The American Express® Business Gold Card: Is It A Good Business Card?

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Editor's Rating

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The card provides great benefits and business solutions, but won’t pay off unless your company earns enough rewards from annual spending to come out ahead of the high annual fee.
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Editor's Rating

?
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The card provides great benefits and business solutions, but won’t pay off unless your company earns enough rewards from annual spending to come out ahead of the high annual fee.
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The American Express® Business Gold Card is a business card that can provide big rewards provided your business is spending a lot of money in select categories. The thing to be careful about is that the card has a very high annual fee ($295 per year - See Rates & Fees). That means that in order for this card to make sense for your business, you'll need to earn enough rewards to offset that annual fee.

Review: Is the American Express® Business Gold Card Worth It?

American Express® Business Gold Card

$295

14.24% - 22.24% Variable

Good/Excellent

  • Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • 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.*
  • AIRLINE BONUS: Get 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.*
  • PAY OVER TIME OPTION: A flexible payment option with interest to help manage cash flow on purchases of $100 or more.*
  • *Terms Apply
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The American Express® Business Gold Card is an excellent business card for companies that have high expenses in very specific categories. The card awards users with 4x points per dollar on the 2 categories where users spend the most each billing cycle from the list below:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media (online, TV, radio)
  • U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
  • U.S. purchases at gas stations
  • U.S. purchases at restaurants
  • U.S. purchases for shipping

It's important to note that the 4x points applies to the first $150,000 in combined purchases from these two categories each calendar year. After you exceed the $150,000 cap, you'll be earning 1 point per dollar. We value the points you earn with the card to be worth $0.01 each, therefore we estimate that the rewards rate on this card will range between 1% and 4%. A 4% rewards rate is among the most competitive rewards rates we've seen on any business card.

Though this card provides a high rewards rate, keep in mind that it also comes with a high annual fee of $295. This means that if your company isn't using its credit card for large purchases, or frequently, then this card may not make sense for your business. If you're unsure whether your company spends enough to offset such a high fee, we recommend exploring different options.

Bottom Line: The American Express® Business Gold Card is a solid card that packs a lot of value, however, businesses should double check whether or not they can get enough out of it to justify the high annual fee.

For rates and fees of the American Express® Business Gold Card, please click here.

How Does the American Express® Business Gold Card Compare To Other Business Cards?

In order to better understand whether the American Express® Business Gold Card is worth applying for, we took a look at how it performs when compared to its leading competitors.

The American Express® Business Gold Card vs The Business Platinum Card® from American Express

If during the course of running your company, you find yourself flying on airlines a lot, The Business Platinum Card® from American Express may be a great option. This card is fundamentally different from the American Express® Business Gold Card. Instead of focusing on earning points, The Business Platinum Card® from American Express is all about providing travel perks and amenities that will make it easier for a business traveler to operate on the go. The Business Platinum Card® from American Express provides access to airport lounges, concierge services, and airline fee discounts. While it does come at a significantly higher price point - $595 per year (See Rates & Fees) – anyone taking advantage of the lounge access will be automatically coming out ahead in terms of net value.

For rates and fees of The Business Platinum Card® from American Express, please click here

The American Express® Business Gold Card vs Ink Plus® Business Credit Card

Ink Plus® Business Credit Card
This product is not available through ValuePenguin.
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The Ink Plus® Business Credit Card is one of our favorite small business credit cards, especially for companies that spend heavily on internet, cable, cellphone and landline services or office supply stores. In these, cardholders will earn 5 points per $1 on the first $50,000 spent in combined purchases. The award points earned are Ultimate Reward points, which we value at $0.0125 each –- 25% better than Membership Reward points by our calculations. The Ink Plus® Business Credit Card also comes with one of the best welcome bonuses around: Earn 60,000 bonus points after you spend $5,000 in the first 3 months. We estimate this bonus to be worth around $750 when used toward travel rewards redeemed through the UR portal.

The information related to the Ink Plus® Business Credit Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. This offer is no longer available.

The American Express® Business Gold Card vs Business Green Rewards Card from American Express

The Business Green Rewards Card from American Express and the American Express® Business Gold Card are two vastly different cards. The former comes with a much lower annual fee of $0 introductory annual fee for the first year, then $95 (See Rates & Fees), while the latter comes with an annual fee of $295. The Business Green Rewards Card from American Express card allows users to earn 1 point per dollar spent on eligible purchases and 2 points per dollar spent at AmexTravel.com. Both of these cards can be highly rewarding, so we recommend you opt for the one that most closely aligns with your business' expenditures.

For rates and fees of the Business Green Rewards Card from American Express, please click here.

Compare Credit Cards

We built the following interactive tool in order to help businesses determine the right credit card option based on their expenditures. The tool provides our estimated 2-year net value for each card offer, and ranks them accordingly.

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Assumptions based on $1,430 monthly spend
Monthly spending:
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{"cardCategory":"rewards","cardIds":"2,33,7","initialResultsLimit":5,"endpoint":"https:\/\/creditcards.valuepenguin.com\/api\/creditcards\/models\/rewards","onCurrent":true}

The information related to the Business Green Rewards Card from American Express has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.Terms apply to American Express credit card offers. See americanexpress.com for more information.

Joe Resendiz

Joe Resendiz is a former investment banking analyst for Goldman Sachs, where he covered public sector and infrastructure financing. During his time on Wall Street, Joe worked closely with the debt capital markets team, which allowed him to gain unique insights into the credit market. Joe is currently a research analyst who covers credit cards and the payments industry. He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).

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