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The Plum Card® from American Express
An Advertising Partner
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Regular Purchase APR
N/A
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Intro Purchase APR
N/A
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Intro BT APR
N/A
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Typical Credit Needed
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Annual Fee
$0 introductory annual fee your first year, then $250.
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Card Brand
American Express
Highlights
- Click "APPLY NOW" to apply online
- Paying early pays off: Get a 1.5% discount when you pay early, with no cap on what you can earn back.
- Take up to 60 days to pay with no interest, if you pay your minimum due.
- Use the power of the Plum Card to buy big for your business.
- Unlock new opportunities with a spending limit that can grow with your business.
- Additional Employee Cards at no annual fee - and an early pay discount on employee spending.
- No Foreign Transaction Fees.
- Introductory annual fee of $0 for the first year, then $250
- Terms & Restrictions Apply.
- See Rates & Fees
Card Fees
Foreign Transaction Fee
None
Balance Transfer Fee
N/A
Additional Card Details
$0 Fraud Liability
No
Auto Rental Insurance
Yes
Extended Warranty Program
Yes
Roadside Assistance
Yes
Purchase Protection
Yes
Travel Assistance
Yes
Flight Accident Insurance
Yes
Lost Luggage Reimbursement
Yes
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Concierge Service
No
Expert Reviews
From the LendingTree.com Editorial Team
The Plum Card® from American Express is run on a discount system, meaning that you can lower the bill you have to pay if you comply with certain guidelines from American Express. Cardholders get a 1.5% discount when you pay early, with no cap on what you can earn back.. On the flip side, if you are not able to pay your card balance right away, you can wait 60 days without incurring any interest charges.
This card has a $0 introductory annual fee your first year, then $250. This gives customers the time to make large purchases without paying anything extra for them. All in all, this could be a great card for your business transactions.
The Plum Card® from American Express is also backed by American Express's excellent customer service, and allows cardholders to manage their accounts online. As a business owner on-the-go, this convenience can streamline your accounting for you.
The Bottom Line
The Plum Card® from American Express is an excellent option for business owners with established credit. If you choose to pay off your card balance early, you can receive a nice discount on the money you owe.
The Good
Just about every feature for the this card fits the "good" category. You can earn a discount if you pay off the card balance early, or you can wait a full 60 days to gather the funds and nix the discount.
The Not So Good
This card does charge a slightly higher annual fee after the first year, so make sure you will get enough out of it to compensate for that. Furthermore, if you don't pay off your balances early, this might not be the right card for you. You need excellent credit to qualify for this card.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by American Express.
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Related Card Offers
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Rewards Rate
2% Cash Back on every purchase, every day
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Sign-up Bonus
Earn a $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
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Rewards Redemption
Redeem cash back for any amount at any time
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Typical Credit Needed
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Annual Fee
$0 intro for first year; $95 after that
-
Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
- Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
- Use Spark Cash across all your business spend, with no categories to limit your purchasing
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- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
- Get employee cards at no additional cost, and earn rewards from their business spend
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Intro Purchase APR
0% for 12 Months
-
Sign Up Bonus
$500 bonus cash back
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Cash Back Rewards
Earn 5% cash back in select business categories
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Typical Credit Needed
-
Annual Fee
$0
-
Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- Earn 1% cash back on all other card purchases with no limit to the amount you can earn
- 0% introductory APR for 12 months on purchases and balance transfers
- Employee cards at no additional cost
- No Annual Fee
See additional details for Ink Business Cash℠ Credit Card
-
Rewards Rate
Unlimited 1.5% cash back
-
Sign-up Bonus
One-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
-
Rewards Redemption
Redeem cash back for any amount at any time
-
Typical Credit Needed
-
Annual Fee
$0
-
Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
- Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
- Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that
- No annual fee
- Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
- Get employee cards at no additional cost, and earn rewards from their business spend
See additional details for Capital One® Spark® Cash Select for Business
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