AmEx Business Green Rewards Card Review (2019.11 Update: 15k Best Ever Offer!)

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[2019.11 Update] – A 15k MR offer is now available after spending $3k in 90 days. This represents the all-time best signup bonus on this card. This bonus is still not very attractive unless you have exhausted all other AmEx MR signup bonuses.

Application Link

Benefits

  1. 15k Offer: earn 15,000 Membership Rewards (MR) points after spending $3,000 in the first 3 months.
  2. We estimate that MR are worth about 1.6 cents/point, see below for a brief introduction. So the 15k highest sign-up bonus is worth about $240.
  3. Earn 1x MR point on everything.
  4. With this card, you can get access to Amex Offer, which usually offers very good discounts at some stores, such as: spend $15 or more and get $5 back at Walmart; spend $75 or more and get $25 back on Amazon.com.
  5. Refer a friend: You can earn 5,000 bonus MR points for every approved account you refer, up to 55,000 MR points per calendar year.
  6. This card is very easy to get approved, because it is a charge card, not a credit card. Charge card means that you don’t have an option to make a minimum payment, you have to pay your balance in full on the due date. Charge card applications will also result in a hard credit pull, similar to credit card applications.
  7. Charge Cards have no pre-set spending limit.

Disadvantages

  1. $95 annual fee, waived for the first year.
  2. It has foreign transaction fee, so it’s not a good choice outside the US.

Introduction to MR Points

  • You can earn MR points with AmEx ED, AmEx EDP, AmEx Green, AmEx Gold, AmEx Platinum, AmEx Platinum for Ameriprise, AmEx Platinum for Schwab, AmEx Platinum for Morgan Stanley, AmEx Blue Business Plus, AmEx Business Green, AmEx Business Gold, AmEx Business Platinum, etc.
  • The MR points you earn on different MR cards will automatically go to the same MR account.
  • MR points never expire. You will not lose the MR points on one card if you close the account, but you will lose all of the MR points if you close all of the MR cards. In order to avoid losing your MR points, we recommend to keep the no annual fee AmEx ED.
  • If you have any of the MR cards, MR points can be transferred to some airline miles. One of the most common and best way to use MR points is to 1:1 transfer them to All Nippon Airways (ANA, NH) miles (Star Alliance). Other good options are: Air Canada (AC) (Star Alliance), Delta Air Lines (DL) (SkyTeam), British Airways (BA) (Oneworld), Asia Miles (Oneworld), Singapore Airlines (SQ) (Star Alliance), Flying Blue (SkyTeam), Virgin Atlantic (VS) (Non-alliance), etc. If you use MR in this way, the value is about 1.6 cents/point.
  • If you have any of the MR cards, you can redeem your MR points at a fixed rate about 1 cent/point towards air tickets on AmEx travel portal.
  • If you have AmEx Platinum for Schwab, you can redeem your MR points at a fixed rate 1.25 cents/point towards cash. If you don’t want to spend time studying airline miles, this is a pretty good way to cash out the points. If you don’t have this card, you can only redeem your MR points at a fixed rate 0.6 cents/point towards cash.
  • In summary, we estimate that MR points are worth about 1.6 cents/point.
  • For more information about MR points, see Maximize the Credit Card Points Values (overview), and Introduction to MR: How to Earn and Introduction to MR: How to Use (very detailed).

Recommended Application Time

  1. You can only get the welcome bonus once in a lifetime, so be sure to apply when the historical highest offer appears.
  2. AmEx doesn’t care about the number of hard pulls.
  3. You can try to apply for it when you have a credit history of 6 months.

Summary

This is not a good card. However, considering you can apply for multiple AmEx cards in one day to combine hard pulls, and charge cards does not count towards AmEx’s 5 credit card limit, I believe some people still want to apply for this card and get the bonus. I don’t think the card is worth keeping long term, so if you decide to apply for this card and cancel after the first year but need to keep your MR points active, you can apply for the no annual fee AmEx EveryDay or AmEx Blue Business Plus.

Recommended Downgrade Options

  • You can not downgrade this card to any card with no annual fee, so I suggest you close it when you don’t want to keep it any longer.

After Applying

  • Click here to check AmEx application status.
  • AmEx reconsideration backdoor number: 877-399-3083. The “real” backdoor number of Amex is well protected. Different from Chase, the representatives from this AmEx reconsideration backdoor number only have the right to help you submit requests.

Historical Offers Chart

Application Link


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