Amex Gold Business Card: A Deep Dive Into The Possible Benefits

Amex Gold Business Card: The Amex Business Gold card now earns 4 Membership Rewards points for every $1 spent in the 2 categories where your company spends the most money each month, up to a combined annual limit of $150,000, 3 points for every $1 spent on flights and pre-paid hotels booked on amextravel.com, and 1 point for every $1 spent on all other purchases. Notably, the categories that now qualify for the card’s highest rewards rate include electronics, wireless (in the US), and transportation.

Amex Gold Business Card Bonus

The bonus categories for Amex Business Gold include:

• US purchases for some media (internet, TV, radio) advertising.
• Gas station purchases made in the US.
• Dining out in the United States, including takeaway and delivery.
• Payments for monthly wireless telephone service fees made to American wireless telephone service providers.
• Direct purchases made in the United States from software and cloud service providers and dealers of electronic products.
• Purchases related to public transportation, such as buses, trains, taxis, ride-sharing services, ferries, tolls, and parking.

It is simple to understand why the Amex Business Gold card comes in first place on our list of the best American Express business cards given the upgraded rewards structure and the additional features we’ll cover below.

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Amex Gold Business Card Benefits

Service and Protection Benefits

The upgraded Amex Business Gold card comes with a useful new perk. Following damage or theft, cardholders may be compensated for repair or replacement costs (whichever is less). Your prior month’s cellular bill must have been paid in full using your Amex Business Gold card in order to be eligible, and there is a $800 cap on any claim. Each authorised claim is subject to a $50 deductible, with a maximum of two authorised claims per calendar year. There are additional rules and regulations.

The Amex Business Gold card also offers the following additional services and security features:

• Pay Over Time: You can carry a balance (with interest) on eligible purchases up to your Pay Over Time Limit, which can help you manage your cash flow. The APR ranges from 19.49% to 27.49%.
• Purchase protection: Receive compensation or a replacement for any qualified goods purchased with your Amex Business Gold card that are misplaced, stolen, or broken – up to $1,000 per incident and $50,000 per calendar year. Each card has a different eligibility and benefit level. There are restrictions, terms, and conditions.
• Extension of warranty: Get an additional year of protection on eligible U.S. manufacturer warranties that are valid for a period of five years or less. Up to $10,000 per claim is covered (up to $50,000 per card member account per calendar year). Each card has a different eligibility and benefit level. There are restrictions, terms, and conditions.

Travel Benefits

On flights and prepaid hotels booked through AmexTravel.com, cardholders can now earn additional points on travel at a higher rate. Prior to the refresh, cardholders could receive 2 points for every $1 spent on travel (assuming it wasn’t a major business expense). This improved rate is comparable to some of the top travel rewards credit cards available right now. Additionally, the new rewards structure exempts travel booked in this manner from the $150,000 annual spending limit.

When you reserve a hotel room through The Hotel Collection with American Express Travel, you’ll receive perks at participating properties when you stay at least two nights straight. These benefits include a $100 experience credit (experience credit varies by property) to use on qualifying dining, spa, and resort activities as well as a room upgrade upon check-in only, when available. There are some accommodation classifications that cannot be upgraded.

The following travel safety measures will also be available to you:

• Plan for baggage insurance: Get coverage for lost, damaged, or stolen baggage up to $1,250 for carry-on luggage and $500 for checked baggage when you purchase your ticket with the Amex Business Gold card. For all covered travellers on a trip, New York state residents are subject to a $10,000 aggregate maximum. Each Card has a different eligibility and benefit level. There are restrictions, terms, and conditions.
• Car rental loss and damage insurance: Offers supplemental coverage when using your Business Gold card to reserve a qualifying vehicle but declining the rental agency’s insurance.
• Travel delay coverage: This benefit may cover up to $300 if you have a round-way ticket and your trip is delayed for a qualifying reason for more than 12 hours.
• Global Assist Hotline: Available 24 hours a day, 7 days a week for emergency coordination and assistance services such as medical, legal, financial, or other specific services when travelling more than 100 miles from home. The costs of third-party services can fall under your purview. The amount of eligibility and benefits vary by card. Conditions, Restrictions, and Terms Apply.

