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The New Business Gold Rewards Card® from American Express OPEN


The New Business Gold Rewards Card® from American Express OPEN is a business credit card from American Express that features discounts from select merchants and retailers as well as access to Membership Rewards program. Search and compare business credit cards and then apply online today for the New Business Gold Rewards Card® from American Express OPEN.
The Business Gold Rewards Card® from American Express OPEN
Business Gold Rewards Card Apply Now
  • FOR A LIMITED TIME: Earn 5X points on shipping and advertising for the first 3 months of Card membership.
  • Earn points even faster to get more rewards for your business
  • 3X points on airfare | 2X points on advertising, gas, and shipping | 1X points on everything else*
  • One million rewards from over 500 brands
  • 24/7 support for everything from identity theft to travel emergencies
  • $0 introductory annual fee for the first year, then $175
  • Get unlimited Additional Gold Cards for an additional annual fee of $50 - and this fee is waived for the first year
  • Terms & restrictions apply.
Intro Rate
Intro Period
Reg. Rate
Annual Fee
Balance
Transfers
Credit Needed
N/A*
N/A*
N/A*
$0 introductory annual fee for the first year, then $175
Yes*
Good Credit*

Editor's Review: The New Business Gold Rewards Card® from American Express OPEN(SM) is a charge card and is technically not a credit card. This card is designed primarily for those individuals who are planning to pay their business expenses in full every month. To get approval on this card, the business will need to have at least fair to good credit. Since the Gold Card is a charge card, you will not have the option to pay off the balance over time. That's the bad news. The good news is that this card does provide businesses a sort of "tough love" payment plan; you must pay off the balance every month. As distasteful as that may sound it will provide a built-in measure of fiscal discipline by not allowing the accumulation of too much credit card debt. Paying only the minimum payment over time can result in significant accumulation of debt over time.

There's a $125 annual fee charged to the primary cardholder as well as a $45 fee for each additional cardholder. Don't get too uptight about the annual fee for this card; the annual fee is more than offset by the card benefits (described below) and the fee itself can be expensed and written off your business taxes at year's end.

As with all business credit cards issued by American Express®, cardholders will have the opportunity to take advantage of many additional services and benefits. These benefits include expense reports provided quarterly as well as special discounts from selected retailers such as FedEx®, AT&T®, Staples®, and others. Please be sure to review all of the disclosures for participating merchant discounts; restrictions and limitations do apply.

For an additional $40 annual fee, cardholders will have access to the Membership Rewards® program. This program is absolutely one of the premier reward programs available in the credit card industry. Membership Rewards® offers a great variety of merchandise and services that cardholders can redeem for accumulated points. In addition, there is no ceiling or limit on the number of points that can be earned, and earned points will not expire.

All in all, this is a solid business credit card choice.

(Review Date: February 27, 2012)