Business Green Rewards Card from American Express Review
Earn 15,000 Membership Rewards<sup>®</sup> points
American Express, a Credit Cards House advertiser, is one of the leading issuers of business credit cards in the United States, and it offers a dozen different business cards that range from entry-level reward cards that offer cash back to premium travel reward cards. These cards offer numerous features that can appeal to business owners. The Business Green Rewards Card from American Express is American Express' least expensive business charge card that offers points in the Membership Rewards program.
How This Card Works
For each dollar spent, cardholders earn one point in the American Express Membership Rewards program, with double points offered for reservations made through the American Express Travel website. Membership Rewards points can be redeemed for about one cent each towards gift cards, merchandise and travel reservations, or these points can be transferred to miles with 17 different airlines including Delta, JetBlue, Hawaiian, Air Canada, and Virgin America. New cardholders also receive 15,000 bonus points after spending $3,000 in eligible purchases in the first three months with their card.
Cardholders receive numerous travel benefits including a baggage insurance plan, car rental loss and damage insurance, and access to a roadside assistance hotline. And when shopping, your purchases will be covered against accidental theft and damage for 90 days, and be eligible to receive a year of additional warranty coverage.
The ReceiptMatch app helps you to manage your expenses by adding and tagging receipts using your mobile device. Other business tools include account alerts that help you to monitor employee spending and ability to designate an account manager to perform tasks like reviewing statements, making payments, and disputing charges.
Finally, it's important to note that this is a charge card, not a credit card, which means that cardholders are expected to pay every month's statement balance in full. However, American Express does offer the Pay Over Time program that lets you carry a balance on some charges. On the other hand, this card has no pre-set spending limit, so your purchasing power can increase over time based on your payment history, credit record, and other factors.
There is a $95 annual fee for this card that's waived the first year, and a 2.7% foreign transaction fee imposed on all charges processed outside of the United States (see rates and fees). There is no charge to order cards for additional authorized users.
Membership Rewards is one of the best travel rewards programs offered, as customers can transfer their points to frequent flyer miles whenever they need to. And when reward points are transferred to frequent miles, and these miles are redeemed for expensive last minute reservations or seats in business or first class, it's possible to receive several cents in value per mile instead of the one cent per point offered for most other rewards. Furthermore, you can combine the points you earn from your business purchases with any that you earn from your personal American Express cards.
This card also features numerous valuable cardholder benefits, including several that are of specific interest to business users. And since the annual fee is waived for the first year, there is no cost to try this card out for the first year.
The standard sign-up bonus of 15,000 points is quite small compared to the 50,000 points or more that American Express and its competitors regularly offer for other business cards. It is unfortunate that American Express still has a 2.7% foreign transaction fee with this card, which has been removed from many of its other travel reward cards.
This card also lacks any bonuses for spending in specific merchant categories, other than double points for reservations made with American Express Travel.
Business Green Rewards Card from American Express is American Express's entry level business card, and it offers a competitive level of rewards and benefits for its price point. And while some business owners may want to consider one of the high-end American Express cards instead, the Green card is still an excellent place to start for those with modest spending needs who still want to earn valuable Membership Rewards points.
For rates and fees of the Business Green Rewards Card from American Express, click here.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by American Express.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.