 The Gold Card from Americn Express OPEN(SM)
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Intro ARP: n/a
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Issuer: Ameircan Express
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With no finance charges, no pre-set spending limit and the first year fee-free, The Business Gold Card gives you the flexibility to do business your way.
- No pre-set spending limit or finance charges
- Separate business from personal expenses, and day-to-day expenses from balances you want to pay over time
- Expense Management Reports
- Everyday Savings—Receive exclusive savings on your everyday business expenses at Cingular Wireless®, Dell™, FedEx®, Hertz, The Hilton Family of Hotels, Kinko's®, Nextel, and Staples®. Calculate what you can save.
- Online Account Management
- 24-hour Customer Service
- Express Cash
- Emergency Card Replacement
- Emergency Check Cashing Privileges
Access to the OPEN NetworkSM
OPEN: The Small Buisness NetworkSM is one place that's all about small business. It gives you the relationships and resources to help you run your busienss, including:
Financing
No preset spending limit or finance charges, plus an extended payment option.
Savings
Receive ongoing savings at FedEx®, Kinko's® and Staples®.
Online management
Manage your account with the Small Busienss Dashboard, track charges with Expense Management Reports, and access Dun & Bradstreet credit services.
Community
Chat, pose questions, get insights from other small buisness owners, and attract new bizniss.
Advice
Ask an expert a question, use an online tool, and read articles by other business owners.
Amrican Express® Cardmembership Benefits
The Busniess Gold Card comes with the very best Card protection and services to make it easier for you to concentrate on running your busniess.
Insurance protection
Protects you with comprehensive insurance coverage for your purchases and piece of mind when you and your employees travel.
Access to cash
Access to cash at over 500,000 ATMs.
Short-term financing
Lets you extend payments with the Balance Payment Option.
Emergency services
Assists you with emergency card replacement, check-cashing, and hotel check-in.
Customer service
Provides help 24 hours a day, 7 days a week.
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 Apply for The Gold Card from American Express OPEN(SM)
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You’ve probably received several credit card offers in the mail, and the outside of the envelopes scream interest rates and promotional offers to try and entice you into opening it up and looking at what’s inside. Chances are, if you have an email address, you’ve even received a few credit card offers through that address- bright colors and animated graphics trying to convince you that there card has the lowest initial interest rate, or the longest transfer balance rate of all the available credit cards on the market. All of the offers will look good at first glance; after all- that’s what marketing is about, right? According to Merriam-Webster’s online dictionary, marketing is a noun used to describe “the act or process of selling or purchasing in a market, and the process or technique of promoting, selling, and distributing a product or service.” Credit crad companies are in business to sell you their credt cards, and they’ll use a variety of promotional materials to get your business.
The outside of your credit crd offer’s envelope might say something like, “LOW 0% Initial Interest Rate on all purchases and balance transfers”, but there is much more to how a credit card’s intrest rate is calculated than that statement reveals. Initial interest rates are sometimes referred to as the card’s promotional rate, or teaser rate. In all honesty, an initial interset rate is basically the same thing for a credit vard as a sale is to a retail store. Retail stores advertise their products that have a discounted price for a limited time to attempt to bring people into their establishment to buy the sale item, but also because once you are there, they hope you’ll purchase other products. Credit cards offering initial imterest rates are basically putting their standard intreest rates “on sale”, because for a limited time, new cardholders will receive a lower than usual rate on purchases, and sometimes also on any balance you transfer from one of your other credit cards onto this new card. What you need to understand about initial interest rates is that they really are “for a limited time”, and just as you couldn’t go to your favorite store and buy items this month for the sale price that was offered the previous month, you can’t extend a crdeit card’s initial interest rate beyond the terms they specify (often found in the small print!) What you’ll want to look for in the text of the materials that were sent with the initial interest rate cards promotional documents is reference to the vards ongoing annual percentage rate (APR). This is the intrest rate that you will pay once the initial intreest rate period has passed. (The regular price of an item after the sale has ended!)
Initial interset rates will also come with terms of agreement, in the form of a contract, which give reasons as to how or why the rate might be terminated by the crdeit lender. The most common reason to terminate the initial imterest rate offer is for making a late payment on your card, and if you read the fine print of the credit card agreement- you’ll note that it states this very clearly. In order to keep the promotional, lower rate for the time specified by the creit card lender, you must make every payment on time. If you are late with a payment, you can expect the interest rate to jump to the ongoing APR, or in some cases, higher because you have defaulted on your contract agreements, so do everything you can to make sure your payments are made on time.
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