Edited by: Stella Shon
& Kellie Jez
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No Welcome Offer
Good to Excellent (670-840)
Instead of normal cash-back, get an unlimited 1.5% discount when you pay early for eligible days within 10 days of your statement closing date. The discount will be applied to your next statement when you pay at the least the Minimum Payment Due by the Please Pay By date.
Cash flow can be unpredictable. Sometimes you can pay bills right away, and other times it may be easier to wait. Either way works out in your favor with The Plum Card® from American Express!
With this card, you can pay your bill early and get an unlimited 1.5% Early Pay Discount on eligible charges within 10 days of your statement closing date. You’ll see the discount applied to your next statement when you pay at the least the Minimum Payment Due by the please pay by date. Alternatively, you can take up to 60 days to pay with no interest, when you pay your minimum due by the payment due date.
For those who run seasonal businesses or whose incoming cash flow is unpredictable, the card can provide you with payment alternatives that most other cards don’t.
There is no special rewards center for this card; the cash-back earned will be applied directly to your next statement when you pay at the least the Minimum Payment Due by the Please Pay By date.
After opening the Amex Plum card, you may be able to earn any welcome bonus offer listed in the card summary table above, if applicable.
When you initially open your card, you have the option of choosing to receive your bill at the beginning, middle, or end of the month.
This can allow you to receive your bill when your cash flow may be highest and you’re in the best position to pay. Then, each month, you have the option to pay early or pay later – but either way, you benefit.
If you choose to pay early, you’ll get an unlimited 1.5% Early Pay Discount on eligible charges within 10 days of your statement closing date and see the discount applied to your next statement when you pay at the least the Minimum Payment Due by the Please Pay By date. Or, you can take up to 60 days to pay with no interest, when you pay your minimum due by the Payment Due Date.
With no pre-set spending limit, you can make the purchases that your business needs, without incurring big interest charges right away.
You know your business best – that’s why you get to decide when to pay each month.
Plus, if you have employees, you can add additional employee cards at no annual fee (rates & fees).
As you make big purchases for your business, it’s always good to have the peace of mind in knowing that those items are protected.
With the purchase protection benefit that is automatically included with card membership, eligible purchases made with the card can be protected against accidental damage or theft for up to 90 days.
You may also shop with less worry due to the included extended warranty. Eligible items can have their original manufacturer’s warranty extended for up to 1 additional year.
With no preset spending limit on the card, you can essentially have purchasing power that adjusts with the use of your card, along with other factors.
It also provides you with some additional perks that can be handy for business (or personal) travelers, such as:
In addition, just like other Amex Business cards, the Amex Plum card also automatically includes additional benefits for helping you manage and control your spending, such as:
You can also view and manage your account from virtually anywhere using the mobile and tablet apps. This can make it easier to manage your account whenever it is convenient for you.
Notice something that doesn’t look quite right? If there happens to be an incorrect or a fraudulent charge on your statement, American Express will work with you to help in resolving the issue.
Most business owners know that the key to success is having a good, solid plan. The same holds true for getting the most out of the Amex Plum card.
Sticking with the following tips can help you to earn the most:
Tip #1: Plan out your big purchases so you can take advantage of paying early and getting a 1.5% discount.
Tip #2: Alternatively, plan out purchases to take advantage of waiting up to 60 interest-free days before your payment is due.
Tip #3: Take advantage of any welcome bonus offer credit, if offered, that can be earned, which is applied as statement credit.
Tip #4: Add additional employee cards so others in your company may make purchases. There is no annual fee for employee cards.
The Amex Plum card provides you with options – which is something business owners generally love. So, how can you make the most of those options?
First, you need to have a good understanding of what they are.
If you run a seasonal business or a company with fluctuating cash flow, then the Amex business card can provide you a good option for making purchases that don’t need to be paid back right away.
Taking advantage of your rewards is easy. You control when you make your payments, as well as your choice of benefits: either a payment discount, or a longer billing cycle.
Your rewards essentially begin when you initially open your card. That’s when you can decide when your statement will arrive: at the beginning, middle, or end of the month. Whatever is the most convenient for you!
Then, when your billing statement arrives, you decide whether you want to pay early and save, or if you want to hold off on making your payment for up to 60 days with no interest. You have the option, and you have the control!
Some rewards can also be earned right away: spend the required amount in the allotted time to take advantage of any welcome bonus, if applicable.
American Express works in conjunction with a variety of airline, retail, travel, and car rental agency partners. Additional information can be found by visiting the American Express Rewards Center.
Is this the right business credit card for your company? Perhaps. But know there are other options as well.
The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.
The Ink Business Preferred® Credit Card is a powerhouse for earning lots of points from your business purchases, especially for business owners that spend regularly on ads.
Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value.
Business owners will also love the protections the card provides like excellent cell phone insurance, rental car insurance, purchase protection, and more.
With this card, you’ll earn 3 points per $1 on the first $150,000 spent in select categories each account anniversary year. Then, earn an unlimited 1 point per $1 on all other purchases.
These Ultimate Rewards points can be redeemed for travel or used directly in the Chase Travel Portal.
Another business card that might be of interest to you is the American Express® Business Gold Card.
Get 4x points in 2 select categories where your business spends the most each month (on your first $150,000 spent each year).
The American Express® Business Gold Card is excellent at racking up rewards for your business spend.
The card earns a whopping 4x points per $1 in the 2 categories (from a list of 6) that your business spends the most money on each month. With no need to opt-in or preselect your categories, so you can focus on what matters most — running your business.
Hot Tip: Check to see if you’re eligible for a huge welcome bonus offer of up to 110,000 points with the Amex Business Gold card! The current public offer is 70,000 points. (This targeted offer was independently researched and may not be available to all applicants.)
You will earn 4x points on 2 select categories where you business spent the most each month. 1x is earned for other purchases.
Take control of your cash-back with the Amex Blue Business Cash card, and earn 2% cash-back on up to $50,000 in purchases each year.
Looking for a way to keep tabs on your office supply costs and business travel expenses while earning cash-back? Then The American Express Blue Business Cash™ Card could be a good fit.
This card offers expense management solutions that are designed to give companies more control, along with a much clearer picture of their business spending. In doing so, the more you spend, the more cash-back you can earn.
Here, you’ll earn 5% cash-back at U.S. office supply stores and on wireless telephone services purchased from U.S. providers, plus 3% cash-back on the category of your choice from a list of 8, which includes airfare, hotels, U.S. advertising, U.S. shipping, and more!
You’ll also earn 1% cash-back on all other purchases!
Card Comparison Articles
For rates and fees of The Plum Card® from American Express, click here.
For rates and fees of the American Express® Business Gold Card, click here.
For rates and fees of The American Express Blue Business Cash™ Card, click here.
With highly flexible payment options, the card can be well worth it — especially for business owners who have sporadic or unpredictable cash flow and want control over when they pay their bill.
The primary benefit of this card is its flexibility in terms of when you pay your bill. For those who pay their bill early, there can also be financial rewards.
Paying early can result in an unlimited 1.5% Early Pay Discount on eligible charges within 10 days of your statement closing date and see the discount applied to your next statement when you pay at the least the Minimum Payment Due by the Please Pay By date. Alternatively, if you opt to pay late, you can wait up to 60 days with no interest.
The annual fee is $250 per year.
The Amex Plum card allows members to buy big. With the no pre-set spending limit, the card provides you purchasing power that can adjust with your use of the card, as well as other factors.
Note that “no pre-set spending limit” does not mean unlimited spending. The purchasing power will adjust with your use of the card, payment history, credit record, and financial resources that are known to American Express.
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