The Gold Card from American Express OPEN (SM)

Business ownership has become more rewarding Earn up to 40,000 bonus points in your first year - enough for one domestic round-trip airline ticket plus other business supplies Points have no expiration date No limit to the number of Membership Rewards® points you can earn No annual fee for the first year - a savings of $125 No pre-set spending limit* and no finance charges Save 3-25% on business purchases at companies like FedEX®, Delta®, Hertz®, and more Automatic Complimentary enrollment in the Membership Rewards® program Redeem points for top-tier rewards including travel, merchandise, office equipment, and gift cards for you or your employees CLICK HERE TO APPLY ONLINE *See Terms & Conditions

Intro APR Intro Period Regular APR Annual Fee Balance Transfer Credit Needed N/A* N/A* N/A* No annual fee 1st year; then $125* N/A* Good Credit*

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Review: The Gold Card from American Express OPEN (SM)

Type of credit needed: Good Credit

Type of card: Business/Rewards

Issued by: American Express™

Overview: The The Gold Card from American Express OPEN (SM) offers business owners the chance to enrol in the Membership Rewards Program at no additional cost. Points are earned on every purchase, and there are no limits or expiration dates. Bonus points are also awarded for the first purchase and when certain spending levels are met. They can be transferred to many frequent flyer programs, or used towards a variety of purchases, such as hotel stays, cruises, and spa visits. Cardholders can also get preferred access to Gold Card Events, which could include concerts and shows. Although the fees are waived during the first year, the annual fees for the primary card and any additional ones issued are quite high. There is no pre-set spending limit for the card, and it can vary based on factors like the cardholder’s payment history. Cardholders should also be prepared to pay off their balance each month.

Pro and cons of the card:

Pros:

• No annual fee for the first year
• Enrol in the Membership Rewards Program at no additional cost
• Earn points for every purchase
• Bonus points for first card purchase
• Bonus points when certain spending levels are met
• No limits on point earnings
• Points never expire
• Redeem points towards hotel stays, cruises, and other purchases
• Points can be transferred to frequent flyer programs
• Avoid accumulating credit card debt by paying the balance off each month
• No pre-set spending limit
• Priority access to Gold Card Events
• Standard American Express perks like online account access

Cons:

• Spending limit can fluctuate
• High annual fees after the first year
• Balance must be paid off in full each month

Excellent Credit 750-850 Good Credit 660-749 Fair Credit 620-659 Bad/Poor Credit 350-619 No Credit 0-0 Do You Know Your Credit Score? Find Out Now!

A credit score is a number generally between 300-850, based on a statistical analysis of a person's credit files. This score represents the credit worthiness of a person. A credit score is assigned to each individual, to rate how risky a borrower he or she is--the higher the score, the less risk the individual poses to creditors. In most cases, your credit score will determine whether you will be approved for a credit card.

1. Credit Scores range from 300-850, the higher the better 2. Most lenders base approval on your credit score. 3. Higher Scores mean lower payments and better deals. 4. Higher Scores mean Lower interest rates. 5. Scores are determined by 5 main categories: Payment History Amounts Owed Length of Credit History Type of Credit Used New Credit

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* See the online Open.com/applybgr (www.open.com/applybgr) credit card application for details about terms and conditions and offers.