American Express® Green Card

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Natalie Campisi @NatalieMCampisi  in  Excellent Credit Advertising Disclosure
American Express Image
Annual Fee:
$0 for the first year, then $95
Purchase Intro APR:
N/A
Regular APR:
20.49% Variable
Terms and Restrictions Apply

Bankrate Rating

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The American Express Green Card is a relatively expensive charge card that requires users to pay their balance in full each month. Except for the American Express Membership Rewards, this card offers few enticing benefits to make it worth the $95 annual fee, waived the first year. For rates and fees of the American Express® Green Card, please click here.

Review

With its pricey fee structure and its sparing points structure, the American Express Green Card card falls short on many counts. Members are obliged to pay off their balance every month or face a $27 fee for the first offense or $38 thereafter. For rates and fees of the American Express® Green Card, please click here. Cardholders earn 2 Membership Rewards points for every $1 spent on Amextravel.com or a very meager 1 point per $1 on all other purchases.

For people who want to earn on everyday spending this is not the card for you.

New members will earn 25,000 Membership Rewards points after spending $1,000 within the first three months. Since the value of points varies depending on what you buy, it’s smart to window shop before spending your points. For example, 25,000 points is valued at $125 if you shop with designated partners. However, if you use the points on Amazon.com, then they’re valued at $175.

One of the main benefits of this card is the flexibility on how you can spend points. You can use them for everything from statement credits, travel and consumer goods to charitable donations.

If you like the idea of using a charge card instead of a traditional credit card, the Platinum Card from American Express is a better choice. Although it’s more expensive, the intro bonus and rewards value are significantly better.  

Who should get this card

People who want access to the American Express Membership Rewards program, which includes a suite of benefits like car rental insurance and price protection, might find the annual fee is a nominal price for the rewards value. Additionally, if you want to curb the possibility of racking up credit card debt, then a charge card might help in this scenario.

Advantages
  • You can try the card for free for the first year.
  • Cardholders automatically get American Express Membership Rewards benefits.
  • There is a 25,000 point sign-up bonus if you charge at least $1,000 in your first three months of card ownership.
  • Terms apply.
Disadvantages
  • The rewards are underwhelming, especially considering there’s an annual fee.
  • Cardholders are limited in how they can earn rewards.
  • The monthly balance must be paid in full each billing period.

Fees and APR

  • Annual fee is $95, waived the first year. For rates and fees of the American Express® Green Card, please click here.
  • Because it’s a charge card, you must pay your balance in full every month.
  • If you use the card outside of the U.S., there is a 2.7% foreign transaction fee. For rates and fees of the American Express® Green Card, please click here.
  • Cardholders must pay $30 for up to five additional cards, then $30 for each additional card thereafter. For rates and fees of the American Express® Green Card, please click here.
  • The first late payment is assessed a $27 fee and any subsequent late payments are $38 each. For rates and fees of the American Express® Green Card, please click here.
  • There is a $25 fee to re-open your account. For rates and fees of the American Express® Green Card, please click here.
  • There is a $38 returned check fee. For rates and fees of the American Express® Green Card, please click here.
  • For rates and fees of the American Express® Green Card, please click here.

Extras, perks and using points

Membership Rewards points can be redeemed through American Express Travel for all or a portion of your flight, hotel booked and paid in advance, vacation or cruise booking.

Members get complimentary car rental loss and damage insurance.

Access to the Roadside Assistance Hotline is included with your membership.

The value of points varies depending on what you use them for. To learn more on the Membership Rewards program and the potential of the American Express Green card, check out our 2019 guide to American Express Rewards.