If you prefer to avoid paying annual fees as you play the credit card game, then the new American Express Green Card could be the best option for making your entry into the Amex MR ecosystem.The EB-5 program is a federally-authorized visa category created by Congress in 1990. With a flat 1x earning rate, the Green Card isn’t too much to get excited about, but the current signup bonus of 10,000 soon-to-be-regular MR points still represents a decent chunk of value to unlock in exchange for a no-fee card that will support your credit history going forward. On August 16, 2021, the American Express Choice Card will rebrand as the new American Express Green Card, offering cardholders the ability to transfer points to airline partners (in keeping with the Cobalt Card‘s concurrent changes) and acting as a no-fee solution within the Membership Rewards family. You’d still retain all of the options associated with your MR points indefinitely, since they’d be attached to your no-fee Green Card instead (where, as of August 16, points will be convertible to airline partners as well). In theory, the Green Card provides an option for “parking” your MR points that you might’ve earned from the Platinum Card or Business Platinum Card by combining the MR Select accounts if you no longer wished to keep one of those products going forward. That was a point of frustration for those who might’ve held other MR products, but who no longer saw value in their card and wanted to cancel, and yet didn’t want to transfer out their points just yet. Somewhere to Park Your Membership Rewards PointsĮven though the new Green Card may not be the most exciting product on its own, it still addresses the gap that there previously hadn’t been a no-fee product in the Membership Rewards family. These include Aeroplan and British Airways Avios at a 1:1 ratio, as well as secondary airline programs like Cathay Pacific Asia Miles at a 1:0.75 ratio – in addition to the existing ability to transfer points to hotel partners like Marriott Bonvoy. While the transition from the Choice Card to the Green Card is mostly cosmetic, the primary meaningful change is that the Green Card will earn points that are transferable to American Express’s airline partners as of August 16. Points Will Be Transferable to Airline Partners
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