Tuesday, September 27, 2022

Is The Amex Green Card Worth It

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Who Is This Credit Card Best For

Is the $150 Amex Green Card Worth It? (Calculator)
  • Flies regularly and likes finding ways to score even more travelfor free See more cardsJet Setter
  • Diligently searches for the best products and delights in a good bargain See more cardsDeal Seeker
  • Hits the road often, whether for work or play See more cardsRoad Warrior
  • Loves to explore places and experience new things See more cardsAdventure Seeker

If you have good credit, eat out and travel a fair amounteven if you just spend a lot on public transportation for your commuteyou can get a lot out of this card. It offers some of the most flexible travel rewards available on a credit card, and at a very competitive rate of 3 points per $1. Even dinners out and Uber rides qualify for the bonus rewards, so you dont need to rely solely on flights or hotel stays to build up your rewards stash.

If you do fly frequently, all the better. This cards travel perks, including rebates on airport lounge access and expedited security clearance costs, will make being in airports a little less frenetic and the annual fee easier to swallow.

  • Subpar welcome offer

Initial Bonus: 45000 Points

The American Express Green Cards initial bonus is worth roughly $347, based on the average redemption value of Amex Membership Rewards points. The average credit card welcome bonus equals roughly 27,156 points/miles or $206 cash back. To earn the bonus, you need to spend $2,000 in the first 6 months.

Insider Advice: Getting The Most Out Of Your Card

  • Book travel and pay for meals: Use this card to pay for travel and for all your restaurant stops along the way.
  • Get the introductory bonus: New cardholders can get 30,000 bonus points for spending $2,000 in the first 3 months. Membership Rewards points for making $2,000 in purchases in the first three months, a pretty solid return on your spending.
  • Redeem with point transfers: You can find the best value for your points if you transfer them to a partner airline or hotels frequent traveler program, which could yield upwards of 2 cents per point.
  • Get a CLEAR membership: Youll get up to $100 in statement credits each year for a CLEAR membership, which provides expedited security screening at certain airports, stadiums, and other venues. A CLEAR membership costs $15 per month .
  • Visit LoungeBuddy airport lounges: Take a load off before your flights in LoungeBuddy lounges, because youll get up to $100 per year in credits for eligible purchases with this lounge access program.
Insider tip

Some American Express cards dont have typical preset credit limits. Instead, the American Express Green Cards limit fluctuates based on your use of the card, plus other factors including your payment history and creditworthiness.

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X At Restaurants Worldwide

Earn unlimited 3X at restaurants worldwide with the Amex Green Card. To qualify as a restaurant purchase, the merchant must code as a restaurant.

You may not earn 3X on purchases from a restaurant located within another establishment. For example, restaurants located inside a hotel, casino, or event venue may not qualify.

A purchase also may not qualify if payment is made through a third-party payment account or an online marketplace .

Who Should Get The American Express Green Card

American Express Green Card Review 2020 (AmEx Green Card ...

The American Express Green Card is the ideal choice for those who do the bulk of their spending on travel of all types, as well as at restaurants across the globe. Unlike airline- or hotel-branded travel , the Amex Green Card provides triple points on all kinds of vacation-related purchases from rideshares and taxis to flights and accommodations. The full earning rate is 3X points on eligible travel and transit purchases, and at restaurants worldwide and 1X points on all other purchases.

That said, the American Express Green Card isn’t a super-premium travel card. While those come with lots of benefits, they can also come with annual fees topping $400. That just means the Amex Green Card is a better choice for more budget-conscious travelers who don’t necessarily fly often enough to justify paying a high fee to get luxury lounge access and statement credits that costlier cards tend to provide.

The American Express Green Card could also be worth it for you if you’re hoping to bypass long lines at security with CLEAR membership or if you want to gain occasional lounge access through LoungeBuddy, as statement credits for purchasing both of these services would more than cover the Amex Green Card’s $0 annual fee.

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Amex Green Review: Triple Points On Dining And Travel Plus Credits

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Platinum Card From American Express

The Platinum Card® from American Express is a favorite among travelers, and for good reason. It has a luxurious lineup of benefits and rewards, which makes up for the eye-popping $695 annual fee.

For starters, youll earn a welcome bonus of 100,000 Membership Rewards points after spending at least $6,000 on purchases within the first 6 months of account opening.

Plus, the rewards rate is pretty good youll earn

  • 5 points per $1 spent on flights booked through an airline or at AmexTravel.com on up to $500,000 spent per calendar year
  • 5 points per $1 spent at prepaid hotels booked on AmexTravel.com
  • 1 point per $1 spent on purchases elsewhere

You can redeem points for travel purchases, statement credits, gift cards and more.

