American Express Business Green Rewards Card
The Business Green Rewards card from American Express is designed for business owners seeking a low cost and flexible spending card. This is a charge card, not a credit card, meaning there is no pre-set spending limit. Your purchasing power adjusts with your use of the card, your payment history, credit record and financial resources. If you are a new business owner building your credit history and income flow, this card will allow you to increase your spending ability as your business grows.
The sign-up bonus of 5,000 Membership Rewards points is easy to earn. You simply need to make a purchase on the card; there’s no minimum spending requirement. The $95 annual fee is waived for the first year.
On the downside, the rewards offered by this card are relatively poor. The Business Green card earns only one point per dollar, except for purchases made through Amex travel, which earn two points per dollar. There are almost no travel benefits or other fringe benefits of holding this card.
Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Business Green Rewards Card offers and the value of the AMEX Membership Rewards® points you earn.
The Business Green card comes with a sign-up bonus of 5,000 Membership Rewards points, which are earned after making your first purchase. This is an easy sign-up bonus to earn since it doesn’t come with a spending requirement of several thousand dollars like many travel rewards cards. Membership Rewards points can be transferred to a variety of airline and hotel partners or used to pay for travel directly when booking through Amex.
What You Get
- Earn 5,000 points after your first purchase
- 2 points per dollar spent through Amex Travel
- Annual fee is waived the first year
- Flexible spending limit that adjusts over time
Membership Rewards points do not expire as long as you have an open Membership Rewards card account. Unlike many airline and hotel programs, account activity is not required to keep the points active, simply keeping the account open is sufficient. Also, if you earn points on the Business Green card and later open a different card that earns Membership Rewards, the points you have earned on this card will remain active even if you close the Business Green card.
What is the value of the Membership Rewards® Points?
Membership Rewards is a very flexible travel currency. American Express offers 17 airline and three hotel partners to whom you may transfer your points. This allows you to customize your redemption strategy to suit your specific travel needs. It also helps maximize the value of your points relative to a less flexible rewards currency.
What is CPM and How Is It Calculated?
Cents Per Mile (CPM) is a way to measure the value of miles. It tells you how many cents you get for each mile you redeem by dividing the cash price of the airline ticket (minus taxes and fees charged for an award ticket) by the number of miles the award flight costs. This is a somewhat subjective calculation because the price of the flight in both cash and miles fluctuates by season and availability.
How we calculate CPM:
The Best Ways to Redeem American Express® Points
There are multiple great ways to redeem Membership Rewards, depending on your travel needs. If you desire international premium cabin airline tickets, then transferring points to All Nippon Airways or Singapore Airlines are great options. For domestic economy airline tickets, consider Delta Airlines or British Airways, which allows you to book flights on American Airlines.
Austin–New YorkEconomy classMiles price15,000points+$29 feeDollars price$299
Chicago–Los AngelesEconomy classMiles price24,700points+$0 feeDollars price$247
Seattle–DenverEconomy classMiles price18,600points+$0 feeDollars price$186
Newark–MoscowEconomy classMiles price51,500points+$251 feeDollars price$810
Los Angeles–ParisEconomy classMiles price49,750points+$300 feeDollars price$1,605
Houston–FrankfurtEconomy classMiles price49,750points+$360 feeDollars price$1,777
Miami–HonoluluBusiness classMiles price80,000points+$20 feeDollars price$2,083
Miami–WashingtonBusiness classMiles price52,900points+$0 feeDollars price$529
Pittsburgh–HoustonBusiness classMiles price50,000points+$13 feeDollars price$827
Washington–PortoBusiness classMiles price88,000points+$503 feeDollars price$5,041
Los Angeles–Tel AvivBusiness classMiles price104,000points+$395 feeDollars price$4,403
Atlanta–MadridBusiness classMiles price88,000points+$654 feeDollars price$4,044
Other ways you can redeem points
Hotel Stays3 partners3 part.
There are three hotel chains to which you can transfer Membership Rewards points (Choice Privileges®, Hilton Honors, Starwood Preferred Guest).
