The Business Gold Rewards Card from American Express – Review

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The Business Gold Rewards Card from American Express – Review

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"An alternate way to fund your business."

The card provides big buying power to help fund business needs. Plus, it's the only charge card that lets you choose where you get 3X points.

With the number of people starting small businesses on the rise, having a way to instantly purchase necessary items and services can truly add to a company’s success.

It can also be extremely convenient for you as a business owner, since many banks and lenders have tightened the reins on business borrowing.

But, by going an alternate route and using The Business Gold Rewards Card from American Express to finance the purchase of your company’s inventory, equipment and/or travel, you have access to capital now.

You’ll also earn rewards points in the process, which can be used on a variety of things — primarily travel benefits.

Card Snapshot

  • Welcome Bonus & Info (Partner Content)

    Note: This card is no longer available for new applications. Existing customers can continue to use it, or request a product change to the new American Express® Business Gold Card.

  • Rewards Center
    American Express Membership Rewards
  • Customer Service Number
  • Login Link
  • Card Focus:
    • Advertising
    • Airlines
    • Gas (Driving)
    • Select Computer Services
    • Shipping
  • Typical Users
    Business Owners, Frequent Travelers, International Travelers

The Ideal Cardholder

Employer Offering Gift to Employee
Become the successful business owner you always wanted to be by opening a business credit card to help you get your dream off the ground!

The Business Gold Rewards Card from American Express Bonus and Earning Categories

If you apply for the card, you will be eligible for the current Membership Rewards bonus points after you spend the appropriate amount in qualifying purchases on the card during the allotted time (see above).

Rewards points are extremely flexible to accumulate, and they can add up fairly quickly if you use the card frequently. Depending on the type of business you have and the expenses you incur, you could see numerous rewards.

For example, you can earn 3x points in one category of your choice from the following list (Terms and Conditions Apply):

  • Airfare purchased directly from an airline
  • Select advertising (U.S. purchases)
  • Gas stations (U.S. purchases)
  • Shipping (U.S. purchases)
  • Computer hardware, software, and cloud computing purchased directly from certain providers (U.S. purchases)

You will then earn 2x points in the other 4 remaining categories, and other purchases will earn 1x points. So, every month in which you make qualifying purchases on the card, your points balance will continue to build.

During your first year, the card’s annual fee is waived. After that, the annual fee is just $175.

Bottom Line: Earn 3X points on your chosen category, and 2X points on four additional categories all while earning 1X points on every other purchase made with The Business Gold Rewards Card from American Express. This comes at absolutely no cost for the first year, and just $175 annually thereafter.

Benefits of Being a Member: Having Ultimate Buying Power for Your Business

The Business Gold Rewards Card from American Express isn’t just a way to buy items for your office and flights in and out of town. This card provides you with the ultimate in buying power, starting with no pre-set spending limit.

This means that the buying power you have will adjust with your use of the card.

This also comes with additional advantages, such as:

  • Quick and convenient funding
  • No collateral required
  • No time-consuming loan paperwork
  • Fast financing decisions

Plus, there are no interest charges to contend with when you pay your card balance in full every month. This of course is important to do, otherwise you’ll negate the value of the rewards earned!

Bottom Line: Get funding quickly and easily, whenever and wherever it is needed for your business, without having to go through the “traditional” bank or other financing channels with The Business Gold Rewards Card from American Express.

Other Perks of the Card: Insurance, Protection, and More

As a business owner, you may be on the road a lot meeting with clients, searching for new inventory, or checking on your properties. If so, know that The Business Gold Rewards Card from American Express has your back.

Whether you’re in the air or on the road, this card provides a myriad of protections, including:

  • Travel accident insurance
  • Premium roadside insurance
  • Baggage insurance plan
  • Car rental loss and damage insurance
  • Global assist hotline

The card can also provide you purchase protection for up to 90 days when something you buy with the card either breaks or is stolen.

With the card’s extended warranty feature, you can worry a whole lot less knowing that the manufacturer’s original warranty can be extended for up to one additional year.

Bottom Line: The Business Gold Rewards Card from American Express members have additional insurance coverage, as well as product warranty protection when using the card for qualifying purchases.

