American Express is offering 100,000 Membership Rewards Points for new Card Members who apply for the American Express Gold Business Card until 29 June 2022.

A minimum spend of $1,000 within the first 2 months of approval is required to receive the 100,000 bonus points and will be credited to your account around 8-10 weeks after the minimum spend is reached.

The card includes complimentary Travel Insurance and Card Members can also add up to 99 Employee Cards to help keep track of expenses.

It is worth knowing that Membership Rewards Ascent points are transferable to 8 key frequent flyer programs, including KrisFlyer, Asia Miles, Etihad Guest and more—on a 2:1 basis. This means that the current 100,000 bonus points are equivalent to 50,000 points when transferred to the aforementioned programs.

How you could use the bonus points from this card

All redemption figures above exclude any accompanying taxes, fees and charges. Points redemption price data is provided by a third-party. For an exact total redemption cost, please consult with the airline directly.

Disclaimer: These are example redemptions only and due to COVID-19 travel restrictions, some of these routes may not be currently available.

The American Express Gold Charge Card is aimed at business owners who want to earn Membership Rewards on their business-related expenses but don’t want or need all the benefits of the Platinum Business Charge card.

Card Details

CardAmerican Express Business Gold Card
Loyalty ProgramAmerican Express Membership Rewards
Points earned from spendEarn 1.5 points per $1 spent on all purchases, except for those in the 1 point category such as government bodies
Included InsuranceTravel Insurance (PDS)
Overseas transaction fee3% of the converted amount
Minimum income requirementAnnual business revenue of $75,000 or more
Annual Fee$169 p.a. (plus optional $80 Membership Rewards fee)

Effective Frequent Flyer Program Point earn Rates

Frequent Flyer ProgramAll spend except on government bodies
Qantas Points1.125 points / $
Singapore Airlines Krisflyer Miles1.125 miles / $
Cathay Pacific Asia Miles1.125 miles / $

Benefits of the Gold Business Card

The benefits of the Gold Business Card include:

  • Able to earn Membership Rewards points on spend (additional $80 Membership Rewards fee on top of annual fee)
  • Up to 99 Employee Cards ($119 per card)
  • Up to 51 cash flow days
  • Flexible Payment Option
  • Travel Insurances (read full PDS here)

Gold Business Card is a charge card

This is a charge card, which means that the balance of the card must be paid for in full each month, as opposed to a credit card, where you can carry your balance over to the next month.

American Express offer some more detailed information regarding the differences between a charge and credit card here.

Earning points from spend on the Gold Business Card

With the American Express Gold Business Card, you will be able to earn Membership Rewards Ascent points on spend if you decide to enrol to the program.

Membership Rewards partners with the major frequent flyer programs in the region as a flexible points program, which allows on-demand transfers of your points over to the frequent flyer program at your request.

The American Express Gold Business Card earn rates are as follows:

  • Earn 1.5 points per $1 on all purchases, except those in the 1 point category
  • Earn 1 point per $1 spent with government bodies

The ability to earn 1.5 points per $1 on utility transactions including gas, water, electricity providers and insurances is a big advantage of the card. You can also earn 1 point per $1 on all government spend such as the Australian Taxation Office, Australia Post, federal/state and local government bodies.

Flexible Payment Option

Business owners can free up their cash flow with an instant line of credit on their Charge Card. Instead of paying off the balance in full each statement period, it can be paid off over time.

How it works:

  1. The Card Member will receive a statement at the end of each statement period summarising their spend
  2. They can choose to pay the Closing Balance, the minimum amount due, or any amount in between (up to their Flexible Payment Option Limit).
  3. They can carry over any unpaid amount to their next month’s balance. Any amount not paid in full will incur interest at a rate of 19.99% p.a. until repaid.

Travel Insurance

Given that each person’s insurance needs are different, we will list down the coverage that comes with the card but make sure to check out the full Gold Business Card Insurance PDS and assess whether it will cover your needs.

Know you’re covered both domestically and internationally with complimentary Travel Insurance for you, your spouse, and your Employee Card Members when you pay for your return trip with your American Express Gold Business Card.

The insurances included are:

  • Cover for business travel
  • Business trip completion Cover
  • Travel Cancellation and Amendment Cover and Travel Inconvenience Cover
  • Baggage, Money and Documents Cover

This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.

Key eligibility requirements for the American Express Gold Business Card

  • Must be an Australian citizen or a permanent resident
  • Have a personal gross (pre-tax) annual income of $75,000 or more
  • Operate a trading ABN or ACN

There are no requirements for the self-employed to have been trading for 18 months or 12 months if they hold another American Express card when considering the Gold Business Card. Therefore, this card could be an alternative to the featured-packed high annual fee Platinum Personal or Business Charge cards.

Summing up: American Express Gold Business Card

If you just need a no-frills business card to be used for business-related expenses, then the American Express Gold Business Card might be worth considering, given its low ongoing annual fee.

It is worth noting though that if you would like to earn Membership Rewards Points on your business-related spend then you will have to pay for the $80 enrolment fee.

If you are after a business card with more features and options, the American Express Platinum Business Card might fit the bill better, even with its high ongoing annual fee.

100,000 Membership Rewards points with the American Express Gold Business Card was last modified: April 7th, 2022 by Daniel Sciberras