American Express Business Gold Card Review
Rates and Fees
Expense Management Tools
- American Express Business Gold Card Members can earn up to 4 points per dollar spent on the first $150,000 in purchases per calendar year.
- Some of the largest rewards programs in the United States accept the transfer of rewards from this card.
- Card Members have access to expense management tools.
- Has a $295 annual fee
- New American Express Business Gold Card Members must spend $10,000 within the first three months of account opening to earn the 80,000-point welcome offer.
American Express Business Gold Card Overview
The American Express Business Gold Card gives entrepreneurs a way to earn rewards while making daily purchases. Card Members earn 4 points per dollar spent on the first $150,000 in qualifying purchases made in two select categories each calendar year. American Express issues rewards at a rate of 1 point per dollar spent on all other purchases. There’s no limit to the rewards Card Members can earn and points never expire.
New American Express Business Gold Card Members can also earn an extra 80,000 points if they spend $10,000 within the first three months of account opening.
The $295 annual fee may make some potential applicants reconsider. This fee, though, is what gives American Express® Card Members access to exclusive benefits beyond the ability to earn rewards. These benefits include point rebates when booking flights and hotel stays through American Express Travel as well as access to expense management tools, extended warranties and purchase protection.
Key Features of the American Express Business Gold Card
Here’s a closer look at some of the key features the American Express Business Gold Card offers.
Though limited to the first $150,000 in annual spending, American Express Business Gold Card Members can earn 4 points for each dollar spent in their two most active categories. These two categories may include purchases made from:
- Select domestic advertising and media
- Specific computer hardware, software and cloud solutions providers
- Domestic gas stations
- Domestic restaurants
- Shippers located in the U.S.
American Express Business Gold Card Members will earn a point for every dollar spent on other purchases. Once that $150,000 annual spending limit’s met, they’ll also earn a point per dollar spent in their select categories.
Aside from that specific cap, American Express® Card Members aren’t confined to limits on the number of points they can earn, and their points will never expire.
American Express Business Gold Card Members get the biggest bang for their points when they redeem rewards through American Express Travel, receiving 25% of the points they use back with every redemption.
Those who aren’t interested in redeeming their points through American Express Travel have plenty of other options. American Express boasts the most point transfer partners compared to other U.S. credit cards. Card Members can transfer their American Express Membership Rewards points to Marriott Bonvoy, Delta Air Lines and British Airways, just to name a few.
The American Express Business Gold Card comes with an 80,000-point bonus when members spend $10,000 or more in their first three months of membership. While the bonus is generous, it’s only accessible to members who spend thousands of dollars each month on their cards.
Rates and Fees
Aside from its $295 annual fee, which some might consider a bit hefty, the American Express Business Gold Card offers a relatively competitive interest rate and fee schedule. Here’s a complete list of rates and fees.
|Rate or Fee||Amount|
|Standard Interest Rate||Variable, between 14.99% and 22.99%|
|Foreign Transaction Fee||None|
|Late Payment Fee||$39 or 2.99% of the late payment, whichever is greater|
|Returned Payment Fee||$39|
Expense Management Tools
American Express Business Gold Card Members have access to several expense management tools. These include:
- A year-end summary that organizes expenses
- Employee card management, with individual spending limits and expense report generation
- Automatic expense categorization in QuickBooks
- Online statements
- Expense management and business budgeting tools accessible through the American Express app
Other Features of the American Express Business Gold Card
Card Members who use the Business Gold Card have access to other features, too. The features include:
- Purchase protection: American Express covers products bought with the American Express Business Gold Card for up to $1,000 per occurrence of accidental damage or theft (or up to $50,000 per Card Member annually).
- Extended warranty: Card Members receive a warranty extension of up to one year on products purchased with their American Express Business Gold Card.
- Dispute resolution: American Express has a team that will work to resolve disputes surrounding fraudulent or incorrect charges on Card Member statements.
Comparable Credit Card Options for Business Owners
There’s no such thing as a one-size-fits-all credit card offer. Those who aren’t interested in the American Express Business Gold Card have a few choices to consider. Here’s a look at what those choices are.
Chase Ink Business Cash Credit Card
New Chase Ink Business Cash credit card members can earn a $750 welcome bonus when they make $7,500 in purchases during the first three months of account ownership. They can also earn 5% back on the first $25,000 spent at office supply stores and on internet, phone or cable services each year. Additionally, they can earn 2% cash back on the first $25,000 spent at restaurants and gas stations each year. Beyond that, Chase Ink Business Cash generates 1% back on all other purchases, with no limits or expiration dates.
Chase Ink Business Cash cardholders don’t pay annual fees, and they have access to a 0% promotional interest rate for the first 12 billing cycles. After that introductory period ends, a variable interest rate kicks in, ranging between 13.49% and 19.49%.
US Bank Triple Cash Rewards Visa Business Card
The U.S. Bank Triple Cash Rewards Visa Business Card offers a $500 welcome bonus to new cardholders who spend $4,500 within the first 150 days of account opening. It also offers 3% cash back for purchases made at gas and EV charging stations, restaurants and office supply stores and for cell phone services. Cardholders typically earn 1% cash back on all other purchases with no earning limits to the amount of cash back and no worries of expiring rewards.
With no annual fee attached, this card offers its members a $100 annual credit for use toward software like QuickBooks or FreshBooks.
The U.S. Bank Triple Cash Rewards Visa Business Card offers a 0% introductory interest rate for the first 15 billing cycles. Once that period’s over, that rate switches to a variable APR that ranges between 14.74% and 23.74%.
The American Express Business Gold Card: A Great Choice To Cover Recurring Expenses
The American Express Business Gold Card is mainly geared toward small business owners who use credit to cover their regular, recurring expenses. While that $295 annual fee might be a turnoff to some, business owners who rely on credit to cover monthly costs and expenses can quickly offset that amount with rewards. Moreover, business owners who make a large number of transactions every month or extend employee credit cards to their staff for business-related purchases will benefit greatly from the expense management features this card offers.
The American Express Business Gold Card is great for any business owner who uses their credit card to pay monthly bills and other related expenses. Those who don’t rely on credit to take care of monthly expenses won’t be able to adequately offset the American Express Business Gold Card’s annual fee and should instead consider the Chase Ink Business Cash credit card or the U.S. Bank Triple Cash Rewards Visa Business Card — neither has a yearly fee attached.
American Express Business Gold Card FAQHere are answers to some of the most common questions surrounding the American Express Business Gold Card.
- How do I get the American Express Business Gold Card?
- You can apply for the American Express Business Gold Card through the American Express website. Approval is subject to certain credit and income requirements.
- Is the American Express Business Gold Card good for small businesses?
- The American Express Business Gold Card is a good fit for small business owners who spend thousands of dollars on their credit cards monthly. Business owners who don't spend quite as much should look for other options that don't charge annual fees but still offer rewards and perks.
- Does the American Express Business Gold Card have a limit?
- While there's no preset spending limit on the American Express Business Gold Card, American Express does impose limits. Those limits are adaptive and do change over time. A Card Member's spending, payment and credit management habits generally determine the limit set on their account.
- Does the American Express Business Gold Card build business credit?
- American Express reports credit card account activity to all major credit bureaus. So when American Express Business Gold Card Members use their credit line responsibly, American Express card membership has the potential to help improve their business credit scores.
Information is accurate as of May 6, 2022.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by American Express.