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Bonus points: 75,000
Reward points per $ spent: 1.5
Annual fee: $169 p.a.
Interest-free on purchases: Up to 51 days

Our verdict

Offers 75,000 bonus Membership Rewards Points and complimentary travel insurance, with a $169 annual fee.

The American Express Gold Business Card is suited to business owners that want to manage their cash flow and earn points on expenses. It offers no pre-set spending limit and 1.5 points per $1 spent on most purchases, or 1 point per $1 spent with government bodies. As an example of rewards, the current introductory offer's 75,000 bonus Membership Rewards Points would be enough to redeem $375 worth of shopping at David Jones or 37,500 Velocity Points.

Just keep in mind that there is a Membership Rewards annual fee of $80 per year if you do choose to earn rewards with this card.

Pros

75,000 bonus Membership Rewards Points
1.5 points per $1 on eligible spending with Membership Rewards
Up to 51 days interest-free on purchases with no pre-set spending limit
Up to 99 additional cards for employees
Complimentary travel insurance

Cons

$80 per year to enrol in Membership Rewards
$119 annual employee card fee (per card)

The American Express Gold Business card gives you a way to manage business expenses and earn points through the Membership Rewards Ascent program. Right now, it offers 75,000 bonus Membership Rewards Points when you apply as a new Amex card member, are approved and spend at least $1,000 on eligible purchases within the first 2 months from card approval.

It also offers complimentary domestic and international travel insurance, up to 99 additional cardholders and no pre-set spending limit. While the $169 annual fee is competitive with other similar business cards, make sure you factor in the additional yearly fees that apply if you choose to earn Membership Rewards or add cards for employees.

Details

Product details

Product Name	American Express Gold Business Card
Purchase rate p.a.	0%
Interest-free period	Up to 51 days on purchases
Card type	American Express

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	Membership Rewards Ascent
Bonus points	75,000
Rewards points per $ spent	1.5
Rewards points cap	Uncapped

Fees

Annual fee	$169
Minimum monthly repayment	100% of the closing balance outstanding
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Additional cardholder fee	$119
Number of additional cardholders	99

How to apply

You can apply for the American Express Gold Business card online and could get a response in as little as 30 seconds. Before you click through to the American Express application page, make sure you meet the eligibility requirements and have all your supporting documents and details on hand.

Eligibility criteria

Business requirements. You must have an active ABN (Australian Business Number) and your business must be registered for GST. You also need to have an annual business revenue of at least $75,000.
New cardholder. In order to be eligible for the bonus points, you cannot currently hold or have held an American Express card in the last 18 months.

Credit history. You must have a good credit history with no payment defaults.
Residency. You must be an Australian citizen or permanent resident.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, email address, residential address, date of birth and contact number. You'll also need to provide a valid form of ID, such as your driver's licence number or passport.
Business details. This includes your ABN, financial details and your accountant's contact details.
Financial details. You'll need financial documents proving that you make the minimum required annual income. This may also include your accountant's information.

Go to Amex's site More info

Card benefits

75,000 bonus points. You can give your points balance a boost of 75,000 bonus Membership Rewards points when you apply as a new Amex card member, are approved and spend $1,000 within the first 2 months from card approval. The points will be credited to your account within 8 to 10 weeks of meeting the spend requirement.
Membership Rewards. You can choose to register for Membership Rewards Ascent with this card, for an enrolment fee of $80 per year. If you do, you'll earn 1.5 Membership Rewards Points per $1 spent on eligible purchases. For spending with Australian government bodies, you'll earn 1 point per $1 spent. You can redeem your points for a wide range of rewards including gift cards, merchandise and travel bookings. You can also transfer your points to 11 partnered frequent flyer programs, including Air New Zealand Airpoints, Singapore Airlines KrisFlyer, Emirates Skywards and Velocity Frequent Flyer. Or to hotel loyalty partner Hilton Honors.

