Review: American Express Business Gold Card

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The American Express Business Gold Card rewards high spenders with a lot of valuable Membership Rewards points.  The card offers the ability to earn 4x based on your ToP areas of spend. The Business Gold card has a $295 annual fee and offers limited benefits and perks. But this card is a definite keeper for those who can maximize the bonus categories every year.

Current Offer

Amex usually has many different welcome offers for its cards at any given time. The current public welcome offer for the Amex Business Gold card is the ability to earn 70,000 Membership Rewards after spending $10,000 within the first 3 months. As American Express has a “once in a lifetime” rule for welcome offers, we recommend trying to find a higher offer than 70,000 points, if possible. Welcome offers for 90,000 points are pretty common.

The Business Gold card does not count towards Amex's limit of five credit cards. This card has an annual fee of $295 that is not waived the first year.

Earn Rate

The Amex Business Gold card earns 4x in your ToP two areas of spend on the first combined $150,000 per calendar year from the following options:

  • Airfare purchased directly from the airlines
  • US purchases on:
    • Online, TV, and radio advertising
    • Computer hardware, software, and cloud systems purchased from select technology providers
    • Gas stations
    • Restaurants (including takeout and delivery)
    • Shipping

Once you have spent $150,000 in combined purchases in a calendar year, those categories code as 1x.  The card earns 1x on all other purchases.

Benefits

The Amex Business Gold card comes with a variety of travel benefits for the small business owner.  These include:

  • 25% Airline Bonus – when you book air travel via the American Express Travel Portal using MRs, you will receive 25% of those points back. This is valid for any first or business class fare, or economy fare with your chosen airline.  This is valid for up to 250,000 points back per calendar year and is similar to the 35% points back offered on the Amex Business Platinum card.
  • $100 in hotel credits when a cardholder books their stay through the Amex Hotel Collection and stays at least two consecutive nights. The $100 credit applies to qualifying dining, spa, and resort activities.  Additionally, you will receive a room upgrade upon arrival based on availability.
  • Trip Coverage:
    • Baggage Insurance: if your luggage is lost, stolen, or damaged and the ticket is purchased with your card, you receive coverage up to $1,250 for a carry-on bag and up to $500 for a checked bag.
    • Trip Delay Reimbursement for round-trip tickets purchased entirely with your card for trips delayed over 12 hours.
    • Rental Car Insurance: you can be covered for damage to or theft of a rental vehicle when you book the rental with your card and you decline the rental agency’s collision damage waiver.
  • No foreign transaction fees.

The card also offers good benefits for large purchases:

  • An additional year to the original manufacturer’s warranty on purchases with warranties of five years or less.
  • Purchase protection on covered purchases for up to 90 days from the purchase date if an item is stolen or accidentally damaged. This coverage is limited to $1,000 per incident, up to $50,000 per calendar year.

Our Analysis

The Amex Business Gold card has a strong earning power and mediocre benefits. The flexibility to earn 4x on flexible categories makes this card a keeper for high spenders. The ability to earn 600,000 MRs per year from a single card makes the $295 annual fee a bargain.

The benefits are “lite” versions of the Amex Business Platinum. The Business Gold offers 25% points rebate via the Amex Travel Portal and access to The Hotel Collection, whereas the Business Platinum offers 35% points rebate via the Amex Travel Portal and access to Amex Fine Hotels & Resorts and The Hotel Collection. Granted, the Business Platinum's annual fee is more than double that of the Business Gold.

While the card does provide some travel coverage, the coverage provided by the Chase Ink Business Preferred is easier to use as the entire cost of the roundtrip does not need to be booked solely on the card.

The card's welcome bonus combined with it not impacting your 5/24 slots makes it a great card to apply for if you are eligible for business cards and trying to maintain your 5/24 status.  Further, the Business Gold card is a great keeper card due to the flexibility of the 4x categories.  This is especially a great option for those with high gas and shipping spend.

Final Thoughts

The American Express Business Gold card can be a great addition for those who have significant spend in the bonus categories. The card's powerful earning structure easily offsets the annual fee, despite lacking strong benefits. It's also a great option for those looking for a solid welcome offer while being mindful of their 5/24 status.

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Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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