Even if you dont spend a lot on travel, you can still get a lot of value out of the cards other benefits, such as up to $200 annually in Uber Cash credits for U.S. Uber rides or Uber eats orders and access to more than 1,300 airport lounges worldwide through the Global Lounge Collection.

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American Express Green Card: Whats New

Lets look at the new features of the card and its rewards structure:

  • Annual fee: $150.
  • Introductory bonus: 30,000 points after spending $2,000 in first three months.
  • Rewards rate: 3 points per dollar on travel, transit and dining worldwide 1 point per dollar on everything else.
  • Points redemption: American Express Membership Rewards points can be transferred to a variety of travel partners and points dont expire.
  • Other perks: up to $100 annual credit for CLEAR and up to $100 annual credit for LoungeBuddy.

At $150 a year, the annual fee is higher than most entry-level travel rewards cards, and it is not waived the first year. Its introductory bonus of 30,000 points is also on the meager side.

In contrast, most competing travel cards have an annual fee of around $95 a year and a few of them waive it the first year. The most expensive ones tend to hover in the $450- $550 range.

But you have the opportunity to earn more points on common spending categories than you would with competitor cards.

Three points per dollar spent on travel and dining is generous. Thats the same earning rate as the Chase Sapphire Reserve which can be classified as a luxury card and has an annual fee of $550.

Is The Amex Green Card Worth The Annual Fee

NEW Amex Green Card! Is It Worth It?

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Editors note: This is a recurring post, regularly updated with new information.

While some issuers choose to launch new credit card products to keep up to date with the ever changing market, American Express has been on a spree the last few years of updating several of its cards, starting with the personal and business versions of the Platinum and Gold cards. The American Express® Green Card received a long-overdue refresh in 2019 and today, were going to take a look at whether this card is worth its $150 annual fee .

The information for the Amex Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Related: Bonus earning on dining, commuting and travel: American Express Green Card review

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Is The Amex Green Card A Charge Card Or A Credit Card

The American Express Green Card is a credit card, though unlike typical credit cards, the Amex Green Card allows you to carry a balance for certain charges but not all. While charge cards require you to pay your balance in full each month, the Amex Green Card allows you the flexibility to carry a balance on certain purchases and pay it off over time with interest.

Amex Green Card Welcome Bonus

The Amex Green Cards welcome bonus varies depending on which link you apply through. For example, when I open this refer a friend link, I see a bonus of 50,000 Membership Rewards points, which is definitely among the higher offers Ive seen on the card. Others may see a different offer, so youll want to see what youre eligible for.

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Best If You Travel A Lot: Platinum Card

The Platinum Card offers 5 points per dollar spent on flights booked directly with the airline, as well as flights and pre-paid hotels booked through Amex Travel .

It earns 1x point on everything else . American Express Membership Rewards points are worth, on average, 1.8 cents apiece based on Insider’s points and miles valuations.

Read more: Amex Gold Card review

The Amex Gold Card earns 4x points at restaurants and on up to $25,000 per calendar year at U.S. supermarkets , 3x points on flights booked directly with the airline, and 1x point on everything else. Based on the fact that you can easily redeem Membership Rewards points for more than 1 cent of value each, that makes this the highest-earning card for everything food-related.

The Amex Gold Card adds up to $120 of dining credits** split into up to $10 each month at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Steak House, or participating Shake Shack locations. It also offers up to $120 Uber Cash each calendar year .

The American Express® Gold Card is part of the Amex Trifecta a trio of cards that can help you maximize rewards on every single purchase you make.

Read more: Amex Blue Cash Preferred card review

The Blue Cash Preferred® Card from American Express offers a 0% intro APR on purchases for the first 12 months, before switching to a 13.99% to 23.99% variable APR .

Value Of Amex Green Card Benefits

Is the Amex Green Card worth the annual fee?

If you want to recoup the $150 annual fee, you wont need to do much work since there are two statement credit offers that are worth up to $200 each calendar year. Here are the perks:

  • Up to $100 per year in CLEAR® membership credits:CLEAR acts similar to TSA PreCheck by allowing you to get through security faster at select airports. It also works at select stadiums nationwide. The $100 credit offsets CLEAR’s annual $179 membership cost.
  • Up to $100 per year in LoungeBuddy credits: LoungeBuddy allows you to access any of the airport lounges in its network without a membership, elite status or first class ticket. Simply select an eligible lounge at the airport youll be at, then pay the applicable entry fee which starts at $25.

