Update: The Green Card is no longer a charge card, starting today it is a regular credit card.
AMEX has long ignored the Green card as it marketed its Gold and Platinum cards.
The old annual fee was $95 and it was most useful as a downgrade option from the Gold or Platinum cards as it didn’t have any compelling benefits. The annual fee has been increased to $150, but it comes with new benefits.
With this link you can get 35K points for spending $2,000 in 3 months and you’ll get a $150 statement credit for purchasing Away luggage (You can also get a $20 Away discount at final checkout via this link). You may be able to get 45K points in an incognito browser, though I wasn’t able to get that offer.
The cards now offers triple points on travel and dining. That’s nice, though I value Chase points higher than AMEX points and those same categories are bonused on the Sapphire cards.
The Green card offers a $100 annual statement credit for CLEAR, which is great. That lowers the cost of membership from $109 to just $9/year for Delta or United cardholders/elites or from $119 to $19/year for non-cardholders or non-elite members. You can read more about CLEAR membership and pricing here. Hopefully we’ll see more cards give a CLEAR credit instead of the ubiquitous Global Entry credit.
The Green card also offers a $100 annual statement credit for LoungeBuddy. That will get you a couple of lounge passes, though their lounge network is limited. This is very weak compared to the Priority Pass membership offered by cards like Chase Sapphire Reserve.
There are no foreign transaction fees.
The card is a charge card, so it won’t have a hard credit line and it won’t count towards the maximum number of AMEX credit cards that you can have. As of today this is now a credit card and no longer a charge card.
The Green card offers 90 days of purchase protection, 1 year of extended warranty, secondary car rental insurance, and $300 of trip delay insurance as of 1/1/20. Return protection is being killed on 1/1/20. These benefits pale in comparison with the benefits offered by Chase premium cards.
Overall, I don’t see a compelling value here other than the welcome bonus. CLEAR is a nice benefit, but not enough to justify the $150 annual fee unless you can’t get cards from Chase.
Will you apply for the Green card?