Business Green Rewards Card from American Express Review

CardName Essentials

If you're looking to control and track spending for your small business, while earning travel rewards and saving money over the long haul, the CardName may be the right card for you. American Express is a CardRatings advertiser.

With the CardName, you earn Membership Rewards® points that can be used toward business expenses whether it's for travel, purchasing gift cards for clients, dining out or simply shopping for office supplies and more at various retailers. You can also get cards for your employees, making it easier to stay on top of how much your employees are spending while also earning more rewards for your business.

New card members can earn 15,000 Membership Rewards® points after spending $3,000 within the first three months of card membership.

Here are the some of the perks that come with card ownership:

• AnnualFees annual fee. See Rates and Fees.
• No fee for each employee CardName.
• Purchases can be protected from accidental damage or theft for up to 90 days from the time you purchase.
• Car rental loss and damage insurance is included if you use your card to reserve and pay for a car rental and decline the collision damage waiver at the rental car counter.
• With the card's baggage insurance plan, eligible lost, damaged or stolen baggage is covered when your plane, train, ship or bus ticket is purchased on your card.
• Card ownership also offers travel accident insurance, roadside assistance and extended warranties.F

FEATURED CARD

 

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• Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.
• $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
• Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
• Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel.
• 1:1 point transfer to leading airline and hotel loyalty programs
• Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
• Member FDIC

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Credit Needed:

Excellent

What Our Editors Like Most about the CardName

Besides the welcome offer, the CardName has a few things our editors really like.

The CardName isn't a typical credit card in that you can carry a balance for some purchases, but not for all, which could help the card owner who doesn't quite trust themselves or their employees to spend responsibly, or simply wants to keep their costs down. The CardName allows eligible cardholders to enroll in a Pay Over Time program to allow certain purchases to be paid over a certain length of time. With this option, on certain purchases you can pay over a certain length of time, choosing to carry a balance. You will accrue interest on these purchases, but it's certainly helpful if you are making a big ticket purchase for your business with this card and just can't quite pay it off in the same month as the purchase.

The card also offers a Pay with Points option when making purchases through American Express Travel to a Membership Rewards® program-enrolled American Express® Card. While purchases like car reservations, non-prepaid hotels and fine hotel and resorts bookings are excluded, the rest is fair game. Those accrued points you have will just be debited from your Membership Rewards® account and credited for the corresponding dollar amount which will be issued to your card.

If you travel often for business, the CardName provides a lot of extra assistance when traveling, which we like, from protection on lost and stolen baggage, to rental car insurance and its Global Assist hotline when traveling more than 100 miles from home giving you 24/7 access to medical, legal and financial assistance, as well as assistance wiring cash, replacing a lost or stolen passport and more. Plus, you won't pay any foreign transaction fees when traveling abroad.

Potential Downsides of the CardName

Spending those Membership Rewards® points isn't particularly straightforward. According to American Express, the value of your Membership Rewards® points varies based on how you use them. Meaning, the number of points required for an item may vary depending on the merchant offering the item and which redemption channel you choose. Points are redeemed through various channels funneling through American Express Membership Rewards®.

How the CardName Compares to Other Business Rewards Cards

CardName vs. Bank of America® Business Advantage Cash Rewards Mastercard® credit card

The CardName, unlike the American Express card, doesn't charge an annual fee. Bank of America® cardholders earn cash back rather than points with their purchases: 3% at gas stations (default), office supply stores, on travel, TV/telecom and wireless, computer services or business consulting; 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year 1% thereafter); and 1% cash back on all other purchases. New cardholders can earn a $300 statement credit by making $3,000 in purchases within the first 90 days of card ownership.

CardName vs. CardName

Unlike the CardName, the CardName has no annual fee and offers cash back deals that are pretty robust. CardName cardholders earn 5 percent back each account anniversary year on the first $25,000 they spend in combined purchases at office supply stores and on cellular phone, landline, internet and cable television services. They also earn 2 percent cash back each account year on up to $25,000 spent at gas stations and restaurants, as well as 1 percent on all other purchases with no limit to the amount they can earn.

Your rewards can be redeemed for cash back, travel or gift cards, making this a fairly flexible rewards card. With the welcome offer, you can earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening – something that should be easy given that new cardholders also enjoy intro 0 percent interest on purchases for the first 12 months (then, RegAPR).

Who Should Get This Card?

The American Express Business Green Rewards Card is great for the small business owner who doesn't quite trust themselves not to carry a large balance and who travels often to take advantage of those Membership Rewards® points.

(All information about the Business Green Rewards Card from American Express has been collected independently by CardRatings)

To see the rates and fees for the CardName, please visit the following link: See Rates and Fees.