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What are the benefits of Amex business Gold Card

The American Express® Business Gold Card is best for companies who use their cards for everyday expenses and desire to redeem rewards for travel.
The best thing about it’s that you could earn premium rewards in both categories where you may spend the most.
Remember, however, that it doesn’t offer a 0% APR period, includes a high annual fee, and doesn’t allow advance loan and balance transfer transactions.

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  • Simply get on your online account to see, with the option of downloading the
  • Please visit americanexpress.com/benefitsguide for more details.
  • So if you use food delivery and head to supermarket (like Aldi, whole food. Trader joe…) instead of Costco/target/Walmart this card is a keeper.

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Tricia has nearly 2 decades of experience in commercial and federal government lending.

Travel Insurance Benefits

If your enterprise is still relatively small, you might not be ready for a credit card with a $295 annual fee.
You might also not spend enough money each month to take advantage of the Amex Business Gold’s most effective rewards, just like the 70,000-point bonus you can generate after spending $10,000 in the first three months.

A FICO credit history of 670 or more shows you have good credit, and that—along with your credit history, personal and business information, and income—will help American Express determine whether you’re a creditworthy applicant.
Cards from American Express include industry-standard security precautions, including fraud and online account protection.
If your card is lost or stolen, the company will replace it for free through the American Express Go portal.
Other ways to increase your rewards include pairing Amex cards and taking advantage of Amex Offers.
With the Amex Business Gold, you’ll get access to a year-end summary, provided at the start of the new year.
Simply get on your online account to see, with the option of downloading the information as an Excel file or PDF.

The American Express® Business Gold Card isn’t necessarily among those showy new bank cards with a giant welcome bonus.
It doesn’t offer flashy benefits like hotel elite status or airport lounge access, so you’ll need to dig deeper to get the real value of the card.
Business owners with an obvious knowledge of their company’s needs will enjoy the customizable rewards available to them through the American Express® Business Gold Card.
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With the Business Gold, your transferred points need to be worth at the very least 1.25 cents once you element in the 25% redemption bonus.
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Interest Rates

Our $10,000-a-month charge card budget was based on data from the credit bureau Experian which shows that for the next quarter of 2022, the average commercial credit card limit was $56,000.
From there we assumed companies would use about 20% of their available credit, roughly in-line with national averages.
Still the card’s lucrative bonus rewards, plus a generous sign-up bonus of 70,000 points after spending $10,000 in the first three months, led us to name it Buy Side from WSJ’s Best Business Credit Card for 2022.
The American Express® Business Gold Card is right in the middle of American Express’ business charge card offerings – It’s not probably the most premium credit card on Amex’s list, nonetheless it isn’t an entry-level charge card, either.
As the Business Gold Card is a charge card, that does not mean companies can’t enjoy the possiblity to carry a balance.
American Express offers a special “Pay Over Time” feature that allows businesses to finance select purchases of $100 or more at a competitive APR.
Rakuten normally offers cash return rewards, but Membership Rewards credit card holders can opt directly into receive Membership Rewards points instead.

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  • Car Rental Loss or Damage Coverage emerges through American Express Travel Related Services Company, Inc.
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  • If you’ll save money than $7,500 a year in 4x categories, take advantage of a few Amex Offers, and use the points you earn for high-end travel experiences, you’ll find plenty of value in the card.

You’ll receive 25% of the Membership Rewards back that you redeem for award flights for the airline of preference through Amex Travel.
The maximum annual rebate is 250,000 points.All award flight bookings for other airlines usually do not have the 25% redemption bonus.

How We Make Money

Even with its steep annual fee of $295, the American Express® Business Gold Card can be lucrative for small business owners who spend heavily in its bonus categories. [newline]However, the rate of just one 1 point per dollar spent outside of those categories could make it smart to pair this card with a high-earning, flat-rate points card for spending outside the bonus categories.
The Amex Blue Business Plus card, for example, offers 2 Membership Rewards points per dollar allocated to everyday business purchases up to $50,000 per year and has no category restrictions.
business credit card—as opposed to a charge card—with no annual fee and a generous rewards rate, think about the Chase Ink Business Unlimited® card, our pick for Best Business Credit Card for Simplicity.
When evaluating points rewards business bank cards like the American Express® Business Gold Card, we first consider both ongoing and introductory rewards.
We also take into account the annual fee, introductory and ongoing annual percentage rates (APRs), along with other benefits.