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American Express Gold Business Card review July 2020
Last updated:
A charge card designed to make day-to-day business more rewarding.
You say: ★★★★★We say: ★★★★★
Up to 20,000 points
Intro bonus
Earn 1 point
per £1 spent
Up to 54 days
Interest-free each billing period
Details
| Network | Amex |
|---|---|
| Annual/monthly fees | Year 1 - £0, Year 2 onwards - £125 |
| Purchases | N/A (this product is a charge card). |
| Purchases interest-free period | Up to 54 days |
| Max credit limit | Not specified |
| Additional cards available | 99 |
| Incentive | Earn 20,000 bonus Membership Rewards® points when you spend £3,000 in first 6 months of Card membership. Earn 1 Membership Rewards® point for every £1 spent thereafter. |
Expert review
Review by
Chris Lilly
chris.lilly@finder.comChris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
Expert review
If, like most SMEs, your business has a fairly irregular cash flow, then a business charge card can boost your spending power and offer some stability.
With a charge card, you’re expected to pay your balance in full every month. Provided you do that, with this card you’ll be able to take advantage of up to 54 days of 0% interest on purchases each billing cycle (although there are fees to pay if you fail to clear your balance). The benefits of charge cards include flexibility with payments (purchases at the start of the billing cycle are paid for at the end of the billing cycle) and, in many cases, rewards on your spending.
The primary benefits of this card include travel accident insurance up to £250,000 (subject to enrolment and provided you use your Gold Business Card to book your travel tickets) and the opportunity to earn Membership Rewards points as you spend (you’ll also enjoy a hefty bonus on sign-up).
The option of additional cards enables you to extend benefits to colleagues and employees and easily keep track of business expenses. What’s more, unlike some of its competitors, American Express won’t charge you extra for additional cards.
How does this deal compare?
Table: sorted by interest rate on purchases.
How to apply for the American Express Gold Business Card
If you want to get an Amex Gold Business credit card, you can apply by clicking “Go to site” at the top of this page. Before you apply, check that your company meets the eligibility requirements. The application process should only take a couple of minutes, but you’ll need to provide certain personal and business information.
Frequently asked questions
How many cards can I get for my business?
You can have up to 99 additional charge cards on the one account, which can be used by your employees.
What’s the difference between a charge card and a credit card?
A charge card is similar to a credit card, but has no set spending limit. You can generally spend whatever you want, but will need to pay off your entire balance each month to avoid heavy fees. Most charge cards also require you to pay an annual fee.
What happens if I don’t pay off my balance?
If you fail to pay off your balance, you’ll likely be charged a late fee and may even lose your card.
What is the spending limit?
There’s no set spending limit on the Amex Gold Business card.
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