35 Benefits of the American Express® Business Gold Card

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The American Express® Business Gold Card isn’t one of those showy new credit cards with a giant welcome bonus, hotel elite status, and airport lounge access (Priority Pass, Amex Centurion etc) — you’ll have to dig deeper to find the real value your business can use with this card.

Fortunately, for the right business, the value is definitely there. In fact, if your business can use the offered benefits, you can save thousands of dollars during your first year of card membership.

With that said, this card isn’t going to be valuable to all businesses.

Just like any business credit card, spending categories need to align, the benefits offered need to be those you will actually use, and you have to find enough value to offset the annual fee.

But with up to 4X earnings, rebates on airfare, and the ability to transfer points to travel partners, the card does offer plenty.

Could this card offer enough to make it a valued asset to your business?

Let’s take a look at all of the benefits offered by the Amex Business Gold Card and see if it delivers enough value for your particular business to justify applying.

Earning Valuable Membership Rewards Points

Earning rewards may not be the most important reason to acquire a business credit card, but it’s always near the top of the list of card benefits.

That’s because rewards can help offset bottom line costs such as travel expenses, or even fund an annual vacation you’d otherwise be paying cash for.

Membership Rewards points earned on this card are some of the most flexible and valuable points you can earn — and there are plenty of ways to earn them.

Accelerated Earnings in Business Spending Categories

There are 6 business expense categories that are eligible to earn 4 Membership Rewards Points per dollar spent:

  • Airfare purchased from airlines directly
  • Online, TV, and radio advertising purchased from U.S. media
  • Select technology purchases of computer hardware, software, and cloud solutions from U.S. providers
  • Purchases at U.S. gas stations
  • Purchases at U.S. restaurants
  • Purchases for U.S. shipping

Hot Tip: For more information on how this card can earn bonus points on advertising expenses, check out our run-down here – the 6 Best Business Credit Cards for Advertising Purchases

Customized Business Spending Categories

Cardholders receive bonus earnings on 2 business spending categories from the above list that will receive 4 Membership Rewards points per dollar spent.

You do not have to pre-select your bonus categories as each month your actual spending determines where the bonus is applied. This ensures your greatest expenses earn the greatest rewards.

$150,000 Bonus Spending Limit

The card comes with a generous $150,000 yearly limit on purchases for combined 4 points/$1 categories. This means you can select 2 bonus rewards-earning business spending categories and earn 4 points/$1 spent on up to $150,000 in total purchases per calendar year.

Elevated Earning on Amex Travel Purchases

Qualifying purchases made on Amex Travel using the card receive 2 Membership Rewards points per dollar spent.

Unlimited Earnings on Every Purchase

All purchases earn at least 1 Membership Reward point per $1 spent, including bonus category spending that exceeds the annual $150,000 limit. There is no limit to how many points you can earn.

25% Airline Redemption Bonus

Receive 2.5 extra Membership Rewards points for every 10 points you redeem for a first or business class flight on any airline.

Or select 1 qualifying airline, use the Membership Rewards “Pay with Points” option, and get back a 25%-point bonus (up to 250,000 points per year).

Transfer Membership Rewards to Travel Partners

One of the best features of Membership Rewards points is that you can transfer your points to airline and hotel partners.

Transfer to Airline Partners

Amex Airline Transfer PartnerMin TransferTransfer Ratio
(Amex > Partner)
Transfer Time
AeroMexico
1,0001:1.62-12 days
Air Canada1,0001:1Almost Instant
Alitalia1,0001:1Almost Instant
Aer Lingus1,0001:1Almost Instant
ANA1,0001:13 days
Avianca LifeMiles1,0001:1Almost instant
British Airways
1,0001:1Almost Instant
Cathay Pacific1,0001:1Up to 1 Week
Delta Air Lines1,0001:1Almost Instant
EL AL1,00050:1Almost Instant
Emirates1,0001:1Almost Instant
Etihad Airways1,0001:1Almost Instant
FlyingBlue AirFrance/KLM1,0001:1Almost Instant
Hawaiian1,0001:1Almost Instant
Iberia1,0001:11-3 days
JetBlue2501:0.8Almost Instant
Qantas5001:1Almost Instant
Singapore Airlines1,0001:11-2 days
Virgin Atlantic1,0001:11-2 days

Transfer to Hotel Partners

Amex Hotel Transfer PartnerMin TransferTransfer Ratio
(Amex > Partner)
Transfer Time
Choice Privileges1,0001:1Almost Instant
Hilton Honors1,0001:2Almost Instant
Marriott Bonvoy1,0001:1Almost Instant

Transferring Membership Rewards points to airline partners can yield the best redemption value for your Amex points.