You can more than offset the annual fee every year through these two benefits that are worth $200.

If you dont plan to maximize these benefits, youd need to rely on the rewards program to recoup the annual fee. The quickest way to earn $150 in rewards is to spend $5,000 in the 3X categories: eligible travel, transit and restaurants worldwide. Otherwise, youd need to spend up to $15,000 every year across the 3X categories and on all other eligible spending.

By using the Amex Green card, the average consumer can earn $640 in rewards the first year and $390 in subsequent years. This takes into consideration the annual fee and uses a sample annual budget provided by location intelligence firm Esri. Read more about our methodology.

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American Express Green Card: Premium Benefits And Features For Frequent Travelers

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Editorial Note: The content of this article is based on the authors opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Citi is an advertising partner.

The American Express® Green Card was revamped by the issuer in October 2019 with new benefits and features to suit consumers with a traveling lifestyle. The card was originally introduced 50 years ago, and remained largely unchanged until its relaunch. The updated card is much more competitive than previous, with benefits like travel insurance, broad spending categories and annual fee credits for CLEAR membership.

Other Cards Offer More Useful Travel Credits

A Clear credit may be useful in specific situations, especially as a supplement to TSA Precheck or Global Entry. But it isn’t really a substitute for those programs. Unlike Clear, which is a private company, TSA Precheck and Global Entry are administered by the federal government and are in wide use across the country. They’re also significantly cheaper: The application fee for TSA Precheck is $85 for Global Entry, it’s $100. What’s more, your status with those federal programs lasts for five years not just one and many travel credit cards with less hefty annual fees will cover the full application cost for you.

» MORE:Is Clear worth the cost?

The LoungeBuddy credit is also a nice touch and potentially more useful, particularly if you don’t have any other cards that provide lounge access. But while the service advertises lounge access for as low as $25 per visit, many lounges on the platform will end up costing you significantly more than that. Also be aware that some travel credit cards with lower annual fees already offer some version of airport lounge access.

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Alternatives To The Amex Business Green Card

As with any credit card offer, there are a couple of drawbacks to the Amex Business Green card.

First, you must make your payments in full every month. This is different from with The Blue Business Plus Credit Card from American Express, which allows you to spread payments over time .

Another caveat is the lack of bonus earnings categories. Basically, you earn 1 point per $1 spent with the card with no extra points for purchases at office supply stores, restaurants, or other select categories.

If you would like to earn more for your spending in certain categories, you may prefer The American Express® Business Gold Card.

The Amex Business Gold card offers 5 bonus categories related to business spending: airfare, select U.S. advertising, U.S. gas stations, U.S. shipping, and select U.S. computer services. Earn 3x points for the category you choose and 2x points for the rest.

The Blue Business Plus card has also updated its earning rate, and now earns 2x points on all purchases on the first $50,000 each year, after which it will earn 1x points.

Fees are another drawback of the card. There is a 2.7% foreign transaction fee on any purchases made while abroad.

If you and your employees regularly travel outside the country, you may find more value in a credit card without foreign transaction fees, such as The Plum Card® from American Express.

See below for some of our card comparisons with the Business Green Rewards Card:

Frequent Travelers Looking For Premium Perks

American Express Green Card Still Worth It In 2021?

If you fly often and are looking for top-notch benefits, there are plenty of other cards that have a lot more to offer in premium travel perks.

Some of the best Amex cards, like The Platinum Card® from American Express , for instance, offer much better airport lounge access with Priority Pass, Centurion, Delta SkyClub, and AirSpace. And you get unlimited access, unlike the $100 LoungeBuddy statement credits on the Amex Green Card. .

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How Does The Green From Amex Compare

The American Express Green card is a competitive mid-tier card now that it features strong earning rates and useful benefits. If youre looking for a starter travel card with a modest annual fee, your best choices will likely be the Green from Amex, the Chase Sapphire Preferred Card and the Citi Premier® Card. Lets compare these three cards head to head.

American Express Green
Baggage insurance, secondary car rental coverage

Trip delay coverage starting Jan. 1, 2020, on round-trip flights

Trip delay coverage, baggage delay coverage, trip cancellation/interruption insurance, primary car rental coverage, lost luggage insurance, travel accident insurance None

As you can see, the Green from Amex has the highest annual fee of the three cards, but its also the only card of the three to offer annual statement credits and these statement credits can more than offset the annual fee. The American Express Green Card also has the best earning rates for travel and restaurants, and is the only card of the three to offer return protection.

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