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.