American Express Green Card Review: Where It Saves, Where It Falls Short

Credit Card, American Express, Credit, Cards

The American Express Green Card is a great option for those looking for a travel rewards card. 

It offers some great benefits, such as no foreign transaction fees and points for travel expenses. However, the card also has some drawbacks, such as its high annual fee. 

In this article, we will take a closer look at the American Express Green Card and discuss whether or not it is the right choice for you.

A great card for travelers with no foreign transaction fees 

The American Express Green Card is an excellent option for travelers who prioritize earning Membership Rewards and prefer to use just one card for their travel purchases. 

The American Express Green Card offers some great benefits for travelers. There are no foreign transaction fees, for starters, which can save you a lot of money if you frequently travel abroad. Additionally, the card offers points that can be used towards travel expenses. 

This includes airfare, hotels, and car rentals. Finally, the card also comes with several travel insurance policies that can provide you with extra peace of mind while on your trip. 

With the American Express Green Card, you can earn Membership Rewards that are redeemable for travel, gift cards, and merchandise. 

Cardholders earn three Membership Rewards points for every dollar spent at restaurants, on public transportation, or travel, and one Membership Rewards point for every dollar spent on all other purchases. The points you earn with the American Express Green Card can be redeemed for statement credits, travel reservations, or gift cards. 

How to redeem points for rewards 

The American Express Green Card Memberships Rewards is a great flexible travel rewards program that offers a variety of redemption options

You can use your points to book travel with American Express, or you can transfer them to one of five airline partners and three hotel partners. 

Here are some examples of what you could get with your points:

Statement Credits

You can use your points to pay for part or all of a travel purchase made with the American Express Green Card. You can also use it to pay your credit card balance.

Pay with Points at Checkout 

You can use your points to pay for purchases with specific merchants, including Walmart, Amazon, and Best Buy. Anywhere that Paypal is accepted, you can use your points as a form of payment.

Travel Reservations 

You can use your points to book flights, hotels, and car rentals with American Express. You can also book cruises and vacation packages.

Gift Cards 

You can use your points to get gift cards from various merchants, including Amazon, Starbucks, and iTunes.

Merchandise 

You can use your points to get merchandise from a variety of merchants, including Apple, Samsung, and Sony.

Does the American Express Green Card have a fee?

The annual fee for the American Express Green Card is $150. 

This may seem like a lot, but when you consider all of the benefits that come with the card, it’s actually a pretty good deal. 

Keep in mind that the American Express Green Card is a charge card, which means that you must pay your balance in full each month. If you’re not able to do this, then the American Express Green Card may not be the best option for you.

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Benefits of the American Express Green Card 

The best thing about the American Express Green Card is that it makes it simple to accumulate membership points

You receive three points for every dollar spent on approved travel and restaurant expenses, and the definition of what constitutes travel is very broad. It covers airline, hotels, and vehicle rentals, including cruises, campgrounds, tours, trains, rideshares, buses, subways, tolls, parking, and other services. All other purchases earn one point per dollar.

These points can be redeemed for various goodies, including cashback as a statement credit, gift cards from numerous merchants, and reservations directly with American Express Travel. 

You also have the option to transfer your points to airline miles with Delta SkyMiles, British Airways Executive Club, Air France/KLM Flying Blue, JetBlue, Singapore, and Virgin Atlantic. Additionally, as a Green Cardholder, you are automatically enrolled in the Amex Offers program, which gives you access to exclusive deals at select merchants.

Summary

The American Express Green Card comes with many benefits, including: 

  • No foreign transaction fees 
  • Points that can be used towards travel expenses 
  • Travel insurance policies 
  • Redeemable for statement credits, travel reservations, gift cards, and merchandise  
  • Automatic enrollment in the Amex Offers program 

Drawbacks of the American Express Green Card 

The American Express Green Card does come with a few drawbacks

High-interest rate 

First and foremost, it has fairly high-interest rates, ranging from 15.99% – 22.99% depending on your credit history. Additionally, the card doesn’t offer any sign-up bonuses or rewards points for spending.

Unclear (and changeable) spending limits 

As far as your spending limit (NPSL), you’re unlikely to know upfront what this is set at. 

The limit may change over time based on your spending and payment history, as well as market fluctuations. And it’s unlikely that American Express will notify you in advance of such changes.

As a result, you’ll never know when you’re on the verge of maxing out your credit card. This may make relying solely on The American Express Green Card difficult. The marketing materials for the card mention the ability to spend above your credit limit and earn rewards, but this is only an option if you specifically ask for it.

If you’re not comfortable with the idea of spending over your limit or don’t want to have to keep asking American Express for permission, then this card may not be right for you.

Full monthly payoff is required for benefits 

One of the most significant drawbacks to The American Express Green Card is that you must pay off your credit statement each much to continue to receive membership rewards for the following month. 

If you do not pay off your statement balance, the perks stop. Members can select a certain purchase for an extended repayment term up to $100 or more in special circumstances, but all purchases will not apply through Amex’s Pay Over Time function.

Summary

The American Express Green Card comes with several drawbacks, including:  

  • High-interest rates 
  • No sign-up bonuses or rewards points for spending 
  • Your spending limit is unknown and could change at any time without notification 
  • You must pay off your statement balance in full each month to continue receiving membership rewards

If you’re comfortable with these drawbacks, then the American Express Green Card may be a good fit for you. However, if any of these factors are a concern, another credit card option may be worth considering.

How to apply for the American Express Green Card 

If you’re considering applying for the American Express Green Card, it’s important to make sure that you meet the eligibility requirements. 

To qualify, you must be a U.S. citizen or permanent resident and have a good credit score (700+). 

The bottom line is that the American Express Green Card has some great features, but it’s important to weigh the pros and cons before applying. 

So, if you’re thinking about getting this card, here are a few things to keep in mind:

  • The card has high-interest rates, so make sure you pay your balance in full each month to avoid interest charges.
  • There are no sign-up bonuses or rewards points for spending, so if that’s important to you, better options are available.
  • The card has a $150 annual fee, but it comes with a variety of benefits that can be worth the cost.
  • The card is a charge card, so you must pay your balance in full each month. If you’re not able to do this, then the American Express Green Card may not be the best option for you.

If you decide that the American Express Green Card is right for you, here’s how to apply:

  • Go to the American Express website and click “Apply Now.”
  • Enter your personal information, including your name, address, Social Security number, and date of birth.
  • Answer a few questions about your employment history and income.
  • Review your application and submit it.

If you’re approved, you’ll receive your card in the mail within a few weeks.

Check out the ultimate green credit card: The Aspiration Zero 

If you’re looking for a way to offset your daily expenses and do some good in the world, look no further than Aspiration Zero

With every swipe, you reduce your carbon footprint and earn rewards that can be used to plant more trees or receive a statement credit. Plus, with low annual fees, it’s easy to get started. 

Apply today and start enjoying the benefits of living a zero-impact lifestyle! 

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