American Express Business Solutions | Small Business | Amex (2022)

Terms & Conditions

1. Spending power

Not all purchases will be approved. Your spending power will be based on your account status.

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2. Rewards

Not all Cards are eligible to get rewards. Terms and limitations vary by Card type.

3. 5x Points on flights and prepaid hotels on AmexTravel.com

You will get one point for each dollar charged for an eligible purchase on your Business Platinum Card®from American Express. You will get 4 additional points (for a total of 5 points) for each dollar spent on eligible travel purchases. Eligible travel purchases includescheduled flightsand prepaid flight+hotel packagesmade online atAmexTravel.com, minus returns and other credits.Additionally, eligible travel purchases include prepaid hotel purchases made with American Express Travel, over the phone with our travel consultants or made online atAmexTravel.com, minus returns and other credits. Eligible travel purchases do NOT include non-prepaid hotel bookings, scheduled flights and prepaid flight+hotel packages over the phone, vacation packages, car rentals, cruise, hotel group reservations or events, ticketing service, cancellation or other fees, interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents. To be eligible for the 5x Membership Rewards®points, you must both reserve and charge the travel purchase with the same eligible Business Platinum Card®. To modify a reservation you must cancel and rebook your reservation. You can cancel and rebook your reservation onAmexTravel.comor by calling a representative ofAmexTravel.comat 1-800-297-2977. Cancellations are subject to hotel cancellation penalty policies. If hotel reservations are made or modified directly with the hotel provider, the reservation will not be eligible for this 5X Membership Rewards®point benefit. Extra points for air, prepaid hotel, and travel packages will be credited to the Membership Rewards account 10-12 weeks after final payment is made. Bonuses you may receive with your Card on other purchase categories or in connection with promotions or offers from American Express may not be combined with this benefit. The benefits associated with the Additional Card(s)you choose may be different than the benefits associated with your basic Card.To learn about the benefits associated with Additional Card(s) you choose, please call the number on the back of your Card.

Merchants are assigned codes based on what they primarily sell. We group certain merchant codes into categories that are eligible for additional points. A purchase with a merchant will not earn additional points if the merchant’s code is not included in an additional points category. You may not receive additional points if we receive inaccurate information or are otherwise unable to identify your purchase as eligible for an additional points category. For example, you may not receive additional points when: a merchant uses a third-party to sell their products or services; or a merchant uses a third-party to process or submit your transaction to us (e.g., using mobile or wireless card readers); or you choose to make a purchase using a third-party payment account or make a purchase using a mobile or digital wallet.

Please visitamericanexpress.com/rewards-infoformore information about rewards.

Terms and Conditions for the Membership Rewards® program apply. Visitmembershiprewards.com/termsfor more information. Participating partners and available rewards are subject to change without notice.

The value of Membership Rewards points varies according to how you choose to use them. To learn more, go towww.membershiprewards.com/pointsinfo.

American Express Travel Related Services Company, Inc. is acting solely as a sales agent for travel suppliers and is not responsible for the actions or inactions of such suppliers. Certain suppliers pay us commission and other incentives for reaching sales targets or other goals and may provide incentives to our travel consultants. For more information visitwww.americanexpress.com/travelterms.

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4. 4X Membership Rewards® points

How the 4X Points Benefit Works

With your American Express® Business Gold Card, you get at least one Membership Reward® point for each dollar you spend on your Card for eligible purchases. You also get 3 additional points per dollar (for a total of 4 points), on the 2 categories (of 6) where you spend the most each billing cycle, up to the first $150,000 in combined eligible purchases from these 2 categories each calendar year. Eligible purchases in excess of $150,000 in a calendar year will receive only one point per dollar spent.

Determining Your Top 2 Categories

To calculate your top 2 categories each billing cycle, we use your posted account transactions that fall into the 6 categories below and issue additional points based on your 2 highest categories of total spend less returns and credits in that same billing cycle. You will only earn 3 additional points in 2 categories each billing cycle even if you have equal spend in more than 2 categories. The 6 categories that qualify for additional points are: (1) airfare on a scheduled flight charged directly with passenger airlines (charter flights and private jet flights are excluded); (2) advertising purchased in the U.S. to promote your business online, on television, or on the radio; (3) computer hardware, software, and cloud computing purchases in the U.S. made directly from select technology providers (the current list of select technology providers is available at: americanexpress.com/rewards-info); (4) gasoline at gas stations located in the U.S. (superstores, supermarkets and warehouse clubs that sell gasoline are not considered gas stations); (5) restaurants located in the U.S. including takeout and delivery; and (6) shipping services purchased in the U.S. for courier, postal, and freight.

