What credit score do you need for the Amex Business Gold Card?

Jan 29, 2021

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American Express offers several of the best business cards on the market. One of these cards is the American Express® Business Gold Card, which offers diverse business-focused 4x bonus categories.

However, you may doubt whether you can get approved for the Amex Business Gold Card. Specifically, you may wonder whether you are eligible for the card. And you may not be sure if your credit score is high enough. So today I’ll take a closer look at these topics so you can decide whether to apply.

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In This Post

Credit score required for the Amex Business Gold Card

American Express Business Gold Card
(Photo by Isabelle Raphael/The Points Guy)

The Amex Business Gold Card is a business card. As such, Amex will check your consumer credit score as well as your business credit score. Not all businesses have a business credit score, though. In this case, Amex will base its decision on your consumer credit score and the details you provide about your business.

There is no set credit score requirement for the Amex Business Gold Card. However, successful applications for the Amex Business Gold Card generally feature a good consumer credit score of 700 or higher.

Related: What credit score do you need for business credit cards?

Is the Amex Business Gold Card worth it?

The Amex Business Gold Card caters to small businesses with select types of business expenses. After all, the Amex Business Gold Card offers 4x Membership Rewards points on the two categories where your business spent the most each billing cycle from the following list:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media (online, TV, radio)
  • U.S. purchases at gas stations
  • U.S. purchases made directly from select technology providers of computer hardware, software and cloud solutions
  • U.S. purchases at restaurants, including takeout and delivery
  • U.S. purchases for shipping

You’ll only earn 4x points on the first $150,000 of purchases in combined 4x categories each calendar year. But if you earn 4x points on $150,000 of spending each year, you’ll earn 600,000 points on these purchases. Based on TPG’s valuations, 600,000 Membership Rewards points are worth $12,000.

Even if you earn 4x points on significantly less spending each year, the Amex Business Gold Card could still make sense. For example, a road warrior who uses the Amex Business Gold Card for all their domestic gas and restaurant purchases could quickly earn enough rewards to justify the card’s $295 annual fee (see rates and fees).

In short, the value you’ll get from the Amex Business Gold Card depends on the business expenses you incur and what other cards you carry in your wallet.

Related: Credit card showdown: Amex Business Gold vs. Amex Business Platinum

Who is eligible for the Amex Business Gold welcome offer?

American Express Business Gold Card
(Photo by Isabelle Raphael/The Points Guy)

The Amex Business Gold Card currently has a limited time offer: Earn 70,000 bonus points after you spend $10,000 on eligible purchases in the first three months of account opening. Since Amex Membership Rewards points are worth 2 cents each, this bonus is valued at $1,400. Plus, earn up to $300 back in statement credits: earn up to $150 back on both U.S. advertising in select media and U.S. shipping for a total of up to $300 on eligible purchases within the first three months of account opening. Offer ends 4/7/21

However, not all applicants are eligible for this bonus. Specifically, under Amex’s one-bonus-per-lifetime policy, the welcome offer isn’t available to current or previous Amex Business Gold cardholders. And Amex notes in the welcome offer terms that it may “consider the number of American Express Cards you have opened and closed as well as other factors in making a decision on your welcome offer eligibility.”

Luckily, Amex has a welcome bonus qualification tool that will tell you after you apply if you aren’t eligible to earn the welcome bonus. You can opt to withdraw your application at this point, in which case Amex would perform a hard pull on your credit. So if you don’t want the Amex Business Gold Card without its welcome bonus, carefully read any messages that appear after submitting your application.

Related: 5 ways you might be eligible for a business credit card without realizing it

How to check your credit score

Before applying for a small-business card, you’ll want to check your credit score. Luckily, there are many ways to check your credit score for free. For example, you can pull your Experian FICO Score 8 for free by logging in to Experian’s FreeCreditScore website every 30 days. Likewise, you can check your TransUnion VantageScore 3.0 for free each week using Amex’s MyCredit Guide.

You can also check your business credit score. But, unlike consumer credit scores, you’ll usually need to pay to do so.

Related: How does applying for a new credit card affect my credit score?

Factors that affect your credit score

Woman using a laptop at home
(Photo by Hero Images/Getty Images)

Your credit score isn’t just one number. Instead, your credit score at any given time may vary based on the calculation method (such as FICO Score 8 and VantageScore 3.0) and credit reporting agency (such as TransUnion and Experian). The exact calculation methods aren’t publicly available. But FICO says that a FICO Score consists of the following:

  • Payment history (35%)
  • Amounts owed (30%)
  • Length of credit history (15%)
  • New credit (10%)
  • Credit mix (10%)

If you want to improve your credit score, it’s essential to understand what factors affect your credit score. Your credit score will usually improve as you pay off debt and learn how to pay your credit card bills the right way.

Related: 3 real ways to boost your credit score in 30 days

What to do if you get rejected

If you apply for the Amex Business Gold Card, Amex may reject your application. Even if you have excellent credit, other factors may lead Amex to deny your card application.

If Amex rejects your application, you’ll receive a letter stating Amex’s reasons for the rejection. TPG contributor Ethan Steinberg uses each of his rejected credit card applications as a learning experience. After all, it’s possible to improve your credit portfolio and then apply for another card (or the same card). However, Amex recommends waiting at least 30 days before applying for another Amex card.

Alternatively, if you have information that might cause Amex to change its decision regarding your application, you can call Amex customer service at 1-800-567-1083 and ask Amex to review its decision. Best case, Amex may reverse its decision and approve you for the card. But even if Amex isn’t willing to change its decision, you may better understand why Amex denied your card application.

Related: Your guide to calling a credit card reconsideration line

Which Amex business card is best?

Woman holding a wallet with cards
(Photo by Isabelle Raphael/The Points Guy)

American Express offers several business cards, each of which may be best for a particular small business. As such, there isn’t one best Amex business card. However, here’s a quick summary of the most popular Amex business cards and what they’re best for:

As you can see, frequent business travelers may do best with the Amex Business Platinum. But Marriott loyalists may prefer the Marriott Business Amex. And businesses that prefer cash-back rewards will likely opt for the Amex Blue Business Cash Card.

Related: How to fill out an Amex business card application

Bottom line

The Amex Business Gold Card offers 4x Membership Rewards points on purchases in select categories (on up to $150,000 of eligible purchases each calendar year). As such, this card can be an excellent choice for small businesses that incur substantial expenses each billing cycle in one or two of the card’s categories.

You don’t need a perfect credit score to get the Amex Business Gold Card. A good credit score of 700 or higher may be enough for approval, especially if other details of your business indicate your application is relatively low risk.

Official application link: American Express Business Gold Card

For rates and fees of the Amex Business Gold Card, please click here.

Featured photo by Isabelle Raphael/The Points Guy.

American Express® Business Gold Card
Apply Now
More Things to Know
  • Limited Time Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership. Terms Apply.
  • Earn up to $300 in statement credits on eligible U.S. advertising and U.S. shipping purchases. Terms and cap apply.
  • More Rewards: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
  • **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
  • Airline Bonus: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • Pay Over Time Option: A flexible payment option with interest to help manage cash flow on purchases of $100 or more.*
  • *Terms Apply
  • See Rates & Fees
Regular APR
14.24% - 22.24% Variable
Annual Fee
$295
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.