Business Gold Rewards Card from American Express

• Earn up to 100,000 points or more in the first year
• Automatic enrollment in the Membership Rewards® program
• No pre-set spending limit*
• No finance charges
• Ongoing savings at AT&T, FedEx®, Staples®, Hertz®, and more
• Pose questions and get insights from small business experts

Just The Facts -

Issuer :  American Express

APR : Variable and dependent on your credit rating.

APR On Purchases : Variable and dependent on your credit rating.

APR On Cash Advances :  Variable and dependent on your credit rating.

Annual Fee : First year is free and then there is an annual charge of $125.00.

Credit Line Possible : The Business Gold Card Rewards Card From American Express has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources.

Insurance included :  Automobile rental insurance, a purchase protection plan, extended warranty, return protection, identity theft protection and up to $100,000 in travel accident insurance are part of a Business Gold Card Rewards Card From American Express account

Financing Configuration - Interest is calculated on your average daily balance (including the date of a purchase).

Grace Period - You have thirty days after making a purchase during which you do not have to pay interest for purchases made with your Business Gold Card Rewards Card

The Best Thing About It - You get a hundred dollars if you acquire a Business Gold Card Rewards Card From American Express before February 28th, 2007. Points can be redeemed for travel rewards on over 21 airlines and customer service agents who specialize in small business are available twenty four hours a day. You may also get various business related discounts at participating merchants and it's a charge card. Means you have no pre-set spending limit which really helps in making large purchases.

The Worst Thing About It - This card does not allow balance transfers!

Credit Rating Needed For Acceptance : This card is for businesses with good credit.

Who Is It For?

The American Express Preferred Rewards Gold Card is an ideal card for those who can afford to pay in full each month to avoid accumulating credit card debt and for individuals who like to have exclusive access to cultural and sporting events. It is also great for those who like to travel a lot.

The Benefits

Apply before February 28th 2007 and you will be rebated $100.  A check with your introductory rebate can be mailed to you or be applied to reducing the cost of your first purchase with your Business Gold Card Rewards Card From American Express

You can earn rewards points quickly. Earn up to 100,000 points or more in the first year,

You will benefit from ongoing savings.  You can get discounts and cashback rewards at AT&T, FedEx, Staples, Hertz, Kinko's, Delta Airlines and more.

Your Business Gold Card Rewards Card From American Express points never expire.  Your points have no cap and they are good to use until you are ready to go.

You have access to the OPEN small business team. Available 24 hours a day, 7 days a week, the small business team at American Express help you with billing inquiries, card replacement, line increases, options for extending payment, and more.

You can transfer your American Express Gold Card points to many different frequent flier programs. Transfer points into 11 frequent flyer programs. The match is usually 1 point for 1 airline mile with most programs

Track all of your expenses on one statement. Online access to this statement to your account is also provided so you can stay on budget.  Business Gold Card Rewards Card From American Express

You can print out a Year End Summary for tax purposes. A summary can be printed it out. You can sort items by date, merchant name, or charge amount; review charges made within a category, such as Travel and Restaurant. Your Year End Summary makes preparing taxes a whiz. You may also receive a paper Year End Summary in the mail by calling the number on the back of your Card.

Monitor your expenses.  You are also able to monitor what goes on in your account with full access to an online account report.

You have a Return Protection Plan. If you try to return a designated item within 90 days from the date of purchase and the merchant won't refund your money, American Express will refund the full purchase price, up to $300 per item.

You have extra protection from theft or loss of your card while traveling.  American Express provides quick emergency cash and emergency card replacement should your card be stolen.

You have a great deal of travel insurance. Business Gold Card Rewards Card From American Express card offers $100,000 in travel insurance.

The card comes with a Global Assist Hotline. Whenever you travel more than 100 miles from home, you have security and peace of mind 24/7 with medical, legal, financial or other emergency assistance, including medical and legal referrals, visa/passport help, cash access, lost luggage and more.

The card offers a Baggage Assurance Plan. This plan covers up to up to $1,250 for carry-on baggage and $500 for checked baggage in the event it is lost or stolen.

Business Gold Card Rewards Card From American Express Card offers emergency check-in service. Emergency Check-In enables a Card member to check into a hotel and charge his/her stay with the Card, even if the Card has been lost or stolen.

You will also benefit from the Assured Reservations plan.  You can guarantee all your hotel and motel reservations with your American Express Card account. Your room will be there for you even if you are late. If you have an assured reservation and your room is not available, the hotel or motel will provide you with a comparable room that is nearby, along with transportation to your new location and a free 3-minute phone call.

The Drawbacks

The annual fee for the Business Gold Card Rewards Card From American Express is high. This fee skyrockets to $125 after one year of being fee free.

Duplicate cards for family are not free. Complimentary cards cost $35 each.

You can't transfer balances.  Balance transfers are not variable.

Monthly payments are applied to purchases first.  The amounts that you pay monthly are not applied to the highest interest garnering activities such as taking out a cash advance.  This can make it longer to pay off your debt.

The Return Coverage is limited. Coverage is limited to $300 per item, excluding shipping and handling, and up to a maximum of $1,000 annually per Card Account and is subject to all kinds of strict terms and conditions.

Fees To Watch Out For

Late payment fee :  $0 to the greatest of $30 or 2.9%

Over the Limit Fee : $30

Duplicate card fee :  $35

To Summarize-

Business Gold Card Rewards Card From American Express is helpful for small businesses who like to keep their expenses all in one place and appreciate a very user-friendly customer service team. It is not a great card to carry a month-to-month balance on so it is best for business types who are solvent.