While you have the ability to transfer your Membership Rewards points to hotel partners, it’s not the best value for your points. Having the option is a positive, however, especially to top off your hotel rewards account for a specific redemption.

Hot Tip: For dozens of creative ways to redeem your Membership Rewards Points for the best value possible, you’ll want to check out this article!

 

Amex Offers
Amex Offers provide additional savings for cardholders. Image courtesy of American Express.

Amex Offers

Too big of a deal to fall under “shopping benefits,” Amex Offers deserve their own heading. You can literally save thousands a year with the Amex Offers that are featured on your online account home page.

Just add the offer to your card and follow the purchasing terms/conditions to receive statement credits or additional Membership Rewards points.

The Hotel Collection

Book a prepaid hotel stay of 2 nights or more through qualifying American Express Travel Providers, pay with your Amex Business Gold Card, and receive room upgrades, amenities and a credit at checkout for qualifying charges. (Read more about Amex’s Hotel Collection here)

  • Receive an upgraded room and other amenities based on availability
  • $75 check-out credit —  Receive $1 credit for every dollar spent on qualifying expenses. (Taxes, gratuities, fees, and the cost of room are excluded.)
  • Bookings made on Amextravel.com receive 2 Membership Rewards points per $1 spent, or the stay can be paid for with the “Pay with Points” option

The Travel Collection

You would normally have to pay $295 for an annual membership with The Travel Collection by Travel Leaders Group. Fortunately, you’ll enjoy complimentary membership for as long as you have your Amex Business Gold Card.

  • Airfare discounts — Enjoy airfare discounts on several international airlines and on United Airlines. Ticketing fees are currently waived for cardholders.
  • Hotel benefits — Room upgrades, complimentary breakfast, free Wi-Fi, and a room credit (2 night stay required).
  • Travel discounts — Receive discounted pricing on car rentals, vacation packages, cruises, and escorted tours.
  • Personalized travel planning — Receive professional assistance before, during, and after your travels.

You must call 877-485-8053 to register, and you’ll get access to The Travel Collection members-only website.

Business Expense Management Tools

  • Connect to Quickbooks — Transfer data from your Amex account to your Quickbooks
  • Free employee cards — Earn rewards faster and manage every expense with extra cards for your employees
  • American Express® Business App — Add receipts and notes to your transaction via desktop or mobile device
  • Online and year-end statements — View you spending history and access reports to help at tax time
  • Mobile account management — Access your account from anywhere
  • Account alerts — Set up account alerts for unusual spending, payment reminders, or to monitor employee spending
Amex event access
Get VIP event access to the hottest tickets in town with your Amex Business Gold Card. Image courtesy of American Express.

Additional Travel, Entertainment, and Transportation Perks

  • Event and entertainment access — Ticket pre-sale privileges, VIP event access, and preferred seating
  • No foreign transaction fees — Use your card anywhere in the world with no transaction fees added
  • Global assist hotline — General travel, legal, medical, and financial assistance if things go wrong while you’re traveling
  • Baggage insurance plan — Coverage for loss, theft, or damaged luggage up to $1,250 per covered person
  • Premium roadside assistance — No-cost U.S. roadside assistance up to 4 times/year, plus towing up to 10 times/year
  • Travel accident insurance — Covers injury or loss of life due to accident up to $100,000
  • Car rental loss and damage insurance — Secondary coverage on eligible rental vehicles for collision damage (up to 30 days)

Additional Shopping Benefits

  • Extended warranty — On qualifying items, the manufacturer’s warranty of 2-5 years is extended by 2 years
  • Purchase protection — Coverage for eligible items purchased with the card for damage, theft, or loss up to 120 days (90 days for New York residents); up to $1,000/item and $50,000/year
  • Return protection — Eligible items that cannot be returned to the original merchant are covered up to 90 days from purchase (maximum $300 per item/$1,000 year)

Cash Flow and Finance Benefits

  • Pay Over Time — When this option is on, purchases of $100 or more automatically qualify; interest charges apply
  • No pre-set spending limit — Your spending power adjusts as you use your card
  • Vendor payment — Have American Express pay your vendors even if they don’t take credit cards, then repay American Express over 30, 60, or 90 days

Terms and conditions apply to all protections/benefits. You can access full descriptions and links to terms/conditions for each protection/benefit mentioned here.

