American Express Business Gold Card Review & Calculator: Worth $375? (2025 Update)

In 2025, the American Express® Business Gold Card is more powerful than ever — but it also comes with a higher annual fee. If you’re wondering whether the new credits and earning rates justify the cost, this calculator breaks it down for you. We’ll cover the 4X categories, the new 3X travel multiplier, what the credits are actually worth, and how much spend you need to make it worth keeping long term.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.  Rates & fees.

American Express® Business Gold Card Calculator

Ask Sebby crunches the numbers for you to calculate the Expected Value of the American Express® Business Gold Card. For the expected value of points, we derive the approximate dollar value based on the numbers you enter in the calculator. Scroll down to the end of the post to see our methodology.  

The calculator below contains default figures and serve as an example only. Users should insert their own data for the most accurate results.

American Express® Business Gold Card Welcome Offer 

American Express has a “once in a lifetime” welcome offer rule. To qualify for this offer, you must not currently have the card and/or have received a previous American Express® Business Gold Card welcome offer.

You may not be eligible to receive a welcome offer if you have or have had this Card or previous versions of these Cards.

If you attempt to apply and you are greeted with a pop-up that says you aren’t eligible for the welcome offer, then you will not receive one.

How We Calculate Amex Business Gold Card Value

The results from the above calculator are based on your ability to reach the minimum spend requirement to earn the welcome offer, your amount of spend on different categories, how you plan to redeem American Express Membership Rewards, and how much relative value you assign to the other benefits.  

The “Years” referenced in the calculator refer to the cardmember year, based on when you are approved for the card.

• Year 1 = first 12 months of card membership
• Year 2 = the following 12 months afterward

American Express® Business Gold Card: FAQs

Who Should Consider the Amex Business Gold in 2025?

If you’re a business owner who spends heavily in categories like U.S. advertising in select media (online, TV, radio),  U.S. electronics good retailers and software & cloud system providers, U.S. restaurants, U.S. gas stations, Transit, U.S. wireless phone service bills paid directly to the carrier, the 4X categories can offer significant value — especially when paired with the 3X points multiplier on flights and pre-paid hotels booked on AmexTravel.com.

You’ll want to run your numbers in the calculator above to see if you get positive expected value.