Features

Who is The Plum Card from American Express Designed For?

The Plum Card from American Express is designed for business owners with excellent credit looking for a charge card with generous benefits, a cash back rewards program and the option of 0% financing for up to 60 days. The financing is granted automatically once the cardholder pays 10% of the balance. The card doesn't have a pre-set spending limit so this gives small business owners additional cash flow flexibility and the opportunity of receiving rewards on their business purchases without paying interest, and still receive extra time to pay when they need it.

What are the Interest Rates for The Plum Card from American Express?

- The Plum Card from American is a charge card, which means all charges on the card must be paid when you receive your periodic statement. It also means there are no interest rates to worry about. There are, however, late fees to consider.

What Are the Fees for The Plum Card from American Express Credit Card?

- The Plum Card from American Express has a $250 annual fee that is waived the first year. This is a steep annual fee for a small business card, but the spending flexibility, cashback and benefits it provides are substantial. There are no foreign transaction fees and no extra cost for additional employee Plum cards. Late payments incur a 2.99% fee with a minimum of $38. Returned payments trigger an additional $38 fee.

What Is The Plum Card from American Express's Rewards Program Like?

The Plum Card's cashback rewards program doubles up as an early pay incentive. Cardholders who pay their balance within 10 days of their statement closing date, receive a 1.5% cashback with no cap on the money you can earn.

What about The Plum Card from American Express's Signup Bonus?

The Plum Card from American Express gives new members a $200 statement credit for every $10,000 they spend on the card during the first three months of opening the account, up to a maximum of $600. Another way of looking at it, is as an extra 2% cashback on the first $30,000 spent on new purchases.

Does The Plum Card from American Express Have Any Other Benefits?

The Plum Card from American Express includes all the travel and shopping benefits you expect from a prime card with a $250 annual fee. This includes baggage insurance plan, travel accident insurance, car rental loss and damage insurance, premium roadside assistance, purchase protection and extended warranty. It also provides business owners with the perks that come with all American Express cards, such as automatic receipt matching with QuickBooks, dispute resolution, account alerts, and business-specific mobile apps.

How Is The Plum Card from American Express Better Than Other Credit Cards?

The Plum Card from American Express offers the benefits of a charge card while still allowing some flexibility by giving members extra days to pay when they cover at least 10% of the balance. This is a useful tool for small businesses with a tight cash flow situation as it gives 0% financing for 60 days in exchange for a 10% down payment. The shopping and travel benefits are good and it doesn't charge a fee for foreign transactions, but you can get similar perks with credit cards that don't have a $250 annual fee. However, small business that value the flexibility of having a charge card with no pre-set spending limits will enjoy this card.

  • Card Type
    Rewards
  • Customer Type
    Business
  • Card Network
    American Express
  • Minimum Age
    18
  • Grace Period / Deferred Interest
    10
  • Late Payment Penalty
    $35
  • Returned Payment Fee
    $38
  • Car Rental Insurance
  • Emergency Support
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Free FICO Score
  • Lost Luggage Insurance
  • Travel Insurance
  • Air Miles
  • Cashback
  • Points
js-table-filter bizname-american-express-simplycash-business-card
0
js-table-filter ccard-type-136
js-table-filter cashback-135
12.49
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-9
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Cashback
  • No Annual Fee
  • 0% Introductory APR
Card Type Rewards
Purchases APR 12.49%
065
js-table-filter bizname-starwood-preferred-guest-business-credit-card-from-american-express
65
js-table-filter ccard-type-136
js-table-filter points-137
15.49
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter credit-required-116

  • Points
  • No Annual Fee First Year
Annual Fee $65
Card Type Rewards
Purchases APR 15.49%
048
js-table-filter bizname-the-plum-card-from-american-express
250
js-table-filter ccard-type-136
js-table-filter cashback-135
js-table-filter every-purchase-138
0
0
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Cashback
  • Every Purchase
  • No Annual Fee First Year
  • No Foreign Transaction Fee
Annual Fee $250
Card Type Rewards
048
js-table-filter bizname-the-enhanced-business-gold-rewards-card-from-american-express-open
js-table-filter airlines-140
175
js-table-filter ccard-type-136
js-table-filter gas-139
js-table-filter points-137
0
js-table-filter restaurants-142
js-table-filter travel-143
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter credit-required-116

  • Airlines
  • Gas
  • Points
  • Restaurants
  • Travel
  • No Annual Fee First Year
Annual Fee $175
Card Type Rewards
058
js-table-filter bizname-business-green-rewards-card-from-american-express
js-table-filter airlines-140
95
js-table-filter points-137
0
js-table-filter travel-143
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Airlines
  • Points
  • Travel
  • No Annual Fee First Year
Annual Fee $95
058
js-table-filter bizname-the-business-platinum-card-from-american-express
450
js-table-filter ccard-type-199
js-table-filter points-137
js-table-filter card-type-9
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-116

  • Points
  • No Foreign Transaction Fee
Annual Fee $450
Card Type Charge Card
148
js-table-filter bizname-the-blue-for-business-credit-card-from-american-express
js-table-filter airlines-140
0
js-table-filter ccard-type-137
js-table-filter points-137
11.49
js-table-filter travel-143
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-9
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Airlines
  • Points
  • Travel
  • No Annual Fee
  • 0% Introductory APR
Card Type Balance Transfer
Purchases APR 11.49%
058
js-table-filter bizname-gold-delta-skymiles-business-credit-card-from-american-express
js-table-filter air-miles-136
js-table-filter airlines-140
95
js-table-filter ccard-type-136
15.49
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Air Miles
  • Airlines
  • No Annual Fee First Year
  • No Foreign Transaction Fee
Annual Fee $95
Card Type Rewards
Purchases APR 15.49%
Balance Transfer APR 25.49%%
008
Load More Products

SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Reviews

Write a Review

Sort by:

  • Rating
  • Date
  • Most Useful

0 votes

The Amex Plum card delivers all the bells and whistles you would expect from an elite-level card, plus the outstanding customer service you can expect from Amex. But unless your company is pulling in big bucks, that $250 annual fee is painful.


New Review for American Express Business Plum Card

Rate your experience:

Cancel