The Plum Card® from American Express Review

Our Detailed Review of This Card

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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 toward your existing balance. Plus, you'll enjoy no interest fees because this is charge card, which means you'll pay your balance in full month. The card does have an annual fee of $250, but it's waived the first year. For The Plum Card® from American Express' full details on the rates and fees, please visit the terms page.

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 U.S. 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 the card could be more than worth it depending upon your business.

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.
  • For The Plum Card® from American Express' full details on the rates and fees, please visit the terms page.


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