American Express Business Gold Card
Best offer available via a referral link only

  • Signup bonus: 40,000 MR points
  • Minimum spending: $5,000 in the first three months
  • Annual fee: $250
  • Earning rate:
    • 2 MR points per dollar spent on three select merchants
    • 1 MR point per dollar spent on all other purchases
  • Referral bonus: 5,000 MR points per referral, up to 75,000 MR points per calendar year
  • Insurance: Average

The Bonuses

Currently, the American Express Business Gold Card offers 40,000 Membership Rewards points upon spending $5,000 in the first three months. 

The annual fee is $250 and is not waived for the first year. There used to be a fee waiver on this card; however, it was removed in June 2018. Time will tell if it ever returns.

40,000 MR points for $250 is a good deal, though not quite as good as it was with the fee waiver of course.

The minimum spending requirement of $5,000 within three months might be well beyond the normal spending capacity of many cardholders. If you are hesitant to apply for this card because you're unsure if you can meet the spending, check out this post which highlights some tips and tricks for navigating this hurdle.

The card also allows you to earn 5,000 MR points for every referral you make to any card in the Membership Rewards family, up to a maximum of 75,000 MR points a year.

If at this point you are wondering "But I don't have a small business. Can I still get this card?" then go and read my exposé on the subject. The answer is yes, loud and clear.

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Earning Rewards

With the Business Gold Card, you'll earn 2 MR points per dollar spent with three select merchants of your choice from a list of 40+ possible "suppliers" in Canada. You'll earn 1 MR point per dollar spent on all other purchases.

Click here for the list of participating merchants. There's a few good ones on the list, including Best Buy, Microsoft, Petro-Canada, Lowes, and Plastiq. Keep in mind that the card is ultimately geared towards small business owners, hence some of the more obscure suppliers on the list. 

Compared to the other cards in the Membership Rewards family, the only occasion when it would make sense to pay with your Business Gold Card is when you're spending with one of your three selected merchants. Otherwise, you'd be better off paying with the Platinum or Business Platinum cards, since those offer 1.25 MR per dollar spent on regular purchases.

Insurance Coverage

Insurance isn't necessarily the strong suit of the Business Gold Card. It doesn't come with Emergency Travel Insurance, which is a key protection that many travellers view as mandatory.

The Business Gold Card offers coverage of up to $500 in Baggage Delay Insurance and up to $100,000 in Travel Accident Insurance – these are lower limits than other American Express cards, like the Gold Rewards Card or the SPG Card.

As a business card, one type of coverage that the Business Gold Card does offer is the Disability Plan for Small Business, which will compensate you up to $10,000 if you, as a sole proprietor, suffer permanent, total disability as the direct result of an accidental injury. Useful to keep in mind, in case the unthinkable happens.

Apply Now

As I've discussed, there's no requirement to be a registered small business owner of any kind. Just apply as a sole proprietorship and put your own name in the "Business Name" field. There's also no minimum income requirement on this card.

I’d be grateful if you considered applying via my referral link below to support the site, in order to grab the maximum signup bonus on this card of 40,000 MR points.

Any questions? Contact me.