Amex Business Gold Rewards Card Positive Changes

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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.

 Link: The Business Gold Rewards Card from American Express OPEN

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.

Bottom line

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.

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Comments

  1. Thanks for posting this and sorry if this unrelated but I didn’t know where to post my comments so I hope you can help:
    I just did my app-o-rama on December 2014, can I do my app-o-rama again now since I want to take advantage of increased sign up bonus on Chase United business card?
    Can I apply 1 business (United business) and 1 personal (Hyatt) cards with Chase using 2BM trick, what do you think about my chance of getting approved? I currently have 6 cards with Chase.

    Thanks a lot in advance!

  2. Lucky, for a small business with large percentage of expenses on airfare (30-40%) and hotels (30-40%), would this be the best card? Over $100k. Most, if not all, air travel on AA. Deciding on this or the Citi AA Bus card. Hotel brands tend to vary. Carrying a balance not important. Thanks.

  3. Awesome to see 3x on advertising now. I spend a lot in that category so I’m gonna max it out this year in that category.

  4. What is included in U.S. purchases for shipping? Is it a discount at USPS/Fedex for business shipping or more for shopping at Amazon?

  5. Wow. Really? Peddling your readers a crap offer to make more commission money. I just applied for a 75,000 for $5k spend biz card, there’s a 50,000 point offer available too. Come on Lucky!! I thought you were better then that.

  6. @ Aaron — That’s a toughie. This is definitely the best option for airfare purchased in USD. However, for hotels you’re not earning bonus points, so it’s not ideal. That being said, if you balance the two out and want just one card, I think this is still the best option.

  7. @ David — Six cards with Chase is a lot, so it’s anyone’s guess how many more they’ll give you. Timing itself isn’t an issue, so I’d certainly apply now during an increased offer, in your shoes. I think you have a fair chance.

  8. Lucky:

    Thanks! Wish I can get approved so you can get a commission too! that’s my way of saying thank you to you 🙂

  9. ATX- rerding shipping. I dont know your exact question but since I use this for my business I can explain. If you use it for digital postage like stamps.com or Endicia or stuff from the post office directly you get 3X. If you charge your Fedex bills you get 3X. If you have a business account with UPS you can pay with this card and get 3X. However UPS will be pretty nasty and tell you that you cant pay weekly business commercial bills with credit cards. You will have to contact your rep at UPS to discuss that. They play dumb because they dont want to pay merchant fees. So as a business reaching the max 300,000 total points is possible. You still get 2X on the other categories noted.

  10. robertw – are you sure Endicia is categorized as shipping? It shows up as “other-miscellaneous” on my statement.

  11. Endicia is classed as direct marketing so no bonus for “shipping” charges… probably trying to avoid getting hit with a higher discount rate from their cc provider.

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