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Card Details

Bank Name: Amex Bank of Canada
Network Type: Amex
Card Type: Business

Fees

Annual Fee: $0
Additional Card Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%

Eligibility

  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

American Express Business Gold Rewards Card

Welcome Bonus: Earn 30,000 Welcome Bonus points
Apply Now On Bank's Secure Website
 
Credit Card snapshot
WELCOME BONUS

Earn a Welcome Bonus of 30,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership.


DYNAMIC PURCHASING POWER

Use your Card for all your business purchases and enjoy purchasing power that adjusts dynamically with your Card usage and can grow over time if you pay on time and maintain a good credit history.

MAXIMIZE CASH FLOW

With up to 55 interest free days, you can maximize your cash flow. Plus, take advantage of purchasing power that grows with your business.
Credit Card Rewards
Credit Card Features
Priority airport services
No
Airport lounge access
No
Concierge service
No
Balance protection(Optional)
No
Purchase Security & Extended Protection Insurance
Yes
Flight delay insurance,Baggage Insurance
Yes
Vehicule rental insurance
Yes
Travel accident insurance
Yes
Travel medical insurance
Yes
User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 0 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

Credit Card FAQs
 
 

Advantages:


Business Coverage

Your American Express Business Gold Rewards Card can take care of you in so many ways, wherever business takes you.
  • Employee Card Misuse Protection
  • Disability Plan for Small Business


    Expense Management Reports

    Gain access to paperless Expense Management Reports delivered quarterly and annually. These reports offer:
    • The convenience of simpler tax preparation
    • The ability to sort by vendor or spend category
    • The ability to separate personal expenses from business
    • The flexibility to track and manage expenses more easily
 

Editor`s Review:

The American Express Business Gold Rewards card is designed for small business owners who have a little extra money in their pocket and are dedicated to credit cards as a main part of day to day spending. The annual fee on this credit card is $295, but you’ll definitely get your money’s worth. To start, you’ll earn 35,000 membership rewards points after you spend $5,000 on eligible purchases within the first three months of membership. That’s a good way to kick start your earnings!

 

After the welcoming bonus, you can earn four times the membership rewards points on two category selections of your choice. This offer is applicable on the first $150,000 spent on these two categories each year. The categories you can choose from include airfare, US dollar purchases on advertising through media, US dollar technology purchases, US dollar gas purchases, US dollar purchases at restaurants and US dollar purchases on shipping. As you can tell, this card is ideal for business owners who work with US vendors frequently. Unfortunately, after that $150,000 threshold is met, you can no longer earn four times the points. All other purchases earn one point per dollar spent. Points can be used to purchase anything through American Express, but some purchases will have more value than others.

 

While you’re spending, AMEX offers a flexible payment option to help you manage your cash flow. Essentially, this means you can carry the credit balance from month to month with no additional repercussions aside from interest. For purchases over $100 you can use the pay over time option. For purchases under $100, you must pay the balance in full when it’s due. If you still have some cash flow issues, you can access AMEX’s Working Capital Terms program. This program allows you to obtain additional financing beyond your spending limit on the Business Gold card.

 

Another notable benefit of this credit card is that it has no foreign transaction fees. As mentioned, this credit card is ideal for business owners who work with a lot of US vendors because you’ll earn more points. While you’re earning those points, you won’t be hit with foreign transaction fees which is a huge plus.

 

The drawbacks of this credit card include possible lack of spending opportunities within your business and lack of premium travel perks. The point of a credit card with rewards is to get something more out of it than simply a form of payment. If your business doesn’t work with US vendors or doesn’t require lots of travel to the US, you’ll probably want a different credit card. Also, there aren’t many travel perks despite the points earnings on airfare. If you want you and your employees to travel in style, this credit card isn't recommended.

 

All in all, this credit card is an excellent choice for small business owners who do a lot of work in the US. Even though the annual fee is high, the earnings on US purchases and the lack of foreign transaction fees is totally worth it. Apply for yours today!

 

Apply Now On Bank's Secure Website

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