Amex Business Gold review: Are the rewards and benefits worth the $295 annual fee?

Amex Business Gold review: Are the rewards and benefits worth the $295 annual fee?

Amex Business Gold Card

The Points Guy

The Amex Business Gold Card can earn you up to 4 points per dollar across a wide range of spending categories.

  • The American Express® Business Gold Card offers a combination of compelling rewards and valuable benefits that can easily cover the $295 annual fee.
  • Fresh features include up to 4 Membership Rewards per dollar and 25% of your points back when redeeming for flights.
  • New cardholders can get up to $500 back in statement credits at FedEx in the first three months.

If you run a business and love to travel, you should know about the American Express Business Gold Card. The new and improved version is best for business owners and managers who regularly travel for business. Because the card rewards you in the categories where you spend the most, it's a good fit for a wide range of businesses.

American Express Business Gold Card details

Annual fee: $295

Welcome bonus: Get up to $500 back in the form of statement credits by purchasing qualifying services with FedEx in the first three months

Points earning: 4x points on the two categories where your business spends the most each billing cycle from the following list: airfare purchased directly from airlines, US purchases for advertising in select media, US purchases made directly from select technology providers of computer hardware, software, and cloud solutions, US purchases at gas stations, US purchases at restaurants, US purchases for shipping (and 1 point per dollar on everything else)


Foreign transaction fee: None

Welcome bonus

If your business uses shipping services, you'll want to know about a limited-time deal for new cardholders at American Express. You can get up to $500 in statement credits for purchases at FedEx in the first three months after opening a new account.

This perk alone can be worth more than the first year's annual fee and then some. You have to apply by November 6, 2019 to qualify.

Read more: The best current credit card sign-up bonuses

Earn 4 points per dollar on your top two categories

American Express Membership Rewards points are among the most valuable to travel rewards enthusiasts. The Points Guy pegs the value of Amex points at about 2 cents apiece. When you earn at the top rate, that's like getting 8% cash back if you redeem at the 2-cents-per-point rate.


The card offers the 4x rate on the two categories you spend most each month. Categories include:

  • Airfare purchased directly from airlines
  • US gas stations
  • US restaurants
  • US shipping providers
  • Select US advertising and technology providers
  • US purchases for advertising in select media (online, TV, radio)

The 4x rate is good up to $150,000 in combined annual purchases. Beyond that point, you'll get the same 1-point-per dollar you get on standard purchases. If you maximize the bonus, you'll take home 600,000-plus points per year.

25% point rebate on flight redemptions

When you redeem points to book flights with American Express Travel, you'll get 25% of your points back, up to 250,000 points back per calendar year. To be eligible for this rebate, you need to pay with points to book a first- or business-class seat, or book a seat in any class with your selected qualifying airline.

When redeeming at Amex Travel, points are worth 1 cent each. The 25% rebate boosts that to 1.25 cents per point.

Using Amex points

Keep in mind that you may be able to get 2 cents per point or more when you transfer to airline partners. Top airline partners with a 1:1 transfer rate include Delta, Singapore, Etihad, and Emirates, among other global airlines.


Also, look at British Airways, JetBlue, and other partners when booking travel, as they may offer a better deal even though they don't include the 25% rebate.

Purchase and travel protections

As a premium American Express card, the Business Gold card comes with a wide range of travel insurance and purchase protections. You won't want to make a business purchase with cash or debit if you have this card available.

For travel, benefits include no foreign transaction fees, access to the Global Assist Hotline, roadside assistance, baggage insurance, travel accident insurance, and rental car insurance.

At the checkout counter or online shopping cart, you get an automatic extended warranty, purchase protection, and return protection.

Never underestimate the value of this type of benefit. For a week-long business trip, the auto rental insurance alone could easily be worth $50 to $100. Just keep in mind that this insurance is secondary, rather than primary, which means it kicks in after your own personal car insurance.


Is the Business Gold card worth $295 per year?

Credit cards with annual fees may scare you off, but if you take the time to understand what you get back it's easy to see why an annual fee can make sense. Between bonus points on everyday purchases, welcome bonuses, and benefits, the path to $300+ per year in value is crystal clear.

If you have a small business, this card should definitely be a contender for a prized slot in your wallet. If you're looking for even more premium travel benefits like airport lounge access, the Business Platinum® Card from American Express could also be worth a look, but that card has a higher $595 annual fee and more limited bonus categories.

Click here to learn more about the Amex Business Gold from our partner The Points Guy.

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