American Express Gold OPEN

american express gold openDo you run or own a small business?  I’ve always had dreams and aspirations of running my own business and hopefully someday I will!  For those that already do, you need to make sure your costs are covered and are getting maximum reward back in return.  Credit cards can help out, and that’s where American Express Gold Rewards OPEN comes in!

It’s also one of the top credit cards for small businesses. Things like purchase price protection, extended warranties, and product return protection, this card was built for a small business and to keep your mind at ease.


Benefits of the Gold Rewards Card from American Express OPEN

-Bonus points can be used at Amazon as an alternative.

-3X points on airfare, 2X points on advertising, gas, and shipping, and 1X points on everything else

-This card is build for a business owner who travels.  You will receive triple points on any airfare during your travels.

-You will earn double points for all advertising, shipping and gas purchases up to a $100,000 cap.

-You also have an opportunity to earn up to 10 points for every dollar spent in the American Express membership rewards area.

-Unlimited Rewards Potential – there is no limit to the number of points you can earn and points do not expire.

-Offering  extended warranties, purchase protection, and travel protection for all card members.


Drawbacks of the  Gold Rewards Card from American Express OPEN

-Although the annual fee is $0 for the first year, it goes up to $175 for consecutive years.

-Balances are due in full at the end of each month.

-Superior credit score is a must.


Eligibility and Spending Requirements

Although this is a business credit card, anyone can apply!  You probably didn’t know that you can use your name as your business.  Simply submitting your name and social security number as your business information will suffice.  Another cool thing about this credit card is that it’s separate from your personal credit history and credit lines.  It won’t mess with your credit limits and other things like your credit utilization ratio.

The spending requirement for this card is at $2,000 per month.  Along with the stipulation to pay off the credit card in full each month, this card is not for everyone.  In the end, if you’re running a business, this spending requirement shouldn’t be a problem.  With the combination of office rent, wages, insurances, and other related expenses, the $2,000 spending requirement is a piece of cake.


So, is this card for you?  I highly recommend you get this card if you’re looking for an unsecured credit line for business related expenses.  There are some serious rewards you don’t want to miss out on.  Like most business cards, you will need a fantastic credit score for this card.

Disclaimer:  This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.