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Business Gold Rewards Card from American Express® OPEN Review
The Business Gold Rewards Card from American Express OPEN is a straightforward charge card for small business owners. With a rewards program offering several types of benefits for users, the card offers small business owners rewards points on all travel expenses worldwide as well as points for every purchase made with the card. As this offer is a business charge card, the requirement is that the balance is paid in full at the end of each billing cycle. It is however a great alternative method of payment option as the rewards program, Membership Rewards, is top notch and the American Express online interface is extremely sophisticated.
Benefits of the Business Gold Rewards Card from American Express® OPEN:
- Users are given flexible travel rewards with no spending limit. Additionally, users can earn between 3-10% on purchases from OPEN Savings partners.
- One Membership Rewards point is earned for each dollar spent on most purchases. With the Membership Rewards program, users can earn 25,000 bonus points when they spend $50,000 per account per year.
- Points are redeemable on all travel purchases through the OPEN Travel site. These points are additionally redeemable at hundreds of participating hotels and travel destinations.
- There are no limits to the number of points users can earn without expiration.
- There is no APR, as this is not a credit card. However, there is an annual fee of $125. There is no annual fee in the first full year. Though this may be a deterrent from some business owners, the rewards program benefits make this card worth the fee.
- Cardholders may upgrade to the American Express Platinum Business Card over time for more personalized service and benefits though this card comes with a higher annual fee.
The Business Gold Rewards Card is ideal for small business owners with excellent credit who are looking for a charge card that provides travel discounts and rewards. However, the most notable benefits of the card are that users can earn 25,000 bonus points when they spend $50,000 per account per year, and that users can earn between 3-10% on purchases from OPEN Savings partners.
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