AMEX Gold Rewards Business Credit Card
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The AMEX Gold Rewards Business Credit Card currently boasts an enticing welcome offer valued at $700. However, its long-term rewards may not be as significant unless you are able to consistently charge substantial amounts, such as $20,000 each calendar quarter. By meeting this spending threshold, you can earn an additional 10,000 points, bringing the total to 40,000 points annually, which equates to approximately 1.5% value back on your spending. While this card is recommended for travel due to its limited insurance coverage, it can also be advantageous for your business, thanks to its array of cash flow solutions.
Welcome Bonus Offer: If you spend $5,000 within the first three months, you will receive 70,000 Rewards points, which are valued at around $700. Furthermore, if you spend $20,000 within a calendar quarter, you will also be awarded an additional 10,000 points.
Card Summary
The credit card includes a $199 annual fee and a $50 fee for a supplementary card. It also has a 30% interest rate on purchases and a 20.99% interest rate on the Flexible Payment Option. Additionally, it offers up to 55 days of interest-free period (Conditions Apply).
Rewards Summary
Enjoy a fantastic bonus offer of 70,000 points when you spend $5,000 on your card within the first three months. Additionally, if you spend $20,000 on your card within a calendar quarter, you will receive an extra 10,000 points, up to a total of 40,000 points every year. You will earn 1 point for every dollar spent on purchases. This translates to a rewards ratio of approximately 1% value back.
Benefits Summary
– Your credit card has a flexible spending limit based on your credit history and record.
– Payment flexibility on outstanding balances.
– Enjoy up to 55 interest-free days.
– Take advantage of a versatile redeeming program for rewards.
– Access an Expense Management Report to keep track of your spending.
– Benefit from dedicated Business Servicing support.
– Protect against employee card misuse.
– Gain access to exclusive AMEX Experiences.
– Make the most of special offers through AMEX Offers.
Coverage Summary
– Car Rental Insurance
– Lost Baggage Coverage
– Hotel Burglary Insurance
– Flight Delay Protection
– Travel Emergency Assistance
– Travel Accident Insurance
– Purchase Protection Plan for your purchases
– Insurance for your Mobile Devices
– Buyer’s Assurance Protection Plan
Editor Review: AMEX Gold Rewards Business Credit Card
The AMEX Gold Rewards Business Credit Card offers a robust array of features tailored to the needs of business owners who prioritize travel and want flexible payment options. However, its benefits and rewards structure may not be universally appealing, particularly for businesses with lower spending thresholds.
Welcome Bonus and Rewards
The card’s standout feature is its substantial welcome bonus. New cardholders can earn up to 70,000 Rewards points, valued at approximately $700, by spending $5,000 within the first three months. Additionally, if you manage to spend $20,000 within a calendar quarter, you earn an extra 10,000 points. This quarterly bonus can add up to 40,000 points annually, offering around 1.5% value back on your spending. While these rewards are appealing, they are most beneficial for businesses with high spending volumes.
Fees and Interest Rates
The AMEX Gold Rewards Business Credit Card comes with an annual fee of $199 and an additional $50 fee for each supplementary card. The card’s interest rates are quite steep, with a 30% rate on purchases and a 20.99% rate on the Flexible Payment Option. However, you can take advantage of up to 55 interest-free days, provided you meet the conditions.
Benefits and Perks
Cardholders enjoy a flexible spending limit that adjusts based on their credit history and financial behavior. The card also offers a flexible payment plan, which can be a lifeline for businesses needing to manage cash flow more effectively.
Additional benefits include access to an Expense Management Report, dedicated Business Servicing support, and protection against employee card misuse. The card also provides access to exclusive AMEX Experiences and special offers through AMEX Offers, adding further value for business owners.
Travel and Purchase Coverage
For frequent travelers, the card offers a comprehensive suite of insurance benefits. This includes car rental insurance, lost baggage coverage, hotel burglary insurance, flight delay protection, travel emergency assistance, travel accident insurance, and mobile device insurance. Additionally, the card includes a Purchase Protection Plan and a Buyer’s Assurance Protection Plan, providing peace of mind for your business purchases.
Overall Assessment
The AMEX Gold Rewards Business Credit Card is a solid choice for business owners who can leverage its high spending thresholds to maximize rewards. The generous welcome bonus and the potential for substantial annual points accumulation are attractive, but the card’s value diminishes for businesses with lower expenditure levels. The array of travel insurance and purchase protections make it particularly suited for business travelers. However, the high annual fee and interest rates should be carefully considered against your business’s financial habits and needs.
In summary, this card is best suited for businesses with significant monthly expenditures, particularly those with frequent travel needs. If you fall into this category, the AMEX Gold Rewards Business Credit Card offers a competitive rewards program and a host of valuable benefits.
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Disclaimer: Refer to the credit card official web page for the latest up to date rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
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