Car Rental4 partners4 part.
Points can be redeemed for car rentals (Avis®, Hertz®, Enterprise Rent-A-Car®, etc) by booking via Amex travel.
Points cannot be redeemed directly for cash back, though they can be used to pay for purchases at a variety of merchants.
Gift Cards64 partners64 part.
Membership Rewards points can be redeemed for gift cards (Athleta, AMC, Brook Brothers, etc). However, the values attainable with this option are typically far less than for travel partners.
The Business Green card earns a flat rate of 1 point per dollar on everyday spending. Purchases made through Amex travel earn 2 points per dollar.
- Amex Travel purchases
- All Other Purchases
In order to earn 2 points per dollar for travel, the purchase must be made directly through amextravel.com. General travel purchases made directly with hotels, airlines, car companies, etc., do not qualify.
Fees: the cost of Having the Card
This card’s annual fee is $0 first year, then $95 in each subsequent year. Therefore, no spending is required to cover the annual fee for the first year. After that, if you make $5,249 in purchases a year, you’ll cover the cost of the card. That’s because you’ll earn at least 5,249 points, and they’re worth at least 1.81 cents each. If you spend about $2,000 a month, you’ll pay off the card in 3 months.
The sign-up bonus of 5,000 points is worth approximately $91 in travel, which nearly covers the annual fee for the second year.
- Annual Fee
- $0 first year, then $95
- Foreign Transaction Fee
- 2.7% of each transaction in U.S. dollars
- Late Payment Fee
- $38 or 2.99% of any past due Pay in Full amount, whichever is greater
See What It Takes to Cover an Annual Fee:
We strongly recommend to spend not less than $1,750 per months to cover the annual fee in three months.
We’ve broken out our estimates for the first- and second-year net earnings you’ll get with the Business Green Rewards Card. Is the card worth getting, and should you keep it after you get the sign-up bonus? Let’s find out.
These estimates are based on an annual monthly spend of $2,000
Top 5 Benefits of the Business Green Rewards Card
The Business Green Rewards card is a low cost card with flexible spending allowances. It allows you to earn Membership Rewards, which is a valuable and flexible rewards currency.
- Great Rewards Currency: With a wide variety of airlines and hotel transfer partners, Amex Membership Rewards are one of the best rewards currencies in the travel industry.
- Double Points on Amex Travel: Earn 2 points per dollar when booking travel through amextravel.com.
- Flexible Spending Limit: This card is a charge card, not a credit card, meaning there is now pre-set spending limit. Your credit can grow with your business.
- Low Annual Fee: The annual fee is waived for the first year and $95 per year thereafter.
- Easy to Earn Sign-up Bonus: The 5,000 points sign-up bonus is earned after making your first purchase on the card with no minimum spending requirement.
Should You Get the Business Green Rewards Card?
The Business Green Rewards card is good for new business owners that are still establishing their credit and spending history. This card is a charge card, not a credit card, meaning you pay your balance in full every month and never pay interest charges. There is also no pre-set spending limit, so you have the flexibility to make purchases as needed to run your business. As you establish your credit history and spending patterns, your spending power can increase over time.
This card is best for those looking for a low cost, no-frills business card. The Business Green card doesn’t offer a great array of travel benefits like some other cards, but it also has a relatively low annual fee.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- The American Express Business Green Rewards card earns Membership Rewards points, which can be redeemed in a variety of ways. You can transfer the points to hotel and airline partners to make award bookings. You can also use the points to pay directly for travel purchases. Lastly, points can be exchanged for gift cards, though the values available are generally not as favorable as for travel-related uses.
- The American Express Green Card is a charge card, not a credit card. This means that there is no pre-set spending limit. However, this does not mean that you can spend an unlimited amount of money on the card.Amex provides a nice Check Spending Power feature on their website where you can enter an amount and check if the charge will be approved. Your spending power can grow over time as you and your business establish a credit history and spending patterns.
