These are, genuinely, on a scale unlike anything we have seen before. If you or someone you know qualifies, you should seriously think about applying. It simply won’t get any better.
Time is running out, however. 9th April is your last day to apply.
This article looks at the 50,000 points bonus offered on American Express Business Gold.
The bonus has also increased on its sister card, American Express Business Platinum. It comes with a huge bonus of 100,000 Membership Rewards points, although you must spend £10,000 within three months to trigger it. You can apply here and our latest Amex Business Platinum review is here.
The key facts about American Express Business Gold
In this article, I want to look more closely at American Express Business Gold. Here are the key things you need to know:
- American Express Business Gold is free for the first year (£125 thereafter)
- You receive a sign-up bonus of 50,000 Membership Rewards points
- You need to spend £5,000 in three months to qualify for the bonus
- This special offer ends on 9th April 2021
Why Amex Business Gold?
The American Express Business Gold charge card is issued directly by American Express.
The card is aimed mainly at small businesses and sole traders. The criteria for applying are fairly lenient:
- You have a permanent UK home address
- The business has a UK bank account
- The business has no County Court Judgements against it
- You are over 18
There are no turnover or profitability requirements for the company itself. There is no longer any requirement to have been in business for one year – you can now apply as soon as you have a bank account.
Note that the American Express Business Gold card is a charge card, not a credit card. You MUST clear your balance in full at the end of each month.
What is the Amex Business Gold sign-up bonus?
Until 9th April, you will receive 50,000 American Express Membership Rewards points when you spend £5,000 within three months. This is an exceptionally generous incentive.
The card is also free for the first year. The annual fee for the following years in £125.
To put it in context, I have never – in the 20 years I have been interested in miles and points – seen a bonus as high as 50,000 points on a card which has no annual fee for the first year.
The standard bonus on this card is just 20,000 Membership Rewards points.
What can I do with 50,000 Membership Rewards points?
Membership Rewards points can be converted into a range of goodies. The most valuable options are converting into frequent flyer miles (including Avios points and Virgin Flying Club) at a ratio of 1:1. This means that the sign-up bonus is worth 50,000 Avios or 50,000 Virgin Points.
There are also a lot of non-travel redemptions including retailer gift cards, but the best value will come from travel redemptions.
Do you qualify for the 50,000 points?
American Express states on the Business Gold website that “you will not receive the sign-up bonus if you have held a Membership Rewards enrolled card [ie Platinum, Gold or Green American Express card] in the six months before you apply.” This includes personal and business cards.
Note that the rule here only looks back six months. This is more generous than personal American Express cards, where they look back 24 months.
For clarity, you will definitely receive the sign-up bonus if you already have, or recently had:
- British Airways / Premium Plus American Express,
- Marriott Bonvoy American Express
- Nectar American Express
- Harrods American Express
- Platinum Cashback / Everyday Cashback American Express
- Lloyds Avios Rewards American Express
Any other benefits?
You receive £100 credit per year to spend with Dell. No minimum spend applies but the credit is split into two parts. You can earn £50 cashback between January and June and £50 cashback between July and December. This a very generous benefit especially as you are not paying a card fee in the first year.
You can apply for supplementary Amex business cards for your employees at no extra cost.
You will receive one consolidated statement showing the spend on your card and all of the supplementary cards. All of the Membership Rewards points earned on the supplementary cards will flow into your personal account.
Depending on when in your monthly cycle you make a payment, you will effectively receive up to 54 days free credit on your spending.
American Express statements provide more underlying transaction detail for flights and certain other transactions than Visa or Mastercard statements, making it easier to reconcile transactions.
What is the Amex Business Gold annual fee?
There is no fee for the first year.
For future years, there is a fee of £125.
What do I earn per £1 spent on the card?
You receive 1 Membership Rewards point per £1 spent on the card.
What is a Membership Rewards point worth?
Anything from ‘quite a bit’ to ‘a lot’ is the answer. This article outlines my view on the most valuable American Express Membership Rewards transfer options.
In the very worse case, you can transfer your 50,000 Membership Rewards points into 50,000 Avios and onwards into 80,000 Nectar points. 80,000 Nectar points will get you £400 to spend at Sainsbury’s, Argos or eBay.
£400 is the worse case scenario for your 50,000 bonus points, remember. You should be able to get more value than that if you use your points for a premium cabin air miles redemption.
Some of the hotel programmes also offer good value. Radisson Rewards (the Radisson, Park Plaza and Park Inn scheme) transfers at 1:3 from Membership Rewards, for example. Their top hotels generally only cost 70,000 points per night so just over 23,000 Membership Rewards points. This is easily over 1p per point of value. That would make your sign-up bonus worth £500.
The only major issue with Amex business cards, including American Express Business Gold, is the lack of acceptance by some suppliers.
Realistically, you will need to have a Visa or Mastercard as well to ensure that you can always get a card accepted. I recommend the Capital On Tap Business Rewards Visa credit card which I review here. Capital On Tap offers 10,000 Avios for signing up and a very generous earning rate of 1 Avios per £1.
The Head for Points verdict:
If you are a sole trader or own a small business (even a service company) then the American Express Business Gold card has always been worth a look.
50,000 Membership Rewards points for signing up is an outstanding incentive, and with no fee for the first year you have nothing to lose.
How to apply
The offer of 50,000 Membership Rewards points runs until 9th April.
Want to earn more points from credit cards? – December 2021 update
If you are looking to apply for a new credit or charge card, here are our November 2021 recommendations based on the current sign-up bonus.
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the top current deals:
British Airways American Express
5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers.
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending: