American Express Green Card Review: Canada’s Newest Gem

August 18, 2021
Reviews
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Make Your Dollar Go Further

Earn up to 50,000 MR points (valued at $1,000 - $1,500) with the American Express Cobalt Card, a low-fee card that offers 5x the points on all food and drinks.

Bonus: $100 USD hotel credit

Today, American Express has officially launched the American Express® Green Card. The Green Card is the only card that's a part of American Express' valuable Membership Rewards program without an annual fee.

In this post, I'll offer an early review of the American Express Green Card, including its features, benefits, and how it stacks up against American Express' other cards in Canada.

Features & Benefits of the American Express Green Card

Welcome Bonus10,000 Membership Rewards® points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership
Earn Rate1x the points on Card purchases
Transfer rate to frequent flyer and other loyalty programs1:1
Front Of The Line®
Annual Fee$0

There are a few things worth noting here.

First, the 10,000 MR points welcome bonus on the Green Card is impressive. With no annual fee and our current valuation of 2-3 cents per MR point, that means you're getting $200-$300 in value for free.

Second, the Green Card doesn't charge an annual fee, which is rare for the Membership Rewards program. If you're keeping a balance on your credit card at all, this can be very advantageous because it means that you'll generate 1 MR per dollar spend with absolutely no cost to you.

Third, the ability to transfer Membership Rewards points to airlines at a 1:1 ratio is very valuable. I give more examples of how to maximize your point values in my posts on American Express' Platinum Card and Cobalt Card, so read those if you're looking for some inspiration.

American Express Green Card

More On The Green Card

The American Express Green Card stems from the former Choice Card. It’s a pretty basic offering in every way, which you can expect for a no-fee product.

The Green Card is a traditional credit card, not a charge card. This means that you are subject to preset credit limits and will have the opportunity to make minimum payments on your balances (although we recommend paying your balance in full).

The Green Card offers a flat earning rate of 1 MR point per dollar spent on all purchases. 

The Green Card from American Express Canada will be introducing two new types of basic insurance coverage for cardholders.

  • The card has American Express' Buyer’s Assurance Protection Plan, which doubles the manufacturer's warranty for a new purchase, up to one year.
  • It also carries the Purchase Protection Plan, which ensures you'll be reimbursed for the cost of an item that's been damaged or stolen within 90 days of purchase.

Points Are Transferable To Airlines

The major change from the Choice Card to the Green Card is that Green Cardholders will now earn MR points that are transferable to American Express’ airline partners, including Aeroplan and British Airways Avios at a 1:1 ratio, among others

Somewhere To Park Your Membership Rewards Points

Even though the new Green Card isn’t the most exciting product on its own, it does address a gap in the Membership Rewards family. This card has no annual fee and for anyone who is looking to earn more Membership Rewards points, this is an opportunity worth considering.

That's a point of frustration for those who might not have an MR card and don't want to transfer out their points just yet.

In theory, the Green Card offers an option for storing your Membership Rewards points that you've earned from the Platinum Card or Business Platinum Card. However, it’s only a temporary solution to adding them to accounts if you no longer want one of those cards.

As long as you continue storing your Membership Rewards points in the no-fee American Express Green Card, you’ll never lose them due to inactivity.

In Summary

In conclusion, the Green Card is a no-fee product that offers enough to make it worth your consideration if you're in the market for one of American Express' credit cards. Especially if you're looking to transfer your Membership Rewards points to another account or store them temporarily, the Green Card can be a great solution.

The Green Card is not quite as exciting as its Aeroplan counterparts, though its current signup bonus of 10,000 MR points is still a good amount. If you're looking for a no-fee card, the Green Card is a good option for you.

Canada's Best Credit Cards

Exceptional Value

Earn up to 40,000 Aeroplan Miles (valued at $800 - $1,200) with the American Express Aeroplan Card, our #1-rated card in Canada in 2021.

Bonus: Includes Buddy Pass

The Finer Things In Life

Earn up to 80,000 Membership Rewards points (valued at $1,600 - $2,400) with the American Express Platinum Card, plus a $200 annual travel credit.

Bonus: Airport Lounge Access

Low Fee, High Value

Earn up to 50,000 MR points (valued at $1,000 - $1,500) with the American Express Cobalt Card, a low-fee card that offers 5x the points on all food and drinks.

Bonus: $100 USD hotel credit