Why the Amex Green is my new favorite card for points-and-miles beginners
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I’ve been recommending the Chase Sapphire Preferred Card for a while now to anyone who wants to dive into travel rewards cards. The card makes it easy to earn and redeem points with one of the most valuable rewards programs out there. However, the recently revamped American Express® Green Card is giving it a run for its money.
The new Amex Green Card comes with expanded bonus categories, new travel benefits and a new limited-time offer — all of which fit the needs of many points-and-miles beginners. You’ll earn 3x Amex Membership Rewards on travel (including transit) and restaurants worldwide. The card also has two annual travel credits: a $100 statement credit toward a CLEAR membership and a $100 statement credit for LoungeBuddy purchases.
New cardholders can also get a 30,000-point welcome bonus after spending $2,000 in the first three months, plus until Jan. 15, 2020 earn a $100 statement credit for eligible Away luggage purchases in the first three months.
So, what makes this card particularly great for points-and-miles beginners?
High-value bonus categories
The bonus categories of the revamped Amex Green Card are common expenses for almost anyone, not just frequent flyers. The Amex Green Card defines travel broadly to include transit, home rental sites like Airbnb, campsites, taxis, ride-shares and more. This allows beginners to earn rewards on more than just airfare and hotels, the two travel expenses other Amex cards typically focus on. The card also provides bonuses for dining out worldwide.
The Amex Green Card‘s bonus categories are now comparable to the Chase Sapphire Reserve‘s, a premium credit card that comes with a $450 annual fee. The Amex Green Card, on the other hand, only charges a $150 annual fee (see rates and fees). It’s more than the mid-tier Chase Sapphire Preferred charges ($95), but the Chase card only earns 2x on travel and dining. The difference can easily offset the higher fee of the Amex card.
Let’s say you spend an average of $1,500 a month on your card, with $1,200 spent in bonus categories and $300 spent on non-bonus spending. This is what the difference in rewards looks like over the course of a year between the Amex Green and the Chase Sapphire Preferred:
|Card||Bonus rewards||Non-bonus rewards||Total value*|
|Amex Green||43,200 Membership Rewards points||3,600 Membership Rewards points||$936|
|CSP||28,800 Ultimate Rewards points||3,600 Ultimate Rewards points||$648|
*Total value of rewards based on TPG valuations and are not supplied by the issuer.
The difference in the rewards earned with the Amex Green Card far outweighs the $55 difference in cost between the two cards.
Perks built for beginner travelers
The new benefits offered by the Amex Green still don’t compare to The Platinum Card® from American Express or the Chase Sapphire Reserve, but I wouldn’t expect that from a mid-tier card. The two annual travel credits you’ll get with the Amex Green aren’t meant to compete against premium cards that target luxury travelers and frequent flyers. These are benefits that are built for beginners.
LoungeBuddy is an airport lounge booking and reviews platform that was acquired by Amex earlier this year. The $100 credit will most likely get you two passes per year into choice lounges (although you could stretch it out to three or four passes if you only book budget lounges). This isn’t as valuable as a Priority Pass Select membership or the Amex Platinum‘s unmatched lounge access, but many beginners don’t travel enough yet to need more comprehensive access. Two passes a year to lounges like SWISS Business Lounges (which aren’t in the Priority Pass network) are a great bonus for less-frequent flyers.
The CLEAR statement credit is something all travelers can appreciate. A CLEAR membership helps expedite the ID authentication process at participating airports and is a great companion benefit to TSA PreCheck. There are plenty of cards out there that will cover your TSA PreCheck application fee, but it’s rarer to find a card that covers part of your CLEAR membership fee. Even if you don’t have TSA PreCheck, a CLEAR membership can still help you shave time off of your wait at airport security. You can also get an added CLEAR membership discount by holding a Delta cobranded credit card, being a member of Delta SkyMiles or belonging to United Airlines’ MileagePlus loyalty program.
Membership Rewards is a great program to get started with
At TPG we are constantly advising readers to keep a diversified portfolio of points, but you have to start somewhere. Amex Membership Rewards is one of the top rewards programs available, offering flexible redemption options, valuable transfer partners and plenty of opportunities to maximize earnings with Amex Offers. TPG values each point at two cents each, which is only matched by one other major card issuer — Chase.
Not only is it a great program for beginners, but as you travel more, Amex Membership Rewards will become even more valuable as you maximize transfer partners and bonuses. There are also multiple cards in Amex’s lineup geared to travelers, so you can sign up for complementary cards that also earn Membership Rewards.
The Chase Sapphire Preferred has held a top spot in my wallet for as long as I’ve had it. It’s still a top travel card for beginners, but the Amex Green Card is a compelling choice for your first foray into the world of credit card points and miles. With 3x on assorted travel purchases and restaurants worldwide (plus great travel credits with the CLEAR and LoungeBuddy statement credits), the Amex Green Card is now hard to beat — even with a higher annual fee than the Chase card.
Right now, there’s the added bonus offer on the Amex Green Card. Apply before Jan. 15, 2020 to earn 30,000 bonus points after spending $2,000 in the first three months and a $100 Away statement credit on eligible luggage purchases.
For rates and fees of the Amex Green card, click here.
WELCOME OFFER: 30,000 Points + $100 Away statement credit (through 1/15/2020) Terms Apply.
TPG'S BONUS VALUATION*: $600
CARD HIGHLIGHTS: up to $100 annual CLEAR statement credit, up to $100 annual LoungeBuddy statement credit, 3x points on travel and transit, 3x points on restaurants worldwide
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Receive up to $100 in statement credits towards any eligible purchase made directly with Away in your first 3 months. Offer ends 1/15/2020.
- Plus, earn 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months.
- Earn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours.
- Earn 3X Membership Rewards® points at restaurants worldwide.
- Receive up to $100 per year in statement credits when you use the American Express® Green Card to pay for your CLEAR® membership.
- Receive up to $100 in statement credits per year on your LoungeBuddy purchases. Use the American Express® Green Card to purchase lounge access through LoungeBuddy to any of the lounges in the LoungeBuddy network — no memberships, elite statuses, or first class tickets required.
- No Foreign Transaction Fees.
- $150 Annual Fee.
- Terms Apply.
- See Rates & Fees