The American Express Business Green Card just launched a limited time offer for new applicants. But is it worth signing up? Or are there better offers available?
Here’s the scoop:
Earn 3X Membership Rewards on combined eligible purchases, up to the first $50,000 in the first three months card membership, in the following categories:
- at U.S. restaurants
- on hotel stays booked directly with hotels
- on airfare purchased directly from airlines
Earn 2X Membership Rewards for each dollar of eligible purchases through the American Express Travel website
Earn one Membership Rewards point for each dollar spent on other eligible purchases
The card has a $95 annual fee which is not waived.
Also, there’s no welcome bonus.
If you plan on making lots of restaurant and travel purchases in the next three months — enough to cover the $95 annual fee — then the American Express Business Green Card might be worth it. Especially if you have The Business Platinum Card from American Express, which gives you a 35% rebate on select airfares when you pay with Membership Rewards points. But three months of bonus earnings on everyday-ish purchases? That’s it?!
If you’re itching to get a new business credit card, here are a few other ideas — with either lower annual fees or much better points earnings.
You’re almost better off going with the American Express Business Gold Card which gives you 4X Membership Rewards on the two select categories you spend the most money each month — including restaurants and airfare (which are both offered for only the first three months of the Green Card).
Plus, you earn a 25% rebate when Paying with Points through Amex Travel.
Oh — and there’s a welcome offer of 50,000 bonus Membership Rewards points after you spend $5000 in eligible purchases within the first three months of being approved. Even though the card holds a $295 annual fee, I think it’s much more worthwhile than the Business Green Card.
Or consider Chase‘s Ink Business cards — two of which have no annual fees. (And remember we discussed how and why Chase cards can be beneficial to Delta Air Lines fans.)
The no annual fee Ink Business Unlimited offers unlimited 1.5% back on each purchase — plus a $500 welcome bonus after you spend $3000 within the first three months of being approved.
The Ink Business Cash (also no annual fee) offers 5% back on the first $25,000 you spend each anniversary year in combined purchases at office supply stores and internet, cable, and phone services. Plus, 2% back on the first $25,000 you spend each anniversary year in combined purchases at gas stations and restaurants. This, too, offers a $500 welcome bonus when you spend $3000 within the first three months of being approved. So if you’re going to put $50,000 on a card during a year and enjoy a welcome bonus (who doesn’t?!), you’ll get way better returns on this than the Business Green Card.
Finally, Ink Business Preferred ($95 annual fee) offers 3X on the first $150,000 spent in combined purchases each anniversary year on travel; shipping; internet, cable, and phone services; and advertising purchases with social media sites and search engines. Plus, you’ll earn 80,000 bonus Ultimate Rewards points when you spend $5000 within the first three months of being approved.
While limited time offers can be exciting, this one isn’t very impressive. Hopefully, the promotion will be a success and Amex will make the Business Green Card’s bonus earnings permanent.
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