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The Gold Card from American Express OPEN(SM) was last reviewed on 27th February 2010.
Summary - The Gold Card from American Express OPEN(SM) will appeal to the small business owner who pays the bills fully every month and wants to enjoy the reward benefits of Membership Rewards. Those who also have the personal Amex Gold Card should consider getting this card to separate business expense and yet earn Membership Reward points under one account. Let's explore this card in greater detail.
Reward Formula - The Gold Card from American Express OPEN(SM) allows the cardholder to earn unlimited rewards points which never expire. Points can be used to redeem a wide range of rewards available from the American Express Membership Rewards.
Open Savings - Like every American Express business card, you can save money when you use the card with OPENSavings
merchants and get savings. You can see them in the scrolling video below.
Other Benefits - The Gold Card from American Express OPEN(SM) also gives cardholders the following benefits.
1. Purchase Protection Plan - under this plan, you can return any purchase you make if it is accidentally damaged within 90 days.
2. Travel Insurance - American Express provides accidental travel insurance for all cardholders.
3. Online Management - You can manage your account with Summary of Accounts and track charges with Expense Management Reports.
4. Online Business Community - Allows you to chat, pose questions, get insights from other small business owners, and attract new business.
5. Seek Business Advice - You can ask an expert a question, use an online tool, and read articles by other business owners.
Recommendation - The Gold Card from American Express OPEN(SM) is best suited to the small business owner who pays the bills fully every month, does not need any credit card lines for capital expenditure and who wishes to earn reward points and enjoy the benefits of the American Express Membership Rewards. Those who are already members of Membership Rewards can link this card to your account so that you can have a separate business credit card and yet earn points for the same reward program under one account. For businesses who spend above $50,000 on their card, this will be a great card since you can get an extra 25,000 Membership Reward points (worth an airline ticket).
You can also apply for this card if rather than the regular gold card if you can save more because of the savings from OPEN Savings. American Express prefers businesses to have at least 6 figure profit or owners who have at least that in total household income to apply. But if you meet the criteria, this is a great card to get.
Positives
Earn unlimited reward pointsReward points do not expireEarn additional points during the first yearNo annual fee or additional card fees during the first year
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