American Express® Business Gold Card Review

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A few months after the release of the refreshed American Express® Gold Card, Amex lifted the lid on its revised business counterpart, the American Express® Business Gold Card. The new card replaces a long-time favorite of the points and miles community, the Business Gold Rewards Card from American Express, and features a revised earning structure, bonus categories, lightly revamped perks and an increased annual fee.

American Express® Business Gold Card
American Express® Business Gold Card
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Rates & Fees
(Terms Apply)
American Express® Business Gold Card
Annual Fee$295
Welcome Bonus Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.
  • Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • 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
  • Rates & Fees
Get 4X Membership Rewards® points on the 2 categories where your business spent the most each billing cycle from the list below:
  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media (online, TV, radio)
  • U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
  • U.S. purchases at gas stations
  • U.S. purchases at restaurants
  • U.S. purchases for shipping

4X points applies to the first $150,000 in combined purchases from these 2 categories each calendar year; then earn 1 point per dollar.

To account for the higher annual fee, Amex has adjusted the bonus categories on the Business Amex Gold, increasing the return on business expenses to 4x Membership Rewards points per dollar on the two categories where you spend the most each month. Since the relaunch, Amex has experimented with multiple welcome offers including a traditional Membership Rewards® bonus as well as discounts and rebates with select providers of business services.

Business Amex Gold Welcome Offer

After a few underwhelming offers, the Business Amex Gold is back to its standard welcome offer of 35,000 Membership Rewards®  after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership. Terms Apply. While we have seen the bonus as high as 50,000 points, the current offer is far better than some of the recent offers that required spending with a specific merchant to earn a modest statement credit.

The Business Amex Gold can be a great asset if you can maximize its spending categories, but there are plenty of other small business cards out there with better welcome offers.

Points Earning Potential and Category Bonuses

The revised earning structure on the Business Amex Gold is a card highlight, and a big step up from what was offered on the Business Rewards Gold Card. Where you could earn 3x points on the category of your choice on the Business Rewards Gold Card, you’ll now earn 4x points per dollar on your top two spending categories each month, without the need to pick a category from the list. The two highest spending categories each month will automatically be assigned 4x points per dollar, on up to $150,000 per year in combined spending across bonus categories.

Amex has also added U.S. restaurants to the list of bonus categories, which now includes:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media (online, TV, radio)
  • U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
  • U.S. purchases at gas stations
  • U.S. purchases at restaurants
  • U.S. purchases for shipping

If you max out the 4x categories up to $150K each year, you’ll land 600,000 Membership Rewards points on your business expenses, an increase of 150K over the maximum you could earn on bonus category purchases each year on the Business Rewards Gold Card. If you conservatively value those points at 1.5¢ per piece, the additional points are worth a tidy $2,250 which more than accounts for the cost of holding the card over the long term.

If you want to tackle a multi-card strategy to maximise the points earned on business expenses, pair the Business Amex Gold card with The Blue Business® Plus Credit Card from American Express, which receives a solid 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. The Blue Business Plus charges no annual fee (Rates & Fees), making it the perfect companion card to the Business Amex Gold card and providing a minimum 2x points per dollar on your first $50K of business expenses each year.

Combine these two cards with The Business Platinum® Card from American Express, and you’ll get a minimum of 2x points on every dollar spent up to the first $50K, great bonus categories through the Business Amex Gold card, and industry-leading travel perks from the Business Platinum Card including top-tier lounge access and complimentary elite status in a bunch of top rewards programs! (Terms Apply)

Not familiar with the Membership Rewards transfer partners, or need some inspiration to help redeem your points? Check out some of our favorite sweet spots and transfer partners!

Business Amex Gold Feature Benefits

25% Airline Bonus via Pay With Points

The Business Amex Gold joins the Business Platinum Card in offering a rebate when using Amex’s Pay with Points program, however, providing a 25% rebate rather than the 35% offered on its Platinum stablemate. All first and business class flights qualify, and any economy fare booked on your pre-selected airline. As you're redeeming points for a cash ticket (Amex books these as a revenue fare), you’ll earn elite status credits and airline miles for flights booked through Pay with Points. This benefit is capped at 250,000 points rebated per year.

No Pre-Set Spending Limit

As a charge card, the Business Amex Gold doesn’t have a pre-set spending limit, allowing you to make substantial purchases on the card without hitting a pre-defined cap. Amex determines the purchasing power of your card by factoring in your previous use of the card, payment history, credit record, and the financial resources available to you, providing lots of flexibility for earning points on business expenses.

Pay Over Time Option

Where most charge cards require you to pay down the entire balance of the card each month, Business Amex Gold cardholders are automatically enrolled in Amex’s Pay Over Time program, which allows you to carry a balance (with interest) on purchases over $100.

Purchase and Travel Protection Benefits

Unlike its premium cousin, Business Platinum Card which features a stellar list of travel benefits, the Business Amex Gold focuses on points over perks, and the feature benefits aren’t particularly enticing. In addition to the perks listed above, cardholders receive an array of purchase and travel protection benefits including:

  • Extended Warranty
  • Purchase Protection
  • Return Protection
  • Baggage Insurance
  • Secondary Car Rental Loss and Damage Insurance
  • Roadside Assistance
  • Travel Accident Insurance
  • Access to Amex Offers

Application Restrictions

The Business Amex Gold card features the once per lifetime language for existing or previous cardholders, meaning you won't receive the welcome offer if you’ve held this card in the past.

“Welcome offer not available to applicants who have or have had this Card. We may also consider the number of American Express Cards you have opened and closed as well as other factors in making a decision on your welcome offer eligibility.”

The Business Amex Gold card is a charge card, allowing you to bypass another Amex application restriction, restricting you to five Amex credit cards at any one time. Even if you’ve maxed your five card limit out for Amex credit cards, you shouldn’t have any troubles getting an application approved for the Business Amex Gold card due to its status as a charge card.

It’s also a perfect card to apply for if you’re holding off on personal card applications to get back under 5/24. The Business Amex Gold card is a business card, and won’t count towards your 5/24 count as it doesn't show up on your consumer credit report across the 3 major bureaus.

Final Thoughts

The Business Amex Gold is a rewards focused card aimed at maximizing the number of points received from your annual business expenses, although it's a little light on benefits for the annual fee. The most recent welcome offer is a bit of a disappointment, providing 35,000 (Terms Apply) but only with a single merchant that may not be relevant for many businesses.

Still, the Business Amex Gold remains a great choice for those with high spend among the 4x categories. Paired with other cards in the Membership Rewards business card portfolio like the Blue Business Plus and Business Platinum Card, the Business Amex Gold can generate a lot of Membership Rewards® which remains an elite transferrable rewards currency.

If you're looking for a more exciting welcome offer, you might want to consider the Ink Business Preferred℠ Credit Card.

Ink Business Preferred℠ Credit Card
Ink Business Preferred℠ Credit Card
Annual Fee$95
Welcome Offer Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
The most valuable Ultimate Rewards signup bonus on offer and our top pick for small business rewards cards. Business owners earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. Plus, earn up to 450,000 points per year on a wide range of 3X bonus categories.
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee
  • 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
  • 1X point per $1 on all other purchases

For rates and fees of the cards mentioned in this post, please visit the following links: American Express® Business Gold Card (Rates & Fees), and The Blue Business® Plus Credit Card from American Express (Rates & Fees)

American Express® Business Gold Card Review
4.9 (97.5%) 8 votes
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