefits, this card is great.
Because I closed my bookkeeping business, I didn’t have the opportunity to really maximize this card’s benefits and earning structure. However, I got to use it for three months and try it out. In the end, I decided to upgrade to the Business Platinum Card because of its extensive benefits.
Apply Today: American Express Business Gold Card