Update: Oh nerds! Looks like this offer is no longer available. Try looking for our business credit card deals instead.
American Express is offering 50,000 Membership Rewards Points on its Business Gold Rewards Card until tomorrow, Tuesday November 20th, at 5:00 EST – so if you’re looking to snag $500 worth of rewards for your business, do it fast. The card gives the 50k points when you spend $5,000 in the first 3 months, and its $175 annual fee is waived the first year. If you’re looking to snag a signup bonus and get a quick payout, this is an excellent card for you.
As for ongoing rewards, you’ll get 3 points per $1 spent on airfare, 2 per $1 spent on gas, shipping and select media, and 1 per $1 spent elsewhere. Note that the Gold is a charge card, so you shouldn’t carry a balance. It comes with a $175 annual fee, waived the first year; there’s a flat $50 annual fee for additional cards, regardless of how many you have, also waived the first year. It’s a good way to make a fast $500, but if you’re looking for ongoing value, you’re better off elsewhere.
Here are a few alternative cards to deliver excellent ongoing rewards:
Starwood Preferred Guest Business: The Starwood Business is one of the best hotel cards out there, if you stay at SPG hotels. It earns up to 5 Starpoints per $1 spent at SPG hotels, and 1 per $1 spent elsewhere. But the kicker is that we value Starpoints at 2.3 cents apiece, so your actual rewards rate is around 2.3% on all purchases, and if you redeem right, it could reach as high as 5%! Not too bad – and it makes the 25,000 Starwood Points bonus all the more enticing.
Chase Ink Bold: With a signup bonus of 50,000 Chase Ultimate Rewards, worth 25% more when redeemed for travel, the Ink Bold offers the same hefty signup bonus with a lower annual fee – $95, waived the first year - and better rewards, tailored to small businesses. You’ll earn 5 Ultimate Rewards Points per $1 spent on office supplies and cable and telecom services up to $50k spent annually, 2 per $1 spent on gas and hotels up to $50k spent, and an unlimited 1 point per $1 spent elsewhere. It’s a charge card, but the equivalent Ink Plus credit card has the same rewards program.
Chase Ink Cash: If you’re anti-annual fee, the Chase Ink Cash still gives the same deal as the Ink Bold, but caps rewards its 5% and 2% rewards at $25,000 spent annually in each category, has no annual fee and comes with a $200 signup bonus. Unlike the Ink Bold and Amex Gold, it’s a credit card, so you can carry a balance.
Check out our full list of business credit cards for the best deals!