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:
- Earn 50,000 Membership Rewards points after you spend $5,000 in purchases on the Card in the first 3 months of Card membership.
- 3X points on airfare purchased from airlines. 2X points at US gas stations. (Up to $100,000 in each category per year, then 1 point.)
- Reduce travel costs, show appreciation for employees and clients, and offset everyday expenses by using points to get something back and grow your business.
- Earn points even faster to get more rewards for your business.
- $0 introductory annual fee for the first year, then $175
- Terms and limitations apply.
- Apply online to qualify for this offer. See offer terms for details.
50,000 Membership rewards points can be redeemed for $500 in gift cards to stores like Home Depot and Macy’s, 50,000 airline miles at a variety of partners, or $500 worth of any travel booked at American Express Travel (comparable to Travelocity, Expedia).
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.
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