If you own a fledgling company and are in the market for a new small business credit card, than you will want to hear this exciting news. Starting. 30, 2015, the rewards earning structure of the Business Green Rewards Card from American Express has now change. You are now able to choose your spending categories where you will rack up extra rewards! Earn 5k Membership Rewards Point when you make one purchase! There are many ways to earn membership points, earn 3 points when you spend direct through airlines, earn 2 points when you spend on media, gas, shipping, and purchases made directly through compute hardware, software and cloud computing provides. Lastly, earn 1 point per dollar spent on all other purchases! These points are valuable because they can be used in a variety of ways. These include booking travel directly with American Express. Transferring to participating frequent traveler programs, purchasing merchandise and much more!
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Pros:
Signup Bonus – Earn 5k Points by simply making one purchase!
No Over Limit Fee – The Business Green Rewards Card from American Express does not charge a fee for going over your credit limit. It is not uncommon for businesses to experience months where the cash flow is extra tight and getting hit with an additional fee is never pleasant.
Travel Benefits – For businesses that require a lot of travel, finding a business rewards card with travel perks is a must.
Cons:
No Bonus Rewards – Many of the top business rewards cards are very generous with bonuses associated with certain business related purchases!
Annual Fees – There is a $95 Annual Membership Fee. The Fee is waived for the first year of membership, providing ample time to determine if the card is the right fit.
Foreign Currency Transaction Fee – For those that travel internationally on regular basis should be aware of the 2.7% fee on all foreign currency transactions.
Who Should Apply:
- Anyone that wants travel benefits.
- Anyone that wants a sign up bonus.
Who Should Pass:
- Someone that doesn’t wanna pay the annual fees.
- Anyone that does not want foreign currency transaction fees.