American Express® Business Gold Card Review

This card is designed with high-spending businesses in mind. You earn Membership Rewards® points on the two select categories where your business spent the most each month. (The 4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*)
By Brooklyn Lowery  CardRatings Senior Manager  | Updated

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American Express® Business Gold Card

American Express® Business Gold CardSponsored card
Our Rating:   
Good, Excellent
on American Express's secure website

CardRatings Editor's Analysis: Pros & Cons

  • This card has high spending caps in each of the bonus categories, so businesses with higher spending needs can enjoy more rewards from the outset.
  • Membership Rewards® points are highly valued in the rewards credit card world and can be redeemed for everything from travel to gift cards to dinners out and more.
  • Earn 70,000 bonus Membership Rewards® points after spending $10,000 in the first three months.
  • While not sky-high, the annual fee only makes sense if your business spends enough annually to more than offset it with the rewards you earn.
Terms and Limitations Apply

American Express® Business Gold Card Essentials

American Express® Business Gold Card is a high-rewards card geared to small businesses that offers generous Membership Rewards® points and plenty of perks to keep cardholders happy for the long term. (American Express is a CardRatings advertiser)

The card offers 4x Membership Rewards® points on the two select c ategories where your business spent the most each month. (4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.) You also pick up 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year. Furthermore, new cardholders can earn 70,000 bonus Membership Rewards® points after spending $10,000 in the first three months.

You can redeem points with 500 brands in travel, merchandise and entertainment, dinners to take out new or existing clients, and gift cards to reward your employees.

While the $295 annual fee is higher than some business credit cards, for all you get in return, it could turn out to be well worth it. See Rates and Fees.

Top Features

 Rewards
MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. ** **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
 Bonus Rewards
Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
 Annual Fee

What Our Editors Like Best About American Express® Business Gold Card

The card is great for business-related purchases, especially for travel, such as airline costs and gas, as well as shipping.

American Express® Business Gold Card is geared toward businesses that routinely make big purchases - the four times Membership Rewards® points on the two select categories where your business spent the most each month is for the first $150k in combined purchases from these two categories each calendar year, so you can amass some serious points if you max out your spending in each of those categories.

Additionally, enjoy no foreign transaction fees, which can stretch your international dollar.

Potential Downsides of the American Express® Business Gold Card

The annual fee of $295 is hefty, so make sure your business spends enough in the various categories to rack up the rewards that will offset that fee.

How American Express® Business Gold Card Compares to Other Business Cards

American Express® Business Gold Card vs. Capital One Spark Cash for Business

The Capital One Spark Cash for Business card's cash-back program isn't as generous as that of the American Express card, but it also doesn't have limitations. You get unlimited 2 percent cash back on all your purchases, so you get the same amount no matter what you buy or how much of it.

The Capital One Spark Cash for Business card's $95 annual fee is obviously more affordable than the American Express® Business Gold Card's $295 fee. The fee becomes irrelevant, of course, if you more than offset it with your rewards.

With the Spark® card, earn a one-time $500 cash bonus once you spend $4,500 on purchases within three months from account opening.

This decision really comes down to where you spend your money and which card will better reward you based on that spending.

American Express® Business Gold Card vs. Ink Business Preferred® Credit Card

The Ink Business Preferred® Credit Card offers 100,000 bonus points after you spend $15,000 in the first three months, a substantial bonus. Plus, those are Chase Ultimate Rewards® points - highly valued and easily transferable to a wide range of loyalty programs.

On the Chase card, you earn three points per $1 on the first $150,000 in select categories each account anniversary year, including travel, shipping, Internet, cable and phone services and advertising charges made through social media sites and search engines. You also get one point per $1 on all other purchases with no limit.

The Chase card has a $95 annual fee (the first year fee is NOT waived), and, like the American Express card, the Chase card does not have foreign transaction fees.

Once again, the Ink Business Preferred® Credit Card is a credit card so you don't have to pay off the balance each month. This relatively new business card also offers the rare perk of cellular telephone coverage for the primary line on the account as well as any employee phones on the same account as long as the bill is paid with your Ink Business Preferred® Credit Card each month.

American Express® Business Gold Card vs. Bank of America® Business Advantage Cash Rewards Mastercard® credit card

The first thing the stands out about the Bank of America® Business Advantage Cash Rewards Credit Card is that there is no annual fee. The Bank of America® Business Advantage Cash Rewards Credit Card offers a $300 statement credit after spending $3,000 in purchases within 90 days of the account opening.

The Bank of America card allows cardholders to choose where they'll earn 3% cash back from among the following list: gas stations (default), office supply stores, on travel, TV/telecom and wireless, computer services or business consulting. Cardholders also earn 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year 1% thereafter); and 1% cash back on all other purchases.

You can redeem your cash rewards for statement credit or apply them to a Bank of America savings or checking account.

This probably isn't the best option for businesses that engage in foreign travel as there is a foreign transaction fee on all your purchases on the card while abroad.

Who Should Get This Card?

American Express® Business Gold Card is perfect for people who don't mind paying a high annual fee with the understanding that you get benefits with the card that make the fee worthwhile.

The 4x Membership Rewards® points on the two select categories where your business spends the most each month (4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year) program is generous, and getting 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year is really nice.

There are no foreign transaction fees so the American Express card is a great option for small businesses that spend internationally.

To see the rates and fees for the American Express® Business Gold Card, please visit the following link: See Rates and Fees.

American Express® Business Gold Card Compared to Other Reward Cards

Apply online for Capital One Venture Rewards Credit Card
Apply online for Citi Premier® Card
Citi Premier® Card
Apply online for Chase Sapphire Reserve®
Chase Sapphire Reserve®
Apply online for The Platinum Card® from American Express
The Platinum Card® from American Express
Rewards
MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. ** **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.* 
Rewards
2 Miles per dollar on every purchase, every day. 
Rewards
Earn 3 Points per $1 spent at Restaurants and Supermarkets. Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels. Earn 1 Point per $1 spent on all other purchases. 
Rewards
3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases. 
Rewards
Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That's an additional 9 points on top of the 1 point you earn for these purchases. Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year. 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel. 
Bonus Rewards
Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.* 
Bonus Rewards
100,000 Miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months  
Bonus Rewards
Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening.  
Bonus Rewards
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.  
Bonus Rewards
Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.  
Annual Fee
$295 
Annual Fee
$95 
Annual Fee
$95 
Annual Fee
$550 
Annual Fee
$550 
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Terms and Limitations Apply
Apply Now
Terms and Limitations Apply

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