The incentive for becoming a customer of American Express’s business cards is continuing to improve. The card formerly known as the Gold Card from American Express OPEN is now known as The Business Gold Rewards Card® from American Express OPEN. The most important change is the addition of a rewards program.
The flagship benefit of The Business Gold Rewards Card® from American Express OPEN is the reward program. You can earn points faster with core business expenses. Cardholders can earn Membership Reward points for eligible purchases up to $100,000 per year in categories: airfare and gasoline. Every dollar of eligible purchases in these categories in excess of $100,000 will continue to earn single points.
Here are the card highlights.
- Earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card in the first 3 months of Card membership†.
- Earn points even faster to get more rewards for your business.
- 3X points on airfare purchased from airlines. 2X points at US gas stations.
- Up to $100,000 in each category per year, then 1 point.
- Terms and limitations apply.
- Reduce travel costs, show appreciation for employees and clients, and offset everyday expenses by using points to get something back and grow your business.
- $0 introductory annual fee for the first year, then $175.
- †Apply online to qualify for this offer. See offer terms for details.
This is a charge card, so balances are due in full each and every month. If you choose not to pay your balance in full by the due date, you will be assessed a fee. As a result, and depending on your history with American Express, your account can be closed without notice.
The Business Gold Rewards Card® from American Express OPEN doesn’t come cheap, with an annual fee of $175, an increase of $50 from the previous incarnation of this card. However there is a $0 introductory annual fee for the first year, then in the second year the $175 annual fee will commence.
With solid customer service, timely rewards, and access to amenities including extended warranties and purchase protection American Express is a great option. Small business owners and other individuals with high, fixed expenses and a cash flow capable of covering those expenses every month should consider The Business Gold Rewards Card® from American Express OPEN and take advantage of the rewards. Keep in mind you’ll need a very high credit score to be approved.
This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit and charge card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit or charge card prior to applying.
Updated April 18, 2013 and originally published August 23, 2011. 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.