Rewards Credit Cards July 4, 2020 0

American Express Green Credit Card Review

American Express Green CardHello Friends, I hope all is well with you! I am going to be reviewing the American Express Green Credit Card today. These opinions are my own, and I am in no way influenced by anyone.

Overall Verdict: I would consider the American Express Green credit card a premium rewards credit card. This card has really nice benefits, a high reward amount in certain categories, and a sign-up bonus. Additionally, this card does not have a foreign transaction fee. However, the card does have a pretty high annual fee.

Some things about this card that I do like:

  1. High reward amount on certain categories with no cap
  2. Great benefits and protections
  3. Sign-up bonus
  4. Flexible way to redeem points

Some of the things that I don’t like:

  1. High annual fee
  2. Low reward amount if you spend outside of their high rewards categories

What type of reward are you getting?

The Amex Green credit card offers you the opportunity to earn membership points for every dollar that you spend. The points are accumulated in your account until you are ready to use them. Amex offers you a variety of ways to redeem your points. You are able to redeem your points for a statement credit, redeem your points for gift cards, merchandise, and use your points on entertainment. Additionally, you are also able to make certain purchases directly with your points. Furthermore, you are also able to transfer your membership points to frequent traveler loyalty programs. Lastly, you are also able to use your points to book travel through Amex’s travel website. This rewards credit card has so many ways to redeem rewards.

Is there an annual fee?

This rewards credit card has a $150 annual fee.

What is the rewards amount?

The American Express Green credit card offers you the opportunity to earn 3x points for every dollar that you spend on transit, travel, and at restaurants. Transit purchases include ridesharing, subways, ferries, and monthly tolls. All other purchases will earn you 1x points for every dollar that you spend. Amex does have some special offers that let you earn extra points for buying or shopping from certain brands or stores. If you don’t spend in the categories above, this card will not be worth the annual fee.

Is there a bonus offer?

This Amex rewards credit card has a sign-up bonus of 45,000 membership points when you spend $2,000 or more in purchases in the first three months of the account opening. That’s about a 23% return on the money that you would have spent anyway.

Are there foreign transaction fees?

This rewards credit card does not any foreign transaction fees.

Are there any other benefits?

The Amex Green credit card offers benefits like:

  1. Zero liability protection – you are not responsible for unauthorized purchases
  2. Purchase protection – covers new purchases for 120 days against damage or theft up to $500 per claim
  3. Extended warranty protection – this extends the time period for the manufacturer’s warranty
  4. Auto rental collision damage waiver – you need to decline the rental company’s collision insurance and use your card for the rental car purchase. You are covered for theft or collision incidents on most cars in the U.S and abroad. Coverage is primary to your insurance. Chase’s rental insurance will be maxed out before you use your personal car insurance
  5. Trip delay reimbursement – you are reimbursed for expenses for expenses up to $300 per trip if your common carrier travel is delayed more than 12 hours
  6. CLEAR credit – this credit reimburses up to $100 per year when you pay for your CLEAR membership with this card
  7. Lounge access credit – Amex will reimburse you up to $100 a year when you purchase lounge access through LoungeBuddy
  8. Baggage insurance plan – you are covered for eligible stolen, lost, or damaged baggage when you use your card to pay for the ticket. Checked baggage is covered up to $500 and carry-on baggage is covered up to $1,250
  9. Global assist hotline – you get 24/7 access to different kinds of services when you travel more than 100 miles from home. Services include medical, legal, financial or other select emergency coordination and assistance services, including medical and legal referrals, assistance with cash wires, passport replacement, missing luggage and more

For more information and details on their benefits, check out their benefits page.

What is the interest rate and are there any other fees?

The American Express Green Credit Card does not have an introductory APR offer. Your APR will be between 15.24% and 22.24%, but the rate you get depends on your credit score.

Their other fees include:

  1. Cash Advance fee – $10 or 5% of the amount of each cash advance, whichever is greater.
  2. Late Payment Fee –up to $40
  3. Return Payment Fee – Up to $40

For more information on their fees, check out their fee schedule.

How is the customer service like?

There are a couple of ways you can contact their customer service. The first and most common way would be to call the number on the back of the card. The second way to contact them would be through their online chat system; you would initiate this chat by logging into your account and clicking on the “Chat” icon. It’s important to note that your experience with their customer service may vary from time to time and from issue to issue depending on the agent that you get.

Should you get the American Express Green Credit Card?

Who it’s perfect for:

  1. People who travel frequently
  2. People who spend in their high rewards categories
  3. People who want the benefits and protections
  4. People who want a sign-up bonus

Who it isn’t perfect for:

  1. People who want either a no annual fee card or a low annual fee card
  2. People who spend in a variety of categories
  3. People who don’t travel often
  4. People who don’t spend a good portion of money in the high rewards categories

If you are still unsure if a rewards credit card makes sense, check out my post on Why You Should Use Rewards Credit Cards.

Additionally, if this card isn’t right for you, I invite you to check out my credit cards page for more information on other cards.

About the author

Mr. NahasFinance:


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