Whether you are a small business owner or just have some revenue-generating projects on the side, the Business Gold Rewards Card from American Express, a CreditCardForum advertising partner, can be an essential financial tool in your small business toolbox. There are layers of benefits included with this card which warrant research to comprehend and fully take advantage of what this card has to offer.
The Membership Rewards program: Legend has it that this is the “gold standard” when it comes to cardholder reward programs, so it’s only fitting that the AmEx Business Gold Card participates in it. In 2015 Amex launched an enhanced version of the reward program, making it more generous than ever before and allowing flexibility so you you can optimize your enhanced earnings:
- Welcome Offer: Earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card Membership
- Get 3x points - Choose 1 out of 5 categories
- Plus, 2X points on the 4 remaining categories and 1X points on other purchases
- 3X and 2X apply to the first $100,000 in purchases in each of the 5 categories per year, 1X point per dollar thereafter
- Track, organize, and stay on top of your business expenses with powerful expense-tracking tools
- No foreign transaction fees
- $0 introductory annual fee for the first year, then $175
- Terms and limitations apply
- What’s most unique is that your Membership Rewards points can be transferred to nearly a dozen airline frequent flyer programs, on a 1:1 basis with most of them… essentially making it the ultimate airline card. Participants include Delta, British Airways, Frontier, JetBlue, Virgin Atlantic, Virgin America, Air Canada, AeroMexico, Cathay Pacific, EL AL Israel Airlines, Air France & KLM, Hawaiian, Singapore, and others.
- Use your points for other travel including hotels, cruises, rental cars and much more.
- Cash out your points for gift cards and merchandise from over 500 different partners.
- Use points for entertainment including Ticketmaster tickets and dining.
- Of course you can always convert points to statement credits (but going this route yields a low value, so I don’t recommend it).
And when it comes to redeeming your points, nobody beats what the American Express Business Gold Rewards Card can offer you:
OPEN Savings: In addition to the points you normally earn, you can also earn additional points automatically when shopping at OPEN Savings partners like Hyatt, Hertz, HP Home & Office Store, the Barnes & Noble website, and others. Here are a couple of my favorite examples which I find the most useful, since these are places I actually spend money on a regular basis…
(note that OPEN Savings partners, terms and conditions are subject to change without notice)
Travel Benefits: On eligible travel purchases made with the card, enjoy complimentary car rental loss and damage insurance, travel accident insurance, and emergency replacement of your American Express Business Gold Card. Please consult issuer for the rules and restrictions associated with each benefit.
Purchasing Benefits: Eligible purchases include the extended warranty benefit, purchase protection for the first 90 days against theft and accidental damage, and the absolute best dispute resolution (they have saved me many times when I’ve had a dispute with a merchant).
Roadside Assistance: Why bother paying for an AAA membership? This card gives you up to 4 calls per year for roadside assistance (up to $50 worth per call).
Account Benefits: Advanced online statements breakdown your expenses and the year-end summary can simplify your accounting. Authorize someone to manage your Gold Card account and you can order secondary cards for your employees.
If you have been contemplating this card, now is the time to get it. It is not always available and has recently be re-launched with even more features. With this promotional offer you get a 50,000 Membership Rewards points along with a $0 intro annual fee for the first year, then $175 (something else which historically, has not always been offered).
This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by American Express.
This review was written or last updated September 15, 2016