American Express Green Card vs. Gold Card

January 29, 2013 7 Comments »
American Express Green Card vs. Gold Card

These days, American Express seems to have a credit card for every color of the rainbow.

They’ve got their notorious Black Amex, the Platinum Card, the Clear Card, the Plum Card (it’s a color too), and of course, the classic Green and Gold cards.

Oh, and let’s not forget the company’s range of Blue cards, such as the Blue Cash Everyday Card, or the Blue Sky travel rewards card.

The possibilities seem to be endless, which makes it difficult to narrow down a selection.

Fortunately, I’ve gone through all the features to make it a lot easier to discern which card is better for you, and why.

The American Express Green Card

Green Card

Let’s start by taking a closer look at the “Green Card,” which for some reason reminds me of the 1980s.

It has certainly been around a long time, largely because it’s the company’s default charge card. That’s right, it’s a charge card, not a credit card.

So you must pay off your balance in full each month, or you’ll be penalized. There is no interest rate (APR) because charge cards aren’t assessed interest.  And there is no pre-set spending limit.

In other words, you should only select this type of card if you want the security and convenience of a credit card, but have the cash to actually pay off all your purchases each month.

If you’re looking for a revolving credit card, check out the Blue series instead.

Anyway, the Green Card is pretty no frills as most credit cards go. It comes with a $95 annual fee, though it’s waived for the first year.

Additionally, you get a single Membership Rewards point for every dollar spent using the card, which can be redeemed for all types of stuff like gift cards, travel, merchandise, etc.

The points have no expiration date, and there’s no limit to how many you can earn. Pretty basic rewards program here.

The Green Card also comes loaded with a number of insurance features, including baggage insurance, car rental loss and damage insurance, and travel accident insurance.

It also provides free roadside assistance (if your 50 miles or more from home) and access to a 24/7 “Global Assist Hotline.”

Along with that, Green Card holders get purchase protection, return protection, extended warranty, and easy dispute resolution.

Oh, and you can Sync your American Express card to receive access to all types of deals on Twitter, Facebook, and Foursquare.

Sadly, all of these features are generally available on all American Express cards, including those with no annual fee, so nothing really stands out.

The American Express Gold Card

Gold Card

Now let’s look at the “Gold Card,” which is not much different from the Green Card. In fact, the cards are pretty much exactly the same, barring a few details.

For one, the roadside assistance with the Gold Card does NOT have a mileage limit, so you get free access to tows and other services regardless of how close you are to home.

It’s good for those who want to ditch their AAA membership, assuming they were only using it for roadside assistance.

Another feature of the Gold Card is access to the “Exclusive Gold Hotel Collection.” In short, you get a $75 hotel/resort credit and a room upgrade (if available) when you stay two consecutive nights at a Gold Hotel Collection destination.

Hotel brands include Conrad, DoubleTree, Fairmont, Hilton, Loews, MGM, Omi, Radisson, Thompson, Waldorf Astoria, and more. So this is certainly a plus for the occasional (or frequent) traveler.

Another difference is the $125 annual fee, which exceeds the Gold Card fee by $30, and it too is waived for the first year.

Lastly, the Gold Card comes with a discounted membership to Equinox, which is a chichi gym, along with some exclusive benefits like a free training session.

So all in all, the differences are fairly minute, though you could easily make the argument to opt for the Gold Card for an extra $30 annually.

In summary, the American Express Gold Card offers everything the Amex Green Card offers, but also the following:

- Roadside assistance with NO mileage limits
- $75 hotel credit and upgrade at participating hotels
- Equinox gym membership discounts and benefits
- $125 annual fee vs. $95 annual fee (both waived first year

So if you’re weighing the benefits of each, now you know the differences. If you favor roadside assistance and/or hotel benefits, then the Gold Card is the winner here.

Otherwise, the Green Card should be sufficient, and will save you a few dollars each year. Oh, and I suppose gold looks fancier than green, so you’ll impress more people when you whip it out.

See also: The American Express Premier Rewards Gold Card, which actually offers more rewards points in exchange for a higher annual fee.

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7 Comments

  1. Mayra January 26, 2014 at 10:34 am -

    Thanks for breaking it down. It sounds like the Gold Card is a waste of money. I already have a gym membership and get free roadside assistance from AAA. And I prefer the color green!

  2. Colin Robertson February 10, 2014 at 3:40 pm -

    Couldn’t agree more. This is why it pays to read the fine print, instead of just assuming that gold trumps all.

  3. Michael February 11, 2014 at 2:59 am -

    If you want to get the Black American Express Card, you need to get the AMEX Platinum Card, so don’t even consider Gold or Green.

  4. Nathan February 26, 2014 at 7:11 pm -

    This is a bit of a head scratcher to me. Both cards look basically the same, so my conclusion is American Express just wants to offer more cards and hopes superficial people will choose the gold version so they appear richer. Lame.

  5. Leon March 6, 2014 at 9:39 pm -

    Both Amex Green and Amex Gold are bogus. Look at the American Express Premier Rewards Gold Card instead if you want a charge card. Or Blue Preferred if you want a credit card.

  6. Karl March 31, 2014 at 8:03 pm -

    I think the draw of both these cards is the fact that they’re charge cards, meaning the cardholder can’t get overextended as with a normal credit card. They don’t offer many benefits beyond that, other than Amex’s great customer service.

  7. Ernest A. April 1, 2014 at 12:47 pm -

    Both these cards seem like a complete waste of money. What are we missing here?!?!

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