American Express® Green Card
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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.
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. 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.
Fees and APR
- Annual fee is $95, waived the first year.
- 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 fe.
- Cardholders must pay $30 for up to five additional cards, then $30 for each additional card thereafter.
- The first late payment is assessed a $27 fee and any subsequent late payments are $38 each.
- There is a $25 fee to re-open your account.
- There is a $38 returned check fee.
- See Rates & Fees.
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
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
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 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.
The Blue Cash Everyday Card from American Express is an ideal credit card for families on the go. It offers enhanced rewards at U.S. supermarkets, U.S. gas stations and select U.S. department stores, allowing you to earn a substantial amount of cash back on food, gas and clothing.