Complimentary insurances. Use this card to pay for return business trips and you'll get access to travel insurance that includes travel inconvenience cover, medical emergency expenses cover, public transport accident cover, baggage, money and documents cover and trip cancellation and amendment cover. The insurance policy document on the American Express website gives you full details of what's covered, the eligibility requirements and how to make a claim.
Mobile contactless payments. Whether you use an iPhone, Android or Samsung device, you can use Apple Pay, Samsung Pay and Google Pay to make convenient contactless payments with your smartphone at the checkout.
Security. All of your purchases are protected by a PIN and embedded microchip. Fraud protection guarantees, emergency card replacement and 24/7 customer service means that you can shop with peace of mind using this Amex card.
Online account management tool. You can keep track of statements, transaction details, balances and business expenses with MYOB. This online account management tool will make it easy to track your business costs on the go, especially if you have additional cardholders linked to the account.

Rates & fees

Annual fee. This card charges an annual fee of $169. Please note that a separate annual rewards fee of $80 applies if you opt into the Membership Rewards program.
Additional cardholder fee. While you can request up to 99 additional cardholders for this account, each additional card attracts an annual fee of $119.

Interest-free purchases. As a charge card, this card doesn't have an interest rate. Instead, you need to pay off your balance each month to avoid a penalty fee.
Extended credit days. You can request to extend your cash flow up to 51 days, though this depends on when you make a purchase and when your repayments are due.
No pre-set spending limits. While this card doesn't come with a designated spending limit, the amount you can spend will still be based on your credit history, spending patterns and financial resources.

Go to Amex's site More info

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Amy Finder

Editor

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Skender

November 30, 2018

What’s the amount you get for the gold business card?

Jhezelyn Finder

December 05, 2018

Hello Skender,

Thank you for your comment.

If you’re referring to the credit limit, please note that it’s based on your credit history, spending patterns and financial resources. That will be set and determined by the issuer.

Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

Regards,

Jhezelyn

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Tom

May 21, 2017

I have a KrisFlyer frequent flyer account and I was wondering what’s the conversion of 1 Amex rewards point to KrisFlyer miles compared to 1 Citi bank reward point.

Anndy Lou Finder

May 21, 2017

Hi Tom,

Thanks for your question.

The conversion rates are as follows:

1 AMEX Membership Rewards point = 1 KrisFlyer mile

2 Citi Rewards = 1 KrisFlyer Mile (Prestige and Signature) 2.5 Citi Rewards = 1 KrisFlyer Mile (Rewards Platinum)

For more information on the conversion rates from rewards points to frequent flyer points, please read our guide entitled, “How to transfer your credit card rewards to your frequent flyer program.”

I hope this helps.

Cheers,

Anndy

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Ravi

December 30, 2016

I know I am covered for travel insurance with Gold Amex card but where can I find the details of the policy to see exactly what is covered?

Jason Finder

December 31, 2016

Hi Ravi,

Thank you for your enquiry.

If you wish to learn more, please check our review page about the American Express complimentary travel insurance. It would be best to get in touch directly with your issuer to obtain a more specific answer and read the details of your policy. Usually, the details of your policy should be available through its terms and conditions.

Kind regards,

Jason

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susan

November 12, 2015

I know I am covered for travel insurance with gold amex card but where can I find the details of the policy to see exactly what is covered.?

Ysa Finder

November 12, 2015

Hi Susan,

Thanks for your inquiry.

Please refer to the link I have forwarded to your email for the full outline of the American Express Gold Business Card insurance policy.

Cheers,

Ysa

Bev

February 02, 2015

I’m wondering if a person who doesn’t have a business can apply for this AMEX gold business card because you state ‘Everyone can now have an AMEX gold business card.’

I ask this because you also state ‘Please be advised that only sold traders and companies are able to apply for this charge card online. All other businesses have to speak to a specialist who will help them through the process.’

As I have already bought my airline ticket, if I DO get an AMEX card now will I be given complimentary travel insurance or must the ticket be paid for with the AMEX card to qualify? Thank you. Bev

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Jonathan Finder

February 03, 2015

Hi Bev, thanks for your inquiry!

That is correct the AMEX Gold Business requires that “only sold traders and companies are able to apply for this charge card online. All other businesses have to speak to a specialist who will help them through the process.” Also to activate the complimentary travel insurance “Cover is effective when you pay the full fare for a Trip on the American Express Gold Business Card Account or with American Express Membership Rewards points.”

I hope this helps.

Cheers,

Jonathan

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American Express Gold Business Card

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