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INSIDER SECRET: Amex small-business cards don’t show up on your personal credit report, so they won’t add to your Chase 5/24 count.
Through Nov. 6, 2019, the American Express® Business Gold Card has a unique limited-time bonus offer. If you’re approved for the card, you’ll be able to earn up to $500 in statement credits for qualifying FedEx purchases made with your card in the first three months of account opening.
Recently, we’ve seen intro bonuses as high as 50,000 Amex Membership Rewards points for this card. In most cases, 50,000 Amex points are worth much more than $500, so this isn’t the best offer we’ve ever seen.
Let’s review the other benefits of the card.
Limited-Time Offer on American Express Business Gold Card
The Amex Business Gold has spending categories that vary with your expenses. You’ll earn 4 Amex Membership Rewards points on two categories where you spend the most each month (capped at the first $150,000 in combined purchases each calendar year, then 1 point per $1):
- Airfare purchased directly from airlines
- US purchases for advertising in select media (online, TV, radio)
- US purchases made directly from select technology providers of computer hardware, software, and cloud solutions
- US purchases at gas stations
- US purchases at restaurants
- US purchases for shipping
It’s handy that you don’t have to select categories at the beginning of the year and then get stuck with them. Instead, as your business spending shifts throughout the year, so will your bonus categories.
The best perk of the card is the 25% points rebate you’ll get if you use your Amex points to book flights with Amex Travel (up to 250,000 points back each calendar year). The rebate applies for first- and business-class tickets, as well as coach tickets on your selected airline.
American Express only lets you earn an intro offer on a specific card once in a lifetime, so if you’ve ever had the Amex Business Gold card before, you won’t be eligible for this offer.
This is one of the most specific welcome offers I’ve ever seen, and it will only benefit businesses that spend a lot with FedEx. Also, the Amex Business Gold card has a $295 annual fee (see rates and fees), so if you really want to get $500 in cash back I would apply for either of these no-annual-fee cash-back business cards instead:
- Ink Business Cash℠ Credit Card – Earn $500 cash back after spending $3,000 in the first three months of account opening
- Ink Business Unlimited℠ Credit Card – Earn $500 cash back after spending $3,000 in the first three months of account opening
Both of these cards are issued by Chase, so they are subject to the Chase 5/24 rule, which means you won’t be eligible if you’ve opened 5+ credit cards from any bank in the past 24 months.
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For rates and fees of the Amex Business Gold Card, please click here.