The Benefits Of Being a Member: Even More Convenience

Even more benefits are included with this card through American Express. As a business owner, these can add even more convenience, especially if you’re constantly on the go.

Receipt Match is a feature where you can add receipts, tags, and notes for any purchases from your desktop or your smartphone. This will help you keep your finances organized and your accountant happy!

You can set up account alerts to notify you of upcoming due dates, as well as anything employees purchase on the cards. It also acts as a security device and notifies you of any irregular activity on your card.

You can earn an additional two Membership Rewards points for every dollar spent with these partners after simply registering your card!

Bottom Line: In addition to the benefits that are specifically included for The Business Gold Rewards Card from American Express, you are also eligible for the benefits provided with every business card from American Express.

Drawbacks of Using The Business Gold Rewards Card from American Express and Alternatives

While there are numerous benefits to using The Business Gold Rewards Card from American Express, there are also a few things to consider prior to diving in with this card too.

This is especially true since there are a number of other business credit cards out there to choose from.

First, the card has an annual charge of $175 per year. However, this charge is waived during the first year, so you have an opportunity to really check out whether or not you like the card and all its benefits during that time period.

As with any other American Express charge card, you are required to pay off your balance in full each month.

So while you can obtain funding for items your business needs, you will need a way to pay off the balance fairly soon.

That being said, this card does allow you to earn a significant number of points in a wide variety of categories. For just about any business owner in any industry, the points can definitely start to rack up rather quickly.

Alternatives to this card include any of the Chase Ultimate Rewards business cards, including the Chase Ink Business Preferred℠ Credit Card or the Chase Ink Business Cash℠ Credit Card. These cards are typical credit cards that allow you to carry balances for a fee.

The Chase Ink Business Cash℠ Credit Card is great because it comes with a 0% introductory APR that will  allow you to get your business started while being a little more uncertain of the money coming in!

Bottom Line: You have an annual fee after the first year, and you will have to pay off your balance each month, but the points add up fairly quickly. If you want an alternative, try the Chase Ink Business Preferred℠ Credit Card.

How to Get the Most Out of the Card

For a business owner, this card can provide a nice array of rewards, and you can certainly choose to use it on its own.

However, you can multiply the benefits even more by combining it with The Business Platinum® Card from American Express for all of its nice perks. If your business requires travel, you will be happy to have this card.

With The Business Platinum® Card from American Express, you can receive travel benefits and rewards that can help reduce expenses.

Card owners receive one point for each dollar in eligible purchases, and there is no limit on the number of points you can receive.

While this card does carry a $450 annual fee, this card offers a $200 airline fee credit plus an airport lounge access program, which can quickly offset the card’s annual fee (and then some)!

Bottom Line: The Business Gold Rewards Card from American Express can be used alone, or in conjunction with The Business Platinum® Card from American Express for even more valuable perks. This is especially useful for the business traveler.

Final Thoughts: A Summary of the Card

As a business owner who makes a lot of monthly purchases – including big ticket items such an inventory or equipment – The Business Gold Rewards Card from American Express could offer a great way to make your financial life easier.

With no pre-set spending limit, this card provides you with the ultimate in purchasing power.

By providing you with quick, easy access to the capital that you need, you’ll no longer need to worry about paperwork, collateral, or sitting for hours waiting for an answer from the bank.

If you’re a frequent business traveler, the card can provide you a variety of protections, whether you’re in the air or on the road.

By ensuring that your vehicle, your belongings, and your life are covered with ample financial protection, you can travel with much more peace of mind.

In addition to the membership benefits, you will also be automatically eligible for all the convenient rewards that are included via American Express.

This can add the icing on the cake for those seeking time-saving ways to both manage and protect their financial transactions.

All the while, this card will provide you with points: 3x points in a preferred category, 2x in a secondary category, and 1x for any other purchase that you make.

One of the very best parts about this card is that if you just aren’t sure whether it’s your best option, you have an entire $0 annual fee year to check it out.

The $175 annual fee is fully waived for the first year of ownership, which allows you to use all the benefits of the card to determine if it’s really the right card for your needs.

