American Express Green Card Annual Fee: Is it Worth it?
The American Express Green Card is a popular choice for those who want to earn rewards on their everyday purchases. However, one of the biggest concerns for potential cardholders is the annual fee. In this article, we will explore the American Express Green Card annual fee and whether it is worth it.
What is the American Express Green Card Annual Fee?
The American Express Green Card has an annual fee of $150. This fee is charged once a year and is non-negotiable. However, American Express does offer a variety of benefits and rewards that can offset the cost of the annual fee.
Benefits of the American Express Green Card
The American Express Green Card offers a variety of benefits that can make it worth the annual fee. One of the biggest benefits is the ability to earn Membership Rewards points. Cardholders earn 2x points on travel purchases made through American Express Travel and 1x points on all other purchases.
In addition to earning points, the American Express Green Card also offers a variety of travel benefits. Cardholders receive up to $100 in statement credits for TSA PreCheck or Global Entry, which can help expedite the security process at airports. The card also offers car rental loss and damage insurance, baggage insurance, and travel accident insurance.
Another benefit of the American Express Green Card is access to the Global Assist Hotline. This service provides 24/7 assistance for emergency medical and legal referrals when traveling more than 100 miles from home.
Is the American Express Green Card Annual Fee Worth it?
Whether the American Express Green Card annual fee is worth it depends on your spending habits and travel preferences. If you frequently travel and spend money on travel purchases, the rewards and benefits of the card can easily offset the annual fee.
For example, if you spend $10,000 on travel purchases through American Express Travel, you would earn 20,000 Membership Rewards points. These points can be redeemed for travel, gift cards, merchandise, and more. Depending on how you redeem your points, they can be worth more than the $150 annual fee.
However, if you do not travel frequently or do not spend a lot of money on travel purchases, the American Express Green Card may not be worth the annual fee. In this case, you may want to consider a different credit card that better suits your spending habits.
Conclusion
The American Express Green Card annual fee may seem steep, but the benefits and rewards of the card can make it worth it for frequent travelers and those who spend money on travel purchases. However, if you do not travel frequently or do not spend a lot of money on travel purchases, you may want to consider a different credit card. As with any credit card, it is important to carefully consider your spending habits and travel preferences before applying.
