|Highlights||Credit Card Feature|
|Things We Like||Earn 5,000 Membership Rewards® points after your first purchase on the Card|
|Our Least Favorite||$0 introductory annual fee for the first year, then $95|
|Our Verdict||Great card to earn points when you spend on travel with American Express|
Rates & Fees Terms Apply
The Business Green Rewards Card from American Express OPEN is a charge card from American Express, a GET.com advertiser, for business owners who want to earn rewards on their everyday business spending and who will pay their balance in full each month. If you spend a lot of money on travel purchases, you might want to consider this card as an option since you can earn double points for each dollar of eligible purchases made when you book on the American Express Travel Website, plus 1 point per dollar spent on other eligible purchases.
After reading through the fine print of this card, I have come up with a summary of the pros and cons about the Business Green Rewards Card from American Express OPEN so that you can look it over and decide for yourself if this is a good choice of business card for you.
Things We Like About Business Green Rewards Card from American Express OPEN
The 5,000 bonus Membership Rewards® points you earn after you make your first purchase. You earn 5,000 bonus points just by making your first eligible purchase with this business card, regardless of the purchase you make. You will receive these bonus points even if your first purchase only consists of some office supplies or a box of staples. Do note that this first purchase must be made within the first 365 days of account opening.
You earn 2 points for each dollar you spend on travel with American Express. Earn double points when you book air, prepaid hotel, vacation packages (flight + hotel packages), American Express Vacations packages or cruise reservations with the American Express Travel Website. Eligible travel purchases do not include car reservations and non-prepaid hotels. Make sure to pay with this business card.
You earn 1 point for each dollar you spend. You will receive 1 point for every dollar you spend on each of your purchases.
Employee card at no extra cost. You pay a $0 annual fee for employee cards, so if you have employees and want to give them employee cards to use for business transactions, you can save money with this benefit. Employee cards make it easy to track employee business-related spending because each transaction posts to just one main business card account.
Solid business tools. One of the main benefits of using a payment card account for your business is that all your payment information is recorded and easily accessible. Here are additional benefits that this card gives you:
- ReceiptMatch: This app lets you add receipts, tags and notes to your transactions either via a computer or mobile device. That means both you and your employees can easily capture receipts and add relevant tags or a note on the go.
- Account Manager: If you have a trusted business partner, employee or accountant, you can give them access to manage your account, including tasks like making payments, disputing charges and reviewing statements.
- Apps: Amex OPEN apps for your phone or tablet make it possible for you to check your balance, pay your bill and perform other basic tasks relating to account management.
- OPEN Forum®: This is a idea we would like to see more card issuers try out. This forum provides information relevant to business owners, including shared experience from other business owners.
OPEN Savings® benefit. As a business card from American Express OPEN, you get up to a 10% discount or up to 4 additional points for each eligible dollar spent at OPEN Savings merchants.
The Membership Rewards program. The points you earn with this card can be redeemed for practically anything, which means that regardless of whether you like redeeming your accumulated points to pay for travel, gift cards or to purchase office supplies, you will be able to so with this card.
You don't have a pre-set spending limit Since this is a charge card, you won't be able to carry a balance, but you also won't have to pay any interest. This card has no pre-set spending limit. That doesn't mean you get unlimited spending power, but it does mean that your spending limit adjusts based on your use of the card, as well as your payment history, credit record, other financial resources known to American Express, and other factors.
Travel insurance. Using this card to pay for travel bookings is a good idea all around, because doing so gives you complimentary travel insurance coverage. Here's the coverage you get:
- Car rental loss and damage insurance
- Baggage insurance
- Travel accident insurance
Shopping benefits. When you pay for purchases using this card, you benefit from purchase protection (your purchases may be reimbursed in the event of acidental damage or theft) and extended warranty (you might get an extension on the original manufacturer's warranty).
