American Express

New Amex BGR Card Tomorrow: Save $295 Today

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Doctor of Credit reports that changes are coming to The Business Gold Rewards Card from American Express.

While they say they aren’t sure there isn’t more coming than they know (and I really hope there is more to this)  they are reporting a restructuring to the bonus categories as the biggest change.

Now, instead of picking one category for 3x and getting 2x on the other 4 categories, you’ll earn 4x on your top two categories and 1x on the other 3 categories.

Those categories remain:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media
  • U.S. purchases at gas stations
  • U.S. purchases for shipping
  • U.S. computer hardware, software, and cloud computing purchases made directly from select providers

I do see this as an improvement because, anecdotally, I think more people have a couple of business categories they spend a ton on and then little to none on others.  You may run a fleet of trucks and spend a ton on gas and shipping, but nothing on advertising or airfare, for example. This is said to be capped at $150,000 in bonus spending.

The card will also now offer a 25% rebate on airline tickets paid for with points, meaning you could spend 100,000 points for a $1,000 ticket and get 25,000 rebated back. That’s less exciting, especially when the Platinum card has a 35% rebate and even that only equals a 1.5% yield on points.

Very notably, the fee is said to be increasing from $175, waived the first year to $295 and no fee waiver. This is significant.

I think that for some people, the 4x earning will more than pay for the increased annual fee but for *many* people, that fee will be too much to overcome with bonus spend. I’d suggest you use the worksheet I created to help you decide. That worksheet is here.

Now, regarding that annual fee and the welcome bonus offers….

Currently the public offer for the The Business Gold Rewards Card from American Express (more info) is 50,000 bonus points when you spend  $5,000 in 3 months. The $175 annual fee is waived the first year. And this offer WILL GO AWAY TONIGHT. 

That would be a solid strategy to get the new card benefits at a savings of $295 in your first year.

Additionally, if you have another Amex card, you can refer yourself and collect both bonuses. If you have a Platinum card that gives 15k referral bonuses, you could net out with 65,000 bonus points for this card.

The last option is one I have read about but do not have experience with. Some people have reported calling American Express and being offered an offer for 75,000 bonus points when they spend $10,000 in 3 months. If you can handle the extra minimum spend, that may be worth a shot.

Above, I said that I would like to see more.

I think that for a $295 fee, 4x on two categories leaves something to be desired. That said, we won’t see the launch happen until tomorrow and so there may well be more then. Unfortunately by the time this launch happens, it will be too late to get in on it without the first year’s annual fee. Given that the same thing happened with the consumer Gold Card relaunch (going from a first year fee waiver to not having one), we know how this pays out.

Will you get this card now? (Compare to other Business cards here) Or wait?

Let me know here, on Twitter, or in the private MilesTalk Facebook group.

New to all of this? My new “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available now.