What are the top Amex Business Gold benefits?

No, the Amex Gold card does not offer lounge access. Unlike the Amex Gold card, The Platinum Card® from American Express has a true airport lounge benefit as one of its standard perks.

When to Prioritize Lounge Access

Though the Amex Gold card does not have a traditional lounge access benefit, it’s also a lot cheaper than most cards that offer this benefit. The Amex Gold card’s annual fee is $250 while, for example, the American Express Platinum card’s is $695.… read full answer

That said, if you’re an extremely frequent traveler and use airport lounges on a regular basis, it’s worth getting a credit card with free Global Lounge Collection access. It would cost thousands of dollars to buy unlimited access to all of those lounge brands individually.

The best Amex Gold card benefits are trip delay insurance and baggage insurance. The American Express® Gold Card also has extended warranty and purchase protection, which are more common perks across American Express credit cards.

Amex Gold card Benefits

• Trip delay insurance
• Baggage insurance
• Extended warranty
• Purchase protection
• Lowest hotel rates guarantee
• Instant card numbers
• Global Assist (an emergency card assistance hotline)… read full answer
• An annual dining credit
• Free ShopRunner membership (for free shipping with participating online merchants; enrollment required)

Along with these benefits, the Amex Gold card has a $250 annual fee and gives rewards on all purchases. As long as you have good credit, the American Express® Gold Card is certainly a card to consider adding to your wallet.

It’s actually impossible to tell what your American Express Business Gold card credit limit will be. Amex won’t even tell you what it is after you get approved. You have to call customer service at (800) 528-4800 to ask. That’s because the American Express Business Gold card has “no pre-set spending limit,” which means the amount you’re allowed to spend can change every month. It can be a confusing system at first, but getting a feel for what affects the limit will help.… read full answer

Here’s how the American Express Business Gold card credit limit works:

• You have no pre-set limit. You do have a limit on the card. It’s just not stated, and it fluctuates every month. But you can call (800) 528-4800 or the number you see on the back of your card to ask what your current spending cap is. You can also call to ask for more spending power if you’re planning to make a big purchase.
• Your spending affects your limit. Amex takes your past spending into account when deciding your limit. If you haven’t been using up a lot of your available credit thus far, you may actually receive more as a reward for being responsible.
• Payment history is important. American Express Business Gold card is a charge card, meaning you’re supposed to pay off the full balance every month. If your payment is late, they’ll charge a fee and maybe even lower your limit.
• Amex looks at overall credit history. If you pay your other loans and lines of credit on time every month and keep your credit utilization low, Amex will see you as more trustworthy and will be more likely to increase your spending power.

If you end up getting American Express Business Gold card, make sure to keep track of your spending. You may want to give Amex a call if you’re ever approaching what you spent last month, just to see how much room you’ve got left. It’s also worth noting that no preset spending limit credit cards can create problems for your credit score. Because there’s no single, static credit limit, the account’s highest balance may be used instead. That means your credit utilization will be calculated by dividing the balance listed on your monthly statement by the biggest monthly balance you’ve had since opening the account. So, if you usually spend about the same amount, unfairly high utilization could hurt your credit score.

American Express Business Gold card’s complicated credit limit isn’t for everyone. And that’s fine. There are plenty of great business credit cards with standard minimum credit limits you can choose from.