Business Green Rewards Card from American Express Review: Is It Worth Getting?

Business Green Rewards Card from American Express Review: Is It Worth Getting?

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While the Business Green Rewards Card from American Express requires businesses to have excellent credit to be approved, it only offers an OK rewards rate on eligible travel booked through American Express Travel. If you have good enough credit to be approved for the Business Green Rewards Card from American Express, you most likely have access to some of our favorite business cards.

Review: Our Thoughts on the Business Green Rewards Card from American Express

In terms of earning rewards, the Business Green Rewards Card from American Express's 2% rate on eligible travel bookings made through the American Express Travel website is pretty good. However, it's not nearly as flexible as the travel rewards offered by some other business cards. By contrast, the Ink Business Preferred℠ Credit Card will give businesses a 3.75% rewards rate on all travel purchases (for the first $150,000 of combined spending in select categories). This includes travel purchases that can't be booked through Amex Travel—and therefore wouldn't earn 2% with the Business Green Rewards Card from American Express—such as taxi rides and Airbnb nights.

Good For…
Bad For…
Businesses with lots of travel expensesOrganizations looking for a card with a large introductory spending bonus
Convenient management of employee spendingLuxury travel benefits such as free checked bags and lounge access

One area in which this card really falls short is its lack of a significant introductory welcome bonus. While this is only a short-term benefit, a sizable welcome bonus can go a long way in terms of justifying a card's annual fee. For example, the Capital One Spark Cash for Business' limited time offer—Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening—is enough to cover its annual fee: $0 intro for first year; $95 after that.

Card
Annual Fee
Business Green Rewards Card from American Express$0 intro annual fee for the first year, then $95 See Rates & Fees
American Express® Business Gold Card$295 See Rates & Fees
Capital One Spark Cash for Business$0 intro for first year; $95 after that
Ink Business Preferred℠ Credit Card$95

Bottom Line: If you are interested in an AmEx business card, you should go with American Express® Business Gold Card.

Benefits and Features

Businesses with the Business Green Rewards Card from American Express will earn 2X points for each $1 you spend on eligible purchases at amextravel.com and 1 point for each $1 you spend on other purchases. Cardholders are not limited in the amount of rewards they can earn. We estimate the value of each point to be 1 cent.

Membership Rewards points can be used for travel purchases through American Express Travel. They can also be redeemed as gift cards and shopping as well as transferred to a number of airline and hotel frequent travel partners, including Delta, British Airways and Hilton. There is a transfer fee of 0.06 cents per point, which is capped at $99 per transfer. However, transferring points can still be an excellent value, as transferred points can be worth as much as 1.2 cents each—a 14% increase in value after accounting for the fee.

For rates and fees of the Business Green Rewards Card from American Express, please click See Rates & Fees.

How Does the Business Green Rewards Card from American Express Compare to Other Cards?

When you're shopping around for credit cards, it is important to consider how a card compares to other available offers. This gives you a better frame of reference for the value of a card. Below, we have compared the Business Green Rewards Card from American Express to some of our favorite business cards available.

Business Green Rewards Card from American Express vs Ink Business Preferred℠ Credit Card

  • On Chase's Secure Website

The Ink Business Preferred℠ Credit Card is one of our favorite credit cards for businesses, and it is superior to the Business Green Rewards Card from American Express in almost every way. It features a fantastic 3.75% rewards rate for travel, advertising, internet and phone services, and shipping for the first $150,000 in combined purchases, plus 1.25% on all other spending. For travel purchases, this means you will be earning almost 90% more rewards than you would with the Business Green Rewards Card from American Express.

The Ink Business Preferred℠ Credit Card also features the following: Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. We estimate this to be worth more than the Business Green Rewards Card from American Express's welcome bonus. Because of the increased rewards earning potential, we recommend the Ink Business Preferred℠ Credit Card over the Business Green Rewards Card from American Express.

Highlights:

  • Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
  • Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.
  • $95 annual fee
  • Ink Business Preferred℠ Credit CardFull Review

Business Green Rewards Card from American Express vs American Express® Business Gold Card

The American Express® Business Gold Card offers some of our favorite rewards for a business card. Users are able to get top rewards points on the two categories where your business spends the most each month: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month*. These points apply to the first $150,000 in combined purchases from the two categories each calendar year. We value each point to be worth $0.01 each, therefore we estimate that the card has a rewards rate of up to 4% (on the first $150,000 in combined purchases from two categories). That's a highly competitive rewards rate. The card also comes equipped with some business friendly features, including year-end summaries and the ability to add employee cards with a no annual fee option. The categories where you're eligible to earn up to 4 points are listed below:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media (online, TV, radio)
  • U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
  • U.S. purchases at gas stations
  • U.S. purchases at restaurants
  • U.S. purchases for shipping

Highlights:

For rates and fees of the American Express® Business Gold Card, please click here.

Business Green Rewards Card from American Express vs Capital One Spark Cash for Business

  • On Capital One's Secure Website

The Capital One Spark Cash for Business offers a solid rewards rate—2% Cash Back for your business on every purchase, everywhere. However, the biggest difference between the two cards is that the Business Green Rewards Card from American Express gives businesses cash-back rewards that can be used for any purchase. By contrast, the Membership Rewards points that the Business Green Rewards Card from American Express earns are worth far less when used for cash back than when transferred or redeemed for travel through American Express Travel. Businesses that don't want to have to work to figure out the best redemption options should go with the Capital One Spark Cash for Business.

Highlights:

  • 2% Cash Back for your business on every purchase, everywhere
  • Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • $0 intro for first year; $95 after that annual fee
  • Capital One Spark Cash for Business Full Review

The information related to the Ink Business Preferred℠ Credit Card and Business Green Rewards Card from American Express has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.Terms apply to American Express credit card offers. See americanexpress.com for more information.

$0 intro annual fee for the first year, then $95

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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).