Great deal: Earn 50% more Membership Rewards points with the American Express Business Gold Card

Jun 30, 2021

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

This story is an advertisement feature in partnership with American Express, but the opinions are those of the author and TPG. This is one way TPG continues to provide our readers with free news and advice about travel.

The American Express Business Gold Card has just become an even better option for small-business owners. Effective 30 June, American Express has increased the Membership Rewards-earning rate for business expenses.

There’s already a welcome bonus of 20,000 Membership Rewards points after spending £3,000 in your first three months of Cardmembership for new applicants, and no annual fee for the first year — and those are not changing.

New to The Points Guy? Check out our beginner’s guide and sign up to receive our daily newsletter!

Cardmembers also already earn 1 Membership Rewards point for every £1 spent on everyday business expenses wherever American Express is accepted — and that standard earn rate is also staying the same.

Related: A review of the American Express Business Gold Card

So, what’s changing? American Express has now increased the potential earning rate. If you spend £20,000 on the Card in a three-month calendar quarter period (for example, 1 July to 30 September), you will earn an additional 50% Membership Rewards points. The earn rate will increase from 1 point per £1 to 1.5 points per £1, increasing your 20,000 Membership Rewards points to 30,000 points.

If you spend £20,000 in each calendar quarter for a year — £80,000 in total — for a new applicant eligible for the welcome bonus, they would earn a huge 140,000 Membership Rewards points. Based on TPG’s most recent valuations, those points are worth £1,960.

For a Card with no annual fee in the first year, this is an incredible return. Do note, however, there is a £125 annual fee each year from year two, onwards. This annual fee is increasing to £175 for fees charged from 1 October 2021.

Remember that 140,000 Membership Rewards can be transferred at a rate of 1:1 to many of the programme’s airline and hotel partners. For example, they could become 140,000 British Airways Avios or 140,000 Virgin Points. That sum of points would be more than enough for a return, off-peak Club World/Club Suite business-class redemption with British Airways to anywhere in North America, for example. Alternatively, Cardmembers can choose to use their Membership Rewards for statement credits.

Related: Which is better? British Airways’ Club Suite or First class?

The bonus Membership Rewards points will be added to eligible cardmembers’ Membership Rewards accounts when they reach the £20,000 spend each three-month period.

This great offer is available for existing cardholders and new applicants of the Amex Business Gold until further notice.

In order to be eligible for the Card, your business must have a current U.K. bank or building society account, you must have a permanent U.K. home address, be at least 18 years or older and have no county court judgments for non-payment of debt against you. 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. American Express also offer the American Express Business Basic Card with no annual fee.

You can apply for this card here.

Featured image by Alejandra Villa Loraca/Newsday RM via Getty Images

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.