American Express Business Credit Card

Key Features

• Purchase Rate: N/A
• Cash Advance Rate: N/A
• Balance Transfer: N/A
• Annual Fee: $55.00
• Interest Free Days: Up to 50 cash flow days
• Minimum Repayment:
• Card Reward Details:
• Credit Limit: Employee Card fee of $40 p.a. (an annual Membership Rewards fee of $50 applies.)
• Other Fees:

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

American Express Business Credit Card Review

What we like about the American Express Business Credit Card

Membership Rewards Program

The American Express Business Credit 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.

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 Business Credit Card

Annual Fees

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

Is the American Express Business Card Right for your business?

Deciding whether the American Express Business Credit Card suits your business needs involves considering several factors. This card offers a few 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 Business Credit Card match your needs. If you frequently make business purchases on your card, the rewards can be quite appealing. However, if you do not spend much for business then this card might not be suitable.

Alternative Options

Consider other credit cards available in the market. Compare the American Express 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 $40 p.a.

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

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

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

The main benefits include access to the Membership Rewards Program and Transport Accident Cover (Terms and conditions apply).

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

Some would consider the annual fee of $55 a drawback but annual fees are common with reward business credit cards such as the Amex 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 in New Zealand 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:

• 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)

No documents required to apply¹

What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.

• Airpoints credit card
• Credit cards rewards
• Frequent flyer credit cards
• Travel credit cards
• Interest free credit card
• Credit card with travel insurance
• Credit cards with lounge access
• Lowest interest rate credit card
• Best credit card rewards

1. Documents not required with initial application, but might be required if your application is accepted.