Bottom Line: If you’re a business owner with frequent purchase and/or travel needs, The Business Gold Rewards Card from American Express may be a good choice. Earn 1-3x points and get the funding for your business!

Great Card If

  • You are an entrepreneur or small business owner
  • You travel frequently
  • You make frequent business purchases
  • You are able to pay off your balance each month

Don't Get If

  • You are not a business owner
  • You are not able to pay off the card’s balance each month
  • You are seeking a cash advance
  • You are seeking a place to move a balance transfer from another credit card

Card Fees

  • Annual Fee
    • $0 introductory annual fee for the first year, then $175
  • Foreign Transaction Fees
  • Interest Rates ?
    • There is no interest rate on this card since cardholders are required to pay off their balance in full every month.
  • Late fees ?
    • $38 or 2.99% of any past due Pay in Full amount, whichever is greater
    • Returned payment fee of $38
  • Balance Transfers
    • N/A
  • Cash Advance APR
    • N/A

U.P. Pro Tips

Does your business tend to spend a lot in one or more of the 3x rewards categories?

If so, then this card can be a great option for you to really rack up the points and reap the benefits that accrue for yourself, your business, or your employees.

Entertainment, events, meals – you name it, the rewards are nearly endless. And because The Business Gold Rewards Card from American Express doesn’t have a pre-set spending limit, your points can really add up in higher spending months!

Entertain Business Clients to Earn Extra Points
You can entertain business clients to earn extra points on The Business Gold Rewards Card from American Express. Don’t underestimate even the 1x points category if this is an integral part of your business!

Best Way to Maximize Points

Although there are many benefits you can gain from The Business Gold Rewards Card from American Express, one thing that cardholders really want to know is how they can rack up their Amex points!

Just like any good business plan, the key here is having a strategy to achieve the best success.

The good news is that with this card, it’s easy! All you really need to do is determine what the best category will be for your 3x points.

This will often depend on the type of business you own and/or the type of traveling you do the most.

Tip #1: Once you have nailed down your primary points category, be sure you use the card each time you make a purchase in that 3x points area.

Tip #2: Don’t rule out the additional 2x and 1x points. Regardless of what else you’re purchasing, you can still earn either 2x or 1x points just by using the card.

Tip #3: Add additional cardmembers. If your business has employees, you may consider getting additional employee cards for them.

There is a $0 introductory annual fee for Employee Cards in the first year. Then, you’ll pay $50 for the first Employee Card only (there is no additional fee for Employee Cards after that).

Tip #4:  Don’t forget your additional 2x points partners at FedEx, Hertz, and HP! These are common businesses you would need to run your company.

If you need to buy anyone flowers, you always have the 1800Flowers partner on hand as well!

Get Employee Business Cards to Earn Points
Make sure to set up all your employees with the business card so you can maximize your ability to earn rewards.

Best Way to Redeem Points

Unlike many cash-back cards that will have you redeeming points on merchandise you may never use, The Business Gold Rewards Card from American Express provides you with a very flexible rewards program.

It is part of the Amex Membership Rewards program, and can be combined with any personal cards you also have enrolled. Here, your rewards points can be used in a variety of ways.

Some Options for Redeeming Points

For example, points may be redeemed toward the cost of travel through American Express, as well as toward gift cards. You can do this by going to the American Express travel portal and walking through the steps to redeem your points there.

The points can also be used toward merchandise, if that’s what you choose to do. However, this really isn’t where you’ll get the most bang for your proverbial buck with this card.

In some cases, you may be able to redeem your points directly at the counter at some American Express partners, as well as directly at checkout on Amazon.

The Real Valuable Rewards: Travel Partners

If you want to get the most value out of your points earned, you’ll want to transfer them to travel partners within the Membership Rewards portal.

Go to your Membership Rewards account, select “Travel,” and you will find the option to transfer. Some transfers are more valuable than others, but in the end, those points can be used at usually $0.02 per point or more!

American Express has both hotel and airline partners through its Membership Rewards program. Here is the full list for each category.

Amex Airline Transfer PartnerMin TransferTransfer Ratio
(Amex > Partner)
Transfer Time
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
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

The Gritty Details: Everything Else You Need to Know

Just like almost everything else in life, there is always “the other side of the story.” This is the also true of The Business Gold Rewards Card from American Express.

