Why You May Want To Apply For The Amex Business Gold Rewards Card

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Update: This offer for The Business Gold Rewards Card from American Express has expired. Learn more about the current offers here.


The Business Gold Rewards Card from American Express OPEN is one of American Express’ most compelling business cards. There’s also something unique about the application process that’s worth pointing out, which might make a lot more people interested in this card.

Why the Amex Business Gold Rewards Card is awesome

There’s a lot to love about the Amex Business Gold Rewards Card, including:

  • The card has a welcome bonus of 50,000 Membership Rewards points after spending $5,000 within three months; I value Membership Rewards points at ~1.7 cents each, so to me that’s worth ~$850
  • The card has a $175 annual fee, which is waived for the first year

What’s most compelling about the card, however, is the return on spend that it offers. Specifically, the card offers bonus points in the following five categories:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media
  • U.S. purchases at gas stations
  • U.S. purchases for shipping
  • U.S. computer hardware, software, and cloud computing purchases made directly from select providers

You can choose one category in which you want to earn 3x points, and then you earn 2x points in the remaining four categories. The bonus points apply to the first $100,000 spent annually in each of the five categories, so that’s potentially a lot of bonus points.

Since I value Membership Rewards points at ~1.7 cents each, that means you’re earning the equivalent of a ~3.4% return in four of the above categories, and a ~5.1% return in one of the above five categories.

What makes the application process unique

When it comes to applying for Amex cards, I have a couple of considerations and limitations:

Why is this card noteworthy in that regard? The Amex Business Gold Rewards Card is a charge card and not a credit card. This means that the card doesn’t have a pre-set spending limit, and you can’t finance charges over time. Why does this matter?

Bottom line

The Amex Business Gold Rewards Card is an all around compelling card with great bonus categories, a big welcome bonus, and a waived annual fee for the first year. On top of that, there are some other aspects to the card that make it even more compelling, including it not counting towards the typical Amex credit card limit, which many of us are restricted by.

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Comments

  1. My Dad has this card and wanted to add an employee card for me. Will I require a credit pull and/or will this affect me adversely when it comes to 5/24 in the future?

    Thanks for the article!

  2. Anyone know if G Suite for business codes as bonus category “U.S. computer hardware, software, and cloud computing purchases made directly from select providers”

    I currently pay $2/monthly for extra google cloud storage which does NOT qualify for it… so not sure if Gsuite codes different or what

  3. You realize Amex is ending their OPEN savings plan June 1st of this year, right? I’m actually going to cancel my BRG card because without its shipping category bonus, it’s no longer worth the annual fee to me.

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