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Editor’s note: This is a recurring post, regularly updated with new information.


In the American Express lineup of small-business cards, the American Express® Business Gold Card and The Business Platinum Card® from American Express are two popular offerings.

But just like their consumer counterparts, these two cards are each geared toward cardholders with different goals and needs.

With the Amex Business Gold Card, you’ll now earn 70,000 points after you spend $10,000 on eligible purchases with your card in the first three months of card membership. Our exclusive TPG offer for the Amex Business Platinum Card allows new applicants to earn a staggering 150,000 points after spending $15,000 on eligible purchases in the first three months of card membership.

So, with two great offers, which one might be a better fit for your business needs? Let’s take a look at these cards and see which card works best.

Benefits common to both cards

As premium travel rewards cards, both come with many of the same features, including:

  • Membership Rewards points Membership Rewards points can be transferred to miles with over 20 airline and hotel loyalty programs. When used in this manner, points are worth 2 cents each, according to TPG’s latest monthly valuations.
  • Purchase protection* — Your eligible purchases are covered against accidental damage or theft for 90 days for up to $1,000 per incident with the Business Gold and up to $10,000 per incident with the Business Platinum up to $50,000 per card member account per calendar year. However, coverage related to natural disasters is limited to $500 per incident.
  • Extended warranty* — Your purchases receive up to one additional year of warranty service on purchases with warranties of five years or less. Coverage is up to the actual amount charged to your card for the item up to a maximum of $10,000; not to exceed $50,000 per card member account per calendar year.
  • Baggage insurance** — Business Gold cardholders receive up to $500 worth of insurance for damaged, stolen or lost checked bags ($1,250 for carry-ons). In comparison, Business Platinum cardholders receive up to $2,000 for checked bags ($3,000 for carry-ons) when traveling on any common carrier such as aircraft, trains, ships or buses. You must pay for the full fare using the card — just paying taxes and fees on an award ticket doesn’t count — and there’s a $1,000 cap ($250 for the Business Gold) for high-risk items.
  • Account manager — This service lets you easily designate employees or other individuals who can manage your account with either full or limited access, making it easier to delegate tasks like reviewing statements, adding authorized users, making payments and disputing charges.
  • American Express Business App — This tool allows you to manage expenses from your desktop or mobile device by entering receipts, tagging transactions and adding notes to your statements. You can also sync this data with QuickBooks.
  • Employee card features —To help you earn rewards from your employees’ spending while mitigating the risk of fraudulent transactions, Amex small-business cards allow you to limit authorized cardholders’ purchases and set real-time alerts.
  • No foreign transaction fees — Both the Amex Business Gold (see rates and fees) and the Business Platinum (see rates and fees) waive foreign transaction fees when you use your card abroad.
  • Metal card — Both the Business Gold and the Business Platinum feature heavy metal cards.
  • Pay Over Time — These cards have no preset spending limit. You can, however, use Amex’s Pay Over Time feature to extend payment on certain purchases.

*Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details.

**Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company.

American Express Business Gold Card overview

ISABELLE RAPHAEL/THE POINTS GUY

Current welcome offer

Earn 70,000 bonus points after you spend $10,000 on eligible purchases in the first three months of card membership.

Rewards

Earn 4 points per dollar spent — an 8% return based on TPG’s valuations — on your first $150,000 in combined purchases each calendar year (then 1 point per dollar) from two of the following six categories where your company spent the most each billing cycle:

  • U.S. purchases at restaurants, including takeout and delivery.
  • Airfare purchased directly from airlines.
  • U.S. purchases for advertising in select media (online, TV, radio).
  • U.S. gas stations (not including supermarkets or warehouse stores).
  • U.S. shipping.
  • U.S. purchases made directly from select technology providers of computer hardware, software and cloud solutions.

Amex will automatically calculate which categories you spend the most in each month to award your 4 points per dollar. You then earn 1 point per dollar spent on all other purchases, with no limits.

Other benefits

  • Pay with Points rebate — You’ll get 25% of your points back when you redeem points at Amex Travel to pay for first- or business-class airfare on any airline or economy class tickets with a carrier you can select each year. Award flights booked this way are treated as revenue tickets, so you’ll earn both redeemable miles and elite credit on them. Note that you must have the full number of required points in your account to book travel, and your rebate will be issued within 6-10 weeks. This rebate is capped…



Read More: Credit card showdown: Amex Business Gold vs. Amex Business Platinum

2022-11-21 16:00:50

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