AMEX Gold Business Card – Rates and Fees

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Earn up to 10,000 bonus points on signup, save on interest costs, enjoy premium perks such as complimentary travel insurance and manage your business expenses on one card.

When you sign up for the American Express Gold Business Card, you’ll earn a bonus 10,000 bonus points when you meet the eligibility requirements and 1 Membership Reward for every dollar spent on eligible purchases thereafter. While the card comes with a $169 annual fee, you’ll save on card costs without any interest on purchases and up to 51 interest-free days. You’ll also enjoy flexibility with uncapped rewards and no pre-set spending limits. Plus, with access to online account management tools, you can easily manage all of your business expenses on one card.

Product NameAmerican Express Gold Business Card
Rewards ProgramMembership 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
Minimum Monthly Repayment2.5% or $30
Minimum Income$24,000
Card TypeAmerican 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 InsuranceYes
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$24,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Annual Fee$169 p.a.
Minimum Repayment2.5% or $30
Over Limit Fee$0
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
Gambling Transactions AllowedNo
Additional Cardholder Fee$119 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • You can enjoy up to 51 interest-free days on purchases.
  • There is no pre-set spending limit with this card.
  • You can enjoy complimentary travel insurance with this card.

Cons

  • 2.5% monthly repayment is required.
Rewards ProgramMembership Rewards Ascent
Bonus Points on Sign-up10,000
Rewards Points per $ (VISA/MC)0
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

American Express Business Card review

This charge card gives you the opportunity to manage your business expenses and take advantage of premium services all while earning Membership Rewards points for every dollar you spend. Plus, when you spend $1,000 in the first two months of owning the card, you’ll earn 10,000 Membership Rewards points. You’ll also enjoy additional features like credit-free days on purchases, complimentary travel inconvenience insurance and 24/7 customer service. Access to an online account management tool means you can manage your business expenses on the go.

All of this comes at an annual fee of $169 along with an optional $80 p.a. Membership Rewards fee if you opt into the rewards program.

Benefits of the AMEX Gold Business Card

  • 10,000 bonus points. When you first sign up and get approved for the AMEX Gold Business Card, you will earn 10,000 bonus reward points once you’ve spent $1,000 within the first 2 months of card membership.
  • 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 for each dollar. 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 Android 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 AMEX Gold Business Card

  • Annual fee. This card comes with 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 AMEX 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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16 Responses

  1. Default Gravatar
    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.

    • Staff
      AnndyMay 21, 2017Staff

      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

  2. Default Gravatar
    RaviDecember 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?

    • Staff
      JasonDecember 31, 2016Staff

      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

  3. Default Gravatar
    susanNovember 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.?

    • Staff
      YsaNovember 13, 2015Staff

      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

    • Default Gravatar
      EdmondJanuary 30, 2016

      Can you provide me with the details of insurance cover for a Gold Card member?

    • Staff
      SallyFebruary 1, 2016Staff

      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

  4. Default Gravatar
    BevFebruary 3, 2015

    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

    • Staff
      JonathanFebruary 3, 2015Staff

      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

  5. Default Gravatar
    DarrenOctober 28, 2012

    Can you tell me what the 8 airline programs I can transfer my rewards over to & is it a 1 for 1 transfer

    • Staff
      JacobOctober 29, 2012Staff

      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.

  6. Default Gravatar
    StuartMay 16, 2012

    Can points earned on this Business Card be re-distributed to other employees?
    Can the points be used for personal expenses?

    • Staff
      JacobApril 5, 2013Staff

      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.

  7. Default Gravatar
    WennyMay 15, 2012

    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?

    • Staff
      JacobApril 5, 2013Staff

      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.

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