Update: This offer for the American Express® Business Gold Card has expired. Learn more about the current offers here.
Last week American Express announced a “revamp” of their Business Gold Rewards Card, rebranding it as the American Express® Business Gold Card, and launching a new slate of benefits.
Rather than earn 3X, the new Amex Business Gold has 4X bonus categories. Additionally, the bonus category cap has been bumped from $100,000 to $150,000 in the following areas:
- Airfare purchased directly from airlines
- U.S. purchases for advertising in select media
- U.S. purchases at gas stations
- U.S. purchases at restaurants
- U.S. purchases for shipping
- U.S. computer hardware, software, and cloud computing purchases made directly from select providers
While the card has competitive features and earning categories, the public welcome bonus is a bit lackluster. New cardmembers can receive up to one year free of G Suite Basic (for up to three users) and ZipRecruiter Standard. These offers only apply to your first 12 months with the card.
As I’m sure other small businesses do, we spend quite a bit on G Suite, so that $200 statement credit certainly wouldn’t go to waste. The ZipRecruiter benefit is theoretically for up to $2,988, charged to your new Business Gold Card within the first 12 months of Card Membership, but that’s also a more specific need, and won’t be applicable to as many small businesses.
That being said, Amex has now made the Business Gold available through their referral channel, and if you’re referred by a friend you can earn 50,000 Membership Rewards points for making $5,000 in net purchases on the card in the first three months.
Note that with both the public and referral offers, the $295 annual fee is not waived.
I think the new Business Gold is a compelling card, and well worth considering, though keep in mind American Express limits bonuses to once per lifetime. If you want to get the card right away, and aren’t going to use the Zip Recruiter benefit, the 50,000 Membership Rewards point offer is probably the better option.
Otherwise, as this is a new card, and there seems to be some market testing happening, it might be worth holding off for a bit to see how the welcome bonus evolves.
If you have other small business or Membership Rewards cards from American Express, you should be able to refer friends to this card even if you don’t have the new version yourself yet. This is our personal link (not an OMAAT affiliate link), but feel free to post your referral link below if you’d like!