November 06, 2019
American Express Gold Business Card for Small Business
While this card does carry an annual fee of $250, the card’s rewards and benefits can make up for those fees. In addition, because this is a charge card, it provides spending flexibility you won’t get with other cards.
Of course, there’s much more to know before you can decide if the American Express Business Gold card is right for you. In this post, we’ll review how this card works, its benefits and drawbacks, and a few alternative small business credit cards to consider.
About the American Express Gold Business Credit Card
The AMEX Gold Business card has elements of both a credit card and a charge card. A charge card is different than a credit card in that the charge card:- Comes with no pre-set spending limit.
- Must be paid in full each month for you to avoid fees.
- Carries no interest charges, since you must pay your balance in full each month.
Benefits and Rewards with American Express Gold Business
Both the rewards and benefits of the American Express Gold Business card are robust. Rewards include:- 4X points in two of six categories which include airfare expenses, restaurant purchases, ad spending, shipping costs, tech purchases, and gas.
- 1X points for spending in the other four categories
- Points are awarded dynamically based on where you spend the most in the previous billing cycle.
- Welcome bonus of 30,000 points is awarded when you spend $5000 in the first three months.
- One extra point is awarded for every dollar you spend with three merchants of your choice from AMEX’s list of approved suppliers.