American Express AXP, +2.22% on Thursday announced a new card for small businesses that aims to provide them more flexibility over their spending.
The Business Gold Card, which has an annual fee of $295, blends elements of both charge cards and credit cards. The card builds on other recent additions to American Express’ slate of products for small businesses, including the Amazon Business American Express Card launched in October.
Like a traditional charge card, American Express will not pre-set spending limits for Business Gold Card members, but purchases under $100 must be paid in full by the end of each month.
