Credit Card Reviews Advertiser Disclosure

Business Gold Rewards Card from American Express OPEN

Approval Odds

Sign up or log in to see your Approval Odds

2.0 out of 5 stars
4 Reviews

From Cardholders in the last year

Sign up or log in to see your Approval Odds

Add Review
My Saved Cards
Title
Welcome to My Saved Cards
Save and compare credit cards to find the best fit for you. All you need to do is find cards you like and check the Compare This Card box. When you’re ready to review, click the compare button that appears in this menu.

ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL

Application Process

4 out of 5 stars

Customer Service

2 out of 5 stars

2 5

Card Details

  • Balance Transfer Intro APR Not Applicable
  • Balance Transfer Regular APR Not Applicable
  • Annual Fee $0 introductory annual fee for the first year, then $175
  • Purchase Intro APR Not Applicable
  • Purchase Regular APR Not Applicable

Our Take

The Business Gold Rewards Card from American Express OPEN is a charge card that can earn you serious rewards for business expenses.

What to Like

Rewards categories are targeted towards business expenses, with bonus reward categories for airfare, advertising, gas, shipping and computer purchases. For the first $100,000 in purchases, cardholders get 3x points in one of those categories (of their choosing), and 2x points in all the other four. There’s also no annual fee for the first year.

Look Out For

This is a charge card, meaning your full balance will be due when you receive your statement. There’s also a $175 annual fee after the first year.

Collapse

These reviews were written by current and former cardholders in the last year.

Oct 31, 2016
Horrible
Anonymous Cardholder

The american express customer service and the simply cash business card is the absolute worst i have ever experienced. STAY AWAY!!!!!!!!

more ...
Oct 12, 2016
Extremely bad experience!
EricShost Cardholder

When I received the offer by mail from AMEX to get the business gold rewards  card I decided to give it a try. I wanted to buy some new equipment for my business.  I'm a photographer, and I was thinking to invest in a new camera and gear for the amount around $10,000. When I first got the card I checked the spending power and was approved for the transaction for $10k. After 1.5 months I decided to make the purchase that I planned. For some reason system didn't approve me for the amount requested ($10,147.00), but it offered me to call to the customer service. I spend 45 minutes on the line and spoke with 6 or 7 (I have lost the count) customer service representatives explaining my situation over and over again. The last person whom I spoke to was even kinda rude. When I explained her the situation and started complaining that I'm repeating myself for the seventh time and XXX told me that she didn't ask me to do that. WHAT O_o  ?! I asked how she can possibly help me if she doesn't know the matter that I was calling about and received no answer. Finally, after 45 minutes on the phone, XXX told me that I was not approved the transaction amount that was requested without any reasonable explanation. So I closed my AMEX account and will never become they customer again. As a conclusion, I have to say that for the company that charges such a HUGE annual fee the customer service was just AWFUL, among the worst on the market like Comcast, Verizon, ATT  etc. I have couple credit cards with NO annual fee WHATSOEVER, but the customer service experience and the benefits are SO much better! I hope that some folks out there will find this review helpful!

more ...

Was this review helpful?

 
1 Reply
Nov 10, 2016

Charging the limit on a card, especially a new one, is frowned upon by creditors. Generally one shouldn't charge more than 30% of the limit.

 
Apr 03, 2016
cjunior95 Cardholder

dont let this card get in your bussines. it very poor customer service. also rhey go in to your personal finance to determin your spend limit. very poor customer service

more ...
Feb 08, 2016
Spend what you can afford to pay back...
Anonymous Cardholder

I've had the Business Gold Reward Card for about 5 years. I have also been a long time Amex card holder. I think they are a great card to have in your wallet. They will treat you like royalty if you are a good card holder. If you spend what you can afford to pay back, and prove this by paying it back on time, you will enjoy this card. This is not a card for someone who needs 25k-30k a month but cannot pay it back in 30 days. They base your spending on the spending habits you have shown, example if you spend 5 k every month, pay it in full at the end of the 30 days-they will assume you can afford 5 k. Its when you spend 5k and you are late paying it back a few times, they will set a stricter limit. Honestly, its probably better for everyone that way-it keeps the business from overspending (forces you to evaluate your need to cut expenses and increase profits) and keeps them from getting screwed financially. By the way, I am proud to say I am a Woman who is also a business owner and proud Amex card holder.

more ...
Add a Review

Add Your Review

I Own It I Had It I Applied

Please state your experience.

How would you rate this card overall?

Please select a rating

What should others know about this card?

Optional

How was application process?

How was customer service?

See Your Approval Odds Before You Apply

Sign up for a free membership, and Credit Karma can estimate your chances of approval based on your credit profile. You’ll also get:

  • Credit scores and reports
  • Credit monitoring
  • Personalized recommendations

See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the 'Apply Now' button, you can review the credit card terms and conditions on the provider's website.

† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.

‡ Average score refers to the arithmetic mean and typical low score to the 5th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from June 2014 through November 2014. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.

Business Gold Rewards Card from American Express OPEN