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I Thought My Wife Was Wasting Money on the AMEX Green Card. I Was Wrong.

a close up of a credit card

One of the things I’ve given my wife, Sharon, a hard time about since I started collecting points and miles was her insistence on keeping her American Express Green Card. No matter what, it always had a place in her wallet.

Her reasoning?
She knew the card number by heart.

That never made sense to me. Why pay a $150 annual fee for familiarity, especially when there were so many other cards that offered better value? But I didn’t push it. The Green Card was her oldest account—and as anyone who understands credit scores knows, that kind of long history matters.

And let’s not forget: this is the same woman who once maxed out her FICO score. (Note from Sharon: Ta-da!)

Annual Fee

The AMEX Green Card has a $150 annual fee. That used to be tough to justify—but as you’ll see below, there are now enough benefits to offset it if you use the card strategically.

Sign-Up Bonus (With a Catch)

AMEX is offering a welcome bonus of 40,000 Membership Rewards points after spending $3,000 in the first six months. That’s a decent runway—and if you use our referral link, we’ll get a bonus too.

But there are two big caveats to know before you apply:

Bonus Categories: 3X Where It Counts

The Green Card earns 3X Membership Rewards points per dollar in three major categories:

A word of caution from AMEX’s fine print:
You won’t earn 3X at restaurants inside hotels, casinos, or other establishments. And bars, nightclubs, and convenience stores are excluded. Third-party, non-U.S. food delivery services may also not trigger the bonus.

No Foreign Transaction Fees

This one’s straightforward—and essential if you travel.
The Green Card doesn’t charge foreign transaction fees, so you can use it internationally without getting dinged on every purchase.

Credits That Help Offset the Fee

To help justify the $150 annual fee, AMEX offers a recurring statement credit:

Membership Rewards: Real Value If You Know How to Use Them

Points earned on the Green Card go into AMEX’s Membership Rewards program—arguably one of the most versatile out there.

While you can redeem points for flights through AmexTravel or gift cards and merchandise, you’ll usually get the best value by transferring them to travel partners.

We’ve used our Membership Rewards for some of our most memorable redemptions—like our $25,000 trip to Australia and Japan, and the best award trip I ever booked (for someone else)

Airline Programs

Hotel Programs

Travel Insurance & Protections

The AMEX Green Card doesn’t compete with premium cards on travel protections, but it does include a few solid perks:

Final Thoughts

For years, the Green Card was overlooked, but now it stands on its own.

Earning 3X on travel, transit, and restaurants puts it squarely in competition with premium cards that charge two or three times as much. No, it’s not replacing my Chase Sapphire Reserve anytime soon (I still want that primary rental coverage). But it does have a regular role in our spending strategy—especially for tolls, trains, and those random meals out.

(Note from Sharon: And I get to keep my green card without grief anymore!)

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