American Express® Business Gold Rewards Card
Not yet rated
Travel
Welcome bonus – Earn up to $700 in first-year bonuses.
Card highlights
Welcome bonus
Annual fee
Ratehub’s review
Natasha Macmillan
This card makes sense for growing businesses who spend a lot. While the welcome bonus and earn rates are generous, the spending requirements for each are quite high.
Pros:
- Business management offers: The expense management feature simplifies business operations, allowing users to sort charges by vendor and spend category. Plus, with Dynamic Purchasing Power, your spending limit isn’t fixed and adjusts according to your spending habits and payment history which is great for growing businesses
- Payment flexibility: This is a charge card, and you’ll have up to 55 days interest-free before you need to pay off your balance in full. Unpaid balances will then be charged 30% interest which is steep
Cons:
- Rewards take a long time to build: Other than the decent base earn rate of 1 point per $1 on purchases, the $20,000 for 10,000 points earn rate doesn’t make much sense if you’re not a big spender on your business
- Somewhat lacking in insurance: For a premium card, the insurance options are somewhat basic. While you’ll be covered with purchase protection, employee card misuse and mobile device coverage, travel accident insurance, trip delay insurance and more, the card does not offer travel medical insurance
- Statement credits have lower value: If you’re planning on redeeming your points for a statement credit to cover the card’s balance at a rate of 1 point =1 cent, which isn’t bad, know that your points will have less value then they would for certain travel redemptions
Rewards & bonuses
See what you could earn based on how you spend.
Welcome bonus
Earn up to $700.
Earn 50,000 Membership Rewards® points after spending $7,500 in purchases within the first three months of Cardmembership.
Earn rates
1 point/$1
On other purchases*
Caps apply where shown. Rewards are earned on eligible purchases only, see the card’s terms for full details. 100 points = $1.
Your earning potential
First year reward
Based on spending $2,200/mo after $199 annual fee
Second year reward
Based on spending $2,200/mo after $199 annual fee
These numbers are based on estimations and the calculation breakdown below.
Adjust your spending
First year reward†
- If you spend $2,200/month, you’ll earn
- Welcome bonusnot met
- Annual fee
- First year reward
Second year reward†
- If you spend $2,200/month, you’ll earn
- Annual fee
- Second year reward
† Estimate calculated by Ratehub.ca and is based on current offers and a monthly spend of $2,200. It is for illustrative purposes only.
Perks & insurance
Perks and insurance coverage included with the card.
| Perks | Details | |
|---|---|---|
| Lounge access | Not included | You’ll gain complimentary passes to airport lounges. The number of passes and lounges you have access to will vary. |
| No foreign exchange fees | Not included | A surcharge that credit card holders pay for purchases made in a foreign currency (typically 2.5%). |
| Extended warranty | Included | Either doubles the length of the item’s manufacturer’s warranty coverage or extends it by 1 year, whichever is less. |
| Price protection | Not included | If, within a certain amount of time of purchasing an item, its price drops or you find an identical item offered for a lower retail price than what you paid, you will be reimbursed for the difference. |
| Insurance | Details | |
|---|---|---|
| Travel accident insurance | Included | If you suffer a loss as a result of an accidental bodily injury sustained while occupying a common carrier, you are eligible for this coverage. |
| Travel emergency medical | Included | If you require urgent medical care while on a trip outside of your home province, you will be covered for any eligible medical expenses incurred. |
| Car rental insurance | Included | Credit card rental car insurance usually covers theft, loss and damage to your rental car in the case of an accidental collision. |
| Trip cancellation | Not included | If you have to cancel your trip before it’s even started, your prepaid travel costs will be covered up to a maximum amount if the cause of cancellation is eligible for the insurance. |
| Trip interruption | Not included | If your trip has to be cut short or is delayed after the scheduled departure date, you will be covered up to a maximum amount for an eligible cause of interruption or delay. |
| Flight delay insurance | Included | If your flight departure is delayed by a certain number of hours, you’ll be reimbursed a certain amount for necessary and reasonable expenses. |
| Baggage loss insurance | Included | If your checked bag cannot be located by a common carrier, you’ll be reimbursed for a portion of the replacement cost of lost personal property. |
| Baggage delay insurance | Included | If your checked bag is not delivered within a specified time upon your arrival, you’ll be reimbursed for the cost to replace essential items. |
| Hotel/motel burglary | Included | Provides protection, while you’re checked in, for your personal belongings when left unattended in your room up to a certain dollar amount. |
| Mobile insurance | Included | Reimburses a portion of your cell phone in the event it’s damaged or lost. Device coverage is limited to a certain period of time after purchasing with your credit card. |
| Purchase assurance | Included | Automatically protects new purchases by insuring them for 90 days from the date of purchase in the event of loss, theft or damage. |
Details & eligibility
Fees
- Annual fee
- $199
Rates
- Purchase interest
- N/A
- Balance transfer rate
- N/A
- Cash advance rate
- N/A
Type
- Provider
- American Express
- Card type
- Travel
- Payment network
- American Express
Eligibility
- Minimum personal income
- N/A
- Minimum household income
- N/A
- Minimum credit score
- 725+