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The Business Green Rewards Card from American Express review

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Build your credit score and earn 2x Membership Rewards points through Amex Travel.

  • Get this card if you’re looking to earn rewards while building your credit score.
  • Pick something else if you want higher rewards or cash back.
  • Apply with good to excellent credit.

Up to 3x

Points

$95

Annual fee

680

Recommended credit score

Details

Product NameBusiness Green Rewards Card from American Express
Card typeAmerican Express
Annual fee$95
Purchase APRN/A
Balance transfer APRN/A
Foreign transaction fee2.7% of the transaction value
Late payment feeUp to $39
Late payment fee conditions$39 or 2.99% of any past due pay in full amount, whichever is greater
Returned payment feeUp to $39
Rates & feesrates & fees

The basics

The Business Green Rewards Card from American Express is a charge card, which means you’ll pay your balance in full with each statement. But it’s geared for the small business owner looking to earn rewards with the protections that come with American Express.

If you apply before November 6, 2019 you’ll earn 3x points at U.S. restaurants and on direct hotel and airfare purchases on up to $50,000. After reaching this limit, you’ll earn 1x points on purchases in these categories. You’ll also earn 2x points on purchases through American Express Travel and 1x points on all other purchases.

Despite this card requiring full payment each month, you might be eligible for more time to pay off larger purchases through Pay Over Time. This feature extends the flexibility to pay off eligible charges of $100 or more over a few months at a variable APR of 20.24% (see rates & fees).

How much are Membership Rewards points worth?

For an idea of how much your points are worth, let’s look at the potential value of 10,000 Membership Rewards points.

You can typically redeem 10,000 points for:

  • $70 to $100 in gift cards.
  • $50 to $70 for shopping at Membership Rewards partners that include Amazon, Newegg, BestBuy and Staples.
  • $50 to $100 for such traveling costs as airline tickets, hotels, cruises and purchases through Expedia.
  • $70 to $100 for point-of-sale transactions with New York taxis and at Rite Aid.
  • $50 for entertainment purchases through Ticketmaster and AXS.
  • $50 to $100 to donate to an eligible nonprofit or charity.

How to get the most out of your Membership Rewards points

This card doesn’t offer many ways to earn multiple points for your dollar, which leaves American Express Travel your strongest way to earn.

For example, if you book $10,000 on flights and hotels through Amex Travel, you’ll earn 20,000 points. You can then redeem these points for a $200 reward, effectively earning 2% cash back — the highest value you can get out of this card.

Redeeming the same number of points for a $100 reward is equal to getting 1% back.

The perks

  • Earn rewards points.
    The card offers more value for travel and dining purchases: 3x points on direct hotel and airfare purchases as well as at U.S. restaurants on up to $50,000, then 1x points. This offer expires November 6, 2019.

    You’ll also earn 2x points on purchases through American Express Travel and 1x points on all other purchases.

  • No preset spending limit.
    American Express adjusts your purchasing power the longer you use it, looking at your overall spending, payment history, credit score and other factors.

You’ll also like…

  • Travel protection.
    For reservations paid entirely with this card, you’re automatically insured against accidents for up to $100,000. Your bags are also insured for up to $1,250 for carry-ons and up to $500 for checked baggage. And when renting a car, you’re insured against car loss and damage.
  • Roadside and global assistance.
    If you find yourself stranded on the road, call for emergency service through a 24/7 hotline. When you travel more than 100 miles from home, you’re extended 24/7 access to medical, legal and financial services, with only third-party costs your responsibility.
  • Online management tools.
    Use mobile banking to manage your account, set up autopay and alerts and monitor employee spending. Or transfer your account data into an existing QuickBooks account.
  • No annual fee for additional cards.
    You’ll avoid a separate annual fee for each additional card you add to your account.

