Credit Card Review: The Gold Business Charge Card From American Express UK

May 1, 2019

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There are a range of different personal and business American Express cards on offer in the UK, and the choices can sometimes be confusing.

Fortunately, American Express has designed a business card that, for those new to rewards cards, provides an excellent first step to earning rewards.

Who Is This Card For?

The Gold Business Charge Card is marketed toward businesses that wish to earn simple rewards for business purchases but may not want a high annual fee. Nor may they need the extensive travel benefits that come with more expensive premium cards.

You might be surprised at just how wide American Express defines ‘business’. Read our guide to determine if you might qualify for a business card. Do note that this is a charge card rather than a credit card. So, you will need to pay off the balance in full each month.

You cannot have held any American Express-issued card in the past six months in order to receive this bonus, and business cards are not affected by the tough new restrictions on American Express UK welcome bonuses. You must have been in business for more than a year and have a UK bank account in order to get this card.

(Photo by Daniel Ross/The Points Guy)
Cathay Pacific Lounge, London Heathrow (Photo by Daniel Ross/The Points Guy)

Welcome Bonus and Annual Fee

Many American Express UK cards do have annual fees, and this card is no exception. The Business Gold Card comes with a reasonable £125 annual fee. Fortunately, this annual fee is waived for the first year.

You’ll earn 20,000 Membership Rewards points, which are the official American Express points currency, provided that you spend £3,000 in the first six months of opening the card.

That’s a reasonably low minimum spend to meet, given how many retailers in the UK accept Amex. Based on TPG’s monthly valuation of Membership Rewards points, that welcome bonus is worth around £300, which is great considering there is no annual fee in the first year to earn that welcome bonus.


This card is all about simplicity and no hidden surprises. So, you’ll earn 1 Membership Rewards point per £1 on purchases, uncapped. There’s a 2.99% foreign transaction fee for purchases in foreign currencies, which does outweigh the value of the points you would earn. You may wish to avoid using this card for foreign purchases if your goal is earning points, as the fee will outweigh the points you’d be earning.

In addition, you’ll earn an additional Membership Rewards point for every £1 spent with you book your flight, hotel, car hire or experience through American Express Travel.


Read our complete guide to Membership Rewards UK here.


  • You can request up to 99 complimentary supplementary cards for employees and associates.
  • Refund protection for eligible items for 90 days up to £300, where the retailer you bought the items from won’t refund.
  • Purchase protection for eligible items stolen or damaged, up to £2,500 per item.
  • Travel accident insurance up to £75,000.
Emirates A380 onboard bar. Photo by Brian Kelly / The Points Guy
Emirates A380 onboard bar. Photo by Brian Kelly / The Points Guy.

Which Cards Compete With This Card?

The main competitor with this card is the Platinum Business Card from American Express UK. That card has more benefits, though with a higher annual fee. You’ll get a higher welcome bonus, more perks and a bigger ‘WOW’ factor when opening your wallet — at a cost of £450 per year.

So, if you are a business pumping some serious money through a card each month, the Platinum Business Card is a better value proposition.

Bottom Line

This card can be a great way to earn points for business spending, especially considering that it has no annual fee for the first year. American Express has good acceptance across the UK and can be used abroad, though the foreign transaction fees will cancel out much of the benefit.

Nonetheless, it still has a generous welcome bonus, no annual fee in the first year and the flexible points currency of Membership Rewards.

You can apply for this card here.

Featured image by John Gribben/The Points Guy.

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