Editor’s Note: All information about the American Express Business Green Rewards Card has been collected independently by Fit Small Business.
The American Express Business Green Rewards Card is a charge card that offers premium rewards on flights and hotel stays. It typically requires you to pay your full balance every month, but it offers a Pay Over Time option on eligible purchases that lets you carry a balance with an annual percentage rate (APR). It has no preset spending limits and comes with a low annual fee. However, it doesn’t allow cash advances and balance transfers.
To see how this card stacks up against others we have reviewed on our site, click Add to Compare on the card below and select up to two additional cards for comparison.
Business Green Rewards Card from American Express
BEST FOR:
Employee expense management solutions
Intro APR
N/A
Regular APR
19.24% (Prime Rate + 10.99%) to 27.24% (Prime Rate + 18.99%)
Annual Fee
$0 introductory annual fee for the first year, then $95
Credit Needed
Good, Excellent
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases with the Business Green Rewards Card within the first three months of Card Membership.
- Earn one Membership Rewards® point for each dollar you spend on eligible purchases
- Choose rewards from over 500 leading brands in travel, gift cards, merchandise or entertainment
- $0 introductory annual fee for the first year, then $95
- Terms & limitations apply
Pros
- Flexible spending limit
- Option to pay over time
- Bonus rewards
Cons
- No cash advances or balance transfers
- No zero foreign transaction fee
- No introductory 0% APR offer
- Purchase protection: Covers purchases that were either stolen or damaged within 120 days from the purchase date. Coverage is limited to $1,000 per occurrence and $50,000 per year.
- Extended warranty protection: Provides extended warranties on purchases with original manufacturer’s warranties of up to five years. The issuer offers up to two years of additional coverage.
- Travel accident insurance: You’ll have coverage of up to $100,000 for losses that happen within 100 days after the date of the accident which caused the injury.
Intro APR
N/A
Regular APR
19.24% (Prime Rate + 10.99%) to 27.24% (Prime Rate + 18.99%)
Annual Fee
$0 introductory annual fee for the first year, then $95
Credit Needed
Good, Excellent
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases with the Business Green Rewards Card within the first three months of Card Membership.
- Earn one Membership Rewards® point for each dollar you spend on eligible purchases
- Choose rewards from over 500 leading brands in travel, gift cards, merchandise or entertainment
- $0 introductory annual fee for the first year, then $95
- Terms & limitations apply
Pros
- Flexible spending limit
- Option to pay over time
- Bonus rewards
Cons
- No cash advances or balance transfers
- No zero foreign transaction fee
- No introductory 0% APR offer
- Purchase protection: Covers purchases that were either stolen or damaged within 120 days from the purchase date. Coverage is limited to $1,000 per occurrence and $50,000 per year.
- Extended warranty protection: Provides extended warranties on purchases with original manufacturer’s warranties of up to five years. The issuer offers up to two years of additional coverage.
- Travel accident insurance: You’ll have coverage of up to $100,000 for losses that happen within 100 days after the date of the accident which caused the injury.
When grading travel rewards business credit cards like the American Express Business Green Rewards Card, we first consider ongoing rewards, introductory rewards, and additional features, like travel perks offered. We also evaluate the card’s annual fee, introductory 0% APR period, and ongoing APRs.
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Introductory Rewards | ||
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Annual Fee | ||
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| Total Score |
Who the American Express Business Green Rewards Card Is Best For
- Business owners who travel frequently: The American Express Business Green Rewards Card lets you earn premium rewards on flights and hotel stays that you can redeem for travel expenses—and it also offers travel perks.
- Business owners who need flexible credit limits: This card has no preset spending limit—the amount you can spend adapts based on factors such as your purchase, payment, and credit history.
- Business owners who can pay their balance in full each month: Unless your purchases qualify for the Pay Over Time feature, you need to pay your balance in full each month. Otherwise, you’ll be charged with hefty penalty APRs and late payment fees.
If this card is not what you’re looking for, consider one of our recommended alternatives below.
American Express Business Green Rewards Card Rewards
- 15,000 Membership Rewards® points after spending $3,000 in eligible purchases (i.e., purchases for goods and services minus returns and other credits) within the first three months of opening an account
- 2x points per dollar spent on flights and prepaid hotel stays booked on amextravel.com
- 1x points per dollar spent on all other eligible purchases
There’s no limit to the number of points you can earn, and points don’t expire as long as your account remains open and in good standing. Note that the following are not considered eligible purchases and, therefore, will not earn rewarding points:
- Fees or interest charges
- Purchases of traveler’s checks
- Prepaid cards reload
- Purchases of gift cards
- Person-to-person payments
- Purchases of other cash equivalents
The value of your points varies according to how you choose to use them. Here are a few ways to redeem your points and their corresponding value:
- Pay with points at checkout: When you use your points to pay at checkout in selected merchants, such as Amazon, Best Buy, PayPal, Staples, Dell.com, and more), rewards are worth between 7/10ths of a cent and 1 cent per point, depending on the merchant.
