American Express® Business Gold Rewards Card Review

By: Heather Hanks Jul. 11, 2019

The American Express® Business Gold Rewards Card allows you to earn one point for every dollar you spend. You can redeem these points and apply them to future travel expenses. Your points can be used toward hotel stays, car rentals, dining experiences, and more. You can even use your points to pay for Amazon purchases!

As with all American Express business cards, the American Express® Business Gold Rewards Card boasts an impressive insurance coverage policy. It’s a nice feeling to know that you’re covered no matter what you purchase. We also like that the annual card fee might be tax deductible, which makes it the perfect addition to your business. Check out our American Express® Business Gold Rewards Card Review here.

American Express® Business Gold Rewards Card

Overall Rating

What is the American Express® Business Gold Rewards Card?

Can you have a business without owning a business card? Sure, you can. But we don’t recommend it. You make purchases for your business anyway. Why not get rewarded for it? The American Express® Business Gold Rewards Card does just that. You’ll earn a point for every dollar you spend using your card. Redeem these points for excellent travel benefits that include flights, car rentals, dining, vacation packages, and more.

The American Express® Business Gold Rewards Card allows you to better manage your business. In addition to being rewarded for using your card, you’ll gain access to tools that help you organize your business. For example, you’ll get cash flow management that includes 55 days of no interest. You can use your card throughout the month on everyday expenses and get rewarded while you use it.

Here are a few key highlights:

  • Earn a welcome bonus of 30,000 points when you spend $5,000 on your card within the first three months of membership
  • Enjoy dynamic purchasing power in which your card limits adjust the more you spend (you must make on-time payments for this benefit)
  • Maximize your cash flow with 55 interest free days
  • Earn one point for every dollar you spend on your card
  • Charge eligible purchases to your card and redeem the points for statement credit
  • Redeem your points for flights anywhere in the world
  • You can also redeem your points for Amazon purchases, merchandise, dining experiences and more
  • Earn up to 250,000 extra points when your supplementary card users add points to your account

Your Business Gold Rewards Card From American Express card also gives you dynamic purchasing power. When you use your card, your power adjusts to match your spending habits. The more you spend, the greater your limits will grow over time as long as you make regular, timely payments. You’ll be able to gain access to all of your billing information using the American Express online service. You can view your current statement, register for account alerts, and update your details all using an online platform day or night. You can also use your online account to make payments or get a hold of an American Express customer service member 24/7.

How Does the American Express® Business Gold Rewards Card Work?

Using your American Express® Business Gold Rewards Card is easy. You can use it to pay for all your business expenses. You’ll be awarded one point for every dollar you spend. You’ll also earn one extra point for every dollar you spend on eligible purchases charged to your card from a list of suppliers that American Express partners within Canada. There is a maximum of 250,000 extra points allowed in one calendar year.

There is an annual fee of $250 for this card, but this might be tax deductible. Additional cards cost $50 per card. These additional cards allow you to earn points on your account for every dollar spent on them. Hand them out to your employees as an easy way to earn extra points!

Redeeming your points is easy and flexible. You have several options that allow you to pick from a range of benefits. You can use your points for travel, entertainment, retail or dining experiences. For example, you can use your points to book flights within Canada. You can also book flights to anywhere in the world when you use a fixed number of points. You can redeem your points for statement credits to help pay off eligible purchases on your charge card. You can even use your points to make purchases on Amazon or for a wide variety of merchandise and gift cards. Plus, your points can be used for hotel programs and as frequent flyer miles.

American Express® Business Gold Rewards Card Benefits

So what do you get when you apply for the American Express® Business Gold Rewards Card? Our Amex Gold Business Rewards Card Review breaks it down for you. You can use your card to cash in on a wide variety of American Express® Business Gold Rewards Card Benefits. For example, you can take advantage of the expense management reports that are delivered to you quarterly and annually.