- The current sign-up bonus for the Green card is 5,000 points. However, Amex does run temporary promotions from time to time with increases sign-up bonuses. In addition, Amex will send out targeted offers via regular mail. If you have a business and don’t currently have an Amex card, there is a decent chance that you will be targeted for an increased offer. These can sometimes be found online as well.
American Express offers a wide range of business credit and charge cards. Cards with higher annual fees tend to come with a better array of benefits.
Other Amex Business cards
The Business Gold Rewards card has a higher annual fee at $175. However, you also get a much bigger sign up bonus of 50,000 points and earn 2 to 3 points per dollar in five distinct categories. The Blue for Business card is a nice no-fee option that earns two points per dollar on all spending for the first $50,000 per year.
Compare Business Green Rewards Credit Card to Other Cards
There are many travel rewards cards on the market that have bigger sign-up bonuses and better benefits than the Green Rewards card. Here are a few examples:
The SPG Business card offers a 25,000 points sign-up bonus and comes with a $95 annual fee. SPG Starpoints can be transferred to over 30 airline partners. This card also offers lounge access at Sheraton hotels.
The Alaska Airlines business card offers a 30,000 points sign-up bonus and an annual companion pass in exchange for a $75 annual fee.
The Ink Business Preferred card offers a huge 80,000 points sign-up bonus in exchange for a $95 annual fee. Chase Ultimate Rewards points can be transferred to a variety of airlines and hotels.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Card Terms and Conditions
While it's easy to focus on the rewards offered by the Business Green Rewards card, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Amex card.
- Intro APR:
- See Terms and Conditions
- Intro APR for balance transfers:
- See Terms and Conditions
- Ongoing APR:
- See Terms and Conditions
- Minimum Grace Period:
- See Terms and Conditions
- Extended Warranty Protection:
- Amex will match the length of the original warranty if the original warranty is less than 1 year. If the warranty is between 1 and 5 years, Amex will provide 1 additional year. Coverage is limited to $10,000 per occurrence and $50,000 per year.
- Purchase Protection:
- Amex covers purchases for 90 days if any portion of the purchase is put on your card, but only up to the amount charged on your card.
- Return Protection:
- Amex can refund you for eligible purchases if the retailer will not accept the return. Coverage is limited to 90 days from purchase, up to $300 per item and up to $1,000 per year.
Cash Advance Features
- Ongoing APR:
- See Terms and Conditions
- Cash Advance Fee:
- See Terms and Conditions
Security and Protections
Amex offers a variety of security features, such chip cards, account alerts and mobile banking. You are never liable for fraudulent charges.
- Account alerts:
- Set up alerts to be notified by email, text or both, for potential fraud, large purchases, irregular activity, card not present transactions and more.
- EMV Chip Technology:
- Get global acceptance and enhanced security at merchants that use chip-enabled terminals.
- Credit Score Monitoring:
- Amex offers free FICO scores and can help you understand the factors affecting your score.
Amex offers mobile apps for both Android and Apple. These allow you to see activity and statements, make payments and contact customer service and concierge. The app features your current available credit, relevant travel notifications and details about current Amex Offers.
Additional Cardholder Benefits
American Express cards offer some unique card benefits relative to Visa and MasterCard, especially Amex Offers, which can result in a ton of savings over time.
American Express Travel Benefits
- Amex Offers:
- Amex Offers are opportunities to get discounts or extra points for making purchases above a certain amount at various stores. These are always changing, so check your card for new opportunities.
- Car Rental Loss and Damage Insurance:
- Coverage for theft and collision for most rentals in the U.S. and abroad. Coverage is secondary to your personal insurance.
- Roadside Assistance Hotline:
- Call for emergency services, like towing, changing flat tires or jumpstarting a dead battery.
- Travel Accident Insurance:
- Receive accidental death or dismemberment coverage for any air, bus, train or cruise ship transportation paid for with your card.
- Global Assist Hotline:
- Legal and medical referrals, and other travel and emergency assistance is available any time of day when you travel more than 100 miles from home.