The Business Gold Rewards Card from American Express OPEN is an premium charge card for small businesses where you must pay off the balance each month, but you get the AMEX perks like purchase price protection, extended product return protection, and the famous AMEX extended warranty that actually pays out. Here are the highlights:
- Get 25,000 Membership Rewards points after you spend $5,000 in purchases on the Card within the first 3 months of Card Membership
- Built with business-sized purchasing power and fast rewards
- 3X points on airfare purchased directly from airlines
- 2X points on US purchases for advertising in select media, shipping, at gas stations, and made directly from select computer hardware, software, and cloud computing providers
- Up to $100,000 in each category per year, then 1 point
- Use points to entertain clients, reward employees, reduce travel costs, or just offset the everyday expenses of moving your business forward
- Terms and limitations apply
Note: “Welcome bonus offer not available to applicants who have had this product or any other Business Gold, Green or Platinum Card account within the last 12 months.” I’m not eligible for this one because I already got this exact card in January, but check out my post on apply for multiple American Express cards for ways to maximize your bonuses even more.
Business Credit Card Eligibility
Many people aren’t aware that they can apply for business credit cards, even if they are not a corporation or LLC. Any individual can be a small business. Perhaps you sell items on eBay, Craiglist, or Etsy. Maybe you do some graphic design, web design, freelancing and/or consulting. If you received a 1099-MISC tax form and filled out a Schedule C, that means you have business income, you pay self-employment taxes, and you’re a sole proprietorship. This is the simplest business entity, but it is fully legit and recognized by the IRS. On a business credit card application, you should use your own legal name as the business name, and your Social Security Number as the Tax ID.
This card will require you to personally guarantee that you’ll pay them back what you charge on the card, which means they’ll check your personal credit score like any other consumer card. However, as the card is a business card, American Express won’t have it show up on your personal credit report, so it won’t change things like your credit limits, average account age, or credit utilization ratio.