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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.
The Business Gold Rewards Card is one of American Express’ premium business credit cards. It comes with a sign-up bonus of 25,000 Membership Rewards points after you spend $5,000 in purchases on the card within the first 3 months of membership. There’s a $0 introductory annual fee for the first year, then $175 after that.
However, American Express has announced some positive changes to the card, which are live as of late last week.
Previously the card offered the following bonus categories:
- 3x points on airfare purchased directly from airlines
- 2x points on U.S. purchases for advertising in select media, U.S. purchases at gas stations, U.S. purchases for shipping, and U.S. computer hardware, software, and cloud computing purchases made directly from select providers
- 1x point per dollar spent on everything else
They’ve improved the way they’re structuring bonuses, so that all of the below categories now accrue 2x Membership Rewards points on the first $100,000 spent in each category annually:
- Airfare purchased directly from airlines
- U.S. purchases for advertising in select media
- U.S. purchases at gas stations
- U.S. purchases for shipping
- U.S. computer hardware, software, and cloud computing purchases made directly from select providers
On top of that you can select one category to earn 3x points on.
So if you valued earning triple points on airfare with the card then nothing changes here. However, if you’d rather earn 3x points on one of the other categories, you can do that as well. I know some business owners will get a ton of value out of being able to earn 3x points on advertising, which even things like Google AdWords qualify towards. You can change your 3x category once per year, so you can maximize the value of the card annually based on your spending patterns.
It’s worth noting that while the above is the official sign-up offer on the card, there’s also a limited time 50,000 point sign-up offer in conjunction with FedEx, which has similar terms.
I tend to think this card is quite lucrative for those that spend a ton on business expenses. If you can earn an extra point or two per dollar on a lot of spending annually, the card is well worth the annual fee after the first year.
However, for someone that’s not quite as big of a spender, I think there’s more value to be had from some of American Express’ other products, like the Starwood Preferred Guest® Business Credit Card from American Express or SimplyCash® Business Card from American Express.