I just received a notice that the American Express Business Gold Rewards Card has increased its sign-on bonus from $50 to $250. I’ve updated my list of credit cards with bonuses with the new information.
If you sign up for this card, just remember to cancel before the end of the first year, before the $125 annual fee kicks in. Also, even though it’s a business card, you don’t need to be a business owner to be sign up.
The $250 bonus is in the form of 25,000 bonus points rewarded after your first purchase on the card. Here is the fine print:
Upon the Basic Cardmember’s first purchase, a one time bonus of 25,000 points can be earned toward the Basic Business Gold Rewards Cardmember’s Membership Rewards® account and may appear as separate credits of 5,000 and 20,000 bonus points. The maximum 25,000 bonus points are available to first-time Basic Business Gold Rewards Cardmembers only; they are not available if you transfer an existing account. Welcome bonus points will be credited to your Membership Rewards account 6 to 8 weeks after your first purchase appears on your monthly billing statement. The bonus 25,000 Membership Rewards points may be redeemed for one domestic round-trip airline ticket. Cardmembers transferring points to participating domestic airlines will be charged a fee of $.0004 per point, up to $50. This charge is to offset the excise taxes American Express currently pays to the government on such transactions. Bonus ID: 2329.
Updated May 9, 2011 and originally published June 19, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.