American Express Canada Business Gold 40,000 Points Signup Offer!

American Express Membership Rewards are among the useful as a Canadian, because they have the flexibility to transfer to both Aeroplan and Avios. Today, they’ve just positively changed the offer on the American Express Business Gold Rewards Card.

The offer is now 40,000 points, with a waived first year annual fee. This is AMAZING! 

This is the first 40,000 points offer I’ve EVER SEEN with no ANNUAL FEE. THIS IS BASICALLY THE BEST HISTORIC OFFER I’VE EVER SEEN FOR A NO FEE CARD. WOW.

American Express Business Gold Rewards Card

American Express Business Gold Rewards Card

Along with the Platinum Card, which offers 60,000 points, as well as the personal Gold Rewards Card, which offers 25,000 points as signup bonuses, American Express has one of the most lucrative offers at this point. Currently, the public offer is a 30,000 points, but through my link, you can receive 40,000 miles.

There are a few major points that are worth noting.

40,000 miles American Express Business Gold Signup Bonus

THIS. IS. HUGE. Membership Rewards are extremely flexible, and can be transferred at a 1:1 ratio to Avios or Aeroplan. That means, at the very least after the spending, you’re getting 45,000 of those for free. You can also redeem for a TripFlex credit, which is that great of a deal but is still free. In my opinion, the signup offer is worth at the very least $675, because I would value Aeroplan/Avios at 1.5 cents apiece.

$5000 Minimum Spending to Unlock Signup Bonus

To earn the 40,000 points signup bonus, you have to charge a minimum of $5,000 within the first three months to unlock the 40,000 points from the signup bonus. This might be a bit steep compared to previous offers, but I’m sure that most people should have at least $1666 of chargeable expenses a month. So if they just shift all their spend to this card, then it shouldn’t be too hard. Alternatively,you can float $5000 through a few months by buying something refundable or gift cards for later use. I personally don’t see the minimum spend as a big issue. If it is for you, please let me know.

Small Business Credit Card Application Requirements

This American Express Business Gold Rewards card is intended for small businesses owners. That’s what American Express says.

Who Should Apply?

Who Should Apply?

However, anecdotally, I’ve heard that American Express isn’t as strict with this card as say TD, who requires Articles of Incorporation and Master Business License, among other things.

TD Requirements for Small Business Credit Card

TD Requirements for Small Business Credit Card

You might be able (no guarantees) to get the card based on existing businesses you run or perhaps even things you do on the side that you might not consider a business – the one that comes to mind right now is an Ebay seller or other online seller.

The application from what I’ve seen still asks for your Social Insurance Number, as well as your personal income, so it may be possible that American Express can be evaluating you personally while also looking at your business. I will be applying for this card soon, so I’ll write a followup post on what they’re looking for.

View From the Wing write about why you should get a small business credit card.

Conclusion

Even though it’s an amazing offer, I think it’s worth considering the several points I’ve just talked about. However, having said that, it is an AMAZING OFFER! Let me know if you have any additional questions in the comments.

Here are the official marketing bullets for the card:

  • Earn 1 point for every $1 in purchases charged to the Card. Plus, you can earn 1 extra point for every $1 in eligible purchases charged to the Card at 3 suppliers you pick from a list of select American Express merchants in Canada. You can earn up to a maximum of 250,000 extra points in each calendar year.
  • Earn 40,000 welcome points by making $5,000 in purchases in your first 3 months of Cardmembership.
  • Transfer your points, at no charge, to many frequent flyer and other loyalty programs including 1:1 to Aeroplan and Avios.
  • Maximize your cash flow with up to 55 interest-free days.
  • Expense Management Reports. Quarterly and annual reporting that makes record keeping, expense tracking and tax preparation easier.
  • Offset Business Expenses with PointFlex for BusinessTM.
  • Offset Trip Expenses with TripFlexTM rewards.
  • $250 Annual Fee First Year Annual Fee WAIVED which may be a tax deductible expense (30% annual interest rate applies to balances not paid in full).

Application Link: American Express Business Gold Rewards Card

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Pingbacks

  1. […] A great way to boost your Aeroplan balance if you’re Canadian is the American Express Business Gold Rewards Card offers a limited-time bonus of 40,000 miles, and the first year annual fee waived. AMEX Membership Rewards transfer at a 1:1 ratio to Aeroplan, so it’s actually a bit ironic that one credit card application will probably get you more miles than all the flying you will do in an year, unless you’re a top-tier status member. I wrote about the complete details of the offer in this post. […]

  2. […] At all other levels, the bonus is only 20%. Most hotel partners as well as some other partners are included, with the exception of the Canadian and American version of the American Express Program. Even though AMEX points don’t qualify in this transfer bonus, a great way to boost your Aeroplan balance if you’re Canadian is the American Express Business Gold Rewards Card. It offers a limited-time bonus of 40,000 miles, and the first year annual fee waived. AMEX Membership Rewards transfer at a 1:1 ratio to Aeroplan. Fulfilling the spend will get you 45,000 miles, which is enough to get you a one-way business class ticket to Europe. I wrote about the complete details of the offer in this post. […]

  3. […] Aeroplan, until April 27th, is running a transfer bonus promotion. Historically, these run twice a year, with the last two being in November 2014 and May 2014. The bonus is for miles and points from other programs transferred into the Aeroplan program. Unfortunately, American Express points such as those you can earn from the American Express Business Gold Rewards Card, which offers a huge 40,000 point signup bonus, is excluded from the promotion. See the complete details of the American Express offer in this post. […]

Comments

  1. For those who are wanting to use this as a business card for travel expenses – FYI note: the points are ONLY 1/$1, there is no 2/$1 bonus for hotels, restaurants, car rentals, flights, and gas stations like there is with the regular gold card. I wasn’t paying attention when I got my current business AMEX and it actually hurt a bit when I was trying to hit my minimum spend (my other card is a Visa that does give 2/$1).

    • This is definitely a special and limited-time offer, so once AMEX has met it’s target, the offer will go back down to it’s original lower value. I’d definitely like to see more deals of this nature although I can’t predict the future, ha! 😉

  2. Hi Jeff, I currently have the personal Amex Gold, I also don’t run a business, in your opinion should I try? Or perhaps first cancel my personal Amex Gold.

    • Hi Pedro,

      Business credit cards are separate products from personal cards. So you could hold both the American Express Personal Gold Card and the Business Gold Card simultaneously. I personally wouldn’t cancel the personal Gold unless the annual fee is going up. As I mentioned in the post, you can get a small business card even if you don’t technically have a business. To my knowledge, AMEX can use your personal credit when deciding whether to approve you for the biz card, so you should be able to get it if you have decent personal credit. A valid reason for getting a small business card is even if you’re thinking of starting a business, or earn other sources of income if own property, sell things online, or have other similar streams of income. I think it’s a great offer, so you definitely should try getting the card.

  3. I’ll be leaving the country in a few weeks, and moving to the states when I return, so I cant think of any possible way to spend given the lack of ms opportunities. W first year free, I may as well get it, but if you have any suggestions for moving the 5gs, it would be greatly appreciated

  4. Just curious, I had AMEX Personal Gold and self referred to AMEX Small Business Plat. All is great, got my self referral MR on my Gold Card account. Now, when activating my new AMEX Small Business Platinum, can I log in under my same account and have the two cards under the same log in? Or should I create a new log in when I go to activate the card? I just don’t want to miss out on the new sign up bonus. Thanks!

  5. Hi, sorry a bit late here. Thanks fro the article, still very useful years past… Any idea when AMEX is cutting the Bus GOLD FYF offer?

    Cheers!

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