Amex Takes The Business Gold Card To New Heights – 4x Categories And More!

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It seems American Express is really looking to compete for your business. Only a month ago, they relaunched the American Express® Gold Card with revamped 4X bonus categories and new perks and now they’ve done the same with the new American Express® Business Gold Card — previously, the Business Gold Rewards Card.

While this card was already quite useful, I have a feeling this might become THE card for many business owners. I can think of a few friends who are probably popping champagne over the thought of how many points they can earn.

So, what does the Amex Business Gold have to offer?

American Express Business Gold Card bonus categories

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 — this matches the cap on the Ink Business Preferred℠ Credit Card‘s bonus categories.

The bonus categories are as follows:

  • 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 older version of the card required you to select one category to earn 3X while the others would earn 2X, Amex has made things a bit easier, or at least more creative with the new Amex Business Gold.

Each billing cycle, you’ll earn 4X on the two categories with which you spent the most. That means that if you spend the most on gas and shipping during one billing cycle and the following you spend the most on airfare and advertising, you’ll earn 4X on those purchases.

Considering our spending can change from month to month, I really like this aspect of the card.

Amex Business Gold benefits

The benefit that stands out for me is the 25% rebate you will receive when you book flights via Amex Travel and pay with points. Each calendar year, you can receive up to 250,000 points back as a rebate.

As with the 35% rebate that comes with The Business Platinum® Card from American Express, you can receive the rebate on all business and first class flights. Additionally, you can receive the rebate on economy flights with your selected airline — make sure you choose an airline before you try to book!

Amex Business Gold annual fee

In exchange for the increased bonus categories (and spending cap) as well as the new 25% rebate when using Amex Travel, the annual fee for the new Amex Business Gold with be $295 and it won’t be waived the first year. This is an increase of $120 from the $175 annual fee (waived the first year) that was attached to the Business Gold Rewards Card.

Amex Business Gold welcome bonus

At this time, American Express is not offering a welcome bonus on this card. A $295 annual fee (not waived) and no bonus. Yeah, okay then.

Oh, my bad, new card members can also 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.

Clearly, they were so impressed by how many people rushed to get the Barclays Arrival Premier that they didn’t feel they needed to offer any points. Everyone got the Arrival Premier, right? Oh, wait.

At this time, I don’t see a bonus offer via referral either. Hopefully, this gets fixed soon.

Existing Business Gold Rewards Card members

If you currently hold the Business Gold Rewards Card, you will not be converted to the new Amex Business Gold unless you call to request it. If you prefer, you can keep the old version and its earning and benefit structure.

We have not received confirmation as to whether it will be considered a new product but my guess is that it will not be.

American Express eligibility rules

Going with the idea that this is not a new product, if you have previously held or currently hold the Business Gold Rewards Card, you will not be eligible to receive a welcome bonus — assuming they offer one at some point.

That being said, some of you who previously held the card might find that it now compares much more favorably to the Ink Preferred. Considering the new bonus category opportunities, that might outweigh not receiving a welcome bonus.

Keep in mind that Amex typically only allows you a maximum of five credit cards at any given time. However, the Amex Business Gold is a charge card which means this limit won’t prevent you from getting it.

Initial thoughts – Amex continues to up its game

I was going to say I’m loving what Amex is doing with these card relaunches — in fact, I’d typed just that. The fact that they’re not offering a welcome bonus is just silly, though. Now, I’d just say I’m enjoying some of the changes but they need to get a grip on some things.

Anyway, 4X on your most used bonus categories per billing cycle up to an annual $150,000 spend cap is exciting. Yes, I’d like them to make things a little easier and allow us to earn 4X across all bonus categories — kind of like Chase does with the Ink Preferred, but this is still a great opportunity.

When you consider the Amex card options, having a few of them can really make sense long-term.

With the new Amex Business Gold, you can take advantage of 4X categories and pair it with The Blue Business℠ Plus Credit Card from American Express to earn 2X on all other purchases up to $50,000 per calendar year. If you’re hitting the spend caps on each card, that’s 700,000 Membership Rewards points per year. Sign. Me. Up.

Not to mention that you can throw in Amex Business Platinum — or The Platinum Card® from American Express — to earn 5X on airfare and enjoy an insane amount of lounge access.

I’m still miffed by the lack of a welcome bonus.

What do you think of the American Express Business Gold Card?

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Comments

  1. There is a new 4x category you missed:
    “U.S. purchases at restaurants” is clearly listed on Amex’s site.

  2. The bonus points on your two categories of maximum spend is a marvelous idea. Wish US Bank Cash Plus launched the same (currently you need to pick 2 categories per quarter on which you can earn 5% back).

  3. I am very excited about this card. I called and upgraded yesterday! We spend quite a bit in the “select list of tech vendors,” so an instant bonus point in that category is great. Adding 4x business dining will be a great addition to our 2 card business lineup (Amex Gold + Chase Ink Preferred.)

  4. The increased benefits on no way justify the higher annual fee, especially now that it’s not free the first year.

    Putting an exciting clickbait headline on this is like United advertising their negative changes as an improvement.

  5. @Hans

    Apple, CDW, Dell, HP, IBM, Intuit, Lenovo, Microsoft, Newegg, Oracle, Rackspace, Sage Software, Salesforce.com, Symantec, Tiger Direct

  6. 4x on shipping/advertising confirms that this should be the card of choice for ecommerce businesses everywhere. This means an extra 80k points/month for my business.

    Time to take my parents on a trip somewhere!

  7. I don’t think Amex felt they needed a sign up bonus on this card due to the fact that the target market either already has the business gold, or is in a position to earn so many points the bonus is (almost) irrelevant.

    Personally I am self-employed and spend about $50k/yr in the tech vendor category; so that’s 200k points each and every year just from one category. Even at a low valuation of MR points I am getting thousands of dollars in return. No other card comes close to this level of earning. The previous card was great; having an extra point per dollar on my primary business spend is well worth the extra $120 of tax-deductible fees per year. Plus-whichever category happens to come in second will earn me a handful of extra points as well.

    This seems to be the one card that is truly and uniquely suited to small business use. As a personal card it would be absolutely terrible for most people. But for anybody who owns a business with a moderate level of spend in one of the listed categories this card is unparalleled.

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