Our editorial staff evaluates products and services independently, but Top Ten Reviews may earn money when you click on links. Learn More

 

Business Green Rewards Card from American Express OPEN Review

PROS / You don't have to pay interest rate charges for using this card.

CONS / If you don't pay off the card's balance each billing period, you get hit with late fees.

 VERDICT / The Business Green Rewards Card from American Express OPEN offers unique benefits to cardholders, but does not give the same freedoms as other credit cards.

The Business Green Rewards Card from American Express OPEN is not your typical credit card. Instead of accumulating a large balance and paying it off incrementally, the Business Green Rewards Card from American Express OPEN cardholders are obliged to pay their balance at the end of every month. And while paying off your balance at the end of the month might seem to eliminate the point of a credit card, the Business Green Rewards Card from American Express OPEN offers an appealing rewards program, the luxury of no interest rate, and a secure alternative to cash, winning our Top Ten Reviews Bronze Award.

APR For Purchase

In contrast to typical credit cards, American Express does not permit Business Green Rewards Card from American Express OPEN cardholders to carry a balance. Cardholders are required to pay the entirety of their balance at the close of every billing cycle. The ultimate benefit of the Business Green Rewards Card from American Express OPEN rests in the fact that you’ll never pay a dime of interest, ever. In the event that you neglect to pay down the balance on the Business Green Rewards Card from American Express OPEN, they will assess a late fee of $35 or 2.99% of the unpaid balance.

Essential Features

The ultimate purpose of the Business Green Rewards Card from American Express OPEN is to provide holders with a secure alternative to cash or debit cards. American Express provides a fraud protection guarantee against unauthorized charges. For increased peace of mind, American Express will guarantee your satisfaction on certain purchases for 90 days.

As you’d expect from a reputable credit card issuer, American Express provides clients twenty-four hour access to their accounts via the internet. And for the conscientious consumer, automatic alerts on spending, balance and payment due date can be configured online.

The Business Green Rewards Card from American Express OPEN does not have a preset credit limit. Instead, your spending limit increases as you develop your good standing with American Express. Approval for the Business Green Rewards Card from American Express OPEN requires an excellent credit score.

Additional Features

The real allure of the Business Green Rewards Card from American Express OPEN is in its rewards program. Typically, every dollar you spend yields one AmEx Rewards point. With select retailers and services you can earn extra points. Grocery and gas purchases typically earn double points.

American Express Rewards points can be redeemed on airline tickets, hotel rooms, vacation packages, cruises and spa resort vacations. American Express Rewards points can be traded with twenty-one airlines for frequent flyer miles too. You can even purchase gift certificates to popular retailers with American Express Rewards points.

Another feature we love on the Business Green Rewards Card from American Express OPEN is the valuable budgeting tool they provide, an online year-end purchasing summary—it lists your purchases by date, type, merchant, category or amount.

Fees/Charges

Signing up for the Business Green Rewards Card from American Express OPEN is free and they’ll waive the annual fee for the first year. After the first year, the Business Green Rewards Card from American Express OPEN has a $95 annual fee for the initial card and $30 per card on the account.

Help/Support

American Express is quick to cancel and replace lost or stolen cards. Their customer service agents are quick to respond to calls. When travelling, American Express has a hotline that assists cardholders with everything from lost cards, medical referrals, lost luggage retrieval, passport help and cash access.

Summary

While substantially different than most credit cards in that you cannot carry a balance, the Business Green Rewards Card from American Express OPEN is an appealing option for consumers wishing to maximize their rewards points and have a sense of security when travelling or doing business online. The Business Green Rewards Card from American Express OPEN is not for everyone, but with the promise of 0% interest payments and bonus point perks, we can comfortably recommend it to our readers.

But as we all know, generic credit cards are only a small portion of the credit card world. Check out the reviews for some of our other credit card sites. If you have excellent, or near excellent credit, you might want to consider a rewards card, which offers benefits just for using your card, no strings attached. A Business Credit Card offers benefits more suited to the business world such as hotel, flight and restaurant rewards. Students can get one of the popular Student Credit Cards to begin learning about credit. For those who may not have the best credit score, we also have sites for Credit Cards for Bad Credit and Prepaid Credit Cards.

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.