The American Express Business Green Card Review for 2020

Unlock affordable rewards by doing your business spending on the AMEX Business Green Rewards Card.

Overview

Quick Guide

The American Express Business Green Card offers solid rewards points and the flexibility to spend big on your business, as long as you can pay your balance in full every month. The welcome offer of 15,000 points after spending $3,000 on eligible purchases in the first 3 months allows you to start earning right away.

American Express Business Green Card Rates

The American Express Business Green Card is a business charge card, so no APR will apply.

However, this doesn’t mean you won’t pay for carrying a balance.

Actually, the opposite is true—charge cards operate on the assumption that you will pay your balance in full every month, so you’ll pay costly late fees on overdue spending rather than your run-of-the-mill APR.

For any overdue payment you carry on this American Express business credit card, you’ll have to pay either $39 or 2.99% of any past due amount, whichever is greater.

If you’re not sure that you’ll be able to pay your balance off in full every month, the AMEX Green Card, or any charge card for that matter, is probably not the right card for you.

Look into business credit cards instead if you’re planning on carrying a balance from month to month.

American Express Business Green Card Rewards: Welcome Offer

You can earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases with the Business Green Rewards Card within the first 3 months of card membership.

You’ll be able to redeem these points for a variety of things, from Amazon purchases to travel.

American Express Business Green Card Rewards: Ongoing Offer

As you spend with the AMEX Business Green Card, you’ll earn Membership Rewards points at a standard rate of 1 point per dollar spent generally and 2 points per dollar spent on travel booked through amextravel.com.

This means that any hotel, flight, or other travel-related purchase you make through AMEX’s portal will earn you double the points. And that can really add up quickly if you spend strategically.

American Express Business Green Card Annual Fee

As an American Express Business Green cardholder, you’ll have to pay a $95 annual fee. However, AMEX will waive it for the first year.

Compared to the annual fees of the other charge cards—like $595 for the Platinum Card and $250 for the Plum Card—the AMEX Green Card’s annual fee seems like small change.

Is the AMEX Business Green Rewards Right for You?

Get the American Express Business Green Card if:

  • You don’t want a credit limit on your business spending.
  • You want access to a quick welcome bonus.

Skip the American Express Business Green Card if:

  • You’ll need to carry a balance.
  • You’re not willing to pay an annual fee for your business credit card.

Why the Business Green Card?

Easy-to-Access Welcome Offer

Though the AMEX Business Green Card doesn’t quite stack up to its competitors size-wise, the welcome offer where you can earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases in the first 3 months of card membership is a good deal.

If your business already spends big on restaurants, on hotel stays booked directly with hotels, and on airfare purchased directly from airlines, then this welcome offer will benefit you.

Flexible Spending

Charge cards function a little differently from credit cards, and because of this, they come with their own perks and downsides.

Though you can’t carry a balance on a charge card without incurring hefty fines, you also won’t have to deal with the hassle of the credit limit that a credit card will come with.

And the AMEX Green Business Card is no exception.

Because it’s a charge card, the Green Card will give you the flexibility you need to spend big on your business.

Keep in Mind Before Signing on With the Business Green Rewards

No Balances from Month-to-Month

Though charge cards like the AMEX Business Green Card come with more flexible spending options than credit cards, they also come with their disadvantages.

Specifically, if you spend with a charge card, you’re expected to pay your balance in full every month. If you aren’t able to do so, you start incurring costly late fees immediately.

If you don’t pay your balance in full on time, you’ll have to pay whichever ends up being more— $39 or 2.99% of the overdue balance.

These late fees will end up costing you way more than the APR’s on business credit card balances.

As such, stick to business credit cards instead of the Green Business Charge Card if you’re not sure you’ll be able to pay off your balance in full every month.

Annual Fee

Though the American Express Business Green Card’s annual fee feels like small change next to its more expensive counterparts, $95 a year is still a pretty significant sum, even though it is waived the first year.

If you’re not willing to pay an annual fee for your business credit card, you should look into the many $0 annual fee business credit cards available on the market.

Even if you are willing to pay an annual fee for your business credit card, the truth is that you can probably find a card that has a comparable annual fee but offers more substantial rewards.

Let’s take a look at other options that might suit you better than the AMEX Business Green Card.

Note: All information about the Amex Business Green Card has been collected independently by Fundera. Fundera does not receive a commission for this product.

Top Alternatives to the American Express Business Green Card

Credit Card

Ink Business Cash® Credit Card

Great For: Typical business expenses
Apply Now
on Chase's secure website
  • $750 signup bonus if you spend $7,500 in first 3 months
  • 0% intro APR for 12 months on purchases
  • 5%, 2% or 1% cash back depending on where you spend
  • Intro APR

    -

  • Regular APR

    13.24% - 19.24% Variable

  • Annual Fee

    -

  • Minimum Credit

    660-699

In This Review