The Plum Card® from American Express The Plum Card<sup>®</sup> from American Express
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The Plum Card® from American Express Review

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Rating:
Bottom Line:
Business charge card that offers a 1.5 % discount for paying early. Terms apply.

Full Review:
The Plum Card® from American Express (a NextAdvisor advertiser) is a business charge card that combines no preset spending limits with a discount on your balance if you pay early.

First off, early-bird Cardholders will also receive a 1.5% discount on the portion of their balance that is paid within 10 days of your statement closing date (must be at least minimum payment). That means if you pay your bill early you will get 1.5% off your purchases - a great deal, and a little like getting cash back that's applied towards your existing balance. Plus, you'll enjoy no interest fees, because this is charge card which means your balance is paid each month in full. The card does have an annual fee of $250, but it's waived the first year.

You'll also get American Express benefits like purchase protection, extended warranty, car rental insurance, roadside assistance and travel accident insurance. All this and you get free employee cards to help earn more rewards, and no foreign transaction fees so you'll save money on purchases outside the US. Additionally, you can choose your own billing cycle in order to synch up your payment due date with your business cash flow.

Overall, The Plum Card® from American Express is a good fit for those who want a business charge card that allows them to save 1.5% each month. The annual fee is a little pricey, but it is waived the first year and it could be more than worth it depending upon your business.

Highlights From American Express
  • 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.

Fees and APR
  • Annual Fee: $0 introductory annual fee your first year, then $250.
  • Purchase APR: No interest charges — you pay your balance in full each month.
  • Foreign Transaction Fee: None
  • Returned Payment Fee: Up to $38


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Card Details

Features:1.5% discount on payments made within 10 days of statement closing date. Terms apply.
Purchase APR:N/A
Annual Fee:$0 introductory annual fee your first year, then $250.
Credit Needed:Good, Excellent

Disclaimer: This content is not provided or commissioned by the credit card issuers. Opinions expressed here are author's alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers. This site may be compensated through the affiliate program of the credit card issuers.

*See credit card application page for additional details.

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