Rating: 4 Stars
Bottom Line:
Business Charge Card
TABLE OF CONTENTS
Card Details
| Regular APR: | If you activate Pay Over Time: 19.74% |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | 2 points per dollar you spend on eligible purchases at amextravel.com 1 point for each dollar you spend on eligible purchases |
| Credit Needed: | (670 – 850) Excellent/Good |
| Annual Fee: | $0 for first year, then $95 |
| Card Brand: | American Express |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Earn 15,000 Membership Rewards points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership
- Earn double Membership Rewards points for each dollar of eligible purchases made when you book on the American Express Travel website
- Earn one Membership Rewards point for each dollar you spend on eligible purchases
- Choose rewards from over 500 leading brands in travel, gift cards, merchandise or entertainment
- $0 annual fee for first year, then $95 Annual Fee
Is American Express Business Green Rewards Card worth it?
American Express Business Green Rewards is a solid charge card for small businesses with good, but not great travel rewards. As a charge card, the balance must be paid in full each month, but there is no preset spending limit.
If you need to carry a balance, you can use American Express’ Pay Over Time feature at an APR of 19.74%. You essentially now have a credit card, but not all charges will get carried over into the next month. You choose between the Extended Payment Option, where charges over $100 are automatically moved into your Pay Over Time balance, Select & Pay Later, where you manually choose charges over $100 to move into your Pay Over Time balance, or Sign & Travel, where airline tickets, hotel stays, car rentals, cruises and charges in other countries are moved into your Pay Over Time balance. It’s not the simplest program but whichever choice you select, you basically now have a credit card, where you can choose to pay the full balance, the minimum payment, or anything in between. This is in contrast to what would normally happen with a charge card, where you are required to pay the full balance every month, and if you don’t, you incur a late fee even if you pay an amount that would be above what would be considered the normal minimum payment if the card were a credit card. Charge cards also don’t impact your credit, because you are not extended a credit line.
Pros
- No preset spending limit – charge card
- 2x points on purchases made through Amex Travel
Cons
- $95 Annual fee
- No Intro APR to fund business purchases
Why 4 Stars?
Regular APR
4 Stars
Intro APR
4 Stars
Fees
4 Stars
Perks
4 Stars
Overall
4 Stars
Fees
| Foreign Transaction Fee | 2.7% |
| Balance Transfer Fee | No Balance Transfers Allowed |
| Cash Advance Fee | No Cash Advances Allowed |
| Penalty APR | Up to 29.99% |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Extended Warranty Program |
| Travel Accident Insurance |
| Lost Luggage Reimbursement |
| Purchase Protection |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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