What to watch out for

  • Annual fee.
    The Business Green Rewards Card from American Express comes with a $95 annual fee.
  • Foreign transaction fee.
    If you plan to use your card abroad, you’ll pay a fee that’s equal to 2.7% of the amount per transaction.
  • No ability to carry a balance.
    This is a charge card, which means you must pay your full balance with each statement. However, purchases of $100 or more may be eligible for Pay Over Time.
  • No low intro APR.
    As a charge card, the Business Green Rewards Card from American Express doesn’t offer the ability to carry over most balances. If your business requires flexibility with payments, this may not be the card for you.

Compare business credit cards

Updated September 15th, 2019
Name Product Rewards Purchase APR Annual fee
2% cash back on all purchases on up to $50,000 per calendar year, then 1%
0% intro for the first 12 months (then 15.24% to 21.24% variable)
$0
Earn 2% cash back on all purchases on up to $50,000 per calendar year, then 1%. Rates & fees
2% cash back on all purchases
19.24% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn $500 after spending $4,500 in the first 3 months.
1.5% cash back on all purchases
0% intro for the first 9 months (then 15.24%, 19.24% or 23.24% variable)
$0
Unlimited 1.5% cash back on every purchase, every day.
2x points on everyday business purchases on up to $50,000 annually, then 1x points
0% intro for the first 12 months (then 15.24% to 21.24% variable)
$0
Earn 2x Membership Rewards® points on everyday business purchases on up to $50,000 with no category restrictions. Rates & fees
2x miles on all purchases
19.24% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn unlimited 2x miles on every purchase for your business, with no blackouts or seat restrictions, and no minimum to redeem.

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What size business is the Business Green Rewards Card from American Express good for?

Business Green Rewards Card from American Express is suited for small businesses that’d like perks while building up their general creditworthiness.

Rewards aren’t as robust as other cards, but that’s not your primary reason for signing up. With this card, businesses can manage their spending while earning Membership Rewards points that you can redeem for travel, shopping, gift cards and more.
American Express small business cards

What should I know before I apply?

When you apply for the Business Green Rewards Card from American Express, you’ll provide information about yourself and your business that includes your:

  • Business name and contact information.
  • Years in business and industry.
  • Company structure and number of employees.
  • Annual revenue and monthly spending.
  • Federal tax ID or Employment Identification Number.
  • Personal information, including your annual income.

What credit score do I need to apply?

The card is open to businesses that have a fair business credit score. But for a higher credit limit and increased possibility of approval, apply with good or excellent credit.

What do customers say about the card?

Customers online praise the Business Green Rewards Card from American Express for its Membership Rewards points and low fees. Others say the $95 intro annual fee for a year makes it easy for businesses to try out the card first.

American Express is accredited by the Better Business Bureau, earning an A+ that’s dependent on its internal criteria. It also earns a 3.78 out of 5 stars based on more than 170 customer reviews.

How to apply for the Business Green Rewards Card from American Express

  1. Click apply now.
  2. Complete the application form with required information about you and your business.
  3. Review your application and submit it.

How long will it take to be approved?

American Express offers conditional approval online, which means you could see a decision in minutes.

How long will it take to get my Business Green Rewards Card from American Express?

On approval, you’ll receive your new card through UPS in three to four business days.

I got the card. Now what?

  • Manage your account online. Sign in to your account to monitor spending, set up autopay and catch suspicious activity in its tracks. Or transfer your data directly to your existing QuickBooks account.
  • Contact customer service. For help, call American Express 24/7 at 800-528-4800. Or chat live with a representative online.

Bottom line

For small business owners looking to flexibly manage spending while building up your credit, the Business Green Rewards Card from American Express could be a solid choice. You’ll earn Membership Rewards points on everyday spending, with double the points for travel purchased through American Express Travel.

But if you already have a robust credit score, you’ll find stronger rewards and more luxurious travel perks with other cards.

Frequently asked questions

Images: AmericanExpress.com

Disclaimer

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Rates and fees

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