Some of the top American Express Business Gold card benefits include an initial bonus of 70,000 points for spending $10,000 within 3 months and 4 points per $1 in the two select categories with the most spending (up to $150,000 per year combined) and 1 point on all other purchases . There are lots of other items on the American Express Business Gold card benefits list too, including a 0% foreign transaction fee.
Here are the American Express Business Gold card benefits:
Initial Bonus: 70,000 points for spending $10,000 within 3 months.
Ongoing Rewards: 4 points per $1 in the two select categories with the most spending (up to $150,000 per year combined) and 1 point on all other purchases.
0% foreign transaction fee
Insurance: baggage insurance, trip delay insurance, car rental insurance, extended warranty, and purchase protection.
Other perks: a 25% rebate on points redeemed for airfare through Amex travel (up to 250,000 points back per year, and the freedom to transfer points to leading airline and hotel partners’ loyalty programs.
American Express Business Gold card benefits are a good deal if you spend a lot on business travel. All of these perks aren’t free, though. There’s a $295 annual fee to contend with. So, whether the card is worthwhile depends on your ability to get at least that much value from American Express Business Gold card’s benefits each year.
Insurance benefits disclosure: Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Trip Delay Insurance is underwritten by New Hampshire Insurance Company, an AIG Company. Other types of insurance mentioned here - underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
One of the American Express Business Gold card benefits people fail to mention is baggage insurance — you will receive up to $1,250 worth of insurance for lost or delayed checked bags. My baggage was lost just last week.
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.
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.
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