American Express® Green Card

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Natalie Campisi @NatalieMCampisi  in  Excellent Credit Advertising Disclosure
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Annual Fee:
$0 for the first year, then $95
Purchase Intro APR:
N/A
Regular APR:
N/A
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 69 out of 100

Commonly used for: Excellent Credit.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our excellent credit category page.

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.

How this card compares

Citi® Double Cash Card
  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness*
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases
  • No categories to track, no caps on cash back, no annual fee*
Apply Now On Citi's secure website
Credit Needed

Excellent, Good

Regular APR

15.74% - 25.74%* (Variable)

Annual Fee

$0*

Purchase Intro APR

N/A

Balance Transfers Intro APR

0% 18 months on Balance Transfers*

When it comes to rewards value, the Citi Double Cash Card ranks among the very best cash-back credit cards that charge no annual fee.

The card earns an unlimited 1% cash back when you make a purchase and another 1% back when you pay for those purchases. Big spenders may find this nets more cash-back overall as there’s no ceiling on what you can earn back

Chase Freedom®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Apply Now On Chase's secure website
Credit Needed

Excellent/Good

Regular APR

17.24% - 25.99% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

If you’re up for the challenge of tracking bonus rewards categories, Chase Freedom can give you some real cash-back bang for your buck. For travel junkies and road warriors, this card is ideal when paired with an eligible Chase card to reap maximum travel rewards on your spending.

Chase Freedom Unlimited®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Apply Now On Chase's secure website
Credit Needed

Excellent/Good

Regular APR

17.24% - 25.99% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

Chase Freedom Unlimited is a solid, straightforward cash-back rewards card that’s ideal for cardholders who just don’t have the time or energy to track spending categories. It ranks among the very best cash-back credit cards we track.

For rates and fees of the American Express® Green Card, please click here.