General Terms

Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do NOT include fees or interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents. Additional terms and restrictions apply. Merchants are assigned codes based on what they primarily sell. We group certain merchant codes into categories that are eligible for additional points. A purchase with a merchant will not earn additional points if the merchant’s code is not included in an additional points category. You may not receive additional points if we receive inaccurate information or are otherwise unable to identify your purchase as eligible for an additional points category. For example, you may not receive additional points when: a merchant uses a third-party to sell their products or services; or a merchant uses a third-party to process or submit your transaction to us (e.g., using mobile or wireless card readers); or you choose to make a purchase using a third-party payment account or make a purchase using a mobile or digital wallet. For questions about additional Points on a purchase, call the number on the back of your Card. Please visit americanexpress.com/rewards-info for more information about rewards.

5. 2% Cash Back

Cash back can be received on eligible purchases made on your Blue Business Cash Card. The cash back is based on a percentage of the eligible purchases you make during each billing period and will be automatically credited to your account as a statement credit. The statement credit will automatically appear by the second billing statement you receive after the billing statement with the eligible purchases. You will not receive a statement credit for eligible purchases made if you do not pay the minimum payment due by the Closing Date of the billing period in which it is due, or if your Card account is cancelled before the credit is issued. For each calendar year (starting January 1st and ending December 31st), you will receive a statement credit of: 2% on your first $50,000 of eligible purchases; then 1% on all other eligible purchases.

Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do NOT include fees or interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, purchases of gift cards; person-to-person payments or purchases of other cash equivalents. Additional terms and restrictions apply.

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6. Pay Over Time Option

Eligible Charges

Eligible charges made by you or any additional Card Member on your account can be paid over time. Ineligible charges and any charge that would cause your Pay Over Time balance to exceed your Pay Over Time Limit will be due in full each month. The following types of charges are ineligible for the Pay Over Time option: Cash and Express Cash, American Express® Travelers Cheques and other cash equivalents,certain insurance premiums, casinos and other gambling transactions, any fees owed to American Express except foreign transaction fees, and other transactions designated by us.

Pay Over Time Settings

Pay Over Time has two settings, On and Off. When set to On, eligible charges will be placed in your Pay Over Time balance. When set to Off, no new charges will be included in your Pay Over Time balance. You can change this setting by visiting your online account or calling the number on the back of your Card.

Interest on your Pay Over Time balance

For transactions added to your Pay Over Time balance, we will charge interest beginning on the date of each transaction. We will not charge interest on charges added to your Pay Over Time balance if you pay your account Total New Balance by the due date each month. You must pay at least the Minimum Payment Due by the Payment Due Date each month to keep your account in good standing. The Minimum Payment Due includes all Pay in Full charges, any interest accrued on your account and a portion of your Pay Over Time balance.

Pay Over Time Limit

We assign a Pay Over Time Limit to your account. Your Pay Over Time Limit is the amount you may carry as a balance. We will not place any charge into a Pay Over Time balance if it causes your Pay Over Time balance to go over your Pay Over Time Limit. Any charges that would cause the total balance to exceed your Pay Over Time Limit will be due in full. We may increase or decrease the amount of your Pay Over Time Limit and will tell you if we change that amount. Your Pay Over Time Limit may be different than the total amount you are allowed to spend on your Card.

No Pre-Set Spending Limit

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No Preset Spending Limit means your spending limit is flexible. Unlike a traditional Card with a set limit, the amount you can spend adjusts based on factors such as your purchase, payment, and credit history.

7. Expanded Buying Power

The portion of your account balance that is above your credit limit is due in full each month as part of your minimum payment due. You will not incur interest charges on the portion of your account balance that is above your credit limit so long as you pay the entire minimum payment due by the closing date of the billing period in which it is due. If you do not, then the penalty rate will apply to your entire balance, including any amount above the credit limit.

