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Get 60,000 points – and no fee in Year 1 – with Amex Business Gold

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As we announced on Wednesday, American Express has launched the biggest sign-up bonuses ever seen on a UK payment card.

These are, genuinely, on a scale unlike anything else we see. If you or someone you know qualifies, you should seriously think about applying. It simply won’t get any better – no-one else is going to be offering 60,000 points for a free card or 120,000 points on a fee paying card.

This article looks at American Express Business Gold. The bonus has also increased on its sister card, American Express Business Platinum. Business Platinum comes with a huge bonus of 120,000 Membership Rewards points, although you must spend £12,000 within three months to trigger it and keep the card for 14 months. You can apply here and we looked at this deal in detail yesterday.

60000 points American Express Business Gold Card card

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 (£175 thereafter, which should be a tax deductible business expense)
  • You receive a sign-up bonus of 40,000 Membership Rewards points
  • You need to spend £6,000 in three months to qualify for the bonus
  • You receive an additional bonus of 20,000 Membership Rewards points if you hold the card for 14 months (you must make one transaction of any size during months 14 to 17)
  • This special offer ends on 30th March 2023

Key link: American Express Business Gold charge card application page

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
  • 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.

If you are a sole trader, you do not need to have a business 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.

Get 60,000 points - and no fee in Year 1 - with Amex Business Gold

What is the Amex Business Gold sign-up bonus?

Until 30th March, you will receive 40,000 American Express Membership Rewards points when you spend £6,000 within three months. This is an exceptionally generous incentive.

You will get an additional 20,000 Membership Rewards points – for a total bonus of 60,000 points – if you hold the card for 14 months.

The card is also free for the first year.  The annual fee for the following years is currently £175, although you receive a pro-rata refund if you cancel.

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 60,000 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 you do with 60,000 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 Points) at a ratio of 1:1.  This means that the sign-up bonus is worth 60,000 Avios or 60,000 Virgin Points.

Amex points also convert into Hilton Honors (at 1:2), Marriott Bonvoy (at 2:3) and Radisson Rewards at 1:3.

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 60,000 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 13 months before you apply.”  This includes personal and business cards.

Note that the rule here only looks back 13 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, a British Airways Amex, Marriott Bonvoy Amex, Nectar Amex, Harrods Amex or Platinum Cashback Amex.

You will also qualify if you have the British Airways Accelerating Business SME card.

60000 points American Express Business Gold Card card

Is there a bonus for on-going spend?

Yes, although it will only benefit high spenders.

You will receive an additional 10,000 bonus Membership Rewards points whenever you spend £20,000 in a calendar quarter (Jan-Mar, Apr-Jun, Jul-Sep, Oct-Dec).

If you spent exactly £20,000 in a quarter, you would have earned 30,000 points in total. This comprises 10,000 bonus points and 20,000 base points.

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 is 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 £175. This should be a tax deductible business expense.

The fee is refundable pro-rata if you cancel part-way through your membership year.

What do you 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 60,000 Membership Rewards points into 60,000 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 60,000 bonus Membership Rewards points, remember. You should be able to get more value than that if you use your points for a premium cabin air miles redemption.

You can take a look at the full list of American Express Membership Rewards redemption options here.

Any downsides?

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 – plus an extra 500 points for HfP readers – 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. 

60,000 Membership Rewards points for signing up is an outstanding incentive, and with no fee for the first year you have nothing to lose. Be sure that you can spend £6,000 within three months of applying, however.

How to apply

The official Amex Business Gold website, which contains full details and the application form, is here.

The offer of 60,000 Membership Rewards points runs until 30th March.

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points. The site discusses products offered by lenders but is not a lender itself. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as an independent credit broker.

Comments (26)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Steve says:

    It doesn’t mention a pro rata refund of annual fee in year 2, which is always talked about on other Amex cards. If the card was held for say 15 months with the spend triggers hit, could you cancel the card once the points have been transferred and therefore the card cost would be approximately £50 for months 13-15 ? Also I believe, but would like clarification, that should a PERSONAL Amex MR card be subsequently applied for either during the period whilst you have the gold, or just afterwards, this would NOT affect any signup bonus offered for the personal card, is this the case ? Many thanks

    • Rob says:

      Yes, pro rata refund.

      Still ok to get personal MR cards.

      • Steve says:

        Many thanks, it’s the one to go for in my opinion. Trigger 6k spend in 3 months, put in drawer. Trigger year 2 spend then decide on its merits.

  • DaveP says:

    Are there any restrictions on what you can spend the required £6k on, Rob?

  • xcalx says:

    Just unsuccfully trid to access this link on an old HfP article for Dell Gold Business £50 offer and have searched amex site. has anyone got a link for the Dell £50 gold opt in. Thanks.

    You MUST opt in via this page of the American Express website.

  • Novice says:

    I’m just about to cancel the gold I have so if I wait for 6 months can I apply and get the sign up bonus, is that right? I know I won’t get 60k tho

    • Rob says:

      No, you need to wait 13 months.

      • Novice says:

        I thought it used to be 6 months for business? When did they change it?

        • Rob says:

          Exactly a year ago, to stop people who applied in the Feb 21 promo reapplying in Feb 22.

          • Novice says:

            It seems every loophole it slowly being closed since I got into the points game. Seriously, y’all are so lucky for being able to continuously churn for so long before all these changes to terms happened.

          • Rob says:

            That’s simply not true though. If you get 120,000 points from this, it is more than you’d have got for 3 x churning sessions on Business Platinum pre-covid. Go back 10 years and you didn’t have the option for redeeming on Qatar Airways etc and, importantly, you were also redeeming into BA’s crappy old Club World seat instead of Club Suite. There was also no guaranteed Avios availability at that point. All swings and roundabouts.

  • Novice says:

    I guess you are right looking at it that way. However, when I started back I actually signed up 7 family members and managed to get points for all including the referral’s which is so hard now.

    It is way more strict, the system, now with names, addresses etc matching up. I think my viewpoint is different to yours because I haven’t been doing this as long so there was never a time that I couldn’t use it on Qatar or had to use crappy BA seats.

  • TooPoorToBeHere says:

    Thank you for these writeups.

    Want to check something:
    I’ve had the BA personal amex (on the 70k points offer), hit the target, and closed it. Never had any other amex, but do have some limited companies I control.

    Am I right in understanding this: I can get the BA “Accelerating Business” amex, and then immediately afterwards the BA Business Gold amex, and (so long as they approve both applications), collect the introductory bonus for both?


  • Craig says:

    How do they know what is business use? We buy stock from around the world; pay for train, plane and automobile costs; and even some meals and grocery items (where business applicable)… 🤔

  • Mark says:

    Hi Rob, quick one

    Having recently received the (personal) British Airways Premium Plus American Express credit card (due to the 70k avios bonus), would my business be eligible for this amex business gold?

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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