Our Least Favorite Things About Business Green Rewards Card from American Express OPEN
$0 introductory annual fee for the first year, then $95. After the first year, you will have to pay an annual fee of $95 in order to remain a cardholder.
How Other Cards Compare With Business Green Rewards Card from American Express OPENThe Business Gold Rewards Card from American Express OPEN is another rewards card from American Express, and depending on how you spend, you may end up with a lot more rewards by using this charge card. Granted, it does have a $0 introductory annual fee for the first year, then $175 (Business Green Rewards Card from American Express OPEN comes cheaper at $0 introductory annual fee for the first year, then $95), but if your business spends a lot, the Membership Rewards you earn could more than make up for that. You get to choose 1 purchase category out of 5 categories, and you will get 3x points per $1 spent on purchases in that category. In addition to that, you get 2X points on the 4 remaining categories (3X and 2X apply to the first $100,000 of purchases in each of the 5 categories per year) and 1X point per $1 on other purchases charged to this card. The business tools, as well as the travel and purchase benefits, are pretty similar to those you get with Business Green Rewards Card from American Express OPEN. The welcome offer of 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within the first 3 months of Card Membership is more impressive than the rather paltry bonus you get with Business Green Rewards Card from American Express OPEN. However, you do pay $50 for the first employee card after the $0 introductory annual fee the first year (additional employee cards have no fee). Business Green Rewards Card from American Express OPEN, by contrast, has a $0 annual fee for each additional employee card. So if rewards aren't a big deal for your business, or if the categories for high rewards don't match your spending, you can come out a lot cheaper and get most of the same business perks by using Business Green Rewards Card from American Express OPEN.
U.S. Bank Business Edge™ Select Rewards comes with a bonus offer of 10,000 bonus points earned by spending $500 on net purchases within 90 days of account opening. This credit card lets you earn 3 points for each $1 of net purchases (net purchases are purchases minus returns and credits) in 1 category you choose from a selection of 3: Automobile, Day-to-Day Expenses or Travel & Entertainment. There's no limit on the total points you can earn, and every other $1 of net purchases earns 1 point. Although the rewards program isn't, in our opinion, as comprehensive as comprehensive as the Membership Rewards program from Amex, you have the option of redeeming points for statement credits, travel, merchandise and U.S. Bank rewards cards and popular merchant gift cards. The highlights of this card are the fact that it has no annual fee and, because it is a credit card (Business Green Rewards Card from American Express OPEN is a charge card}}), it gives you a 0% intro APR on purchases for 9 billing cycles with a 12.74% - 18.74% variable APR afterwards. So if you prefer the flexibility of being able to carry a balance on your card account, U.S. Bank Business Edge™ Select Rewards is a good rewards alternative.
Business Green Rewards Card from American Express OPEN is the classic Amex card for business and gives you all the basic features that you would expect to find on a top business charge card, including rewards.
Business Green Rewards Card from American Express OPEN is a good choice of business charge card for you if you want to earn rewards on all your business spending. You will receive 5,000 bonus points after making your first eligible purchase.
American Express origins as a travel-based financial service provider are apparent in this business version of the classic green card. Business owners who spend a lot on travel purchases and enjoy convenience will be rewarded with 2 points for each dollar of eligible American Express Travel booking purchases. Membership Rewards points can also be redeemed for travel purchases through Amex travel service. And since this is an American Express OPEN card, you will enjoy their 24/7 customer service and support, a support community, and outstanding benefits.
The most important thing to note about this card is that it is a charge card that requires you to pay your balance in full each month, and this may appeal more to business owners who don't need a line of credit. Terms & limitations apply.
However, if you prefer a line of credit and are likely to hold balances on your card, you should go for a credit card instead. You could check out SimplyCash® Plus Business Credit Card from American Express, a cash back credit card by American Express (read our review of SimplyCash® Plus Business Credit Card from American Express here).
Katrina Gutierrez is a writer at GET.com. Email: firstname.lastname@example.org.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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