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American Express Business Gold Card vs Bank of America Customized Cash Rewards

Side-by-side comparison of fees, rewards, benefits, and more.

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Feature Comparison
Feature
American Express Business Gold CardAmerican Express
Bank of America Customized Cash RewardsBank of America
Rating4.4/54.3/5
Annual Fee$375$0
APR19.49% - 28.49%17.49% - 27.49%
Signup Bonus100,000 points after spending $15,000 in 3 months$200 online cash rewards bonus after spending $1,000 in 90 days
Rewards Rate4X on the 2 categories where your business spends the most each month (up to $150K/yr combined), 1X on everything else6% in a category of your choice first year (3% + 3% first-year bonus), 2% at grocery stores and wholesale clubs (combined $2,500/quarter cap), 1% on everything else
Credit Scoregoodgood
Pros
4X on your top 2 business spend categories automatically each month
100,000 MR point bonus transfers to airlines and hotels at 2cpp+
25% airline bonus when you book through Amex Travel
Choose your own 3% category from six options
2% at grocery stores and wholesale clubs
Preferred Rewards members can boost cash back up to 75%
Cons
$375 annual fee with no offsetting credits
$15,000 spend in 3 months is a high bar for the bonus
$150,000 annual cap on 4X categories
$2,500 quarterly cap on 3% and 2% categories combined
Best value requires Bank of America banking relationship
Only 1% on non-category purchases
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Verdict

Our Pick: American Express Business Gold Card

With a 4.4/5 rating, the American Express Business Gold Card edges out the Bank of America Customized Cash Rewards (4.3/5). At $375/yr, the value proposition is strong. The Amex Business Gold automatically 4X's your top 2 spending categories each billing cycle — no tracking, no activating. For businesses spending heavily on travel, advertising, or shipping, it's the most flexible Membership Rewards earner.

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