- Redeem for gift cards: When points are redeemed for gift cards, they are worth between 5/10ths of a cent and 1 cent per point, depending on the merchant.
- Use as a statement credit: You can use your points to cover your credit card charges—1x point is equivalent to 6/10ths of a cent.
- Book or upgrade travel: You can also redeem points for travel and hotel stays at American Express Travel—the value per point ranges from between 5/10ths of a cent and 1 cent.
- Transfer points to a frequent traveler program: If you choose to transfer your points to a frequent traveler program, the program partners will determine how many points are required to get rewards in specific programs. Note that this requires an additional fee of 6/10ths of a cent per point, with a maximum fee of $99, which will be charged to your credit card account.
- Shop with merchant partners: You can use your rewards to shop with American Express merchant partners to cover all or part of your purchase. For this redemption option, points are worth 5/10ths of a cent each.
For more information on how to redeem your Membership Rewards points and their corresponding value, visit American Express’s membership rewards calculator page.
American Express Business Green Rewards Card Features
Cash Flow Flexibility
- Pay Over Time option: The Pay Over Time option lets you carry a balance with interest on eligible purchases. These purchases can be paid over time, up to the amount of your account’s Pay Over Time limit. You have the option to pay for these purchases over time with interest, or you can pay your full balance each month. All charges not included in a Pay Over Time balance must be paid in full.
- No preset spending limit: This feature allows you to adapt the amount you can spend based on factors like your purchase, payment, and credit history.
Expense Management
- QuickBooks integration: Save time with QuickBooks through its auto-expense categorization system. Once enrolled, your American Express Business Green Rewards Card transactions are tagged automatically with your QuickBooks categories.
- Year-end summary: See a complete summary of your spending categorized by month and purchase type at the end of each year. This will help you track your business expenses down to the last detail.
- Free employee cards: Add employee cards at no additional cost. Plus, points earned from employees’ purchases are credited to your main account.
- Vendor pay by Bill: Use your card to pay bills with vendor pay using the Bill website and take advantage of a more streamlined cash flow. Enroll for the Basic plan without having to pay a monthly fee for the first user and no fee for the second user for six months. After six months, you’ll need to pay a $15 monthly fee for the second user.
Travel
- Car rental loss and damage insurance: When you rent a car, you are covered with car rental loss and damage insurance if you pay for the entire rental using your American Express Business Green Rewards Card and decline the collision damage waiver offered by the rental company.
- Baggage insurance plan: The baggage insurance plan offers coverage for any bags lost in direct transit. It provides coverage up to $1,250 for carry-on bags and up to $500 for checked baggage, in excess of coverage provided by the common carrier.
- Global Assist® hotline: When traveling farther than 100 miles from home, the Global Assist® hotline provides access to medical, legal, financial, or other emergency services, and is available 24 hours a day. This hotline only connects you to third-party providers but doesn’t pay for their services—the cardholder will be responsible for any fees charged by third-party providers.
Purchases
- Purchase protection: The American Express Business Green Rewards Card covers purchased items that were either stolen or damaged within 90 days from the purchase date.
- Extended warranty protection: American Express will extend the original manufacturer’s warranty for one additional year on warranties of five years or less. To be eligible, purchases must be made in the United States or its territories or possessions.
American Express Business Green Rewards Card Fees
APR
- Introductory APR: None
- Ongoing APR: If invited to use the Pay Over Time feature, APR ranges from 19.24% to 27.24% variable, which adjusts with the Prime rate
- Penalty APR: 29.99% variable, which adjusts with the Prime rate. Applies to your account when:
- You make late payments twice in a 12-month period
- You fail to pay the minimum payment due by the closing date of the current billing period, and you still do not pay it by the closing date of the next billing period
- Your payment is returned
Fees
- Annual fee: $95
- Balance transfer fee: Transfers not allowed
- Foreign transaction fee: 2.7% of each transaction after conversion to United States dollars (USD)
- Cash advance fee: Cash advances not allowed
- Late payment fee: $39 or 2.99% of any past due Pay In Full amount, whichever is greater
- Returned payment fee: $39
Note that American Express Business Green Rewards card does not offer an interest-free financing option on purchases. However, it offers a Pay Over Time feature that can help ease the monthly repayment requirement. The Pay Over Time feature allows cardholders to pay charges over time with interest. If you’re enrolled, eligible charges will be shown automatically in your Pay Over Time balance on your credit card statement.
