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Update: Some offers mentioned below are no longer available. View the current offers here: The Enhanced Business Gold Rewards Card from American Express OPEN
Last week Amex sent affiliates a note saying that the 50,000 point Limited Time Offer on the Business Gold Rewards card would be pulled on November 20th, however the 50,000 point offer still shows and the T&C state that the offer is good until November 26, 2012. Note: if it says the offer is expired, log out of your Amex account or use a new browser to pull up the application page.
The offer is likely to decrease drastically, so if you are looking to pick up a bunch of Amex points with a relatively low spend threshold ($5,000 spent within 3 months) and the $175 annual fee waived the first year, this card may make sense.
I’ve had this card since November and use it to maximize the Open Savings program, which automatically gives you discounts when you use your card at certain vendors: for example 3% at Hyatt, 5% at Courtyard by Marriott, 10% at Hertz, 5% at Office Max and 5% at Fedex.
You also get 3 points per dollar spent on airfare and 2 points per dollar spent at: “advertising purchases in the U.S. to promote your business in the following media channels: online, TV and radio; 2 points for gasoline purchases at U.S. stand-alone gas stations; 2 points for shipping services purchased in the U.S. for courier, postal, and freight.” Each category is capped at $100,000 per calendar year in spend, beyond that is 1 point per dollar.
You don’t need to have a big corporation to get approved for this card- you can apply with your Social Security Number as a sole proprietorship and likely get approved if you have good credit and either have a small business or plan to start one. Check out this post for more info on applying for business cards.
Note: “Welcome bonus offer not available to applicants who have had this product or any other Business Gold, Green, or Platinum® Card account within the last 12 months.”