The Problem with the American Express Green Card!
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- เผยแพร่เมื่อ 3 มี.ค. 2024
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The green card needs to get 3x back on movie theaters, carnivals and all entertainment!
Gold card offers 4x on supermarkets and and dining; this card should be 4x on transit, 4x on gas @$95 and keep the 3x travel and I'd get it instantly.
AND GROCERIES
@@RSquared-travel-rewardsfax. But should be 4x TRAVEL. And it’s clearly asking to much for Amex to put entertainment multiplier on ANY card. Besides they have masses convinced their cards (plat and gold especially) are for entertainment!
I'm writing a Green card video 🤦🏾♂️. You would beat me to it lol
😊 There is room for everyone and every video. The green card needs some love so share your wisdom with us. Just be sure to say that RSquared is pretty cool 😂
Great video! When do you plan to make a video about the Hilton cards?
Hmmm, did I promise that? If I did, I might have to deliver.
@@RSquared-travel-rewards - Not promised, but you've referred to the Aspire as one of your valued premium cards, so I've been curious about your take on the three cards, particularly after recent changes.
The Everyday Preferred can 💯 work for folks. If youre a one and done kinda person and use the card for everything, you can snag x4.5 on grocery and x3 on gas.
Using this card 30 times in a month just would not work for most folks. Also, the grocery category is essentially $500/month. I would find more utility with the fee Citi Custom Cash at 5% on grocery spend without a required # of transactions. Today, I use my Citi Custom Cash once each month to purchase a single $500 gift card at my favorite supermarket. Amex can do better!
I had the Business Green and cancelled it after 1 year. I might apply for the personal green, just for the SUB. The BBP is awesome.
The SUB is currently 40K. I expect 60K if it gets refreshed. Btw, the SUB rules are kinda wonky, so if you have either the gold or plat, you might not be able to get a SUB on the green.
I have no experience with the Amex cards, but I do have a question that I'm very curious about. Would I be able to transfer the membership points from the Gold card, to Delta, and then from Delta, to LATAM airlines?
You can transfer MR points from Amex to Delta and then book LATAM flights via the Delta site given their unique partnership. I'd be surprised if you can transfer Delta miles directly to Latam but you should research that one.
@@RSquared-travel-rewards Thank you! I'll look more into it.
I already have the Amex Gold card. Was planning on the Green Card being my next move for a signup bonus. However, since Amex changed policies, I'm now working to get below 5/24 to get the Chase trifecta.
A 40K SUB is weak in my book for a card which has an AF of $150. If you've been following this channel, you already know how I feel about Chase 😂😂
@@RSquared-travel-rewards I agree. It really is more a duo but I want the signup bonuses.
I'm really looking for a good card for cruises next. I've got good options for restaurants and airlines.
Considering the Plat gives Clear and Lounge access, I think Amex should drop the credits and the annual fee entirely, that would get platinum holders to put that spend on the green instead of competitors, while also communicating to green holders that amex wants all three cards to work together
Yes! But unfortunately on their charge cards they need to make money from AFs, so I don't see them eliminating its AF. I'm a fan of 4X on gas, 4x on transit @ $95. oh and keep 3X on flights similar to the Gold. Drop clear and lounge access. They own lounge buddy so that wasn't costing them anything anyway.
@@RSquared-travel-rewards Amex's profit strategy isn't the AFs as such, but breakage, which is far less honest in my opinion than a straight-up cash charge with no credits.
The Gold is a food card. I would drop its travel categories entirely, as they are redundant, and lower its absurd annual fee.
@@headlibrarian1996 I'd love to see Amex's numbers by card. I'm willing to bet that the Gold card is extremely profitable for them. There are some folks who will never opt in for the Platinum card so Amex needs to offer travel to the Gold card since most folks aren't getting the green card.
I have the Amex Green, Amex Platinum alongside 7 other Amex cards I’m looking forward to the revamp on all of them. We are all being thrown for a loop with the possible changes, I’d like to see groceries and entertainment on the Amex Green possible gas for folks that don’t have a gas card!
I too am loaded up with AMEX cards, 6 biz and 3 personal. However, I don't own the Green because it has never fit. I love the transit category but not work $150 for my use-case.
It has to much overlap with the WF autograph
You're cheating 😊. You're reading the news about wells Fargo. Green card has access to great transfer partners. Wells is now getting them.
Amex needs to add 3% gas and 2% everything else and we all set
Now you're getting warm. Adding 4X on Gas, upping transit to 4x and lowering the fee to $95 would do it for me.
@@RSquared-travel-rewards that would be even better lol
Don't care for it now due the new language but if the refresh is solid then worth jumping on for new customers.
