American Express Gold Business Charge Card review
- Interest-free each billing period
- Up to 54 days
- Earn rate
- 1 point per £1 spent
- Intro bonus
- Up to 20,000 points
Our verdict
The Amex Business Gold card is a charge card designed to make day-to-day business more rewarding.
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
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Welcome bonus offer
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Points on eligible spend
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No annual fee in year 1
Cons
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Annual fee applies. Year 1 - £0, Year 2 onwards - £195
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Applicants with low credit scores are unlikely to be eligible
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2.99% non-sterling transaction fee
Details
Product Overview
| Network | Amex |
| Annual/monthly fees | Year 1 - £0, Year 2 onwards - £195 |
| Purchases | N/A (this product is a charge card). |
| Purchases interest-free period | Up to 54 days |
| Maximum credit limit | Subject to status |
| Additional cards available | 20 |
| Incentive | Earn 20,000 bonus Membership Rewards® points when you spend £3,000 in the first 3 months. Terms apply. |
| Additional Rewards Info | Earn 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. Earn up to 90,000 Membership Rewards® annually. Earn 20,000 Membership Rewards® points per approved friend. Earn 10,000 extra Membership Rewards® points when you spend £20,000 per quarter. |
| Introductory Rewards | Earn 20,000 bonus Membership Rewards® points when you spend £3,000 in the first 3 months. Terms apply. |
| Potential costs | 3.4 ★★★★★ |
| Doing its job | 4.3 ★★★★★ |
| Extras | 4.0 ★★★★★ |
| Overall Finder Score | 3.8 ★★★★★ |
Fees and charges
| Minimum monthly payment | Full outstanding balance |
| Annual/monthly fees | Year 1 - £0, Year 2 onwards - £195 |
| Foreign usage charge (EU) | 2.99% |
| Foreign usage charge (rest of world) | 2.99% |
| Late payment fee | £12 |
| Duplicate statement fee | £2 |
| Additional card fee | £0 |
Application Requirements
| Minimum Age | 18 |
| Residency | Applicants must have a permanent UK home address. |
| Additional Criteria | The business has a current UK Bank or Building Society account. |
How does it compare with other business cards?
Approval for any credit card depends 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. Most of the data in Finder's comparison tables is provided by Moneyfacts.
How to apply for the American Express Gold Business Card
If you've compared cards and settled on the American Express Business Gold 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 Business Gold Card abroad?
Non-sterling transactions are subject to a 2.99% charge (which is very standard). For example, if you spend 200 euros (£168.69), it'll cost you around £5.04 in fees.
Can I get additional American Express Business Gold Cards for my team?
Yes, you can request up to 20 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.
Customer support
To contact customer support for the American Express® Business Gold Card, you can call 0800 917 8043.
Finder credit card scores
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.
