American Express offers some of the best rewards in the credit card industry. Their business credit card, for example, lets members earn and transfer points in a variety of ways and even earn an impressive 50,000 Membership Rewards bonus.
Credit card rewards are common these days so if you want to take advantage of the best rewards you can find, you should probably get an American Express card. Their membership rewards are among the best in the industry, offering points that are transferable for anything from free flights, hotel rooms, cruise vouchers, gift cards, or even cash rebates. In all, American Express offers more than one million rewards from more than 500 popular brands.
If that is still not enough to win your favor, you might be keener on the business rewards offered by the American Express Business Gold Rewards Card. This could not only earn you access to the aforementioned rewards but the new program could also earn you a 50,000 Membership Rewards points bonus when you spend $5,000 within the first three months of opening your account.
While this is definitely an impressive number you might be more interested to learn that the value of these rewards points actually depends upon the way you redeem them. On average, though, the redemption value equals one point to one cent, netting the overall value of the bonus at approximately $500. The best way to redeem 50,000 bonus Membership Rewards points with the Business Gold Rewards Card® from American Express OPEN is towards travel. Book a seat on your favorite airline if you like but you’ll get the best rewards when you transfer your points to affiliated airline loyalty programs. This includes the Aeroplan from Air Canada, Cathay Pacific’s Marco Polo Plan, and, of course, Delta SkyMiles. If these are not of your preference you will definitely be able to find an alternative with one of more than 50 other airlines.
If you prefer, you can use your 50,000 bonus AMEX Business Gold Rewards Card Membership Rewards points towards other things, but they will probably not redeem at full value. Still, you might opt to use your points with Amazon’s Pay with Points system or within the American Express Membership Rewards Mall or trading them in towards another gift card; the choice is yours. Keep in mind, though, that the value of your points is lower when you use them in this way.
All of this probably sounds quite impressive but the true benefit of this type of credit card rests in your ability to earn membership rewards points. After all, you can only redeem as many points as you can earn and the redemption value, even when maxed out, is not something you can necessarily enjoy every single day. That is why you want to be able to earn points in as many ways as possible.
Fortunately, the American Express® Business Gold Rewards Card makes it easy to earn points all year long so that you’ll have enough when you really want to cash in. For example, when you use this card to book your air travel, you will triple points. As a business owner you will also earn double points when you use this card towards things like advertising, gas, and shipping—things you need to operate your business. Of course, you will also earn a single point on the dollar towards all other purchases. Any small business can easily spend a few thousand dollars a month on travel and advertising alone and together this can quickly net as many as 6,000 Membership Rewards points. By the end of the year that could equal more than 70,000 total rewards points.
Finally, you will also appreciate that American Express will waive the $175 annual fee for the first year you carry their Business Gold Rewards Card.
Have you had any personal experience with American Express Business Gold Rewards Card?