American Express Business Gold Rewards Card

Last updated: March 18, 2022
  • 75,000 Membership Rewards points
  • $1,561 First-year value
Best offer is available via a referral link
Signup bonus:
75,000 MR points upon spending $5,000 in the first three months
10,000 MR points upon spending $20,000 in each of the four calendar quarters every year
Total of 115,000 MR points
Annual fee:
Earning rate:
1 MR point per dollar spent on all purchases
Referral bonus:
15,000 MR points per referral, up to a maximum of 75,000 MR points per calendar year
Card type:
Charge card

The American Express Business Gold Rewards Card is the mid-range small business credit card by American Express, which comes with a very impressive welcome bonus.

Bonuses & Fees

Currently, the American Express Business Gold Rewards Card offers up to 75,000 Membership Rewards points as a signup bonus when you apply via a referral link as long as you reach the minimum spending requirement of $5,000 in the first three months.

The annual fee is $199.

Beginning January 1, 2022, Amex introduced a “Quarterly Purchase Bonus” which awards 10,000 MR points upon spending $20,000 in each of the four calendar quarters every year. No enrollment or registration is required – all of your purchases in 2022 will simply start counting towards the quarterly bonus.

The card also allows you to earn 15,000 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.

While the product is geared towards small business owners, in general anyone can apply if they’re comfortable declaring that they operate as a sole proprietorship (i.e., do business under their own name). This is done by listing one’s own full name as the business name on the credit card application.

Earning Rewards

With the Business Gold Card, you’ll earn 1 MR point per dollar spent on all purchases.

Compared to the other cards in the Membership Rewards family, this earning rate is quite weak. Other cards like the Cobalt Card with its 5 MR points per dollar spent on groceries and dining, or the Business Platinum Card with 1.25 MR points per dollar spent on regular purchases would be better options to put daily spending on.

Unfortunately, American Express has announced an end to the “Your 3 Suppliers” program with March 31, 2022, being the last day to make a purchase to earn 2x MR points on your chosen suppliers.

Redeeming Rewards

The Membership Rewards program offers outstanding redemption opportunities as well. This is primarily because it’s a flexible, transferable rewards currency.

You can transfer your MR points at a 1:1 ratio to Aeroplan and British Airways Avios, as well as a host of other global frequent flyer programs (including Cathay Pacific Asia Miles) at a 1:0.75 ratio. Moreover, you also have the option of converting points to Marriott Bonvoy at a 1:1.2 ratio for booking hotel stays.

Furthermore, you can redeem MR points directly for flights through the Amex Fixed Points Travel reward chart, although these are limited to round-trip flights departing from Canada.

Essentially, you can use a fixed amount of points towards the base ticket price of a regular cash ticket, up to a certain maximum. The number of points required and the maximum ticket price depends on the geographical region you are visiting (you can only book roundtrip flights that originate in Canada).

Lastly, you have the option of redeeming MR points directly against travel purchases at a rate of 1 cent per point (cpp), although this is typically not recommended, as the value pales in comparison to what you could get by booking flights through Aeroplan, Avios, or even the Fixed Points Travel chart.

Perks & Benefits

While the Business Gold Card lacks some of the premium travel benefits that you’ll find on the higher-end American Express cards, you’ll still get all of the standard perks of being an American Express cardholder, including Front of the Line event presale tickets, American Express Invites to exclusive experiences, and Amex Offers for extra everyday value when you use your card.

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 Bonvoy 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.

Historical Offers

Apply Now

There is no minimum income requirement for this card. You can qualify for an American Express small business card as a sole proprietor, doing business under your own name. There’s no need to be a registered small business owner.

You'll earn the best available signup bonus of 75,000 MR points if you apply using a referral link. Consider supporting Prince of Travel by applying for the card via the link below.