In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements
🏆 Finder award

American Express Gold Business Charge Card review

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American Express Business Gold Card
4.0
★★★★★
Finder score
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.
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Finder Awards 2024 highly commended
Customer Satisfaction Award

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

  • Welcome bonus offer
  • Earn points on eligible spending
  • No annual fee in the first year

Cons

  • Annual fee applies. Year 1 - £0, Year 2 onwards - £195
  • Applicants with low credit scores are unlikely to be eligible
  • 2.99% non-sterling transaction fee

In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements

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 4.0 ★★★★★
Doing its job 4.5 ★★★★★
Extras 4.0 ★★★★★
Overall Finder score 4.0 ★★★★★

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.
Availability You will not be eligible for any Welcome Bonus award if you currently hold or have held any Membership Rewards enrolled American Express Card in the past 6 months.
Additional Criteria The business has a current UK Bank or Building Society account.

How does it compare?

American Express's card

1 - 1 of 1
Name Product Finder score Purchases Annual / Monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
American Express Business Gold Card
4.0
★★★★★
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £195
1 point per £1 spent
N/A (this product is a charge card).
Go to siteCard details
Earn 20,000 bonus Membership Rewards® points when you spend £3,000 in the first 3 months. Terms apply.
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Representative example: When you spend £1,200 at a purchase rate of 27.5% (variable) p.a., your representative rate is 27.5% APR (variable).
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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.
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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.

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 (£171.03), it'll cost you around £5.11 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

★★★★★ — 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.
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