American Express® Business Gold Card review

Published: October 16, 2019

Partner Offer

Apply Now
Published: October 16, 2019

Partner Offer

Apply Now
Ratings Policy
Business Rating:
3.5 rating
3.5 rating
3.5 / 5
Rewards Value 2.7
Annual Percentage Rate 0.3
Rewards Flexibility 3.7
Features 3.8
Customer Experience 4.6

In a Nutshell:

The American Express Business Gold Card is a solid choice for a small-business owner who wants to earn and redeem points for business or family travel.

Learn more about this card

Rewards Rate

  • 4 points per dollar on the two categories your business spends the most in each billing cycle (first $150,000 in purchases yearly)
  • 1 point per dollar on other purchases
  • Terms apply

Introductory Bonus
Up to $500 in statement credits in your first three months on qualifying FedEx purchases (offer ends 11/6/2019)

Annual Fee
$295 (See rates and fees)

Average Yearly Rewards Value ($4,000 monthly spend)
$886

APR
15.99-23.99% (variable) (see rates and fees)

Rewards Redemption
Pros

  • Points don’t expire
  • No blackout dates
  • No limits on points that you can earn
  • Ability to transfer points to 16 partner airlines
  • 25% bonus on points redeemed for eligible purchases through the American Express Travel portal

Cons

  • Some transfers are not instant
  • Lack of solid redemption options other than transferring to airlines

Customer Experience

Other Notable Features: No foreign transaction fee (See rates and fees), 25% travel redemption bonus,  pay over time option, access to the Working Capital Terms program and short-term business loans, $50 flat fee to add employee cards (See rates and fees), premium roadside assistance, purchase protection, baggage insurance, no preset spending limit, set limits on employee cards, track receipts through mobile phone

The American Express Business Gold Card was recently launched by American Express as a replacement for its Gold Rewards Card, and – for a long-term cardholder – the updates to the revamped card are mostly positive.

American Express has, unfortunately, raised the annual fee to $295 per year. But, it has also added a couple of new features that can significantly boost the card’s value for ongoing cardholders. Cardholders now receive a stellar 4-point bonus on the two categories they spend the most in each billing cycle and, best of all, are entitled to a 25-percent bonus for eligible redemptions through the American Express travel portal.

Also a major plus: American Express has added new financing features that give cardholders some options for managing cash flow.

Flexible bonus categories

To help match rewards with your spending, the Business Gold Card rewards 4 points per dollar in the two categories your business spends the most in each billing cycle, between directly purchased airfare, U.S. restaurants, U.S. gas stations, U.S. shipping purchases and purchases made directly from select U.S. computer hardware, software or cloud solution providers. This means if you spend more on U.S. restaurant purchases in one month and more on U.S. gas station purchases the next, you’ll still earn great rewards. Plus, you earn one point per dollar on the remainder of your purchases.

Note, the 4-point bonus is capped at $150,000 in total purchases per year, but this is a very high spending cap, and cardholders shouldn’t have much trouble earning a large number of Membership Rewards points at a high rate.

Valuable introductory offer

The Business Gold Card is currently offering up to $500 in statement credits for FedEx purchases made with the card in the first three months. While this is a potentially valuable offer for business owners who rely on FedEx services, it unfortunately cuts out business owners who would prefer to use an introductory offer for other purposes. It’s also not the most valuable bonus the card has ever offered. In the past, the card has offered as many as 50,000 Membership Rewards points to new cardholders — a much more flexible offer, since you can redeem Membership Rewards points for a variety of rewards, not to mention more valuable since Amex gives you a bonus on those points when you redeem them for travel (more on that below). If you’re looking to collect a lot of points for a travel award, you should probably delay your application for the card to see if another points-based offer comes around.

25-percent bonus for travel redemptions

The Membership Rewards points that you earn with the card are a flexible, valuable currency — you can use points in a variety of ways, including buying gift cards and merchandise, and booking travel on the American Express website. You can also transfer points to one of American Express’s 16 partner airlines.

Redeeming your points for travel is probably the best option of all, because – as one of the best benefits of being an Amex Business Gold card member – you earn a 25-percent bonus when you redeem points for eligible travel purchases, including airfare, through the American Express Travel portal. Essentially, your points earned with the Amex Business Gold card are worth 1.25 cents apiece when redeemed for airfare, making them much more valuable than the average rewards card point.

No foreign-transaction fees

The Amex Business Gold Card doesn’t include a foreign-transaction fee (See rates and fees), which means you can use your card overseas without having to pay the additional 2 to 4 percent in fees that most cards charge. That said, American Express isn’t universally accepted outside of the U.S.

No charge for roadside assistance

Many cards offer roadside assistance benefits. However, more often than not, it’s just a marketing trick, since you are responsible for whatever charges you might incur. The Amex Business Gold Card actually pays for services rendered – including towing (up to 10 miles), a jump-start and tire changes – up to four times in a calendar year.

Manage your cash flow

While the Amex Business Gold Card is a charge card – meaning, you have to pay off your balance at the end of each month – it does offer a few nifty options for business owners looking to finance a business:

  • Pay Over Time With the Pay Over Time option, cardholders can choose to pay for purchases of more than $100 over time with interest, up to a specified limit each month (all purchases under $100 must be paid in full at the end of each month).
  • The Working Capital Terms program American Express offers short-term financing to help card members pay vendor invoices and manage cash flow.
  • Business Loans – Card members are also eligible to apply for fast (approved in as little as 60 seconds), fixed interest rate loans for working capital and short-term financing.

High annual fee

The biggest drawback to this card is the annual fee: at $295 per year, it is one of the highest among the cards we’ve evaluated, and more than double that of cards with similar offers. The Business Gold Card does justify this fee with some nice features and perks. But you can find cards with similar benefits for half the price and a higher rewards value.

Why get the American Express Business Gold Card?

  • You value outsized travel benefits more than regular cash back.
  • You want to maximize rewards in the above six categories.
  • You are interested in some premium benefits, like roadside assistance.
  • You are a small business owner searching for a card with travel benefits and options for managing cash flow.

How to use the American Express Business Gold Card:

  • Use the Amex Business Gold Card to pay for everything in the bonus categories, unless you have another card that offers a higher rewards rate for a particular category.
  • Book your travel through the American Express Travel site to earn a 25-percent redemption bonus (for eligible purchases).
  • Before transferring points to an airline, make sure seats are available.
  • Use Membership Rewards points when you need to book expensive flights, such as full-price economy, first class or business class travel.

For rates and fees of the Amex Business Gold card, please click here.

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.

Partner Offer

Apply Now