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American Express is offering 50,000 Membership Rewards Points on The Business Gold Rewards Card from American Express OPEN until tomorrow, Tuesday November 20, 2012, 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 annual fee is $0 for the first year, then $175. 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 Business Gold Rewards Card from American Express OPEN is a charge card, so you shouldn’t carry a balance. 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.