American Express Gold Business Card
- Earn up to 1 Membership Rewards point per $1 spent
Eligibility criteria, terms and conditions, fees and charges apply
Earn up to 1 Membership Rewards point per $1 spent, enjoy premium perks such as complimentary travel insurance and manage your business expenses on one charge card.
While the American Express Gold Business Card comes with a $169 annual fee, you’ll save on card costs without any interest and up to 51 days to pay for your purchases. You’ll also enjoy flexibility with no pre-set spending limits and uncapped rewards with up to 1 Membership Rewards point per dollar spent on eligible purchases. Plus, with access to online account management tools, you can easily manage all of your business expenses on one card.
| Product Name | American Express Gold Business Card |
|---|---|
| Rewards Program | Membership Rewards Ascent |
| Annual fee | $169 p.a. |
| Interest Free Period The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement. | Up to 51 days on purchases |
| Card Type | American Express |
| Foreign Currency Conversion Fee (AMEX) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution. | 3% of transaction value |
| Complimentary Travel Insurance | Yes |
| Minimum Income | $24,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available To Temporary Residents | No |
| Joint Application | No |
| Annual fee | $169 p.a. |
|---|---|
| Minimum Monthly Repayment | 100% |
| Foreign Currency Conversion Fee (AMEX) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution. | 3% of transaction value |
| Cash Advance Fee | $2.50 or 2% of the cash advance amount (whichever is greater) |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $119 |
| Number of Additional Cardholders | 99 |
Pros
- You can enjoy up to 51 interest-free days on purchases.
- There is no pre-set spending limit with this card.
Cons
- This card does not offer any introductory rates on purchases and balance transfers.
| Rewards Program | Membership Rewards Ascent |
|---|---|
| Rewards Points per $ spent (AMEX) | 1 |
| Rewards Points per $ (AMEX) Cap | Uncapped |
Benefits of the American Express Gold Business Card
- Earn up to 1 point per $1 spent. When you make any purchase using your Amex Gold Business Card, you will earn 1 reward point that you can later redeem for a reward. If you pay utility bills, insurance plans (other than ones issued through American Express), or Australian government bodies, you will earn 0.5 points for each dollar spent. These points are uncapped and don’t expire.
- Redeem rewards with American Express and its partner airlines. As well as your choice of rewards through the Membership Rewards program, you can also transfer your Membership Rewards points to your choice of the following airlines: Virgin Atlantic, Velocity, Emirates, Thai Airways, Singapore Airlines, Malaysia Airlines, Etihad Airways, Asia Miles and Air New Zealand.
- 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 tools. You can keep track of statements, transaction details, balances and business expenses with Quicken, MYOB or Microsoft Excel. These online account management tools will make it easy to track your business costs on the go, especially if you have additional cardholders spending under the one account.
Features of the American Express Gold Business Card
- 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.
- Interest-free purchases. As a charge card, this card doesn’t come with interest rates. Instead, you just 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 spending limits. This card doesn’t come with a spend requirement, though this doesn’t mean you have unlimited spending. Like a credit card, your credit limit is based on your credit history, spending patterns and financial resources.
- Complimentary insurances. You can take advantage of travel inconvenience cover for flight delays, missed connections or delayed luggage when you purchase your trip on your card.
How to apply for the Amex Gold Business Card
If you’re interested in applying for the American Express Gold Business Card, click on to the green 'Go to Site' button to be directed to a secure online application form. Before you do, though, make sure you meet the following eligibility requirements and have the necessary documents handy:
Eligibility criteria
- This card is only available for cardholders who are at least 18 years old.
- Applicants must be Australian citizen or permanent resident.
- You'll need an annual income of at least $24,000 before taxes.
- You must have a good credit history with no reports of defaults or bad debt.
Required documents
- In order to verify your identity, you’ll need a valid driver’s license, a passport, an Australian birth certificate, and/or your Medicare card.
- You’ll need financial documents proving that you make the minimum required annual income. This may also include your accountant’s information.
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.
The American Express Gold Business Card could be a convenient way to manage your business expenses while earning reward points and benefiting from additional features offered by American Express. As this isn’t the only rewards charge card on the market, make sure to compare your options before applying.
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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.
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, you can check this page.
Cheers,
Anndy
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?
Hi Ravi,
Thank you for your enquiry.
Please click this link for more information about the American Express complimentary travel insurance cover.
Alternatively, you may also contact ACE Insurance on the contact number indicated on the same link that I provided if you have any more questions about the cover you get with your AMEX Gold card.
Kind regards,
Jason
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.?
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
Can you provide me with the details of insurance cover for a Gold Card member?
Hi Edmond,
Thanks for your question.
The travel inconvenience cover will cover you for flight delays, missed connections or delayed luggage when you purchase your trip on your card.
I’ve emailed you a link to the terms and conditions for your perusal.
I hope this has helped.
Cheers,
Sally
Hi
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
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
Can you tell me what the 8 airline programs I can transfer my rewards over to & is it a 1 for 1 transfer
HI Darren. Thanks for your question.
American Express Rewards frequent travel partners are: Velocity Frequent Flyer (1 Membership Rewards Point for 1 Velocity Point), Air New Zealand (100 Membership Rewards Points for 1 Airpoints dollar), Asia Miles (1 Membership Rewards is equal to 1 Asia Miles), Etihad Airways (1 Membership Reward point is equal to 1 Etihad Guest Miles), Malaysia Airlines (1 Membership Rewards point is equal to 1 Enrich Miles), Singapore Airlines (1 Membership Rewards point is equal to 1 KrisFlyer Mile) & Thai Airways (1 Membership Rewards point is equal to 1 Royal Orchid Plus miles) & Virgin Atlantic (1 Membership Rewards point is equal to 1 Flying Club Mile). Cheers.
Can points earned on this Business Card be re-distributed to other employees?
Can the points be used for personal expenses?
Hi Stuart. Thanks for your question and apologies for the delay in getting back to you. If you would like to reward your employees, you can give them the rewards you’ve redeemed with your points, but you can’t give them the points themselves. Say you wanted to give your employees a free return flight as an end of year bonus, you can use the points that have been credited to the main account and book flights in their name, and then send them the vouchers/tickets. The same with all American Express Membership Rewards. You can’t transfer the points to their account / frequent flyer membership, but you can give them the rewards. Jacob.
I would like to apply for a business credit card however, my business has not been running for long, it has started on 8 March. In addition, no funds has been actioned. Am I still able to apply for the card if i don’t have a verification of an tax accountant to state my business is legit?
Hi Wenny. Thanks for your question. Sorry about the delay in getting this response back to you, but for future reference and if anyone else would like to know, if your business is still in its infant stages, you can fill out the application and list your account’s contact details. American Express will liaise with your account to work through the application and assess you eligibility. Even if your business is still in the beginning stages of start up, you may still be eligible to apply for this card. Hope this helps.