Final Thoughts

The Amex Business Gold Card is not a card you’ll jump to apply for — but review its benefits and earning potential carefully to determine if it can make a positive impact on your bottom line.

You’ll find benefits with elevated earnings of 4x on select bonus categories, Amex offers, business management tools, and some ancillary travel benefits.

If you’ll spend more than $7,500/year in 4X categories, take advantage of a couple of Amex offers, and receive a discount on airfare through The Travel Collection, you will have realized plenty of value from the card.

To check out other business credit cards for comparison, we’ve put together a full line up of the Best Small Business Credit Cards for Maximum Rewards and Cash-Back.

FAQ

Is the Amex Business Gold Card worth it?

The Amex Business Gold Card is worth it if the value you receive for your business more than offsets the annual fee.

If your business cannot utilize either of these benefits, you would need to earn rewards with a value great enough to offset the annual fee.

For example, if your business spends $20,000/year for advertising and gas, or other 4X earning categories, then you’ll earn at least $800 in rewards value using a very conservative 1 cent per Membership Rewards points value.

How do I redeem Membership Rewards points?

Start by signing in to your Amex Business Gold Card online credit card account.

As soon as your Membership Rewards points show up in your account there, they are ready to use.

At the top of the page you will see options such as account services, benefits, and rewards. Click on “Rewards.”

On the next page you will see the total number of points in your account, and below the total is a drop-down menu with several options.

You will be able to select an option to redeem your points for travel, go shopping, redeem your points for gift cards, and much more.

This is also where you can select “transfer your points” if you decide to transfer your Membership Rewards points to an airline or hotel travel partner.

How do Amex Offers work?

You will find Amex Offers listed when you log in to your online credit card account. Offers are added frequently, so it’s good to check back often.

The offers are located below your account information under “Amex Offers and Benefits.” Click on “Select all” to view the complete list of offers.

Once you find an offer that you like, you should read the terms and conditions, then add the offer to your card by clicking on the “Add to card” button.

Be sure to review the offer carefully to ensure you’re making the purchase correctly. For example, an offer can be good at Sam’s Club.com but not at the physical store, or at Walmart.com but not the Walmart store.

Do I have to pay off the card every month?

The Amex Business Gold Card is a charge card that must be paid off each statement period.

There are provisions to pay over time for charges that are $100 or more. These charges will be flagged on your statement, and you can select the ones you want to be enrolled in the option.

You can also receive short-term loans from American Express and have them pay your vendors.

Both of these options do incur applicable interest charges.

Christine Krzyszton

About Christine Krzyszton

Christine, who lives in Northern Michigan, travels about 300,000 miles a year despite her remote location. Her expertise is traveling the world on a weekend with no pre-determined destination in mind, letting the cost of the airfare determine where she will go. She has over four million flown miles and elite status on all three major domestic carriers.

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American Express® Business Gold Card

Business Owners!

Did you know we found 35 benefits of the American Express® Business Gold Card?

Get TONS of value! [Terms Apply]

  • Earn up to $500 back in the form of statement credits by purchasing qualifying services with FedEx using your American Express® Business Gold Card within the first 3 months of Card membership.
  • Limited time Offer ends 11/06/2019.*
  • 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
  • See Rates & Fees

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

2 comments

  1. Are you sure about JetBlue and Starwood transfer rates?? They are different on Gold Personal card…

    • Christine Krzyszton · January 14, 2019 · Reply

      Hi Aleks! Thank you for your insight and pointing out the changes to the transfer partners. The American Express Membership Rewards website still has Starwood listed but soon to change as well. Also, the ratio is now 1:1. We will be updating the airline transfer list to include Virgin Atlantic and jetBlue changes. As always, the Rewards section of your American Express card home page will show the most recent transfer partners and ratios. Thanks again for the information.

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