It’s important that you read all the “fine print” so you know exactly what counts for your various allocations of points with the card.

First, note that there is actually a $100,000 category bonus limit. This applies to each bonus category individually, though, so it will generally be a non-issue.

For instance, if you spent $105,000 on advertising in the year, only the first $100,000 would earn the 2-3x bonus points, but the extra $5,000 would still earn at 1x points.

Second, you cannot transfer a balance to this card, nor take a cash advance, there is no way to earn points in this capacity.

Also, you aren’t able to earn points on gambling-related transactions, which would include the purchase of lottery tickets and other types of betting.

Bonus Categories Demystified

Next, lets demystify the bonus category spending. Airfare and gas stations are pretty straightforward, with the only caveat being that airfare must be purchased directly through an airline and not travel agent.

Advertising, shipping, and computer and cloud services are a bit less obvious. According to American Express terms and conditions, some of these categories have preset vendors, but others are open-ended.

Advertising: The overall caveat here is that advertising must be purchased through official U.S. online, television, or radio advertisers in order to promote your business.

This could include Google, Facebook (or other PPC advertising), NBC or ABC advertising, or ads from your local radio stations. There is not a complete list, but do note that direct mail ads are specifically excluded.

Shipping: The shipping must be a U.S. carrier or freight forwarder, and includes places like FedEx, UPS, and the USPS. One common forwarder that should be covered is CEVA.

Online shipping costs and moving expenses do not count in these categories, and the charge must be for shipping business goods.

Software, Hardware, and the Cloud: Only the following vendors are approved to earn 2x points.

Apple, CDW, Dell, HP, IBM, Intuit, Lenovo, Microsoft, Newegg, Oracle, Rackspace, Sage Software,, Symantec, and Tiger Direct.

Other Unique Features of This Card

Certainly, one of the coolest things about the card is the fact that you can earn 3 points per dollar in a category of your choosing. Additionally, the card provides you with a relatively long list of options to choose from.

Also, the fact that you can get either 1 or 2 points on all other purchases makes this somewhat unique from other cards, where you don’t get any points at all on certain spending.

Other than that, honestly, this card pretty much offers a lot of the typical benefits that you would find on other business credit cards, such as:

Travel Accident Insurance – Up to $100,000 in accidental death and dismemberment coverage while traveling on a Common Carrier.

Premium Roadside Assistance – Just one call can provide you with help in changing a flat, jump-starting a battery, or towing up to 10 miles.

Baggage Insurance Plan – Card members can travel more comfortably knowing that they can be covered for eligible lost, stolen, or damaged baggage when traveling on a plane, train, ship, or bus.

Car Rental Loss and Damage Insurance – When you use your eligible card to reserve and pay for eligible vehicle rental and you decline the collision damage waiver at the rental car counter, you can still be covered if the car is stolen or damaged.

Global Assist Hotline – When you travel more than 100 miles from home, you also have 24/7 access to medical, financial, legal, or other select emergency services – all because you are a member.

There are also more benefits with this card that are included through American Express. As a business owner, these can add even more convenience, especially if you’re constantly on the go. These include:

Receipt Match – Never wonder again which purchase came from where. With Receipt Match, you can add receipts, tags, and even notes to your purchase transactions from your desktop 0r mobile device.

Account Alerts – Avoid late payments (and the corresponding fees) by setting up account alerts to notify you of upcoming due dates, as well as employee card spending. Alerts can also notify you of any irregular activity taking place on your card.

Account Manager – If you’re like most business owners, you probably don’t have a lot of time to sift and sort through account statements.

The account manager feature will allow you to assign an employee or business partner to take on this task for your business card account. This way, your time is freed up to focus on other details of running your business.

Dispute Resolution – Should you find an incorrect charge or any type of fraudulent activity on your Amex statement, American Express will work with you in resolving this matter immediately.

Online Statements – In today’s paperless world, you’ll be able to easily and conveniently view your statements anytime online. From your online account, you can also view your purchase history, prepare reports to invoice your customers, and budget your expenses.

Mobile and Tablet Apps – When you’re a business owner on the go, you may not want to carry a laptop with you.

