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This credit card is meant for people who pay their credit card charges off each month because it does not allow for you to carry a balance at all. This particular card offers some rewards as well as a basic monthly line-of-credit type credit tool. For anyone who uses their credit card to pay for their living expenses all month long and then pays the total off when they get their statement, it is nice to be earning rewards at the same time. This card allows you to do just that. If you use this kind of card for your groceries, your gasoline and all other living expenses, you can accumulate a considerable amount of reward points each month. The Preferred Rewards Green Card lets you earn a reward point for every dollar you spend on purchases. The best feature of this particular rewards card is that rewards never expire. You can keep saving them up for a really big item if you prefer to use it that way without losing anything. There is no limit placed on how many rewards you can earn on this card during a year either. The reward points you accumulate on this card can be transferred to many frequent flyer programs as well, so how you use your saved rewards is quite flexible. Another good feature of this card is the travel insurance coverage it provides to you. Up to $100,000 accident insurance is a great bonus as well as car rental insurance available with this credit card. This card offered by American Express has an annual fee of $95. The first year does not have a fee however. If you require additional cards, there is a fee of $30 for up to five more cards and $30 for each additional card over the fifth. It is a bit pricey for annual fees but it does provide an excellent way to collect rewards. Overall, the American Express Preferred Rewards Green Card is a good credit card for anyone who likes to simplify their monthly expenses by using one card for everything and being rewarded with points at the same time. This card works very well for this and is not overly restrictive in what you can use your reward points for. You can redeem or transfer them easily so that you aren't locked into one single type of reward.