About American Express® Business Gold Rewards Card
An American Express® Business Gold Rewards Card is a charge card for business owners with reward-earning opportunities. This card offers payment flexibility and purchasing power that adjusts to your spending habits.
American Express® Business Gold Rewards Card features
An American Express® Business Gold Rewards Card is a charge card with no pre-set spending limit. Your purchases are subject to approval based on your credit history, account history, and personal resources.
With this card, you can choose between Due in Full and Flexible Payment Option balances. If you opt for an All Due in Full balance, you must repay your balance in full each month. Otherwise, 30% interest will apply.
If you choose a Flexible Payment Option balance, your interest rate will be 19.99%.
The annual fee for an American Express® Business Gold Rewards Card is $199, and you can order supplementary cards for your employees for $50 annually.
With a welcome offer for new clients, you can earn up to 110,000 Membership Rewards® points upon meeting the spending requirements for the first three months.
Spending $20,000 in net purchases each quarter will bring you 10,000 bonus Membership Rewards® points. Every $1 spent on your everyday purchases will bring you 1 Membership Rewards® point.
The redemption options for your Membership Rewards® points include booking travel (flights, hotels, and car rentals), making statement credits, shopping at Amazon.ca, buying gift cards and merchandise, and transferring points to other frequent flier and hotel programs.
American Express® Business Gold Rewards cardholders have access to Expense Management Reports and online services to view their current statement, set up alerts, and make payments.
Benefits from American Express included in an American Express® Business Gold Rewards Card are:
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American Express® Experiences allowing to get presale and reserved tickets to a variety of events as well as providing access to different experiences and a range of onsite benefits
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Amex Offers providing additional rewards for your everyday purchases
Insurance coverages you get with an American Express® Business Gold Rewards Card are car rental theft and damage insurance, lost or stolen baggage insurance, hotel burglary insurance, flight delay insurance, baggage delay insurance, travel accident insurance, the Buyer’s Assurance® Protection Plan, and the Purchase Protection® Plan.
In addition, an American Express® Business Gold Rewards Card features Employee Card Misuse Protection providing up to $100,000 coverage per Cardmember for situations when employees misuse employee cards issued for them for unauthorized charges.
Pros and cons
An American Express® Business Gold Rewards Card has definite advantages:
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A variety of reward-earning and redemption opportunities
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Exclusive privileges from American Express
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Eligibility for Plan It™ — The American Express® Installment Program
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24/7 customer service
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Credit card protection capabilities (Fraud Protection Guarantee, American Express SafeKey®, and Employee Card Misuse Protection)
Still, there are certain disadvantages:
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A $199 annual fee
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Minimum points per redemption requirements
How to apply for an American Express® Business Gold Rewards Card
Business owners can apply for an American Express® Business Gold Rewards Card online. To apply for this credit card online, click the “Apply Now” button next to its description and provide the following details:
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Your first name
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Your middle name
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Your last name
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Your name on the card
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Your email
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Your date of birth
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Your postal code
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Your phone number
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Your address
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Your personal annual income
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Your social insurance number (optional)
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Your legal business name
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Your business name on the card
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Your industry
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Your role or title
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Years in business
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Number of employees
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Your annual business revenue
Then, create a PIN and specify whether you want to receive Online-Only Statements or order supplementary cards.
To finalize your application, review your applicant information, agree to the terms and conditions, and click the “SUBMIT” button.