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American Express Enhanced Business Gold Rewards Card – The Entrepreneur’s Best Friend?

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The American Express Enhanced Business Gold Rewards Card is a rewards charge card issued by American Express Bank. It can be a powerful tool to support business travelers and active e-commerce entrepreneurs. You get double and even triple rewards on some purchases. This card is aimed squarely at the potential member who’s responsible for the purchase of technology related products and services. Someone who may be at the forefront of anything like an e-commerce or tech startup. If you are going to be making eligible purchases anyway then you may wish to read on to find out what makes it so great.

American Express Enhanced Business Gold Rewards Card Membership Rewards Business Purchases

The American Express Enhanced Business Gold Rewards Card is a charge card with no line of credit or associated APR. It has an annual membership fee of $175, which is waived for the first year. If you’re going to be using the card in the normal conduct of business, to be reimbursed by your company, this is very useful. You get the convenience of American Express while using the card and the benefits of rewards points in return.

Assuming that you have decided that a charge card is the right choice for your business spending needs, American Express has traditionally been a really likely option. The question is then, which card is the right one for you? The American Express Enhanced Business Gold Rewards Card is going to be a great option for some members and not for others.

The American Express Small Business Support Network

American Express Enhanced Business Gold Rewards Card membership has the benefits of the American Express OPEN Network. This also provides membership perks and support for office and technology purchases, shipping, and advertising. Members get a set of tools from OPEN that is worthwhile in its own right. It includes everything from dispute resolution and account alerts to online statements and receipt matching. There’s so much to call on that you might be forgiven for thinking that the American Express Enhanced Business Gold Rewards Card is too complex and confusing. However, the OPEN Forum is there for members to post questions and discuss issues with fellow cardholders. The forums also have articles and how-to video tutorials, so you can get the most out of the card.

When traveling, the American Express Enhanced Business Gold Rewards Card has all the features that you would expect from this venerable old card company. You get insurance options against baggage loss or damage, accidents while traveling, and rental car loss or damage. There is always the comforting thought that there are hotlines for roadside and global assistance, as well as protection for purchases and extended warranties. There’s also a tie-in with Amazon.com that gives you membership in Amazon Prime when you reach the designated spending threshold.

Rewards From American Express Enhanced Business Gold Rewards Card Membership

As a new member in good standing, you’ll receive 30,000 Rewards points after you’ve made more than $5,000 in purchases on the card within the first three months. The Amazon Prime one-year free membership is awarded on the American Express Enhanced Business Gold Rewards Card after you spend an additional $5,000 on the card in the first three months.

American Express Membership Rewards points can be redeemed for travel, brand name shopping purchases and entertainment. Travel includes flights, hotels and car rental. Purchases can be made from a wide variety of branded merchandise from big name retailers, including Home Depot and Amazon.com. Points can also be redeemed for gift cards, dining, and tickets for entertainment from Ticket Masters.

The double and triple points promotion is available only with the Enhanced Gold American Express Card and points are awarded as follows:

  • 3x points for travel purchased from airlines
  • 2x points for purchases of advertising from certain media
  • 2x on tech software and hardware purchases from certain vendors

The multiple rewards offer only applies to the first $100,000 of spending and is 1x on all purchases thereafter. Double points are earned on purchases with companies such as Google Adwords, Fedex, Apple and Hewlett Packard. If you’re responsible for a lot of corporate spending, this card will help to pay for your personal travel, entertainment and gift buying throughout the year. If you are that person then this is possibly the right card, for everyone else it may prove better to shop around for alternative charge cards or travel credit cards.

Membership Offer on Amazon Provides Insights

The fact that Amazon is promoting this card on their Website offers an interesting window into members’ experiences and opinions. It is subject to reviews by Amazon customers and the browsing public. Reviews of The American Express Enhanced Business Gold Rewards Card on Amazon are split evenly between positive and negative, the former being four or five stars, the latter being three or below. Out of a total of ten reviewers four give it five stars and two give it just one star.

The biggest complaint appears to be the $175 annual fee that kicks in after the first year. The positive reviews focus on the excellence of the customer service and the fact that you’re generously awarded points. For a member that uses it for business spending, on the sort of scale that makes the card worth having to begin with, the annual fee will be more than offset by the rewards.

Small Business Owners Frequent Travelers and Entrepreneurs

So, it comes down to whether or not it is the right cards for your normal business usage. If you spend funds on office and computer technology, travel frequently, pay for shipping through Fedex, and book advertising for your business then it’s a strong candidate. As a charge card you do have to pay off the balance each month and, to qualify to get the card in the first place, you need to have excellent credit.

In business it’s essential to have the right resources at your disposal. Any of the many available versions of the American Express Charge Card could easily be a great resource, if you qualify. If you have the right sort of requirements then an American Express Enhanced Business Gold Rewards Card membership will be a rewarding asset to all of your entrepreneurial activities. 

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