American Express Business Gold Card Review: Up to 70,000 Points + $300 in Statement Credits

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards and may receive a commission. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

New limited-time offer. The American Express Business Gold Card is a premium charge card for small businesses where you must pay off the balance each month, but you get excellent perks like purchase price protection, travel accident insurance, car rental coverage, and the famous AMEX extended warranty that actually pays out. Here are the highlights:

  • 70,000 Membership Rewards® points after $10,000 in eligible purchases within the first 3 months of Card Membership.*
  • Up to $300 Back in Statement Credits. Earn up to $150 back on both U.S. advertising in select media and U.S shipping, for a total of up to $300 in statement credits on eligible purchases within the first 3 months of Card Membership. Limited-time offer ends 4/7/2021.
  • 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. Here are the possible categories:
    • Airfare purchased directly from airlines
    • U.S. purchases for advertising in select media (online, TV, radio)
    • U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
    • U.S. purchases at gas stations
    • U.S. purchases at restaurants
    • U.S. purchases for shipping
  • Airfare rebate. 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.*
  • No foreign transaction fees
  • $295 annual fee.
  • Terms and limitations apply.

Membership Rewards points can be converted to the following airline and hotel programs (there are more, this is just a selection):

  • Delta SkyMiles
  • Hawaiian Airlines
  • JetBlue
  • ANA Mileage Club (partner of United Airlines)
  • Air Canada (partner of United Airlines)
  • British Airways (partner of American Airlines)
  • FlyingBlue (Air France/KLM)
  • Singapore Airlines
  • Virgin Atlantic
  • Choice Privileges
  • Hilton Honors
  • Marriott Rewards (Starwood)

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.

Bottom line. The new American Express Business Gold Card is a premium charge card for small business that includes the classic American Express features like excellent customer service and customer-friendly protections. The card now offers the ability to earn 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. Right now, there is an excellent limited-time offer with an improved welcome offer.

I will add this card to my list of Top 10 Best Business Card Offers.

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

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