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American Express® Business Gold Card review

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Strong rewards for business purchases in the right categories may outweigh a higher-than-average annual fee.

  • Get this card if your business spends significantly in the card’s 4x points categories.
  • Pick something else if you want cash back or don’t want a high annual fee.
  • Apply with a good to excellent credit score of 670 or higher.


Points as welcome offer

Up to 4x



Annual fee

15.74% to 23.74%

Purchase APR (variable)


Product NameAmerican Express® Business Gold Card
Card typeAmerican Express
Annual fee$295
Purchase APR15.74% to 23.74% variable
Balance transfer APRN/A
Penalty APR29.99% variable
Foreign transaction feeNone
Late payment feeUp to $39
Late payment fee conditions$39 or 2.99% of any past due pay in full amount, whichever is greater.
Returned payment feeUp to $39
Additional cardholder fee$0
Rates & feesrates & fees

Expert review

Kevin Joey Chen

Review by

Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order and expertly navigate the cutting-edge financial tools available -- including credit cards, apps and budgeting software.

Expert review

The American Express® Business Gold Card offers businesses some interesting flexibility, offering up to 4x points on your top two expenditures among Amex’s six category choices. A solid welcome offer of 35,000 Membership Rewards® points after you spend $5,000 within the first 3 months and no foreign transaction fees further distinguish this business card.

With these perks, you’d do well to consider the card’s steep $295 annual fee. It’s also a charge card, meaning you need to pay off your entire balance each month or use the Pay Over Time option for eligible expenses.

If you’re OK with these caveats, you’ll find an interesting and flexible business card with strong travel perks and rewards for mid-sized businesses.

The perks

  • Welcome offer.

    Enjoy a welcome offer of 35,000 Membership Rewards® points after you spend $5,000 on purchases within the first 3 months from account opening.

  • Rewards: Up to 4x points.

    Earn 4x points in the two categories you spend the most in each month among American Express’s six options on up to $150,000 in combined purchases each year. After you reach that cap, your rewards rate reverts to 1x points in those categories. You’ll also earn 1x points on all other eligible purchases.

Rewards categories for the Business Gold Rewards Card from American Express

You’ll have six options to receive accelerated rewards:

  • Airfare purchased directly from airlines
  • US purchases for advertising in select media
  • US purchases at restaurants
  • US purchases at gas stations
  • US purchases for shipping
  • US computer hardware, software and cloud computing purchases directly from select providers

You’ll also like

  • Expense management tools.

    Add employee cards to your account, designate a person to manage your credit card account and use the American Express® Business App to add digital notes to your transactions via mobile or desktop. You can also label and transfer your transactions from your American Express online statements into your QuickBooks account. These can be useful features for a business owner, especially if you make many monthly purchases.

  • No foreign transaction fees.

    You won’t incur fees when you use your card abroad or on foreign websites. Typically, providers charge a 3% fee each time you use your card for an international transaction. It doesn’t sound like much, but it can add up over a trip spanning several days.

    Because the American Express® Business Gold Card comes with no foreign transaction fees, it can be a good choice for vacations or business trips.

  • Travel benefits.

    When you purchase the entire fare of your eligible transportation ticket with your American Express® Business Gold Card, you’re covered by American Express’s Baggage Insurance Plan. The plan insures your bags against theft, damage or accidental loss according to American Express’s terms. You’re also covered by Travel Accident Insurance, which provides accidental death and dismemberment coverage on eligible transportation.

    When you’re more than 100 miles from home, access the Global Assist Hotline for medical, financial, legal and other emergency assistance.

    Finally, you’ll enjoy travel benefits while traveling by car. Call the Roadside Assistance Hotline from the road if you need help with towing, battery charges and more. And when you pay for a car rental with your American Express® Business Gold Card and decline the collision damage waiver, the vehicle is covered against damage or theft.

  • Purchase benefits.

    The card extends warranties on eligible items you buy with your card. And with Purchase Protection, your eligible items may be covered against damage or theft.

    You can also access Amex Offers for extra rewards and discounts at select retail and dining partners.

What to watch out for

Best fuel cards for small business

What can I redeem Membership Rewards® points for?

Redeem your Membership Rewards® points for a variety of rewards that include:

  • Gift cards.
  • Travel.
  • Statement credit.
  • Experiences and retail products.
  • Points transfers to such frequent-traveler programs as Air France and KLM Flying Blue and Starwood Preferred Guest.
  • Merchandise and services at Amazon, Staples, Grubhub, Expedia and other American Express partners.

Membership Rewards® points tend to be the most valuable when redeemed for travel or transferred to frequent-traveler programs.

