I mentioned in this post that the Business Gold Rewards Card offers 25,000 bonus membership points after spending $1,000 before October 1, 2008. Many readers from MyCardBlog have applied for this card and already charged $1,000 on this card (including myself). If you’re still wondering whether you’re eligible or not to apply for this business card even though you’re not a business owner, you can check out this post to learn how to apply for a business card without “real business”. Faced with slumping economy nowadays, most financial institutions are trying to cut their costs. Last October, American Express offered 25,000 bonus points without any minimum spending requirement. Bank of America and Chase Freedom Card also offered $250 sign-up bonus early last year. However, this Business Gold Rewards Card is the only one to offer you 25,000 bonus points which can then be redeemed as a domestic round-trip airline ticket. Based on my own application process, I want to point out that if you can’t get instant approval, American Express may call you to verify your personal information and ask what your business is. You have to be prepared to answer this question and don’t miss the call from American Express. You actually don’t need a high credit score to get this credit card.

However, there is a big change on this card. According to American Express, effective from 06/16/2008, the Business Gold Rewards Card will be renamed as the Gold Card from American Express OPEN. If you apply for this card and spend more than $1,000 before 10/01/2008, you can still get 25,000 bonus points. With this card, you can save up to 25% business expenses from selected partners of OPEN Savings. The first-year annual fee will be waived and after that, the annual fee is $125 per year. You can use the saving calculator to see how much you can save if you use this card regularly.

Another big change of American Express business card is the gas rebate of SimplyCash Business Credit Card will change from 5% to 3%. 3$ cashback is capped on $12,000 per year. If you charge more than that amount, you can only get 1% cashback. This rebate change will be effective on 07/01/2008. Considering this card doesn’t charge annual fees and still offer 5% cashback on office supplies and wireless services, the American Express SimplyCash Business Credit Card is still a nice card.

Another business card that is worth mentioning is the Gold Delta SkyMiles Business Credit Card which is offering up to 20,000 bonus miles (15,000 + 1,000*5). 15,000 bonus miles will be available after first purchase. This card is good for those who travel a lot. Of course, the Starwood Preferred Guest Business Card is still offering 10,000 bonus points after first purchase which can be redeemed as a $100 Amazon.com gift card.