Are you a business owner looking for a credit card that offers flexible rewards and perks? Look no further than the American Express Business Gold Card. With its unique features and benefits, this card can be a game-changer for your business.
Customize Your Rewards Over Time
The American Express Business Gold Card stands out because it allows you to earn bonus rewards in different categories from one billing cycle to the next. You can earn 4x points on up to $150,000 per year in spending across two categories that you spend the most on each month. This means you have the power to customize how you earn rewards over time. Whether your business spends heavily on advertising, electronics, restaurants, gas stations, transit, or wireless telephone services, this card has you covered.
High Earning Potential
With the American Express Business Gold Card, you can earn a substantial welcome bonus of 70,000 Membership Rewards points after spending $10,000 on eligible purchases within the first three months of card membership. These points can be a valuable asset when it comes to booking travel or transferring them to a range of Amex airline and hotel partners.
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Pros and Cons of the American Express Business Gold Card
Pros:
- Sizable welcome bonus
- Earns 4x points in popular spending categories over time
- Earns 3x points on eligible travel purchases
- Up to $395 in available statement credits per year
- Comes with a few travel insurance benefits
- No preset spending limit
Cons:
- High annual fee of $375 (beginning Feb. 1, 2024)
- $150,000 spending cap in top bonus categories each year
- No luxury travel benefits
- Statement credits sometimes hard to use
- Requires good to excellent credit
- Have to pay in full for some purchases
- No balance transfer option
Who is the American Express Business Gold Card for?
The American Express Business Gold Card is ideal for business owners with good to excellent personal credit who want to earn flexible rewards for travel. It’s perfect for those who spend a significant amount in the card’s bonus categories and can take advantage of the available statement credits. Additionally, if your business requires a high purchasing power without a preset spending limit, this card is a great fit.
Rewards Rate and Fine Print
The American Express Business Gold Card offers a rewards rate of 4x points on up to $150,000 spent annually in your two most popular spending categories each billing cycle. You can also earn 3x points on prepaid airfare and hotel stays booked through AmexTravel.com, and 1x points on all other purchases. However, keep in mind that some purchases need to be paid in full each billing cycle, while others can be paid off over time.
Additional Hidden Perks
In addition to its earning potential, the American Express Business Gold Card also comes with several hidden perks. These include flexible business credits, Walmart+ membership credits, cellphone protection, trip delay insurance, baggage insurance, a Global Assist hotline, The Hotel Collection benefits, purchase protection, and extended warranties. These perks can enhance your overall experience and provide added value to your business.
Comparing Card Alternatives
While the American Express Business Gold Card offers impressive benefits, it’s essential to consider other business credit card alternatives. Cards like the American Express Platinum Card and the American Express Gold Card may have lower annual fees and offer flexible rewards that can still meet your business needs.
Bottom Line
If your business spends a significant amount in the card’s bonus categories each year or can maximize the statement credits offered, the American Express Business Gold Card can be a wise choice. However, make sure to compare it with other top business credit cards based on their rewards rates, welcome offers, perks, and fees to find the perfect fit for your business.
For more information and expert advice on personal finances, visit the Personal Finances Blog.