Your expense reports include the following information and benefits:

Easier tax preparation

The ability to sort your reports by spending category or vendor

Better organization of business documents

The ability to separate your personal affairs from business expenses

The ability to track and manage your funds easier

Aside from all these great benefits, we love that the Amex Business Gold Rewards card comes with one of the best insurance policies around. Your purchases are always covered, no matter what you buy. This comes in handy when you travel and something goes wrong. We’ve all been there. Lost luggage or delayed flights can put you out. But you’re covered when you use your American Express® Gold Rewards Card. Your card is covered from misuse, fraud, and emergency situations.

American Express® Business Gold Rewards Card Business Coverage

American Express offers such good coverage that we had to break them down into three categories for you. Under the business coverage plan, you’ll get employee card misuse protection and disability plans for small businesses.

Under the employee card misuse protection plan, you’ll be covered for unauthorized charges. You can terminate any supplementary card member and cancel their account within two business days. Then the charges will be dropped. This feature was created with small business owners in mind. It provides coverage of up to $100,000. This helps protect you if an employee misuses your card so that you are not held responsible.

The disability plans for small business owners covers you if you fall under hardships due to an accident. You’ll be covered if you’re partially or permanently disabled. If the account holder becomes totally disabled as the result of an injury, then he or she will receive $10,000 in benefits. The longer you are a cardholder, the more benefits you’ll receive. For example, you’ll get $25,000 in benefits after two years and $50,000 after six years of being a card holder.

American Express® Business Gold Rewards Card Travel Coverage

The travel coverage protection plans are extremely impressive at American Express. When you use your card to pay, you’ll be covered for your flight, baggage, rental car and hotel. Here is a breakdown of your benefits:

Car rental theft and damage: this insurance covers you if your rental car is stolen or damaged up to $85,000. To use this plan, you must use your card to pay for the vehicle. You must also deny the loss damage waiver offered by the rental company. This ensures that you’ll save as much as $23 per day.

Lost or stolen luggage: you are covered for as much as $500 when your baggage is lost or stolen. You can use this toward replacing personal items. It covers both your checked in luggage or your carry on bags.

Hotel bulgurary: you’re covered if your hotel room gets broken into. This includes $500 in coverage to pay for things that may have been stolen. This offer excludes cash. You must pay with your American Express Gold card to redeem these benefits.

Flight delay insurance: you’ll be covered for $500 when your flight is delayed. Use this money to make emergency purchases within 48 hours of your delayed flight. This offer can be used toward hotel accommodations, food, and personal items.

Baggage delay: when your flight is delayed by six hours or more, you can receive $500 to be used on travel related expenses. These purchases must be made within four days of your delayed baggage on appropriate personal items.

Travel emergency assistance: this policy covers you for emergency legal and medical referrals. You can make them 24/7 days a week.

Accident insurance: you’ll be covered for up to $100,000 for accidental death or dismemberment situations. This coverage includes you, your spouse, and children under 23. You must use your card to purchase your carrier tickets, such as bus, train, ship or plane.

You’ll also benefit from the Hertz gold plus rewards. This allows you to apply a discount to your rental car when you use your American Express® Business Gold Rewards Card to pay. You’ll also get a one car class upgrade on rentals of five or more days on available cars. Plus, the fee will be waived for one additional driver on your rental car policy.

American Express® Business Gold Rewards Card Purchase Coverage

Everything that you use your card to buy is covered by the American Express® Business Gold Rewards Card protection coverage plan. Under the protection purchase plan, your purchases are covered if they are accidentally damaged or stolen. This includes coverage of up to $1,000 per occurrence and not per item purchased. Coverage extends to 90 dates from the date of purchase. The full price of the item must be charged to your card to receive these benefits. This includes items that are not covered by other insurance policies.

