American Express Gold Business Credit Card

Amex Gold Business Credit Card
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The American Express Gold Business Card is a rewards business credit card that also comes with complimentary travel insurance, business trip completion cover and transport accident cover. You earn 2 Membership Rewards points for every $1 dollar spent on your card until 31 August 2025 and then it reverts to 1 Membership Rewards point per $1 spent thereafter.

CURRENT OFFER: Earn 100,000 Membership Rewards® Bonus Points when you apply by 30 April 2025, are approved and spend $1,000 on eligible purchases on your new American Express® Gold Business Card within 2 months of your approval date. New Amex Card Members only. You must enrol in the Membership Rewards programme on your card application to earn points.

Is it suitable for me?

The Amex Gold Business Credit Card might be suitable for you if you want to earn Amex Membership Rewards points for purchases on your card and/or if you frequently travel for work and want to take advantage of the complimentary travel insurance and other travel related cover the Amex Gold Business Credit Card offers, but remember to read the terms and conditions carefully to make sure you are fully covered.

Rewards Points Cash Equivalent

$100 spend earns you $1.25 cash equivalent^.

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If $1 spend earns you 2 Membership Rewards points then $100 spend earns you 200 points. If 16,000 Membership Rewards Points gets you a $100 Bunnings Gift card. This means 1 Amex Membership Rewards Points earns you 0.625 of a cent in NZD and $100 spend earns you (0.625 X 200) = $1.25 NZD in cash equivalent.

Our research further suggests that you get more value for your Amex Membership Rewards Points by redeeming your points for travel, gift cards, and shopping with Amex partners rather than as statement credit because when redeemed your points for statement credit, 20,000 Membership Reward Points = $100 NZD in statement credit.

How can I redeem my Amex Membership Reward Points?

Amex Membership Rewards Points can be redeemed in various ways, including for travel, statement credits, gift cards, and shopping. Amex also offers the flexibility to transfer Membership Reward points to several airlines and hotel loyalty programs, often providing enhanced value. You can find out how to redeem your points on the Amex Membership rewards page.

Key Features

  • Purchase Rate: N/A
  • Cash Advance Rate: N/A
  • Balance Transfer: N/A
  • Annual Fee: 95 p.a.
  • Interest Free Days: Up to 50 cash flow days
  • Minimum Repayment:
  • Card Reward Details: Earn 2 Membership Rewards points for every $1 dollar spent on your card until 31 August 2025 and then it reverts to 1 Membership Rewards point per $1 spent thereafter.
  • Credit Limit: No pre set spending limit
  • Other Fees: Employee Card fee of $70 p.a.

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

American Express Gold Business Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the American Express Gold Business Credit Card to help you decide.

Pros

  • Earn Membership Reward Points
  • Complimentary Travel Insurance
  • Business Trip Completion Cover
  • Transport Accident Cover
  • Earn 2 Membership Rewards points for every $1 dollar spent on your card until 31 August 2025 and then it reverts to 1 Membership Rewards point per $1 spent thereafter.
  • No pre set spending limit

Cons

  • Annual Card fee of $95
  • Employee Card fee of $70 p.a

What we like about the American Express Gold Rewards Credit Card

Membership Rewards Program

The American Express Gold Business Card offers a robust Membership Rewards Programme. You can earn points on every purchase, which can be redeemed for travel, shopping, or even statement credits. This flexibility makes it easy to get the most out of your spending.

Travel Insurance Coverage

Cardholders enjoy comprehensive travel insurance coverage as well as Business Trip Completion Cover and Transport Accident Cover. Such coverage provides peace of mind when travelling, knowing you are protected against unforeseen events.

No pre set spending limit

This means your purchases are approved based on a variety of factors, including current spending patterns, your payment history, credit records and financial resources known to us.

Drawbacks of the Amex Gold Business Credit Card

Annual Fees

One of the main drawbacks of the Amex Gold Business Credit Card is its annual fee however annual fees tend to be standard with business rewards credit cards.

Is the American Express Gold Business Credit Card Right for your business?

Deciding whether the American Express Gold Business Credit Card suits your business needs involves considering several factors. This card offers a range of benefits, but it may not be the right fit for everyone business. Here are some key points to help you determine if this card aligns with your lifestyle and spending habits.

Spending Considerations

Evaluate your spending habbits to see if the perks of the American Express Gold Business Credit Card match your needs. If you frequently make business purchases or/and travel frequently, the rewards and benefits can be quite appealing. However, if you do not spend much or travel often for business then this card might not be suitable.

Alternative Options

Consider other credit cards available in the market. Compare the American Express Gold Business Credit Card with other credit cards to see which one offers the best value for your specific needs. Look at factors such as the rewards program, annual fees, and additional perks to make an informed decision.

Frequently Asked Questions about the American Express Gold Business Credit Card

How much is an Amex Membership Reward Point worth?

1 Amex Membership Rewards Points = roughly 0.625 cents NZD when redeemed for Gift Cards.

1 Amex Membership Rewards Points = roughly 0.50 cents NZD in statement credit.

Note: The value of American Express Membership Rewards points can vary based on how you redeem your points. We have provided some examples to give you an indication of value but for a more precise valuation, you should check the specific redemption options available through the American Express rewards site, as the value can differ depending on promotions and transfer partners.

Gift Card:
16,000 Membership Rewards Points = $100 Bunnings Gift card.

Statement Credit:
When redeemed for statement credit 20,000 Membership Reward Points = $100 NZD in statement credit.

Our research suggests that you get more value for your Amex Membership Rewards Points by redeeming your points for travel, gift cards, and shopping with Amex partners rather than as statement credit.

Can I add additional cardholders to my account in New Zealand?

Yes, you can add additional cardholders to your account.. This allows your team to make purchases while earning points for your business. Additional cards cost $70 p.a.

Do I need to be a New Zealand resident to apply for the American Express Gold Business Credit Card?

Yes, you must be a New Zealand resident to apply for the American Express Gold Business Credit Card.

What are the main benefits of the American Express Gold Business Credit Card?

The main benefits include access to the Membership Rewards Program, Business Trip Completion Cover, Transport Accident Cover and 100,000 Membership Rewards Bonus Points when you apply by 30 April 2025(Terms and conditions apply).

Are there any drawbacks to the American Express Gold Business Credit Card?

Some would consider the annual fee of $95 a drawback but annual fees are common with reward business credit cards such as the Amex Gold Business Card. Amex cards might also not be as widely accepted as Mastecard and Visa credit cards in New Zealand but Amex cards are generally accepted widely in New Zealand especially for busines related purchases.

How can I maximise my Membership Rewards points?

You can maximise your points by using them for travel, dining, and shopping within the AMEX network, as well as taking advantage of special offers and promotions.

Eligibility Criteria:

Check the provider's website for Eligibility details but in general you need to be:
  • Be aged 18 or over
  • Have no history of bad debt or payment default
  • Have the right to work in New Zealand, and

Documents and information to have ready:

  • NZ Driver’s Licence number (if you have one)
  • Details of your income, expenses and debts
  • Proof of your annual income and employment details (e.g. Inland Revenue Department (IRD) Statement, payslips)

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