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Among the best business credit cards, the
The card has six spending categories eligible for earning up to 4x points. In the two where your business spends the most each billing cycle, you will earns four points per dollar on the first $150,000 in combined purchases each calendar year (then one point per dollar).
In our points and miles valuations, we peg the worth of American Express Membership Rewards points at 1.8 cents apiece, so using the
Amex just announced some updates to this card that make it even more valuable for business owners who want to maximize rewards on their spending. It's introducing some new money-saving features, as well.
New American Express Business Gold card bonus categories
The
- U.S. purchases made from electronics goods retailers and software and cloud system providers
- Monthly wireless telephone service charges made directly from a wireless telephone service provider in the U.S.
- Transit purchases including trains, taxicabs, rideshare services, ferries, tolls, parking, buses, and subways
These new categories will join the following existing categories, which will still be eligible for earning 4x points according to the same rules as above:
- Purchases at U.S. media providers for advertising in select media (online, TV, and radio)
- U.S. purchases at gas stations
- U.S. purchases at restaurants
In addition to these new 4x categories, the
New monthly statement credit, cell phone protection, and more
Beyond more points-earning opportunities, the card is adding some perks that can save your business money.
For one, the card will offer up to $20 in monthly statement credits after you use it for eligible purchases at FedEx, Grubhub, and office supply stores. You will need to enroll your card to get the statement credits, but once you do, it shouldn't be hard to take full advantage of this benefit, since $20 is generally less than the cost of one delivery meal.
The
Another new, useful benefit is credit card cell phone protection. Now, if your phone is damaged or stolen, you can be reimbursed for the lesser of your repair or replacement costs, with a maximum of $800 per claim with a $50 deductible (and a maximum of two approved claims per 12-month period). To be eligible, your phone must be on a wireless bill and the prior month's bill must have been paid with your eligible card.
The final new benefit is a fun one for anyone who's felt left out with the personal
New Amex Business Gold benefits come with a higher annual fee
Unsurprisingly, Amex is introducing these additional perks at a cost: Starting February 1, 2024, the
Between the new monthly statement credit, cell phone protection, and Walmart+ membership, it's definitely possible to get more than $125 in additional value from the card's new perks, but you'll want to take a close look at the new benefits and your spending patterns to decide whether the card makes sense for you. And if you already have the card, you have a bit of time to decide whether it's still worth it at the higher annual fee level.