Small business owners looking to maximize their rewards from everyday business purchases should look no further than the American Express Business Gold Rewards Card. In this review I’ll highlight several reasons why this card should be considered one of – if not the – strongest business rewards credit cards on the market today.

One major advantage the American Express Business Gold Rewards Card has over other small business credit cards is the fact that it’s actually a charge card, not a credit card. What that means is that charge cards don’t come with a pre-set spending limit. While you won’t have unlimited spending power, with a charge card you can put through more expenses during one statement cycle. That has the potential to earn you big rewards. That said, it’s important to note that charge cards must be paid off in full when the balance is due or face a hefty 30 percent fee.

Here’s a look at the rest of the features that sets the American Express Business Gold Rewards Card apart from its competitors:

American Express Business Gold Rewards Card Review

American Express Business Gold Rewards Card review

Why is this card such a powerhouse? Three reasons:

1.) You can earn a welcome bonus of 40,000 Membership Rewards points (with a referral) when you charge $5,000 worth of purchases to your card within the first three months.

2.) The $250 annual fee is waived in the first year, along with the $50 supplement card fee.

3.) Membership Rewards are arguably the most valuable points currency on the market, with the flexibility to transfer points 1:1 to frequent flyer programs like Aeroplan and Avios.

In addition, American Express Business Gold Rewards Card members will receive the following benefits:

  • 1 Membership Reward point for every dollar in purchases.
  • One extra point for every dollar charged to the card at three suppliers you pick from a list of select American Express merchants in Canada.
  • Earn a referral bonus of 10,000 Membership Rewards points for each approved referral.
  • Disability plan for small business
  • Employee card misuse protection

Plus a host of travel insurance and protection, including:

  • Travel Accident Insurance up to $100,000
  • Car Rental Theft and Damage Insurance
  • Flight Delay and Baggage Delay Insurance
  • Hotel Burglary Insurance
  • Travel Emergency Assistance
  • Lost or Stolen Baggage Insurance

Unfortunately it does not come with Emergency Medical Insurance, Travel Medical Concierge, Trip Cancellation Insurance, or Trip Interruption Insurance, but if you want those features then consider upgrading to the American Express Business Platinum Card.

Membership Rewards points

I’ve shown you why small business owners should be all over the American Express Business Gold Rewards Card. The 40,000 Membership Rewards points sign-up bonus (with referral link) beats the normal offer of 30,000 points when you spend $5,000 in the first three months. Once you reach the minimum spending threshold you’ll have at least 45,000 Membership Rewards points at your disposal.

If you’re like me, you’ll want to transfer those Membership Rewards Points to Aeroplan, which you can do on a 1:1 basis. 45,000 Aeroplan miles is worth roughly $900 in flight rewards, using an attainable return rate of 2 cents per mile.

You won’t find another credit card on the market that will give you $900 worth of travel rewards value with no annual fee in the first year. And that’s why the American Express Business Gold Rewards card should be a staple right now in every small business owner’s wallet.

Final thoughts

As a small business owner myself I took advantage of this offer earlier in the year and have already earned my 40,000 Membership Rewards points bonus. I referred myself from my American Express Platinum Card to earn the additional bonus.

If you’re interested in signing up for the American Express Business Gold Rewards Cards you’ll want to use a referral link, too, and mine will provide you with the extra 10,000 bonus points that really puts this card over the top.

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