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American Express® Business Gold Rewards Card Review
The Bottom Line
The American Express® Business Gold Rewards Card is an excellent choice for business owners who also travel seeking an entry-level card that offers a strong balance of generous travel benefits without excessive costs. With a relatively low annual fee, this card provides flexibility and a range of perks that make it stand out among other options.
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Welcome Bonus
Earn 40,000 bonus Membership Rewards® points
Annual Fee
$199
Interest Rates
21.99% - 29.99%* / N/A*
Rewards
- 1x point per $1 spent on all purchases
- 10,000 points each quarter when you charge $20,000 in net purchases to your card
Insurance
Coverage
Mobile Device Insurance
$1,000
Flight Delay
$500Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Common Carrier Travel Accident Insurance
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Car Rental Damage & Theft
yes
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
Amex Experiences™
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Travel Credit
Book two or more consecutive nights at participating properties through The Hotel Collection with American Express Travel to receive a $100 credit for amenities or a complimentary room upgrade, if available.
Priority Travel
Enjoy premium benefits at the Toronto Pearson Airport, including access to the Pearson Priority Security Lane and discount on parking.
Eligibility
Credit Score
GoodAnnual Income
N/A
*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check here for full details and current product information.
Welcome Bonus Details
- Earn 40,000 bonus Membership Rewards® points
- Earn a welcome bonus of 40,000 Membership Rewards® points after spending $7,500 in purchases within the first three months of Cardmembership
- Plus, earn 10,000 bonus points in each calendar quarter when you spend $20,000 or more. That could add up to $400 in value every year
- That’s $400 in statement credits that can be reinvested in your business
Card Details
Interest Rates
Purchase APR
21.99% - 29.99%*
Cash Advance APR
N/A*
* This charge Card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full charge. This rate is effective from the day account is opened. The Preferred rate of 21.99% applies to your Flexible Payment Option balance. If you have 2 separate Missed Payments in a 12 month period, the Flexible Payment Option rate for your account will be 25.99%. If you have 3 or more separate Missed Payments in a 12 month period, the Flexible Payment Option Rate will be 29.99%. These rates are effective from the day the Flexible Payment Option is first available on your account.
Fees
Annual Fee
$199
Additional Cards
$50
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Pros & Cons
Pros
- Flexible Rewards: Enjoy flexible Membership Rewards point conversion with up to 2.1 cents per point in average value.
- Travel Perks: Includes $100 annual travel credit when you spend at least 2 nights through booking with the Hotel Collection with American Express Travel
Cons
- Foreign Transaction Fees: A 2.5% fee applies to foreign transactions.
- Limited Travel Insurance: No travel medical insurance, trip cancellation or interruption coverage.
- Lower Acceptance: As an American Express card, it may have lower acceptance compared to Visa or Mastercard.
American Express® Business Gold Rewards Card
4.0
FinlyWealth Rating
on American Express' website
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