American Express® Business Green Rewards Card

• Get 5,000 Bonus Points with your first purchase and earn one Membership Rewards® point for virtually every dollar you spend.
• First year free
• No preset spending limit*

Just The Facts -

Issuer :  American Express

APR : Variable and dependent on your credit rating.

APR On Purchases : Variable and dependent on your credit rating.

APR On Cash Advances :  Variable and dependent on your credit rating.

Annual Fee : First year is free and then there is an annual charge of $95 provided that you register for the card online! Otherwise you pay the full annual fee.

Credit Line Possible : The American Express Business Green Rewards Card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources.

Insurance included :  Auto rental insurance, a purchase protection plan, extended warranty, return protection, identity theft protection and up to $100,000 in travel accident insurance are included with the American Express Business Green Rewards Card.

Financing Configuration - Interest is calculated on your average daily balance (including purchases made on that day).

Grace Period - You have thirty days after making a purchase during which you do not have to pay interest.

The Best Thing About It - You get 5,000 Bonus points in the esteemed American Express Membership Rewards program when you use the card on your first purchase.

The Worst Thing About It - The American Express Business Green Rewards Card does not allow balance transfers!

Credit Rating Needed For Acceptance :  Excellent credit only.

Who Is It For?

American Express Business Green Rewards Card is ideal for small business owners who want to keep accurate track of where money is spent and who want a rewards program with a business expense discounts and cash backs. This is a charge card, which means that all charges made on this card must be paid in full each billing period. However, this may be an ideal option for those who want to avoid accumulating credit card debt. 

The Benefits

You become enrolled in American Express Membership Rewards program for no fee. This program offers one of the best and most flexible reward programs in the credit card industry due to the variety of merchandise and services that can be redeemed for accumulated points. In addition, there is no limit on the number of points that can be earned, and points never expire.

You get a 5,000 Membership points once you are accepted.  Points are redeemable for services and products sold at Hertz, Kinko's, Delta Hotels and other business related outlets.

Your Green Card points never expire.  Your points have no cap and they are good to use until you are ready to go.

You can transfer your Business Green Card OIPEN points to many different frequent flier programs. Transfer points into 11 frequent flyer programs. Usually a dollar equals a point with most programs

You manage your American Express Business Green Rewards Card account online.  This card comes with an online account that provides the convenience of paying your credit card bill online.

You can print out a Year End Summary. Organizing your expenses is simple - all you have to do is download the summary and print it out. It is an indispensable tool for preparing taxes and budgeting. You may also receive a paper Year End Summary in the mail by calling the number on the back of your Card.

You have a Return Protection Plan. If you try to return a designated item and the merchant won't take it back, American Express will refund the full purchase price, up to $300 per item as long as you contact them within 90 days of the purchase.

You have extra protection from theft or loss of your American Express Business Green Rewards Card while traveling. American Express provides quick emergency cash and emergency card replacement should your card be stolen.

You have a great deal of travel insurance. The American Express Business Green Rewards Card offers $100,000 in travel insurance.

The card comes with a Global Assist Hotline. Whenever you travel more than 100 miles from home, you are protected at all times with medical, legal, financial or other emergency assistance, including medical and legal referrals, visa/passport help, cash access, lost luggage and more.

The Drawbacks

The annual fee is high. The annual fee for the American Express Business Green Rewards Card zooms to $125 after one year of being free.

Duplicate cards for family are not free. Additional cards cost $35 each.

Monthly payments are applied to purchases first.  The amounts that you pay monthly are not applied to the highest interest garnering activities such as taking out a cash advance.  This can make it longer to pay off your debt.

The Return Coverage is limited. Coverage is limited to $300 per item, excluding shipping and handling, and up to a maximum of $1,000 annually per Card Account and is subject to additional Terms, Conditions and Exclusions.

Fees To Watch Out For

Late payment fee :  $0 to the greatest of $30 or 2.9%

Over the Limit Fee : $30

Duplicate card fee :  $35

To Summarize -

The American Express Business Green Rewards Card is best for the small business owner with good credit who travels quite a bit and does not plan to carry a balance on the card from month to month.  You are not allowed to transfer a balance.