American Express Business Gold Rewards Card Review

**This post may contain affiliate links. I may be compensated if you use them.

In my American Express Business Gold Rewards Card review, you’ll find out why it’s one of the best travel credit cards in Canada. The card often gets overlooked because it’s a business card, but what most people don’t realize is that you don’t have to have a business to apply. Sure, it’ll ask you for your business information, but you can put in anything you want.

But why would you want to apply for a business card if you don’t have a business? For the welcome points of course! You’ll get 75,000 Membership Rewards points (with a referral) when you spend $5,000 in the first three months of card membership. Keep reading for my thoughts on the card and why this card is a winner.

American Express Business Gold Rewards Card

  • $199 annual fee
  • Up to 115,000 Membership Rewards points welcome bonus when using a referral link
  • Earn 75,000 Membership Rewards points when spending $5,000 in the first 3 months
  • Earn 10,000 points when you charge $20,000 each quarter (yearly benefit)
  • Earn 1 Membership Rewards point per $1 spent on all other purchases
  • 55 interest-free days
  • Mobile device insurance

The regular welcome offer is 70,000 points when you sign up for this card, but with my referral link, that jumps up to 75,000 points. To get those points, you need to spend $5,000 in the first three months of card membership.

60,000 points are worth at least $750, but if you transfer those points to Aeroplan on a 1:1 basis, they can be worth much more. The annual fee is just $250, so this card is very attractive.

For business users, the additional 10,000 points when you charge $20,000 to your card each month can be appealing. That’s basically a 50% points bonus if you can meet the spending requirement.

From a consumer standpoint, the American Express Business Gold Rewards Card is less appealing. You earn 1 point per $1 spent on all purchases. There are many personal credit cards that give you a higher earn rate, but again, this is for business users mainly. Regular consumers would only get this card if they’re looking for a generous welcome bonus.

How does American Express Membership Rewards work?

American Express Membership Rewards has a few different quirks to it which makes it one of the best rewards programs out there. At its core, 100 Membership Rewards points allow you to claim $1 in travel rewards which effectively makes your points worth 1 cent per point. Alternatively, you get the same value if you want to use your points as a statement credit.

To claim your travel rewards, you must book through the Amex Portal online or call in to have an agent book the travel and redeem the points for you.

What makes Membership Rewards points so valuable are the transfer partners. You can transfer your points to Aeroplan or Avios at a 1:1 ratio.

Remember those 75,000 bonus points you got? Well, if you converted them to Aeroplan, you would have 75,000 Aeroplan points. Since Aeroplan points are worth about 2 cents per point, the welcome bonus is worth close to $1,500

You can also transfer your points to Marriott Bonvoy at a 1:1.2 ratio. This can be handy for people who are looking to use their points for free hotel nights.

How the Amex Business Gold Card compares to other cards

The best card to compare to the American Express Gold Business card is the American Express Platinum Business card. Both have similar features, but the Platinum card gives you 3 points per $1 spent on restaurants, 2 points per $1 spent on travel, and 1 point per $1 spent on all other purchases. In addition, it comes with better travel benefits, including travel insurance and lounge access.

If you’re an actual business owner, you should look at the supplier list offered by the Gold Business card and see if you’d get value there. If you don’t spend a lot on those suppliers, you’re probably better off just getting the Platinum Business card.

That said, if you’re applying for this card just for the signup bonus, then, of course, it’s worth it.

Final thoughts

My American Express Business Gold Canada review is positive. The sign up bonus, multipliers, and referrals make this one of the best credit card deals available. Although the multipliers aren’t that impressive if you’re a regular consumer, business users may like what this card has to offer. 

American Express Business Gold Rewards Card Review

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter:@barrychoi


  1. FRANKLIN on February 15, 2019 at 8:08 AM

    I’m confused on the last line of this quote “That being said, if you’re applying for this card just for the signup bonus, then of course it’s worth it. The first year is free, and easily ranks as one of the best travel credit cards in Canada.” How is the first year free when you clearly said there is $250 annual fee that can’t be waived in the first year?

    • Barry Choi on February 15, 2019 at 8:28 AM

      Hey Franklin,

      That’s actually a mistake on my end. There was an old promo where the first year was free. Looks like I missed correcting that line when I update the article.

  2. Chris on May 13, 2022 at 5:25 PM

    I would like to get the Gold Business Amex. I used to have the Platinum Business, and currently have the Bonvoy Business card. The application says that current or former small business cardholders are not entitled to the welcome bonus. Any info on that?

    • Barry Choi on May 13, 2022 at 5:41 PM

      Hey Chris,

      Generally speaking, the rule only applies if you’re applying for the same card. If you didn’t hold the Gold Business before, you’re likely fine. Plus, they recently changed the Business Gold so it’s considered a new card now.

      • Chris on May 13, 2022 at 5:44 PM

        Thanks for the quick reply!

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