That’s why you also have access to all you need from your account via mobile and tablet apps. This can make checking your information quick and easy.

Photo Credits / Credit/Copyright Attribution:
Boss Offering Gift: Pressmaster/Shutterstock
Entertaining Business Clients: iofoto/Shutterstock
Woman Using Business Card: Africa Studio/Shutterstock
Woman Relaxing in Chair: racorn/Shutterstock


Is The Business Gold Rewards Card from American Express worth it?

If you’re a business owner — and especially if you travel frequently — then yes, this card can be well worth it. First, you have the opportunity to try out the card for one full year before being obligated to pay the annual fee.

Some of the key benefits included with your membership on the card include:

  • 3X points on a category of your choice, and 2X points on four additional categories (Terms and Conditions Apply)
  • 1X points on all other purchases
  • No pre-set spending limit, so you can fund large business purchases instantly
  • Ability to earn points on employee purchases
  • Purchase protection
  • Car rental loss and damage insurance
  • Baggage insurance plan
  • Global assist hotline
  • Premium roadside assistance
  • Travel accident insurance
  • Extended warranty

Plus, you also receive all of the benefits for business members of American Express, including:

  • ReceiptMatch
  • Dispute Resolution
  • Account Alerts
  • Account Manager
  • Online Statements
  • Mobile and Tablet Apps

Is there an annual fee on The Business Gold Rewards Card from American Express?

Yes. The annual fee is $175, but this fee is waived for the first year.

Will points earned on The Business Gold Rewards Card from American Express ever expire?

No, the points on the card will not ever expire or go away unless you cancel all your Amex rewards cards. In that case, you will end up losing your points.

But, provided that you keep at least one of your Amex rewards cards open, you will be able to keep all of your points.

How does The Business Gold Rewards Card from American Express compare to The Business Platinum® Card from American Express?

While Amex Business Gold focuses more on the earning of points and providing services for your business, The Business Platinum® Card from American Express has more focus in providing luxury travel benefits.

The Business Gold Rewards Card from American Express has 2-3x bonus categories, whereas The Business Platinum® Card from American Express only earns 1x points on all purchases.

Both cards are valuable on their own, and could be even more powerful if combined.

How does The Business Gold Rewards Card from American Express compare to the American Express® Green Card?

The American Express® Green Card is a beginner business card offered by Amex. There are no real additional benefits to the card other than earning 1x Membership Rewards points.

The Amex Business Gold is very good for earning points, especially for those who spend a lot of money in the five different bonus categories: airfare, shipping, select computer services, select advertising, and gas stations.

How can The Business Gold Rewards Card from American Express be upgraded to The Business Platinum® Card from American Express?

If you want to upgrade your card, you can call American Express customer service and ask them to upgrade your card. You will of course have to pay the higher fees and will lose your 2-3x bonus points, but you will get luxury travel benefits.

Alex Miller

About Alex Miller

Alex has been traveling for over 25 years and from a young age was lucky enough to set out on numerous family trips all over the world, which gave him the travel bug. Alex has since earned millions of travel points and miles, mainly through maximizing credit card sign-up bonuses and taking every opportunity to earn the most points possible on each dollar spent.


The Platinum Card® from American Express

SPECIAL OFFER: Do You Qualify for a 100,000 Welcome Bonus with the Amex Platinum?


Want The Best Lounge Access?

The Amex Platinum is the best card for airport lounge access; no other card even comes close. Get into more than 1,200+ airport lounges across 130 countries including the amazing Centurion lounges.

We get ~$1,500+ in value each year with The Amex Platinum.

  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • 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.


  1. I had the card for less than 12 months and my welcome bonus was taken away. Is there any way to get it back?

    • Christine Krzyszton · December 17, 2018 · Reply

      Hi Ben. The first step, of course, is to contact American Express and find out the reason the welcome bonus was rescinded. If there was an error on American Express’s end, they can make it right. Reasons for taking back the bonus have included purchasing items that were later returned, purchasing cash equivalents such as gift cards, and other actions that go against the card’s terms and conditions for meeting purchase requirements. Your best best is communicating with American Express as to the reason and go from there.

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