The card of the month for January 2018 is the American Express Business Gold Rewards Credit Card. In the card of the month series, we usually highlight a card that has an increased signup bonus or an offer that's too good to refuse.
We've talked about the Amex Business Gold Rewards card before, but this time we're not focusing on the signup bonus. The card has an interesting special offer: $1,500 in G Suite by Google Cloud credits.
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Before we dive in, let's go through the basics of the card:
American Express Business Gold Rewards Credit Card
- Annual fee: $175, waived the first year
- Signup bonus: 50,000 MR points
- Earn statement credits for 3 months of G Suite by Google Cloud, up to $1,500
- Choose one 3x point category
- Airfare purchased directly from airlines
- U.S. purchases for advertising in select media
- U.S. purchases for shipping
- U.S. purchases at gas stations
- U.S. computer hardware, software, and cloud computing purchases made directly from select providers
- Earn 2x on the remaining four categories
- Earn 1x on everything else
Important note: 3X and 2X apply to the first $100,000 in purchases in each of the 5 categories per year, 1X point per dollar thereafter.
Earn up to $1,500 in Statement Credits for G Suite by Google Cloud
"Sign up for G Suite by Google Cloud and get Gmail, Docs, Drive, and Calendar for business. Earn dollar-for-dollar statement credits for purchases of G Suite on your Card during your first 3 months of Card Membership up to $1,500 total."
On the surface, it might not sound like a good offer, but if you're someone who uses G Suite for email or Cloud services, this is valuable.
One of the main reasons why I use my own domain for emails is that I can spin up multiple emails to keep them organized. I usually have different emails for promotional emails, receipts, and business inquiries.
G Suite Email costs $5/month, and it adds up quickly (I've been paying $5/month for 5+ years).
How to use the $1,500 G Suite Credits
$1,500 in spending may seem like a lot to spend in 3 months, but you can apply the whole credit by prepaying your G Suite bill. The minimum amount is $10, and there doesn't seem to be a maximum amount.
Worst case, if you're a sole proprietor, you'll receive 25 years ($5/month = $60/year) of G Suite email (1 user) for free. Inflation might play a role down the line if Google increases the price down the line, but it's most likely at least 10+ years of G Suite email.
The process of prepaying for G Suite is straightforward:
- Login to your G Suite admin dashboard
- Click "Billing"
- Enter the amount you would like to pay
- Make payment
I think the card is worth getting, especially if you're a daily user of G Suites. If you don't get positive expected value after Year 1, you can always close the card.
The American Express Business Gold Rewards card has a 50,000 point signup bonus that can be valued at up to 2 cents per point.
50,000 MR points for $5,000 minimum spend
- Statement credit = 0.6 CPP = $300 value (6% ROS)
- Schwab transfer = 1.25 CPP = $625 value (12.5% ROS)
- Transfer partners = 2 CPP = $1,000 (20% ROS)