Compare business credit cards

Updated January 22nd, 2020
Name Product Rewards Purchase APR Annual fee
Ink Business Preferred℠ Credit Card
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
17.49% to 22.49% variable
80,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®
American Express® Blue Business Cash Card
2% cash back on all purchases on up to $50,000 per calendar year, then 1%
0% intro for the first 12 months (then 14.74% to 20.74% variable)
Earn 2% cash back on all purchases on up to $50,000 per calendar year, then 1%. Rates & fees
The Business Platinum® Card from American Express
5x points on flights and prepaid hotels through Amex Travel, 1.5x points if you spend $5,000 on a single eligible purchase on up to 1 million additional points per year and 1x points on all other purchases
Earn 50,000 points after spending $10,000 and an extra 25,000 points after spending an additional $10,000 on purchases in the first 3 months from account opening. Rates & fees
The Blue Business® Plus Credit Card from American Express
2x points on everyday business purchases on up to $50,000 annually, then 1x points
0% intro for the first 12 months (then 14.74% to 20.74% variable)
Earn 2x Membership Rewards® points on everyday business purchases on up to $50,000 with no category restrictions. Rates & fees
American Express® Business Gold Card
4x points on two categories on up to $150,000 combined annually, then 1x points after that and on all other purchases
15.74% to 23.74% variable
Earn 35,000 points after spending $5,000 in the first 3 months from account opening. Rates & fees

Compare up to 4 providers

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What size business is the American Express® Business Gold Card good for?

Before getting the American Express® Business Gold Card, weigh your potential rewards against the card’s high annual fee.

Giving each Membership Rewards® point an approximate value of 1 cent, you’ll need to earn 29,500 points to break even on a $295 annual fee.

Here’s how much you’ll need to spend to earn those points:

In your 4x-point categories $7,375
In your 1x-point categories $29,500

Consider whether your business spends heavily in the card’s 4x-point categories. If the answer is no, you may get more out of another rewards card.

Your Membership Rewards® points can be worth more for transfers to select airline and hotel partners

Membership Rewards® points are often worth around 1 cent apiece if you redeem them for travel. However, they could be worth much more if you transfer them to some airline and hotel loyalty programs — sometimes over 2 cents each.

What should I know before I apply?

To apply for the card, you must be:

  • At least 18 years old.
  • A US resident.

Information you’ll need

To complete the application, you’ll need to provide information about yourself and your business, including:

  • Your name and contact information, including your email address and phone number.
  • Your Social Security number and date of birth.
  • Financial information like your annual income and your monthly rent or mortgage.
  • The name of your business, its mailing address and its phone number.
  • Your employee count, business type and business structure.
  • Your years in business, annual business revenue and monthly business spending.
  • Your tax identification number.

What credit score do I need?

You’ll have a better chance of approval with a good to excellent credit score of 670 or higher. If you have a healthy business and excellent credit, your likelihood of approval is strong.

A few other factors that might affect your odds of approval:

  • Hard pulls on your credit report. If you have several hard inquiries — or hard pulls — on your report, it could imply you’re having trouble managing your debt. American Express might think you’re desperate for credit and may be less likely to take you on as a customer.
  • Factors that tie into your credit score. Your credit utilization is a major factor American Express considers. The bank prefers a customer with low balances relative to their credit limit. Having many new card accounts may be a red flag too, as it could indicate you’re desperate for credit. It may also give the impression that you’re a flighty customer who’s just hunting for welcome offers.

What do customers say about the American Express® Business Gold Card?

American Express Company has been accredited with the Better Business Bureau since 1948 and earns an overall A+ rating. However, as of this writing, 90% of its reviews are negative — and it’s attracted nearly 3,000 customer complaints. Amex cardholders in general complain about rude customer service reps, missing statement credits and issues disputing charges.

The company earns a Trustpilot score of 3 out of 10. Many negative reviews cite unhelpful customer service and inflexible company policies. Positive reviews say the company employs pleasant customer service representatives. Overall, your mileage may vary with American Express customer support.

How to apply for the American Express® Business Gold Card

  1. Click apply now.
  2. Complete the application with details like your name, address, annual income, Social Security number and business information.
  3. Review and submit your application.

How long will it take to get my American Express® Business Gold Card?

Because Amex automates conditional credit card approval online, you may get a decision on your application within 30 seconds. If there are issues with your application, it could take a few days to a few weeks to hear back.

After you’re approved, you’ll typically receive your card by mail within 10 business days.

I got the card. Now what?

  • Make payments on time. Register an account on the American Express website to pay your balance online. You can also enroll in autopay.
  • Avoid fees. You’ll pay high fees for late and returned payments with this charge card.
  • Get help. Help documents aren’t easily accessible on the American Express website, but you can call 1-800-528-4800 for support.

Bottom line

The American Express® Business Gold Card is best suited for businesses that can take advantage of the accelerated points categories. Strong rewards come with a decent welcome offer and travel benefits.

Before you apply for a credit card, consider other business cards to find one that best suits your business needs and spending.

Frequently asked questions

Images: AmericanExpress.com

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