American Express® Business Gold Card Review

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With the dust still settling following the release of the refreshed American Express® Gold Card, Amex has 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 of $295 (Rates & Fees).

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, (Terms Apply) and revised the welcome offer to provide complimentary business services in addition to a solid Membership Rewards®  bonus.

American Express® Business Gold Card

American Express® Business Gold Card

  • 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.
  • EXCLUSIVE OFFERS: Get up to 1 year free on subscriptions to both G Suite Basic for up to 3 users and ZipRecruiter Standard, a combined value up to $3,200.
  • PAY OVER TIME OPTION: A flexible payment option to help manage cash flow on purchases of $100 or more.
  • EXPENSE MANAGEMENT TOOLS: Connect to Quickbooks, access SpendManager℠, receive a Year-End Summary, and more.
  • Terms Apply
  • Rates & Fees

Business Amex Gold Welcome Offer

After initially relaunching the Business Amex Gold without a welcome bonus, Amex has returned this card to our list of top new-cardmember deals with a bonus of 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases within the first 3 months from account opening. In addition, Amex has included complimentary subscriptions to G Suite Basic for up to 3 users and ZipRecruiter Standard for up to one year, issued in the form of statement credits for purchases on the card in the first 12 months. If you can make full use of both subscription services, Amex claims the value to be $3,200.

Paying a G Suite Basic subscription for three members will set you back $15 per month ($5 per user), or $150 per year ($50 per user for an annual subscription). The ZipRecruiter Standard membership is the base subscription which will set you back a minimum of $249 per month, or $2,988 for the year. The complimentary G Suite provides only marginal value; however, if you currently use ZipRecruiter (or an equivalent service), a free subscription can save you plenty of cash.

Since the card initially relaunched without a Membership Rewards welcome bonus, the fact that the new offer still includes these business services is a huge win. If you don't have a use for either service, the current offer is still a solid value, but most business owners will accumulate far more points by leveraging the new earning structure.

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 Earn 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!

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-point rebate 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 revised welcome offer is a huge improvement, adding 35,000 Membership Rewards® points on top of services that could add $3,200 in savings for a subset of business owners. Although the welcome offer won’t be the primary motivator for those who don’t need the G Suite and ZipRecruiter subscriptions, the Business Amex Gold is an excellent overall package.

Paired with other cards in the Membership Rewards business card portfolio like the Blue Business Plus and Business Platinum Card, the Business Amex Gold allows cardholders to earn plenty of points across a wide array of spending categories, plus enjoy a host of perks to make travel more enjoyable.

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
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