A credit card for business that offers rewards and benefits tailored to small business owners is possible with the American Express Business Gold Card! This card has an annual fee, but it comes with various perks to help you save money and grow your business.
The BEST credit card for business
To summarize, the American Express Business Gold Card is a amazing credit card option for small business owners. However, before applying for this card, it’s important to consider a few factors. Firstly, while the card comes with various perks, it does have a high annual fee of $295.
- READ MORE REVIEWS: Looking for zero percent balance transfer? Meet the Discover it Balance Transfer!
Additionally, the Membership Rewards points earned with this card may be less valuable than other card rewards programs. Nonetheless, the card’s rewards and benefits are tailored to small business owners, and it could be a great option if you can justify the cost of the annual fee and make the most of the available benefits.
Benefits:
- Welcome bonus: Earn 60,000 Membership Rewards points after you spend $10,000 on eligible purchases in the first three months of membership.
- Rewards: Earn 4x Membership Rewards points on flights booked directly with airlines or through Amex Travel, 4x at U.S. restaurants, and 1x on all other eligible purchases.
- Up to $240 in annual statement credits: Get up to $20 in monthly statement credits after you use your Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and office supply stores. This can be an annual savings of up to $240.
- 100% airline fee credit: Get up to $200 in statement credits annually for airline fees like baggage and change fees.
- No annual fee for employee cards: Add up to 100 with no additional annual cost.
- Purchase protection: Get purchase protection for up to 120 days against damage or theft.
- Travel benefits: Access various travel benefits, including trip cancellation/interruption insurance, auto rental insurance, and purchase protection.
Drawbacks:
- High annual fee: The annual payment of $295 is high, so you’ll need to make sure you can justify the cost by taking advantage of the card’s benefits.
- No sign-up bonus: This card has no sign-up bonus, which is a common feature of other business credit cards.
- Rewards are less valuable than other cards: The Membership Rewards points earned with this card are less valuable than other card rewards programs.
Eligibility:
You must have a good credit score to be eligible for the American Express Business Gold Card. Apply for the card online or in-branch at an American Express office.
Is it for you?
In conclusion, the American Express Business Gold Card is a great option for small business owners looking for a business credit card that offers tailored rewards and benefits. If you have a good credit score and can afford the annual fee and monthly payments, this card is worth considering.
- READ MORE REVIEWS: Looking for zero percent balance transfer? Meet the Discover it Balance Transfer!
Before making a final decision, it’s always a good idea to compare this card to other business credit cards and read the terms and conditions to ensure you understand the features and requirements. If in the end you decide to go with the American Express Business Gold Card, click here to learn how you can apply!
Other Considerations:
- Before applying for the American Express Business Gold Card, it is essential to compare it to another credit card for business cards.
- You should also ensure you can afford the annual fee and monthly payments before applying for the card.
- It is also essential to read the card’s terms and conditions before applying.
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Disclaimer: This information is not financial advice. Please consult a financial professional for guidance tailored to your specific situation. Rates and terms are subject to change. Refer to the credit card company’s website for the most up-to-date information.