I'm couldn't help myself but to acquire the Amex Marriott Biz and Amex Delta Plat Biz cards so I'm working through these bonuses. However, the Green Card will only interest me with a 60K SUB but then I'd cancel after 1yr as it would be of no use to me unless the refresh is awesome.
Probably like a lot of other people, I get the main benefits that the Green card offers from other cards, so it doesn't give me much value. Agree that $150 is too steep for what the card's offering, though I'd be floored if Amex actually lowered the annual fee instead of increasing it and adding some monthly/semi-monthly(!) credits haha. Great video Richard!
I don't think they care much about the card. They will eventually make it more compelling instead of lowering the AF.
The green is Amex gateway drug. For better and worse. It’s how I got into pts/miles game.
@@newagain9964 You might just be right. The Gold is not a great starting point for most but there is so much info on the gold where folks jump right it but don't have the supermarket/dining spend to justify it when compared to free 3X cards.
@@RSquared-travel-rewards I can see how gold might be for some or even many. As for me, I was trying to recoup CLEAR af. And green was easiest card to use…and cheapest!
Does the Loungebuddy credit on Amex green work at a Centurion lounge?
It a function of what lounges you're able to book on the website or via the app. It varies by airport so you'd have to visit the LoungeBuddy site and toggle the book online option at the airport which interest you.
I hold all three of these Amex cards. And honestly I feel like this should be the real trifecta instead of the blue business plus because the bbp is a business credit card and shouldn’t be mixed with personal cards. So the changes Amex should do on the green is lower the annual fee down to $95 & add multipliers like : 2 x on Everything, 3 x on gas & 3 x on Entertainment. Keep clear as benefit and remove it from the platinum to not double down on same benefits twice. Also make it a green metal card to match with its other 2 bigger brothers.
I agree with you about this being part of the real trifecta. I can't imagine a scenario where Amex would remove clear from the platinum. That would result in too much disruption. Their travel users holding the platinum rely on such perks and wouldn't want the hassle of having to pick up another card. Amex would never force their big spenders to have to grab another card just for clear.
I was gonna apply for green, but not anymore, i hold both gold and platinum, meaning I will get zero SUB.
That's another reason to punt on this card. Amex needs to address the issue with SUBs and fix this card asap. Once you have the plat, you'd only get this card for the sub then cancel. Also 40K MR points is extremely weak.
@@RSquared-travel-rewards I'm not so sure. Unlike the Platinum you actually want to put spending on the Green. It seems as much a keeper as the Platinum if you want to earn MRs from spending.
@@headlibrarian1996 For sure but $150 is silly for the Green card. I'd use the transit category weekly to earn MRs but not at $150.
I mean if you want clear pick it up, discounted clear in a way.
I hear ya. If a person finally picks up the platinum card then the green card becomes useless. Issuers shouldn't invalidate their cards. Strange concept. CP1 does it with the VX which renders the QuickSilver useless.
You've trimmed your beard gorgeous 😍
Gotta keep folks on their toes 😊. Glad you like.
I've seen a bunch of your vids, how can you afford to use so many hundreds and thousand of dollars so often?
Anyone who says that they have watched bunch of my vids is starting off on the right foot 😂😂
Trust me, I get tangible value out of all my cards except my Sapphire Reserve but it is an important card in the credit card space to it makes sense for me to have it given that I have a credit card channel. So it offers value but not anything that I can measure.
@@RSquared-travel-rewards ohhhh okay I see. It's that given you travel so often and the bills on the restaurants you've showed scared me I was kind of curious.
A good vid idea would be to show how much money you use in a month and how you use credit cards to leverage and make it affordable
Also if I may ask, what's your job that let's you afford the credit card points lifestyle?
@@grogu_2003 I unfortunately don't want to get too personal on this channel. There are folks like Sebby who travel several times a month. That's not me. I travel differently where I travel internationally for extended periods of time 2-6months overseas because I'm fortunate to be able to work from almost anywhere on the globe and I just happen to enjoy a pretty good standard of living.
However, you should NOT get credit cards with annual fees which do not work for your lifestyle. Enjoy the videos, learn as much as you can and ONLY jump on the ones that work for you. Never justify spend because others might be doing it. You shouldn't eat out and spend tons on food if you don't have the disposable income. I don't eat out that often, I'm strategic in ALL of my credit card spend. I make sure that every dollar I spend earns me something in return.
I urge you to take your time, and just acquire the free cards and make them work for you.
@RSquared-travel-rewards bro thank you so much for this. This actually makes so much more sense and answered so many question that I had about the lifestyle and credit card world.
Thanks for answering my questions, I've had a Discover Chrome Card for 2 years and just started learning about the proper way to got about it.
Hoping that my degree in engineering with leveraging credit cards will help me in comfortable but enjoyable lifestyle.