8. Rewards on Employee Cards

Terms, conditions and restrictions vary by individual Card products.

9. Spending Limits

Employee Card Spending Limits may be set up online or by calling the number on the back of your Card. The Spending Limit is not a guarantee that the Employee Card Member will be able to make purchases up to that limit. There are certain purchases where the limit does not apply, such as, for example, restaurant tips and hotel stays extended beyond their original reservation period, and the overall Account capacity is taken into consideration. You agree to pay all Charges without regard to whether any Charges exceed a limit, and you agree that we are not liable to you or any other person when a limit is not applied to any Charges and/or when Charges are incurred and billed that exceed a limit. For more information on the application of the limit, please refer to the Employee Card Spending Limits Terms and Conditions at americanexpress.com/spendlimits/terms, which will also be provided when you enroll Employee Card(s) in this feature.

10. AP Automation

Users may be required to enroll their eligible American Express Business, Corporate or Corporate Purchasing Card for virtual payments on the American Express B2B Payments Card Enrollment portal. Users must sign up with one of our participating financial software providers and are subject to their terms. Fees may apply. To learn more, please contact your American Express representative.

11. Connect to QuickBooks

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Connect to QuickBooks works with QuickBooks Online and is available for use with Business Cards from American Express. Any QuickBooks Online screen shots © Intuit Inc. All rights reserved. Intuit, the Intuit logo, QuickBooks, and the QB logo are registered trademarks of Intuit Inc.

FAQs

How often is AMEX Shop Small? ›

Every year, American Express runs a Shop Small offer giving money back for every £15 spent at small businesses. You can get money back from shops, restaurants and even places like hairdressers, galleries and dentists in the form of a statement credit.

What is the business strategy of American Express? ›

In its 2020 annual report, American Express indicated that it had focused on four strategic initiatives over the prior year: expanding its leadership in the premium consumer area, continuing to grow its commercial payments segment, improving its global integrated network, and continuing to focus on its digital ...

Who does American Express Business pull from? ›

Which Credit Bureau Does American Express Use? American Express appears to primarily pull credit reports from Experian, but this doesn't mean it doesn't occasionally pull from one or both of the other major consumer credit bureaus as well.

Does AMEX Business Platinum have a limit? ›

American Express Business Platinum card's Additional Info

$695 Annual Fee. This American Express Card has no preset spending limit, giving you purchasing power that adjusts with your use of the card. No preset spending limit does not mean unlimited spending.

How many times can you use shop small? ›

The offer can be redeemed up to 10 times total, which means that you can earn up to $50 back in statement credits. Also, the offer can be used across a variety of small businesses or repeatedly at your favorite small business. You will receive statement credits within 90 days after the offer end date.

What is American Express Shop Small? ›

Shop Small is created by American Express to help U.S. small business owners thrive by encouraging consumers to support local small businesses. Consumers simply use an American Express credit card to shop or dine at a participating Shop Small establishment nationwide, in the neighborhood or local community.

Who is the target market for American Express? ›

The majority of the customers of the company are in the age group of 25-40 years of the population in the retail segment while in the B2B (business to business) segment its customers consist of high networth individuals and companies across diversified industries.

Why is AMEX so popular? ›

Amex is so popular because it offers high-end credit cards with great rewards and luxury perks, which have become status symbols in popular culture over time.

What services does American Express provide? ›

American Express is a leading issuer of personal, small business, and corporate credit cards. The company's travel-related offerings include traveler's checks, credit cards, corporate and personal travel planning services, tour packages, and agencies for hotel and car-rental reservations.

What credit score is needed for American Express business? ›

Every AmEx business credit card requires certain basics from applicants, including strong personal credit (typically a FICO score of at least 690), as well as business revenue and liquidity (if your company is established enough to have these).

Is it hard to get a business Amex card? ›

You might worry that applying for a business credit card is difficult, but being approved for an Amex small-business card is relatively easy. You don't need to be a multimillion dollar company to be approved.

Is Amex business a hard inquiry? ›

If you choose to withdraw your application at this point, Amex won't do a hard pull on your credit report.

