75,000 Bonus Points AMEX Business Gold Rewards Card with $10K Spend

The 75,000 bonus points AMEX Business Gold Rewards Card is available, but with its usual $10,000 minimum spend, not the $5000 minimum spend that was offered several days ago.

So if you missed the previous 75,000 bonus points AMEX Business Gold Rewards Card offer for $5000 spend, should you apply for this one at double the spend? I'll get to that in a minute, but first, here are the offer terms:

• 75,000 Membership Rewards bonus points for spending $10,000 in the first 4 months
• Offer Bonus ID A3ZA
• Deadline of May 17, 2013
• “Welcome bonus offer not available to applicants who have had this product or any other Business Gold, Green or Platinum Card account within the last 12 months”
• No annual fee the first year, then $175
• 3X points on airfare purchased directly with airlines
• 2X points on advertising, shipping and gas stations

Note the eligibility: you're still eligible if you've have or had a personal AMEX card within the past 12 months; but not if you've had an AMEX business Gold, Green or Platinum card.

So is it worth it, assuming you're eligible? It could be if:

• Minimum Spend Isn't an Issue: There are folks with either very high reimbursable business expenses or simply high spend to put on credit cards

• Easy Access to Vanilla Reloads and/or Walmart: If either is true, you're able to fairly easily reload your AMEX Bluebird and use it to pay bills you'd normally have paid by check, and instead earn points. Also see Best Credit Cards to Buy Vanilla Reload Cards, Gift Card PIN: Use as a Debit Card to Load AMEX Bluebird and AMEX Bluebird: Free Checks and Check Writing

• You Value AMEX Membership Rewards Points Highly: You could transfer points to Singapore KrisFlyer to book Singapore First Class or Singapore Suites, or transfer to British Airways Avios to book Cathay First Class between NYC and Vancouver

• You Already Have Most of the Credit Cards You Want: It's hard for me to recommend the AMEX Business Gold Rewards card even with the 75,000 bonus points to someone who's starting out and isn't a big spender, because of the very high opportunity cost of that $10,000 minimum spend. But if you already have most of the rewards credit cards you want and aren't crowding out other high value spend towards bonuses, it's an easier decision. I wouldn't fret too much about it, since AMEX does come out with the 75,000 points/$10,000 minimum spend offer periodically and I expect we'll see it again later this year.