Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.
The American Express Business Gold Card offers solutions to meet business needs. For instance get more rewards with 4X points on two select categories where you spend the most each month, plus earn 1X on other purchases!
Once approved, you have the opportunity to earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.
 |
Additionally, the annual fee for this card is $295 (see Rates & Fees).
On top of this great opportunity to earn rewards for where your business spends most, you can earn a 25% airline bonus (25% of those points back) when you book your flight with American Express Travel using Membership Rewards® Pay with Points!
* You can also compare the American Express Business Gold Card with other credit card bonuses!
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axox Bank Basic Business Checking | $100 Cash | Review |
Table of Contents
Amex Business Gold Card Summary
| Bonus Available | Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership. Terms Apply. |
| *Bonus Value | $1,400 |
| Travel Credit | No travel credit |
| Ongoing Benefits/Rewards |
4x points per $1 spent on top 2 categories your business spent the most on for the billing cycle on up to the first $150,000 each calendar year. These categories include:
1x points on all other purchases. Earn a 25% points back when you book your flight with American Express travel using Membership Rewards Pay with Points – up to 250,000 points back per year. |
| Foreign Transaction Fees? | None (see Rates & Fees) |
| Airport Lounge Access | Not available |
| Annual Fee | $295 (see Rates & Fees) |
* Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer.
View the latest valuations here.
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
PROS
- Welcome Bonus
- Flexible bonus categories
- Points rebate
- Transfer partners
- No foreign transaction fees
CONS
- High Annual Fee
- Good-Excellent credit needed to qualify
- Capped rewards
Editor’s Alternate Pick
 The The Business Platinum Card® from American Express has a welcome offer of 100,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first 3 months of Card Membership. You'll also earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. In addition, you'll get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year. If you use your Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, you can get 35% of the points back, up to 500,000 bonus points per calendar year. PAY OVER TIME OPTION: A flexible payment option to help manage cash flow on purchases of $100 or more. This card does come with a $595 annual fee. (See Rates & Fees) Now, you can earn up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply. |
Amex Business Gold Card Welcome Bonus
Be sure to take advantage of the Business Gold Card’s 70,000 Membership Rewards® points.
Here are some ideas on meeting the spending requirements:
| • Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well. |
| • Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank. |
| • Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't. |
| As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance. Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes. |
| |
What Are Membership Points Worth?
The value of each point depends on how you redeem them; each Membership Rewards Point is valued to be at around $0.02, which is much better than the standard industry value of $0.01. In order to reach this value per point, you will need to take advantage of the program’s travel partners.
So, below is a list of options of how you can redeem your Membership Rewards points:
| Redeem for… | Value |
| Travel via Amex or Expedia | $0.005 – $0.01 / point |
| Transfer to travel partners | Varies by partner |
| Statement credits | $0.006 / point |
| Merchandise | Varies by retailer |
| Unique experiences | Varies by venue |
| Gift cards | Varies by retailer |
| Charity donations | $.007 / point |
When you book your flight with American Express Travel using Membership Rewards® Pay with Points, you get 25% of those points back. To clarify, you can get up to 250,000 points back per calendar year.
As a result, I highly recommend redeeming your points for travel. As an Amex Business Gold card member, you earn a 25% bonus when you redeem points for eligible travel purchases, including airfare, through the American Express Travel portal.
Therefore, your points earned with the Amex Business Gold card are worth up to 2 cents apiece when redeemed for airfare. This makes them much more valuable than the average rewards card value. Consequently, see below which travel partners you can transfer your points to in order to maximize the value of your Membership Rewards points.
Membership Rewards Airline Partners
Membership Rewards Hotel Partners
Bottom Line
Although the annual fee is a little higher than average, the American Express Business Gold card attracts many business owners who appreciate having their bonus categories automatically adjusted to their company’s spending. Therefore, the benefits far outweigh the what seemed to be a high annual fee!
This card also offers extensive benefits such as exclusive access to Gold Card events, purchase protection, extended warranty, travel insurance and so much more. Additionally, with an established business, it’s nice to have a card in your portfolio that allows you to take control with your point earning categories.
You can continue your daily operations knowing that American Express is here to offer you the best. In addition, for more of the best business credit cards, check out our full listing. Similarly, if you are interested in other credit card bonuses, check out all our reviews and exclusive offers here on HustlerMoneyBlog.com.
If you’re looking for an account to store your money while earning a competitive interest rate, we recommend you check out the American Express High Yield Savings account.
|
What’s the Competition?
To sum up, below are some of the top competitors of the Amex Business Gold Card that you should consider:
 The Chase Ink Business Preferred Card offers 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
The The Business Platinum Card® from American Express has a welcome offer of 100,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first 3 months of Card Membership. You'll also earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. In addition, you'll get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year. If you use your Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, you can get 35% of the points back, up to 500,000 bonus points per calendar year. PAY OVER TIME OPTION: A flexible payment option to help manage cash flow on purchases of $100 or more. This card does come with a $595 annual fee. (See Rates & Fees) Now, you can earn up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply. |
 The United Business Card offers up to 150,000 bonus miles. Earn 75,000 miles after you spend $5,000 on purchases in the first 3 months your account is open. Earn an additional 75,000 miles after you spend $20,000 total in the first 6 months. You can also receive 5,000-mile better-together anniversary bonus when you have the United Business Card and a personal United credit card. You'll earn 2X miles per $1 spent on United purchases, dining (including eligible delivery services), at gas stations, office supply stores, and on local transit and commuting; 1X mile per $1 spent on all other purchases. The card does carry a $99 annual fee, however, you're able to save up to $140 per round-trip with a free checked bag. In addition, you can enjoy priority boarding privileges and have the opportunity for two one-time United ClubSM passes each year — Over $100 in value per year. Also, enjoy $100 annual United travel credit after 7 flight purchases of $100 or more. |
 The Capital One Spark Miles for Business offers a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening. Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy and you can earn 2 miles per $1 on every purchase. And 5X miles on hotel and rental car bookings through Capital One TravelSM using a Spark Miles card There is an annual fee of $95, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions. |
See Rates & Fees of the American Express Business Gold Card.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.
Leave a Reply