Once you've established your business, your next focus is probably on business growth and how to take your company to the next level.
Planning for business growth can be overwhelming. There are, however, quite a few ways to scaffold business growth by improving profitability, effectively managing expenses and managing cash flow in times of need or to take advantage of opportunities.
The metal American Express® Business Gold Card can help support your business growth through a broad range of benefits that can help you get the most for your money as you grow your business.
Let's explore a few of the benefits your business can gain from the Business Gold Card.
Earn More Rewards: 4X Membership Rewards® Points Where You Spend the Most
Reducing your business expenses can help boost your bottom line. One way to do this is to take advantage of the benefits that come from using points. Membership Rewards® points can be redeemed for retail partner gift cards, booking travel with online partners and more. To that end, consider taking advantage of the four points per dollar that the Business Gold Card offers in the 2 categories where your business spends the most each billing cycle from the list below, plus earn 1X on other purchases.
- Airfare purchased directly from airlines
- U.S. purchases for advertising in select media (online, TV, radio)
- U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
- U.S. purchases at gas stations
- U.S. purchases at restaurants
- U.S. purchases for shipping
Terms and Limitations apply.
4X points applies to the first $150,000 in combined purchases from these 2 categories each calendar year Then earn 1 point per dollar.
The Business Gold Card makes it easier to earn rewards because there is no limit to the points you can earn. It gets even better: the rewards adapt to your spending. You don't have to pick the two areas where you spend the most: American Express automatically adjusts it for you.
Maximizing the rewards you earn on all your business spending, managing cash flow efficiently and saving time and money with handy expense management tools all ultimately translate into more cash to seamlessly support your business growth.
What's more, the categories change monthly to align with your actual spending, so you don't have to be stuck with the same category for the entire year. This flexibility helps you reap the maximum benefit from your rewards. You can earn points when you consider the broad range of categories geared toward business expenses (terms apply).
Get More Out of Your Business Travel with Airline Rewards
In addition to earning quadruple points on your business spending, you also get a 25 percent airline bonus.
When you use the Membership Rewards® Pay with Points feature, you get 25 percent of those points back if you book your flight with American Express Travel. You can get points back when booking an Economy flight with your selected qualifying airline or First or Business class flight on any airline with Amex Travel. You can get up to 250,000 points back per calendar year.
Enjoy Flexible Cash Flow Solutions to Help with Your Business Growth
The Business Gold Card also offers some flexible cash-flow solutions that can help you as you grow your business. Positive cash flow is critical for business growth. Ready access to funds is vital when you want to take advantage of an opportunity that presents itself. Another crucial aspect of positive cash flow is that it allows access to funds in times of need.
So how does the Business Gold Card help in this regard? Two ways:
1. Pay Over Time
Purchases under $100 on the Business Gold Card are due in full each month. However, for eligible purchases of $100 or more, the Business Gold Card has a Pay Over Time option that allows your business to carry a balance with interest.
Pay Over Time is designed for you to take advantage of opportunities as they arise such as purchasing inventory in bulk or investing in equipment. You can choose to pay the full balance, or you pay for these purchases over time with interest (up to the amount of your Pay Over Time limit on your card), leaving you with the latitude to do whatever works best for your business.
2. No Preset Spending Limit
What's more, the Business Gold Card has no preset spending limit. No preset spending limit does not mean unlimited spending. Purchasing power adjusts with your use of the Card, your payment history, credit record and financial resources known to American Express and other factors.
Save Time with Expense Management Tools
As a successful and productive business person, your time is valuable. In this time-starved era, you naturally want to be efficient and stay organized while saving time. The Business Gold Card offers expense management tools to help you to do just that:
- Connect to Quickbooks®: Enroll to connect your American Express online statements directly into your Quickbooks account. This feature allows you to label and transfer data without wasting time inputting information.
- Spend ManagerSM: This is a tool that helps you manage the expenses on your Business Gold Card by making it easy for you to add receipts and notes to your transactions either via desktop or any mobile device.
- Year-End Summary: Organizing your expenses doesn't have to be a time-consuming task. You can manage your account online with the Business Gold Card Year-End Summary of Charges.
Other time-saving and organizing benefits of the Business Gold Card include the ability to add additional Employee Cards. You can stay on top of their expenses with spending limits, alerts and summary reports. Maximizing the rewards you earn on all your business spending, managing cash flow efficiently and saving time and money with handy expense management tools all ultimately translate into more cash to seamlessly support your business growth. And that gives you the peace of mind to focus on the continued success of your business to its next stages.
Photo: Getty Images