What income do you need for Amex Platinum? ›

While there is no set score needed, we recommend you have a credit score of at least 670, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.

Do you have to pay off Amex business every month? ›

No, you don't have to pay off all American Express card every month. Most Amex credit cards allow you to carry a balance from month to month, requiring only a monthly minimum payment to keep your account in good standing.

Is Amex platinum hard to get? ›

It will be difficult for the average person to get the American Express Platinum card because of the card's 700+ credit score and reportedly high income requirements. Another reason why the American Express Platinum card may be hard to get is because of the card's daunting $695 annual fee.

Do you have to register for AMEX Shop Small? ›

You must enroll in the offer before July 26 by logging into your American Express account and selecting the Shop Small offer listed among your Amex Offers, or by clicking the offer tab on the Amex mobile app.

Can I use the Small Business Saturday logo? ›

Use the Shop Small® logo to encourage people to support small businesses on Small Business Saturday, and all year long. This logo must be used in one of two solid colors: It should never be smaller that 3/4” for print, and 35px square for digital. Whether the logo is cropped or rotated, it must always appear with ®.

When did shop small start? ›

Celebrate summer: Shop Small!

The only question is: what took American Express so long? Small Business Saturday was first launched in 2010 to help small businesses recover from the recession. It was an immediate success, leading to the Senate passing a resolution in 2011 to recognize the shopping holiday.

What are small shops? ›

SMALL STORE means a retail or wholesale establishment that sells goods or provides services to consumers and occupies under four thousand square feet of retail or wholesale space, excluding storage space, and is not one of a chain of stores.

Is American Express growing? ›

American Express has long-term growth plan aspirations of revenue growth in excess of 10% and mid-teens EPS growth in 2024 and beyond, Squeri said on the call. The company continues to see “no significant signs of stress in our consumer base,” he said.

Why is Amex not accepted everywhere? ›

Many retailers don't accept American Express because they have their own branded credit cards they'd prefer you to use. In addition, due to a higher fee AMEX charges its retail partners (than Visa or Mastercard), many opt out of accepting an American Express credit card.

Is an Amex card prestigious? ›

Why It's One of the Most Exclusive Credit Cards: The most exclusive, prestigious credit card is without a doubt the American Express Centurion Card, otherwise known as the Amex Black Card. That's because it's the most famous.

Why do people love Amex? ›

It's known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.

Does Amex business report to Dun and Bradstreet? ›

If you're looking to build your business credit, having one or more business credit cards could help you build it, but it depends on whether or not the creditor actually reports your activity to credit bureaus. American Express only reports only negative activity to Dun & Bradstreet (D&B).

Which bank does American Express use? ›

Though the Associated Bank American Express® Premier Rewards Credit Card carries the American Express name, it's actually issued by Elan Financial Services. Why does that matter to you?

What are the advantages of American Express? ›

Enjoy Credit Card rewards

Many Credit Cards allow you to earn rewards with every purchase made on your Card. With an American Express® Rewards Card, these rewards could be anything from cashback, air miles or rewards points, which can be spent on retail and travel treats as well as other special experiences.

What income do you need for Amex Gold? ›

American Express does not disclose a specific income requirement, but it will need to be enough to make payments on the card and to afford the $250 annual fee.

Can I get an American Express card with a 600 credit score? ›

There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that's rare. Even for the American Express® Green Card, a more beginner-focused travel card, a score of 670 or higher is probably necessary.

What credit score is needed for American Express blue business card? ›

To qualify for The Blue Business® Plus Credit Card from American Express, you'll need good to excellent credit. That's generally defined as a score of 690 or better. Credit scores alone don't guanrantee approval, though. Issuers also look at your income, debts and other factors.

Does Amex business Gold have a limit? ›

The Amex Business Gold is a charge card. Unlike a more traditional credit card it doesn't have a preset credit limit. Instead, it offers the flexibility of a charge card by allowing you to purchase what you need with it as long as you pay off your balance each billing statement.

Is Amex Gold hard to get approved? ›

Yes, it is hard to get the American Express® Gold Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.

How often can you apply for Amex business? ›

Restrictions on applying for Amex business cards

You can typically be approved for at most two American Express credit cards every 90 days, though there are some inconsistencies when it comes to that.