American Express® Business Gold Rewards Card Other Benefits

Being a small business owner with a American Express® Business Gold Rewards Card also means that you get entertainment access. American Express users get access to front of the line options. You’ll get access to tickets for games and concerts before anyone else. You’ll also qualify for special events and experiences for card holders only. Here is a summary of your entertainment benefits as an American Express® Business Gold Rewards Card card holder:

Front of the line e-updates

You’ll get email updates before everyone else when you sign up and give your email address to ticketmaster

Front of the line reserved tickets

Choose from seats that are reserved for American Express card holders only

Front of the line advance access

Get first pick when it comes to buying tickets for concerts, films, games, restaurants, and other special events before the general public

Special offers and experiences

Choose from a variety of offers that include movies, weekend vacations, and special online and in store shopping experiences

Special access for card members

Get access to lounges at participating American Express partners

In addition to entertainment deals, you’ll also have access to American Express’ customer service anytime day or night. You can contact someone at American Express anytime you need help through your online portal. They offer emergency card replacement. All you have to do is contact them and they will get you a card as soon as possible. They also offer fraudulent protection. This covers you when you use your card online or off. You won’t be held responsible if someone else uses your card. American Express asks that you take care to avoid fraud by setting up a PIN.

American Express® Business Gold Rewards Card Good and the Bad

The American Express® Business Gold Rewards Card is an excellent choice for small business owners. But if you don’t travel often, then you might want to look for another card. Here are some of the things you may like and dislike about this card.

American Express® Business Gold Rewards Card PROS

  • Tax deductible annual fee if you are a small business owner in Canada
  • You’ll earn one point for every dollar you spend on your card
  • Redeeming your points is easy and you can use them on a wide variety of items, such as flights, hotels, car rentals, dining, merchandise and more
  • American Express has an extensive insurance policy to cover you no matter what you buy
  • You can better manage your business using the American Express expense report system
  • Your points can transfer to hotel and frequent flyer programs
  • Points can be used toward statement credits and Amazon purchases
  • You’ll earn a welcome bonus of 30,000 miles when you spend $5,000 within the first three months of membership
  • Enjoy 55 interest free days
  • Gain access to entertainment tickets before the general public
  • You’ll be covered for delayed flights and baggage, and stolen or lost cards and baggage
  • Emergency card replacements are available
  • 24/7 customer service and online portal access

American Express® Business Gold Rewards Card CONS

  • The annual fee is high if you cannot write it off on your taxes
  • This is a charge card and not a credit card, which means that you have to pay off you balance in full each month. Any late payments will be met with a 30% interest rate.

How To Apply American Express® Business Gold Rewards Card

To apply, you must be a Canadian resident. You must also have a Canadian credit history. This means that you have lived in Canada and established credit there. American Express wants to see that you have good credit. However, they don’t state what their minimum credit score requirement is. Because the American Express® Business Rewards Card is a charge card, you’ll have to pay in full every month. Late payments will be met with a 30% interest rate.

Here are some things to keep in mind before you apply:

You may be able to deduct your $250 annual fee if you use your card for business purposes in Canada.

Your account must be in good standing if you are going to collect points. You will not be awarded points if you do not pay your balance in full each month!

There is no preset spending amount, but this does not mean unlimited spending. Your purchases are approved by your credit history and personal resources.

The fixed points travel program applies to eligible flights only.

You can redeem 1,000 of your points to be used toward your statement.

You must link your American Express to your Amazon account to redeem your points toward purchases.

Once you’re ready to apply, you can visit the American Express website. You need to be at least 18 years old to apply. The website says you’ll have an answer within 60 seconds. Be sure to read all terms and conditions so that you understand how the card works before signing.

Ready to Apply?

Apply for the American Express® Business Gold Rewards Card now and get a response in 60 seconds

American Express® Business Gold Rewards Card

Disclaimer

CreditNervana promises to keep our information as accurate and up-to-date as possible. However, you should always consult a financial advisor for specific questions about personal or business finances and investment opportunities, especially if you are looking in your area. Working with a trained professional who is familiar with your case is a safe and guaranteed way to make the best investment decision possible. Please review our terms and conditions before making any decision based on the information we provide. Financial institutions are constantly changing. Because of this, it’s a good idea to cross check the information you read here with any company you are considering working with.

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