American Express Business Gold Card
Best offer available via Canada Post

  • Signup bonus: 40,000 MR points
  • Minimum spending: $5,000 in the first three months
  • Annual fee:
    • $149 via Canada Post
    • Offset by $149 statement credit after meeting the minimum spending
    • Nets to $0 for the first year
  • 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 normally $250 if you apply via the Amex website or via a referral link; however, if you apply via the Canada Post special offer, you enjoy a reduced annual fee of $149 that's also effectively waived for the first year (since you get a $149 statement credit after meeting the minimum spending).

The offer is targeted towards members of Canada Post Solutions for Small Business, but since anyone can become a member, that effectively makes it a public offer.

40,000 MR points for no annual fees out-of-pocket (remember, you can cancel the card before the first year is up) is an unbelievable deal. The only possible caveat is the minimum spending requirement of $5,000 within three months, which may 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 exposΓ© on the subject. The answer is yes, loud and clear.

American Express Membership Rewards
The best transferrable points currency
In-depth guide

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.

To get the best offer on this card, read about the Canada Post special offer and apply via the landing page, using the correct RSVP code:

You could also apply via my referral link below to support the site; however, this offer would be subject to the regular $250 annual fee.

Any questions? Contact me.