Small businesses need to constantly reassess their spending and spending habits to keep their business running. You should also check to see if you can get the product from other suppliers at a lower price, and also consider the credit card(s) that you are investing in to get the best possible profit on your purchase.
Another important consideration is whether the small business credit card you’re using is worth the annual fee. Are the perks and benefits worth the price? Is it worth paying the annual fee for the card and getting bonus points for your business expenses? Or would you be better off with a different credit card?
of american express business gold card The annual fee for is $295 (see Fees & Fees). Consider these questions to determine if this card is worth the annual fee.
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welcome bonus
New applicants for the Amex Business Gold Card will earn 70,000 bonus Membership Rewards points after spending $10,000 on purchases within the first three months of card membership.
According to the latest ratings, Membership Rewards points are worth 2 cents. This makes this bonus worth $1,400 and will definitely bring him 14% of his return on his spending during the Welcome offer period.
Related: How to Redeem Your American Express Membership Rewards for Maximum Value
25% airline bonus
When cardmembers use points to pay for flights through American Express Travel, 25% of the points are returned. This applies to business and first class flights on any airline, or tickets in any class on your preferred airline (which must be pre-selected). This feature allows cardmembers to receive up to 250,000 points per year.
Related: Full Amex Business Gold Card Review
Adaptive bonus earnings
Many credit cards have categories where you can earn 3 points per dollar per month, here 2 points per dollar spent. Instead, the Amex Business Gold Card gives you bonus income wherever you spend most today.
Cardmembers earn 4 points per dollar spent in the two most-used categories each billing cycle. This applies to her first $150,000 purchase in the bonus category each year (he gets 1 point for every $1 thereafter). The categories of bonuses are:
- Tickets purchased directly from the airline.
- US purchases for advertising in select media (online, television, or radio).
- Purchased directly in the USA from select technology providers of computer hardware, software and cloud solutions.
- Purchased at a gas station in the US.
- Purchases made at U.S. restaurants, including takeout and delivery.
- US purchases for shipping.
Cardmembers earn 1 point for every dollar spent on all other purchases. There is no limit to the number of points you can earn in a year.
Related: What credit score do you need for the Amex Business Gold Card?
Small Business Perks
Amex Business Gold primary cardholders have access to several business-related benefits. These benefits include year-end summaries, automatic expense classification with Intuit QuickBooks, and bill payment service with Vendor Pay by Bill.com. This feature is free for the first user, the second user he is free for 6 months and the second user is $15 per month. Pre-registration is required for this benefit.
Primary cardmembers can also add an employee card with an annual fee of $50 for the Business Gold Card and no annual fee for the Business Green Card (see Rates & Fees). These cards help key account holders earn rewards for employee spending while controlling and limiting employee spending where appropriate. In fact, you can even designate someone else as your account manager to handle many of these functions.
The Amex Business Gold Card is not a traditional credit card and has no preset spending limits. This means that the amount you can spend on your card will vary depending on your creditworthiness, payment history, relationship with American Express, and more. Additionally, you may be eligible to enroll in Pay Over Time on your card and Amex may send you targeted offers of bonus points for enrolling in this feature.
RELATED: 6 Lesser-Known Perks of the Amex Business Gold Card
Travel and shopping benefits
Main cardholders have access to reservations in the Amex Travel hotel collection. These reservations are subject to a two night minimum stay, but receive benefits such as a $100 onsite credit that can be used for dining, spa, resort activities, room upgrades at check-in (if available), etc. I can.
As an American Express card, cardholders have access to Amex offers. This allows you to offer savings or bonus points on qualifying purchases for eligible cardholders. Amex Business Gold Cardmembers also enjoy multiple shopping and travel protections. This includes additional her 1-year extended warranty* and 90-day purchase protection* against stolen or accidentally damaged items (up to $1,000 per occurrence, up to $50,000 annually). While traveling, Cardmembers also get secondary rental car insurance** and baggage insurance* up to $1,250 for carry-on bags and $500 for checked bags, in addition to what your transportation provider offers.
Related: The Complete Guide to Protecting Your American Express Card Shopping
* Eligibility and privilege levels differ depending on the card. Terms and restrictions apply. For more information, visit americanexpress.com/benefitsguide. Policy is underwritten by the AMEX Assurance Company.
** Eligibility and benefit levels vary by card. Not all vehicles or rentals qualify and geographic restrictions apply. Terms and restrictions apply. For more information, visit americanexpress.com/benefitsguide. Policy is underwritten by the AMEX Assurance Company. Coverage is provided through American Express Travel Related Services Company, Inc.
Conclusion
The Amex Business Gold Card doesn’t have the elite status or free hotel night proofs found in Travel Rewards credit cards. Instead, we focus on giving small business owners the tools they need to keep track of their finances. points can be earned. Plus, if you pay with points, you’ll get a 25% points rebate on your flights.
For most small business owners, the value of the Amex Business Gold Card is based on the protection it offers and the points you earn on purchases. If these add value to your business, it’s a good fit. If your spending category does not match this card, we recommend that you get another card that more closely matches your spending category.
Official application link: american express business gold card Spend $10,000 within the first three months of your cardmembership and receive a welcome bonus of 70,000 bonus points.
Click here for Amex Business Gold Card rates and fees.