When aspiring to choose the right Amex card for your business, it’s right for you to quickly get confused based on the varieties of option available to choose. The question on your mind will be what the best pick is among all? Which card offers a massive bonus with a fast transaction service? What about their charges, do they offer low APR?
All these questions can be overwhelming, even to the extent of you being confused in the process while thinking of the right answer. Below is a complete comparison of all the Amex credit cards, which allow you to make the right decision when choosing a credit card.
American Express gold reward card
The American gold rewards card comes with a massive amount of benefits for business owners. The gold card rewards are generated from all of the purchases made. Depending on the spending value made through the gold card, you are entitled to earn points based on the spend value. All of these points can be redeemed as money when making payment. There’s no limitation on how to use your rewards points because what matters is the rewarded point value.
- Sign up
Whenever you decide to sign up for the gold rewards card, you will be entitled to a membership reward of up to 35,000 after spending a minimum of $5,000 from the new card within the time frame of the first three months after signing up.
How does the reward points work?
Once you chose the gold credit card and signed up for it, you will be able to earn a specific amount of reward points depending on what you spend from your card. The reward points you gained can also be swapped in place of money (redeemed) when making purchases like buying products from supermarkets and restaurants. There’s no limit to points you can spend, once you have enough point value to cover your expenses.
What do you need to know about the reward program?
The American gold rewards cards give you access to massive rewards in the form of points. Even as at that, the benefits generated from the spending through the credit card are quite substantial. Their reward program is unique compared to other types of credit cards. Business owners using the American gold rewards cards can easily choose where they want to spend their money, thereby earning through rewards in the process.
The American gold rewards card gives rewards based on what you can spend. Here’s a complete detail of what you can earn from your spend;
A spend of $1 will generate 4 points for you up to a whooping of $150,000 from all your purchases. Whether you purchased from the airlines, gas station, shipping, or print media, you are entitled to a point equivalent to your spending. The rewards the American gold cards is unmatchable by other types of credit cards.
Charges associated with the American gold rewards card
Before migrating to the use of any credit card, what you have to evaluate is the charges and fees that you will be paying. With the American gold rewards card charges you a total cost of $295 annually. It’s quite a significant amount, but when considered the benefits associated with the use of the gold credit card, you can easily take the offer. In the future, you might even make it through the 4x bonus offer, which will easily cover all of the annual fees.
Why choose the American gold rewards card?
If you are the type of person that always likes to go with something that will still generate a reward for you, then the American gold rewards card might be your only option taking massive bonuses. They allow you to customize the reward option based on the category that you often spend your money on, unlike other card types. Even if it doesn’t generate many rewards when making purchases during travel. You can earn the bonus you are looking for when paying off your shipping expenses.
2. American express platinum card
The platinum card also gives its users exciting rewards based on points like the gold rewards card but with different types of premium benefits. The platinum card is an excellent choice for a business owner who always likes to travel around because they can benefit a lot through travel expenses.
Sign up bonus
Just as the gold rewards card grants you a sign up offer, the platinum card gives you the offer of earning up to 40,000 rewards points when you spend a minimum amount of $5,000 from the card within the time frame of 3 months after signing up for the card.
The rewards of the platinum card are based on the point system where you receive points based on your spending value after you can quickly redeem the points during purchase. The more you travel, the more you earn with the platinum card.
Here’s a complete detail of what you can earn from your spending;
A spend of $1 will generate 2 points for you of purchase concerning your travel expenses while you will only receive 1 point on purchases made on anything else.
Whether you purchased from the airlines, gas station, shipping, travel, retail shops, or print media, you are entitled to a point equivalent to your spending. The rewards the American gold cards is unmatchable by other types of credit cards. When you compare the reward points with your expense, you can see that you are getting a pretty good deal because you can also receive a 30% airline bonus, which can be redeemed through the travel program.
Before migrating to the use of any credit card, what you have to evaluate is the charges and costs that you will be paying. With the American platinum card charges you a total fee of $595 annually. It’s quite a significant amount, but when considered the benefits associated with the use of the platinum card, you can easily take the offer. You can get massive offers with platinum cards such as;
- Eligible for Airline fee credit, which will grant you access to receiving up to $200 bonus.
- Get the global entry fee credit of $100 that you will receive after every five years.
- Airports lounge access for more than 700 airports without paying more than the $399 for membership and more.
Why choose American platinum card?
If you are the type of person that always likes to go with something that will still generate a reward for you, then the American platinum card might be your only option taking massive bonuses. Even if it doesn’t create much compensation when making purchases on other things except travel. It will still be beneficial to you if you are a business owner that likes to travel around.
3. American express plum card
The American express plum card is a credit card that gives users a benefiting reward which differs entirely from the American gold and platinum cards. They do not grant their users membership points, unlike other card types, and they give them access to cashback offers base on their total spending.
The cashback off from the plum card is extremely important for business owners in making purchases of sales products. Once you spend from your credit card, you will get a cask back offer of a specific value. You won’t have to suffer the stress of redeeming points, unlike other card types, because all of your cash backs are automatically credited on your card directly.
Sign up bonus
Once you sign up with the American express plum card, you will get a welcome bonus, which you can use to earn a maximum of $750. The condition behind this offer is, when you sign up, they will issue you a credit of $250 whenever you spend a total of $10,000 up to $30,000 from your plum card within three months signing up.
There’s no reason to look for another bonus offer other than the plum card cashback bonus, which will be automatically credited on your account as you spend your money on making purchases.
Here’s how the plum card reward works;
You will get a 1.5% cashback on all purchases to make a payment earlier than you scheduled. For example, when you spend an average of 8,000 on your business expenses, you will be eligible for getting a cashback of $120 from your spending with no limitation on what you can get.
Before migrating to the use of any credit card, what you have to evaluate is the charges and costs that you will be paying. With the American plum card, you will get a zero change fee for the first year after signing up after, then they will charge you a total cost of $250 annually. It’s quite a significant amount, but when considered the benefits associated with the use of the platinum card, you can easily take the offer. You can get massive offers with the plum cards. You can easily cover the charges depending on your business spending value.
Why choose American platinum card?
If you are a business owner that always spends a lot of money on expenses, then getting a plum card with benefit your business growth with cashback. The 1.5% cashback offer does everything well for you without the need stressing yourself to redeem rewards because it’s automatically credited on your card.
The plum card gives you a 60 days grace of paying your bills other than the average 25 days without attracting any interest fee. All you have to do is pay ten percent of the initial cost first to qualify for an extended period.