American Express Gold Business Card

Receive 100,000 bonus Membership Rewards points and earn up to 1.5 Membership Rewards points per $1 spent with the Amex Gold Business card.

Take advantage of 100,000 bonus Membership Rewards Points when you apply as a new Amex card member by 19 October 2022, are approved and spend at least $1,000 on eligible purchases within the first 2 months from card approval.

The Amex Gold Business also offers uncapped rewards, with no pre-set spending limit and up to 99 additional cardholders. This allows the management of all expenses under one account.

This card comes with all of the technological compatibility you would expect. This includes MYOB integration and contactless payments with Apple Pay, Google Pay and Samsung Pay.

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Amy Bradney-George

Last Updated Aug 17, 2020

100,000

Bonus points

1.5

Reward points

Per $ spent

$169 p.a.

Annual fee

51 days

Interest free period

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Details

Product Name	American Express Gold Business Card
Rewards program	Membership Rewards Ascent
Purchase rate p.a.	0%
Annual fee	$169
Interest-free period	Up to 51 days on purchases
Card type	American Express
Foreign currency conversion fee	3%

Available to temporary residents	No
Joint application	No

Pros

100,000 bonus Membership Rewards Points
Up to 51 days interest-free on purchases with no pre-set spending limit
Earn 1.5 Membership Rewards points / eligible $1 spent when you enrol
Get up to 99 additional cards for employees

Cons

Annual fee of $80 to enrol in Membership Rewards
Additional employee cards come at the cost of $119 per year

Rewards program	Membership Rewards Ascent
Bonus points	100,000
Rewards points per $ spent	1.5
Rewards points cap	Uncapped

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

Go to American Express's site More info

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The American Express Gold Business card gives you a way to manage business expenses and earn points through the Membership Rewards Ascent program. You’ll earn 1.5 points per $1 spent on most purchases, or 1 point per $1 spent with government bodies. However, you do need to opt-in to earn Membership Rewards, which comes at a cost of $80 per year.

The introductory offer on this card gives you 100,000 bonus Membership Rewards points that you could redeem for $500 worth of shopping at David Jones, credit to your card, frequent flyer point transfers and more.

A key business benefit of this card is integration with MYOB, which allows you to set up a transaction feed for faster reconciliation. It also offers complimentary business travel insurance covers and compatibility with Apple Pay, Google Pay and Samsung Pay. As a charge card, there is no interest rate to worry about – instead, you’ll need to pay the full amount owed by the due date on each statement.

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

100,000 bonus points. You can give your points balance a boost of 100,000 bonus Membership Rewards points when you apply as a new Amex card member by 19 October 2022, 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. If you register for Membership Rewards Ascent (enrolment fee of $80 per year) you will earn 1.5 Membership Rewards points per $1 spent on eligible purchases. For spending with Australian government bodies, you will 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 9 partnered frequent flyer programs including Air New Zealand Airpoints, Singapore Airlines KrisFlyer and Virgin Australia Velocity Frequent Flyer. You can also transfer your points to your hotel loyalty account with 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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18 Comments

Skender
November 30, 2018

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

Reply
- finder Customer Care
  
  Jhez
  December 6, 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
  
  Reply
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.

Reply
- finder Customer Care
  
  Dee
  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
  
  Reply
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?

Reply
- finder Customer Care
  
  Jason
  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
  
  Reply
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.?

Reply
- finder Customer Care
  
  Ysa
  November 13, 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
  
  Reply
- Edmond
  January 30, 2016
  
  Can you provide me with the details of insurance cover for a Gold Card member?
  
  Reply
- finder Customer Care
  
  Sally
  February 1, 2016
  
  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
  
  Reply
Bev
February 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

Reply
- finder Customer Care
  
  Jonathan
  February 3, 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
  
  Reply

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American Express Gold Business Card