- Online: Pay your balance through your American Express online account anytime. Choose your payment account and select your bank account and payment date. Note that credit cards and debit cards cannot be accepted as a form of payment.
- Amex mobile app: Download the Amex mobile app and enjoy the convenience of paying your bills on the go at any time.
- Direct bank payment: Pay bills automatically through direct debits so you don’t have to worry about missing due dates. Ensure to provide your bank account details to American Express and let them know the amount you’d like to pay every month.
- AutoPay: Enroll in AutoPay through your American Express online account. Note that your first AutoPay payment may not be applied to your current billing cycle—you may need to make your usual payments until your AutoPay begins.
- Mail: Mail your payment either by check or money order made payable to American Express. Ensure to include your account number at the front of your payment.
First Class Mail
American Express
PO Box 650448
Dallas, TX 75265-0448
Express Mail
American Express
Attn: Express Mail Remittance Processing
20500 Belshaw Ave.
Carson, CA 90746
American Express Business Green Rewards Card Alternatives
American Express Business Platinum Card®
The Business Platinum Card® from American Express
BEST FOR:
Gaining access to unrivaled travel rewards and luxury travel perks like airport lounge access
Intro APR
N/A
Regular APR
19.49% - 27.49% Variable
Annual Fee
$695
Credit Needed
Good, Excellent
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
- $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use your Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or an $85 statement credit for TSA PreCheck® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
Intro APR
N/A
Regular APR
19.49% - 27.49% Variable
Annual Fee
$695
Credit Needed
Good, Excellent
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
- $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use your Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or an $85 statement credit for TSA PreCheck® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
- Best suited for traveling business owners who prefer to travel overseas luxury with non-stop travel perks
- Offers perks including car rental upgrades, gold status at Marriott Bonvoy and Hilton Hotels and resorts, complimentary access to more than 1,400 airport lounges under The Centurion Lounge, and many others
- Comes with an annual fee of $695
- Offers an introductory 0% APR within the first 12 months of account opening
- Lets you earn bonus rewards of 100,000 points after spending $15,000 within the first three months of account opening
- Is our top-recommended business credit card with lounge access and one of our top choices for the leading small business credit cards
Bank of America® Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend.
- No limit to the amount of points you can earn and points don't expire.
- You can earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: This is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory APR only applies to purchases
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend.
- No limit to the amount of points you can earn and points don't expire.
- You can earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: This is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory APR only applies to purchases
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
- Best for business owners who have existing business deposit accounts with Bank of America
- Rewards are worth up to 75% more for existing depositors who qualify for the Preferred Rewards for Business
- Offers 1.5x points for every dollar spent on any business purchase and 3x points for every dollar spent if you book through the Bank of America® Travel Center
- Lets you earn a welcome offer of 30,000 points after spending $3,000 within the first three months of account opening
- Comes with a 0% APR period for the first nine billing cycles
- Has zero foreign transaction fees and no annual fees
- Is one of our top-ranking business credit cards with no foreign transaction fees
Capital One® Spark® Miles Select for Business
Capital One® Spark® Miles Select for Business
BEST FOR:
Travel rewards and annual spending less than $19,000
Intro APR
None
Regular APR
18.49% to 24.49% variable
Annual Fee
$0
Credit Needed
Excellent
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% annual percentage rate (APR) balance transfer offer
- Limited list of airline partners
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12-month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Intro APR
None
Regular APR
18.49% to 24.49% variable
Annual Fee
$0
Credit Needed
Excellent
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% annual percentage rate (APR) balance transfer offer
- Limited list of airline partners
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12-month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
- Best for frequent travelers who want to earn fixed-rate rewards
- Offers 1.5x miles per dollar on all business purchases and 5x miles per dollar if you use the card to book hotels and rental cars with Capital One Travel
- Charges no annual and foreign transaction fees
- Comes with 0% introductory APR on purchases for the first nine billing cycles after opening an account
- Offers an introductory bonus of 20,000 miles after spending $3,000 on purchases within the first three months of card ownership
- Is our top business credit card for travel and one of the most outstanding business credit cards for miles
If you prefer another credit card from American Express, check out our review of the best American Express credit cards. You may also want to take a look at our list of the top-ranking small business credit cards.
Bottom Line
The American Express Business Green Rewards Card is best for business owners who travel frequently, need a flexible spending limit, and can pay their balance in full every month. It’s important to note that while it comes with an invite-only Pay Over Time feature, not all charges may be eligible.
