American Express Gold Business Charge Card review

The Amex Business Gold card is a charge card designed to make day-to-day business more rewarding.

You say: ★★★★★We say: ★★★★★

Up to 54 days

Interest-free each billing period

Earn 1 point

per £1 spent

Up to 20,000 points

Intro bonus

Details

NetworkAmex
Annual/monthly feesYear 1 - £0, Year 2 onwards - £175
PurchasesN/A (this product is a charge card).
Purchases interest-free periodUp to 54 days
Maximum credit limitNot specified
Additional cards available99
IncentiveEarn 20,000 Membership Rewards® points when you spend £3,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn 10,000 extra Membership Rewards® points when you spend £20,000 per quarter.
Additional Rewards InfoEarn one additional bonus point for every £1 spent when you book your flights, hotels, car hire or experiences through American Express Travel.
Access over £500 of the best discounts on business essentials and £100 statement credit at Dell Technologies.

Review by


Chris 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.

Pros and cons

Pros

  • Up to 54 days to spread the cost of purchases (provided you pay off your balance in full each month)
  • Customers report excellent customer service when dealing with American Express
  • Earn points on day-to-day spending
  • Up to 20,000 points introductory bonus

Cons

  • No fee for the first year, £175 annual fee thereafter
  • Applicants with low credit scores are unlikely to be eligible
  • 2.99% non-sterling transaction fee

How does it compare with other business cards?

Table: promoted then other popular deals
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
CASHBACK
Capital on Tap Business Credit Card
26.4%
£0
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn 1% cashback for every eligible £1 spent. Terms apply. Upgrade to Capital on Tap Business Rewards Card for £99 pa to choose between earning cashback or Avios and receive 10,000 bonus points when you spend £5,000 on your card in your first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
CASHBACK
Barclaycard Select Cashback Business Credit Card Mastercard
21.9%
£0
1% cashback
21.9% APR (variable)
Go to site
Limited time offer: Get 3% cashback on business travel spend for the first 4 months and 1% cashback on all other business spend. Apply before 31/08/2022. Cashback and Promotional Cashback T&Cs and eligibility criteria apply.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
CASHBACK
Juni Business Card
N/A (this product is a charge card).
£0
1% cashback
N/A (this product is a charge card).
Go to site
Made for ecommerce companies only. Earn 1% cashback on all eligible Juni card spend.
NatWest Business Credit Card (only available to existing business customers)
16.9%
Year 1 - £0, Year 2 onwards - £30 per annum
N/A
24.3% APR (variable)
Go to site
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).
RBS Business Credit Card (only available to existing business customers)
16.9%
Year 1 - £0, Year 2 onwards - £30 per annum
N/A
24.3% APR (variable)
Go to site
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).
Barclaycard Select Business Charge Card
N/A (this product is a charge card).
£42 per annum
N/A
3.6% APR (variable)
Go to site
Access exclusive offers through Barclaycard Business Rewards. Including, but not limited to, exclusive pre-sale tickets plus discounts on hotel bookings, dining out and car hire. Terms apply.
British Airways American Express® Accelerating Business Card
22.9
£250 per annum
1.5 points per £1 spent
98.1% APR (variable)
Go to site
Earn 30,000 bonus Avios when you spend £5,000 in the first three months of Cardmembership. Earn 1.5 Avios for every eligible £1 spent on card and 2 On Business Points for every £1 spent with BA on eligible flights. 10,000 bonus Avios for every £20,000 spent (max £60,000 pa) per calendar year.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £250 per annum, your representative rate is 98.1% APR (variable).
American Express Gold Business Card
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £175
1 point per £1 spent
N/A (this product is a charge card).
Go to site
Earn 20,000 Membership Rewards® points when you spend £3,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn 10,000 extra Membership Rewards® points when you spend £20,000 per quarter.
loading

Compare up to 4 providers

Approval for any credit card will depend on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

How to apply for the American Express Gold Business Card

If you've compared cards and settled on the American Express Gold Business Card, you can head over to American Express's secure online application to apply. Don't forget, you'll need to be over 18 and a UK resident to apply.

Frequently asked questions

How much does it cost to use the American Express Gold Business Card abroad?

Non-sterling transactions are subject to a 2.99% charge (which is very standard). For example, if you spend 200 euros (£171.67), it'll cost you around £5.13 in fees.

Can I get additional American Express Gold Business Cards for my team?

Yes, you can request up to 99 more. There's no fee for additional cards. Plus, with additional cards, you could earn points at a faster rate.

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.

Finder credit card ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score business credit and charge cards to determine their value against similar products on the market. We look at a number of important factors, like the flexibility it offers, any rewards you can earn through company spending, account management tools, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site