American Express Business Gold Credit Card in Canada Review
For business owners who desire to accrue highly sought-after American Express Membership Rewards, the American Express Business Gold Card is a strong option. Are you considering an American Express Business Gold Credit Card in Canada?
Here is a complete review to help you understand the card.
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What is the American Express Gold Credit Card?
The American Express Gold Credit Card is flexible for small business owners who make large purchases. This card offers generous 4 Membership Rewards points for every dollar spent on specific bonus categories. The accumulated points can be transferred to well-known American Express airline and hotel transfer partners including Delta Air Lines, British Airways, and Marriott or redeemed for travel directly through the AmexTravel website.
The card offers a welcome bonus of 70,000 Membership Rewards® points for the first $10,000 in eligible purchases within the first three months of account setup. However, there are no fees for employee cards or costs for international transactions.
Details about the American Express Business Gold Credit Card
•Upon spending $10,000 on qualifying purchases with the Business Gold Card within the first three months of Card Membership, you will receive 70,000 Membership Rewards points.
•Get 4X Membership Rewards points on the two categories where your company spends the most monthly money. Choose whether you want to pay for qualifying purchases in full each month or over a longer period with interest.
•For additional purchases, you receive 1X. For the first $150,000 in combined purchases from these 2 categories each calendar year, 4X points are awarded.
•Earn up to 250,000 bonus points annually when you use points to pay in full or in part for an eligible flight booked through Amex Travel.
Benefits of the American Express Business Gold Credit Card
By using American Express Business Gold Canada you get some amazing benefits including:
The value of Membership Rewards points earned through American Express credit cards is one of the biggest benefits. You get the possibility to transfer your points and maximize their value. This is because the Membership Rewards programme has one of the broadest lists of airline and hotel partners.
Through American Express's Pay with Points service, you can also apply your points against the cash price of an airline ticket.
From Baggage insurance, Extended warranty protection, Trip delay insurance, and Car rental insurance to Purchase protection against loss and theft, this card provides several useful supplementary safeguards.
When you reserve a room at The Hotel Collection with American Express Travel and remain at least two nights straight along with enjoying other benefits like a room upgrade upon arrival, $100 credit for qualifying activities, etc.
The American Express Business Gold Credit Card comes with no foreign transaction fees.
Cons of the American Express Business Gold Credit Card
Unlike the advantages, the card has an extremely high yearly charge.
$4 points per dollar rate limited with an annual spending of $150,000.
Do You Know These Facts about the American Express Business Gold Credit Card?
Here are some facts about the Amex Gold Business Canada credit card you should know:
To be eligible for the American Express Business Gold Canada credit card, you must have a decent to outstanding credit score.
Because the American Express Business Gold Card is a pay-in-full card, you must pay the entire sum each month.
You can develop a credit history for your small business by using the Amex Business Gold card to make on-time payments in the past.
There is no limit on how much you can spend with the Amex Business Gold Canada credit card.
Is the American Express Business Gold Credit Card Worth it?
Wondering if the Amex Canada business gold card is good? The answer is simply yes. For companies that can optimize the bonus categories on routine business expenses and value earning travel rewards in the form of Membership Rewards points, the American Express Business Gold Card is a wise choice.
The annual fee will probably be covered by rewards for business owners who spend a lot in the bonus categories that the American Express business gold Canada Card offers. Besides, one of the American Express Blue Business cards will be more advantageous for business owners who do not incur numerous expenses in the bonus categories of the Business Gold Card.
