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The American Express®
Preferred Rewards Green Card is an ideal card for those who can afford to pay in
full each month to avoid accumulating credit card debt, as often can be the case
with revolving balances and high interest rates.
Cardholders have access to the Membership Rewards program for no additional fee.
Through the rewards program, cardholders earn one point per dollar spent on all
purchases. Plus, cardholders will receive 5,000 bonus points after their first
purchase. Points can be transferred to eleven frequent flyer programs at a rate
of one point per mile, and points can also be redeemed for many other rewards.
There is no limit to the amount of points that can be earned, and points never
expire.
Although there is a high annual fee of $110 for the basic card and a fee of $30
for additional cards, this fee will be waived the first year. This card does
provide many additional services and benefits including up to $100,000 in travel
accident insurance, auto rental insurance, purchase protection services, various
merchant discounts, and more.
Cardholders will also have access to the Global Assist® Plus Hotline, which
provides them with various services when they are traveling more than 100 miles
away from where they live.
Therefore, those who can afford to pay in full each month, would like to
participate in the rewards program, and plan to take advantage of the many
benefits and services provided by American Express® will benefit most from the
American Express® Preferred Rewards Green Card has to offer.
Review Date: May 1st, 2007 |
