Business Green Rewards Card from American Express OPEN Review

The American Express Business Green Rewards Card rewards cardholders with a 5,000-point bonus after the first purchase. There is a $95 annual membership fee, but access to decent travel benefits may make this charge card worth your while.

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The Good

5,000-point bonus

The American Express Business Green Rewards card rewards cardholders with a 5,000-point bonus following the first purchase. Although other business rewards cards offer sign-up bonuses with higher point offerings, you typically have to spend several thousand dollars to be eligible. With the Business Green Rewards card, the bonus is just one purchase away.

No over-limit fee

The Business Green Rewards card does not charge a fee for going over your credit limit. It is not uncommon for businesses to experience months where the cash flow is extra tight and getting hit with an additional fee is never pleasant. For those that appreciate a little flexibility on spending limits, the Business Green Rewards card is a good choice.

Access to good travel benefits

For businesses that require a lot of travel, finding a business rewards card with travel perks is a must. Some of the travel benefits that come with the American Express Business Green Rewards card include baggage insurance, car rental loss and damage coverage, roadside assistance, and more. If you spend a lot of time working on the road, the Business Green Rewards card may be just the card you’re looking for.

The Bad

No bonus rewards for purchases

Many of the top business rewards cards are very generous with bonuses associated with certain business-related purchases. For example, some rewards cards will offer an additional 2-3 points for dining, gas, or office supply store purchases. Unfortunately, the American Express Business Green Card does not provide any bonus purchases, limiting rewards to one point per dollar spent on all purchases. Those that like the straightforward reward system won’t mind this arrangement, but if you’re looking to get a little more out of your business rewards card, it might be worth your time to shop around.

Annual membership fee

One drawback to the Business Green Rewards card is the $95 annual membership fee. The fee is waived for the first year of membership, providing ample time to determine if the card is the right fit. However, with multiple business rewards cards providing access to a similar set of rewards and not charging an annual fee, the Business Green Rewards card may not be the right fit.

Foreign currency transaction fee

Those that travel internationally on a regular basis should be aware of the 2.7% fee on all foreign currency transactions. International travel is often expensive and getting hit with an additional fee can be frustrating. Considering that many of the top business rewards credit cards don’t charge foreign currency fees, those that like to keep costs to a minimum may be better served by finding a different card.

The Details

Rates and Fees

  • Annual Fee: $95 ($0 first year)
  • Balance must be paid in full each month: Yes (charge card)
  • Cash Advance Fee: N/A (charge card)
  • Cash Advance Rate (APR): N/A (charge card)
  • Foreign Currency Transaction Fee: 2.7% per transaction
  • Introductory Rate (APR): N/A (charge card)
  • Standard Rate (APR): N/A (charge card)

Penalty Fees

  • Default Penalty Rate (APR): N/A (charge card)
  • Late Payment Fee: $38 or 2.99%
  • Minimum Interest Charge: N/A (charge card)
  • Over-Limit Fee: N/A (charge card)
  • Returned Payment Fee: $38

Balance Transfer Fees

  • Balance Transfer Fee: N/A (charge card)
  • Introductory Balance Transfer Rate (APR): N/A (charge card)
  • Standard Balance Transfer Rate (APR): N/A (charge card)

Rewards Program

  • Additional Rewards for Cell Phone Services: None
  • Additional Rewards for Dining: None
  • Additional Rewards for Gas: None
  • Additional Rewards for Internet Services: None
  • Additional Rewards for Office Supplies: None
  • Additional Rewards for Other: None
  • Additional Rewards for Travel: None
  • Bonus Rewards: None
  • Rewards Earnings for All Purchases: 1 Membership Rewards point per $1
  • Sign-Up Bonus: 5,000 bonus points on your first purchase
  • Type of Reward: Points

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