Limited time 50,000 Membership Rewards point sign-up bonus on American Express Business Gold Rewards card

Update: This offer for The Business Gold Rewards Card from American Express OPEN is expired, but there’s currently an opportunity to earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card Membership. Learn more about the special offer here.

UPDATE: This offer is expired. You can find the best current offers here.

Through November 21, 2012, American Express is offering a 50,000 Membership Rewards point sign-up bonus on their Business Gold Rewards Card from American Express OPEN after spending $5,000 within three months. While the annual fee is a hefty $175, it is waived for the first year.

Oddly enough this card typically doesn’t come with any sign-up bonus at all, and then occasionally they’ll have one day promotions with sign-up bonuses of 50,000 to 75,000 points. In this case I suspect we won’t see any higher sign-up bonuses through at least November 28, given that they’re running a published sign-up offer right now.

50,000 Membership Rewards points is a great sign-up bonus on the card, and the minimum spend is reasonable compared to some of the other offers I’ve seen on the card in the past.

Ultimately this card is very similar to the American Express Premier Rewards Gold card, which is a personal card. Both cards offer triple points on airfare and double points on gas. The Premier Rewards Gold card offers double points on groceries as well, while the Business Gold Rewards card offers double points on advertising and shipping. For me the Premier Rewards Gold card is worth keeping long term, while this card felt a bit redundant.

Anyway, I do think this is an excellent sign-up bonus and the card is worth keeping for a year, though not really beyond that due to the high annual fee unless you spend a ton on the bonus categories. The Ink Bold® Business Charge Card and Ink Plus® Business Credit Card in many cases offer more value for everyday spend, and have a more reasonable annual fee of $95.

It’s also worth keeping in mind that nowadays you can earn the bonus on American Express cards multiple times, as long as you haven’t had the same card or a similar card in the past 12 months. So the sooner you apply for the card, the sooner you can potentially earn the sign-up bonus again.

Full disclosure: I earn a referral bonus for anyone that signs up through the above links. They’re all the best publicly available offers to the best of my knowledge, and of course I’m very appreciative of your support, regardless of whether or not you use my links.

Comments

  1. sorry in advance for being dense, but can you tell me how Amex defines “as long as you haven’t had the same card or a similar card in the past 12 months”? If I have a amex biz card (green gold or plat) I have had for 15r yrs I cannot get this bonus, but if I cancel and re-apply in 12 mos I can? IF so, it seems silly of Amex encourage people to cancel their cards so they can get the bonuses again.

  2. Lucky – the “similar” card thing raised a question for me… Would AMEX not let you apply for the Premier Rewards Card if you already had this business card because they’re almost identical, save the slight difference in category bonuses? I realize one is personal and one is for business, so maybe that’s enough of a difference, but just wanted to get your take on it.

  3. @ Steve — That’s correct, it’s about whether you have a business Green, Gold, or Platinum card. Silly rule, but that’s what it is.

    @ Eric — That would be fine, you just can’t have business Green, Gold, or Platinum card.

  4. Hi,

    A bit off-topic, but if one were to close their Amex account (with 170K points) where would it be best to transfer the stash to (for most bang for buck on air travel)? Aeroplan, Singapore, etc?

    Thanks.

  5. Ben,
    Did you ever decide to take the “upgrade” to the business platinum card for 25,000 points and 400.00 in gift cards? or should I say reimbursable airline charges?

  6. @ Dan — Depends on your redemption goals, though I’d transfer to Singapore KrisFlyer since they have reasonable first class redemption rates.

    @ puck — Yep, I decided to upgrade.

  7. Thanks Lucky. Would having the points stored with KrisFlyer mean I could also access other Star Alliance carriers like Lufthansa? For example, having an itinerary that included both Singapore and Lufthansa segments?

  8. As a general complaint, I think the push for people to sign up for credit cards through referral links has been crazy the past few weeks on BoardingArea. First there was the Chase Sapphire $2,000 minimum spend offer, then the AMEX SPG 30,000 point offer, and now this AMEX Gold Biz MR offer. I do understand when a new offer comes out why it is important to make this known to readers, however, if you did not use a referral link when first posting about the offer, I would be more comfortable with there being no conflict of interest. Or better yet, disclosing what the actual referral bonus is.

  9. @ Dan — You could, though the best values with KrisFlyer miles are for travel on Singapore. You can read more about that here:
    http://onemileatatime.boardingarea.com/2012/05/03/redeeming-membership-rewards-points-for-travel-on-singapore-airlines-everything-you-need-to-know/

    I think it all depends what you’re looking to do with your miles. For “aspirational” awards KrisFlyer is your best bet. Otherwise with the 40% bonus British Airways Executive Club is also a great deal.

  10. @ Truthiness — I appreciate the feedback. There’s no doubt the past month has been busy on the credit card front, though I’m site you can agree there were some great deals. Prior to that we saw a couple of “dry” months as far as offers go.

    I’ve promoted the Gold Business Rewards card MANY times in the past without a referral link, and it just happened to be today’s bonus also offered a referral link. I would have shared it either way regardless of whether or not it did.

    I’m contractually not allowed to share what the referral bonus is. Sorry!

  11. I’ve tried to apply 3 times in the past 3 days and it always says, “Currently, our systems are not responding. Please try again later or call us at 1-800-519-OPEN (6736) to apply for a Card. We apologize for any inconvenience.” Anyone else getting this? What is going on? I’m not calling to apply for a card.

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