What does the new Amex Gold Card have to offer?

No, you can’t earn the American Express Business Gold card 75k bonus anymore as the offer is no longer available. The current bonus is 70,000 points for spending $10,000 within 3 months of account opening. You can redeem your American Express Business Gold card points for a variety of things, including gift cards, statement credit, travel, and more.

You can still earn a lot of bonus points with the current American Express Business Gold card promotional offers. Take a look at some of the card’s other features below.… read full answer

Here’s what the American Express Business Gold card currently offers:

• High initial bonus. You’ll earn 70,000 points for spending $10,000 within 3 months of account opening. In addition, points are worth up to 1 cent each. You can redeem your points for gift cards or book travel through Amex Travel. So, that’s a worthwhile return on the $10,000 you have to spend.
• Extra points in bonus categories. With this card you can earn 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. The categories include airfare purchased directly from airlines, and U.S. purchases on advertising in select media, shipping, gas stations, computer hardware/software/cloud solutions, and restaurants.
• Airline Bonus. You get 25% of your points back after using them to book flights through Amex Travel, up to 250,000 per calendar year.
• Free employee cards. You can add employees as authorized users on your account.
• Expense management tools. You’ll get free access to mobile apps that will help you improve your cash flow and manage your account. You’ll also get detailed yearly summaries. Plus, you can link your account to QuickBooks, which will help you keep track of your expanses.
• Travel perks. You can get reimbursed for damage or theft of rental cars that you paid for with the American Express Business Gold card. You’re also insured up to a specified amount for lost or damaged baggage, emergency assistance, and trip delays. Plus, there’s a 0% foreign transaction fee for any transactions that involve international merchants.

Moreover, Amex will sometimes temporarily boost their initial bonus offer on their website. So, make sure to occasionally check for any updates. You can also get other types of bonus points every month and various other perks to sweeten the deal.

The decision to apply isn’t a no-brainer, though. You should definitely consider other cards, too. A good option is the Ink Business Preferred® Credit Card, which offers 100,000 points for spending $15,000 in the first 3 months. Another decent choice is the Capital One Spark Cash Plus, which offers $500 for spending $5,000 in the first 3 months and $500 for spending $50,000 in the first 6 months.

The Amex Gold card has no preset spending limit, which means the spending power is determined on a month-to-month basis, depending on the cardholder’s previous spending habits, income, payment history and other factors. This does not mean that consumers are able to spend limitlessly with a no preset spending limit. Amex Gold cardholders are given a flexible spending capacity, rather than a specific one.… read full answer

More info about the Amex Gold card NPSL

While not having a preset spending limit (NPSL) can offer you some flexibility, it can be difficult in emergency situations. You can know roughly what you’re able to spend based on past months, but with most NPSL cards, you never know exactly when a future purchase will be declined.

American Express makes it easier to plan for future purchases, though. If you're unsure whether a large purchase will be approved or not, simply use the Check Spending Power tool in your online account or mobile app.

Alternatives to No Preset Spending Limit

If you’d rather get a card with a set credit limit, some good rewards card options from Amex include the Amex Cash Magnet Card, Blue Cash Preferred® Card from American Express and the Blue Cash Everyday® Card from American Express.

The credit score that you need for the Amex Gold card is 700, at a minimum. That means people with good credit or better have a shot at getting approved for this card.

Other American Express® Gold Card approval requirements:

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Amex Gold card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.… read full answer

If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Amex Gold card credit score requirement. You can check your credit score for free on WalletHub.