In addition to these advantages, American Express waives foreign transaction fees when you use your card to make purchases outside of the United States, so Amex Business Gold members don’t have to worry about them.

Business Benefits

Business advantages provided by the Amex Business Gold card include:

• Up to $20 monthly in statement credits: Get statement credits of up to $240 annually (registration required) for qualifying purchases made at FedEx, Grubhub, and office supply businesses.
• A credit for Walmart+ membership: Get a statement credit up to $155 per year that covers the monthly cost of a Walmart+ membership when you pay for it on a monthly basis (subject to auto-renewal). With this benefit, company owners can benefit from Walmart+ perks like free delivery on all orders and discounted petrol at certain petrol stations. enrollment is necessary.
• With QuickBooks sync: Enrol to have your card transactions automatically categorised with your QuickBooks categories to simplify bookkeeping.

Entertainment Benefits

Although Amex does not specifically advertise the Amex Business Gold card as having entertainment benefits, you should be aware that if you sign up for the monthly statement credit and a Walmart+ membership, you will also have access to the Paramount+ streaming service since it is a part of every Walmart+ membership.

The American Express Business Gold Card offers up to $20 in flexible statement credits each month (up to $240 per year) for eligible purchases, which includes spending with Grubhub, even though it doesn’t offer as many dining statement credits as the personal version of this card, the American Express® Gold Card (terms apply, rates & fees).

Additionally, up to the annual spending limit on the card’s maximum rewards rate, you will earn higher rewards on purchases made in the United States at restaurants, including takeaway and delivery.

How to maximise the Amex Gold Business Card Benefits?

In order to earn a welcome bonus and maximise your point potential with any new credit card, satisfy the minimum spending requirements. The Amex Business Gold card offers 4 Membership Rewards points for every $1 spent in the 2 categories where your company spends the most money each month, up to a combined annual limit of $150,000, 3 points for every $1 spent on flights and pre-paid hotels booked on amextravel.com, and 1 point for every $1 spent on all other purchases.

Prioritise using the card for continuing purchases that fall into the card’s flexible bonus spending categories. You can earn a healthy 600,000 Memberships Rewards points on that spending if you use the bonus categories to their full potential up to the $150,000 spending cap per calendar year.

Additionally, sign up for the statement credit offers with your card to receive up to $240 in flexible annual business statement credits. Following membership, purchases made at FedEx, Grubhub, and office supply businesses are eligible to earn up to $20 in monthly statement credits.

For business owners who can take advantage of the membership’s fuel discounts and free shipping, the redesigned Amex Business Gold card now includes a credit for a Walmart+ membership.

The Walmart+ membership credit and statement credits, if completely utilised, can greatly lessen the $295 ($375 if application is received on or after 2/1/24) annual charge for the card.

Additionally, keep an eye out for any pertinent Amex Offers that appear in your Amex mobile app or online account. These are targeted offers, but if you sign up, you can gain cash rebates on well-liked goods and services in the form of a statement credit to reduce your card amount.

FAQs: Frequently Asked Questions

What credit score is required to qualify for the Amex Business Gold card?

There is no stated minimum credit score requirement for the Amex Business Gold card. However, in order to be approved, applicants normally need to have strong to excellent credit, which is frequently described as a FICO Score of 670 or higher.

Does credit limit exists on the Amex Business Gold card?

There is no fixed spending cap on the Amex Business Gold card. However, with the exception of purchases made with your Pay Over Time balance, you must pay your balance in full each billing cycle.

Additionally, your Pay Over Time balance has a cap. Any purchases made over that amount are subject to monthly repayment in order to avoid interest charges.

What distinguishes Amex Gold from Amex Business Gold?

The main distinction between the Amex Gold and Amex Business Gold cards is that the business version’s earning structure is more oriented towards business owners. Regular business expenses like advertising and electronics from US service providers are included in the Amex Business Gold card’s bonus-earning spending categories. The Amex Gold card’s profits, on the other hand, are primarily from dining out and shopping at American supermarkets.

Is there a minimum income required for the Amex Business Gold card?

The Amex Business Gold card does not specify a minimum income criteria. Nevertheless, other elements will also be taken into account, including your credit rating and payment history. The best chances of being accepted belong to applicants with good credit scores (670+ on the FICO scale).