Amex Confirms that Green Card Is Still A Charge Card (Not a Credit Card)

amex green charge card

Amex Confirms that Green Card Is Still A Charge Card

You should have read by now about the relaunch of the American Express Green Card. I covered the news here in case you missed it. The card now has an increased bonus of 45,000 points that is targeted based on your location. There’s also some new benefits and credits.

What was strange about this relaunch, is that some websites were claiming that the Green card is no longer a charge card. After the relaunch it is just a credit card. CNN and MilesTalk both write that it is a credit card. That would be very strange, as the Gold card and Platinum card are both charge cards. And the Green card has always been a charge card. Maybe the confusion could have come from American Express representatives advertising it as a charge card that “acts as a credit card”. You don’t really hear “charge card” much anymore.

Also the language in the terms points clearly to the card being a charge card. It mentions an APR for “Pay Over Time”, which is a feature of charge cards. You can find the same language for the Gold and Platinum cards. Plus American Express has also confirmed on Twitter now that Amex Green Card is a charge card.

It is still considered a charge card. You can pay in full or carry a balance with interest on eligible charges, up to your Pay Over Time limit.

Credit Cards vs Charge Cards

There’s two main differences between credit cards and charge cards.

  • Charge cards must be paid in full every month. With credit cards you can carry a balance. But most charge cards now have a ‘Pay Over Time’ feature which makes them more like a credit card and gives you the flexibility to pay less each month.
  • Credit cards have a set credit limit. Charge cards generally have no preset spending limit. That doesn’t mean you can spend as much as you want thought. Charge cards will still have a unknown spending limit for the account based on your spending habits, income and credit score.

Why Does it Matter?

American Express has rules and limitations when it comes to credit cards. But most of the rules don’t apply to charge cards. So with Amex Green Card being a charge card, more people will be able to get it without having to jump through extra hoops.

  • You can only have a maximum of 5 American Express cards (6 for some people). Charge cards are not included in the count.
  • There’s also a 1/5 and 2/90 rule for credit cards. That means that you can only be approved for a new American Express credit card every five days, and only two within 90 days. Again, charge cards are not included. You can even apply for a charge card and credit card on the same day.


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9 thoughts on “Amex Confirms that Green Card Is Still A Charge Card (Not a Credit Card)

  1. Thank you for the awesome deals.
    I am now confused, and maybe you can clarify.
    Have had the card for a while, and I chatted with AMEX, to clarify if this card has foreign transaction fees. The Chat Rep said yes, but the text in the links says it does NOT have a foreign transaction fee. It was not totally clear either if the bonus 3X also applies overseas. If you remember, the Gold Card initially did NOT give the 4X on Restaurants and Grocery Stores overseas.
    Thank you again.

    • It’s clearly stated that it earns 3x on restaurants worldwide and that there is no foreign transaction fees. Not sure why rep would say otherwise. I guess you just need to keep an eye on it and make sure everything posts properly. They should refund you if it doesn’t. But hopefully everything posts correctly to avoid the hassle if having to contact them.

    • Some Amex cards get 15K points per referral. Amex Plat for example. If a friend or family member can refer you, they will get 15k and you will get 35k.

    • I applied for the card last night and they offered a referral link right away in the last few steps after approval. But the email my friend received was only for 35k, not 45k. I did not write down if my referral would give me 15k or not.

      • You can log in and get your referral link. It shows you how much you get for each referral. The signup bonus through referrals is only 35k.

  2. I was quoted in that CNN story and I’m not sure where they got the idea it’s now a credit card. I certainly didn’t tell them that and it isn’t in my quotes. They must have gotten confused by that language in the Amex press release. But as the Amex Twitter account confirmed, it’s definitely still a charge card just like the Gold and Platinum.

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