How many inquiries is too many for Amex? ›

How Many Inquiries Is Too Many For Amex? In general, when you have 6 hard inquiries, it's too many for Amex.

Does American Express increase your credit? ›

American Express may automatically increase your credit limit as often as every six to 12 months. However, just because you haven't received an automatic increase doesn't mean you're not eligible. You should reach out to American Express to see if you qualify.

Does American Express hurt credit score? ›

Because these cards don't have a preset limit, they will not impact your credit utilization ratio (how much of your credit limit you use). But the card will still impact your credit score in other ways—including whether you pay your bill on time. This can be good news if you use a charge card for a large purchase.

Does Amex check income? ›

While American Express probably won't ask to verify your income, it's not a good idea to lie about your income on an application. In fact, providing false information on a credit card application is against federal law. Therefore, you're much better off being honest when applying for an American Express credit card.

What is the highest Amex card? ›

The highest level American Express card is the Centurion card, which is also known as the 'black card.

Why is the Amex Black card so special? ›

The Amex black card gets you free access to more than 1,400 airport lounges around the world, including Amex Centurion Lounges, Delta Sky Clubs when you're flying Delta, and Priority Pass airport lounges. You can sit back and relax on the comfortable chairs while indulging in some good food and drinks.

What happens if you don't pay Amex business in full? ›

Late Payment

For each following Closing Date that an amount past due remains unpaid, we may charge a fee of the greater of $38 or 2.99% of any past due Pay In Full amounts. Your late fee will not exceed the Amount Due or any limit established by applicable law. Paying late may also result in a penalty APR.

Does Amex platinum have to be paid in full each month? ›

In order to keep the account in good standing and keep a spotless credit score, it is always important to make payments on time every month. There are no interest charges on the Platinum account because it must be paid in full each month.

Can you carry a balance on Amex business card? ›

You can carry a balance with interest, up to your Pay Over Time Limit. Make purchases like you normally do.

How much is 150000 Amex points worth? ›

Based on TPG point valuations, the 150,000 Amex Membership Rewards points bonus is worth a staggering $3,000. While that's certainly the bonus you would hope to see appear in your CardMatch results, you might instead be targeted for a still-great 125,000-point offer with the same minimum spending requirement.

How do you get a black Amex card? ›

You'll need to pay a one-time initiation fee of $10,000 on top of a $5,000 annual fee just for the privilege of having a Black Card. Plus, adding other cardholders costs an extra $2,500 each per year. In comparison, the Platinum Card's annual fee is $695 per year for many of the same services.

How do I get my Amex Platinum fee waived? ›

Apply for the Amex financial relief program: If you're having difficulty paying your annual fee due to unforeseen financial difficulty, apply for the financial relief program online or call Amex at (866) 703-4169. You could potentially have your annual fee waived.

When did shop small start? ›

Celebrate summer: Shop Small!

The only question is: what took American Express so long? Small Business Saturday was first launched in 2010 to help small businesses recover from the recession. It was an immediate success, leading to the Senate passing a resolution in 2011 to recognize the shopping holiday.

Does dishoom take Amex? ›

What payment methods can I use? We accept Visa, Mastercard, Maestro, AMEX, SagePay, ApplePay, GooglePay and Paypal.

What happens on Small Business Saturday? ›

Small Business Saturday is an annual event that was created to encourage consumers to shop locally in person and online at small businesses. This event takes place every November and represents a significant opportunity to increase sales for small businesses during the holiday shopping season.

When did American Express Small Business Saturday start? ›

In response, American Express initiated Small Business Saturday in 2010, an event taking place on the Saturday after Thanksgiving which is designed to turn the focus on small, brick-and-mortar stores.

Can I use my credit card at a restaurant? ›

Yes, you can use a credit card for food. You can buy food with a credit card at grocery stores, restaurants, wholesale clubs, food trucks, fast food locations, and anywhere else that sells food and accepts credit card payments.

How can I get dishoom Matka? ›

If you're lucky enough to get your hands on a Matka, all you have to do is show it to a member of staff when you ask for the bill. In return, they'll bring you a dice and ask you to roll it. If you land on a six, your entire table gets their meal – including drinks – comped.

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