LONDON, 30 June 2021: Today American Express (NYSE: AXP) announced that American Express® Business Gold Cardmembers in the UK can now earn up to 50% more Membership Rewards® points when they spend £20,000 per quarter.
The increased rewards come alongside flexible benefits, new savings and discounts, and enhanced employee card controls designed to help businesses drive more value from their spend as they once again refocus on growth.
Business Gold Cardmembers can now earn an additional 10,000 Membership Rewards points in any calendar quarter with spending of £20,000 or more on business purchases. Whether it’s office goods, raw materials, digital ad spend or other business purchasing, Cardmembers can now get even more back from their routine business spending.
The Card will also work harder for Cardmembers, with more than £600 in potential savings and discounts available each year with leading brands, including £100 in credits at Dell. Recent offers have included brands such as Dropbox, Indeed and B&Q.
Other benefits that UK American Express® Business Gold Cardmembers can enjoy include:
- Rewards that give back to the business: Earn 1 Membership Rewards® point for every full £1 spent on the Card, with a welcome bonus of 20,000 bonus Membership Rewards® points when Cardmembers spend £3,000 in their first three months. Additionally, the Card is fee-free in the first year for new customers.
- Up to 54 days payment terms on purchases and no pre-set spending limits, helping businesses better manage cash flow and access more flexibility, seizing opportunities and purchasing items when they need them.
- Up to 99 complimentary supplementary cards for employees, supported by new and enhanced controls that give business owners the ability to easily amend, freeze or set spend limits on employee cards via the American Express website or app.
Evan Lubeck, VP Commercial Products at American Express, said: “We know that UK business owners are passionate about their businesses. We want our products to work just as hard for them, so we’ve evolved the Business Gold Card to offer more rewards than ever. The new Card unlocks more rewards as customers consolidate spending on all kinds of business purchases, and offers them the power to easily manage employee spending at their fingertips. Our new benefits aim to help businesses thrive, as people are once again feeling more confident about the economic outlook.”
A recent business survey from American Express – the Global Business Spend Indicator by American Express* – found that after a bumpy 2020, business spending levels are set to grow in the UK. When the survey responses are applied to broader macroeconomic data B2B spend in Q2 2021 could be estimated to increase by nearly £5 billion in the UK alone, compared to the same time last year.
More confident spending plans are also bolstered by a return to optimism, with 70% of UK businesses surveyed saying they feel positive about their prospects over the coming 12 months.
The Business Gold Card also offers business owners additional ease and simplicity. Integration with platforms like Xero and Intuit means they can manage accounts in real time, benefiting from easier reconciliation and administration. All this also comes with the powerful backing of American Express’ world-renowned service.
The American Express® Business Gold Card comes with an annual fee of £175, waived in the first year for new Cardmembers. It’s backed by American Express’ advanced safety and security systems, 24/7 day or night help with Global Assist®, emergency card replacements and 90 day purchase and refund protection. All of which means business users can spend with confidence.
Membership Rewards points can be reinvested back in the business in a number of ways, from rewarding staff, redeemed towards essential purchases or for when business travel starts to return. Cardmembers can also redeem points for a statement credit, to help boost their bottom line.
To find out more about the enhanced Business Gold Card and to explore the full range of benefits search Amex Business Gold.
*GLOBAL BUSINESS SPEND INDICATOR BY AMERICAN EXPRESS. METHODOLOGY
GBSI research was conducted by Opinium research between 18th March and 12th April 2021. The sample comprised of 537 senior decision makers in the UK with responsibility over at least three categories of expenditure. At a 95% confidence level, this equates to a 4% margin of error.
Sole traders, micro businesses (with 1-9 employees), small businesses (with 10-49 employees), medium-sized businesses (with 50-249 employees), and large businesses (with 250+ employees) were surveyed to provide a holistic insight into the diversity of perspectives and experiences that exist within the business population.
B2B spend categories include: raw or processed materials; capital investments and operating expenditure; technology; building, construction, maintenance and installation; finished goods; advertising, sales and marketing; business and professional services; utilities; financial services. Broader business spend categories include: taxes and licensing; travel, entertainment and expenses; people/workforce