For a small business owner a powerful, flexible business charge card like the Business Gold Rewards Card from AmEx Open can be an essential tool to support and grow your small business. A charge card, unlike a credit card requires the balance due to be paid in full rather than carrying a monthly balance owed. Oftentimes when there may be a paucity of cash on hand or a large inventory to finance, a business charge card like the Business Gold Rewards Card from AmEx Open allows you to have a charge card with the flexibility of having no pre-set limit to pay outstanding bills, salaries and expenses. Another benefit of a business charge card is that it can help to keep personal finances separate from business expenses especially for tax purposes.
Benefits of the Business Gold Rewards Card from AmEx Open – The Business Gold Rewards Card from AmEx OPEN has a $0-annual fee for the first year and then a yearly fee of $175. This card has a customizable rewards program and no preset spending limit which allows a small business the ability to spend more when needed then would be possible with a traditional credit card with a fixed limit. This is extremely useful when operating expenses suddenly increase like with an unexpected large order. Another added benefit of the Business Gold Rewards Card from AmEx OPEN is that 50,000 membership rewards points can be earned after spending $5000 in purchases on the card within the first 3 months of card membership. Other benefits include access to American Express Preferred Seating Benefits which is also available on higher end AmEx cards.
Qualifications for the Business Gold Rewards Card from AmEx OPEN – In order to qualify for the Business Gold Rewards Card from AmEx OPEN, applicants should have a credit score of at least 700. Credit requirements can be less stringent than for other AmEx credit cards and an applicant running a small business can be approved even if business income at the time is still very low. Other credit worthiness factors such as credit limits across accounts and credit utilization are considered as is number of current credit card applications and other AmEx cards in use.
For small business owners with good credit (700+) looking for a flexible business charge card to pay for periodic large expenses, the Business Gold Rewards Card from Amex OPEN provides a perfect solution. With a 0% annual fee for the first year and no pre- set spending limit, this card also has a unique spending bonus program whereby the cardholder has the option to pick rewards categories where points are earned for every dollar spent on the card. Additionally, 50,000 membership rewards points can be earned after spending $5000 in purchases on the card with the first 3 months of membership. Another benefit of being an American Express cardholder is access to American Express Preferred Seating Benefits. Finally, as additional benefits of using the Business Gold Rewards Card from AmEx OPEN, airfare can be purchased directly with discounts from US airlines and discounts are also available at Gas Stations and for US shipping purchases.