Table of Contents
Plum Card is an American Express credit card with a “plum” reward. Plum rewards are automatically deposited into the account monthly and can be used to pay for travel expenses or cash back on purchases.
The “amex plum card requirements” is a card that American Express offers to its customers. The Plum Card® from American Express can be used at over 100 million locations worldwide, and has no annual fee.
The American Express Plum Card® has a variable spending limit that varies based on your shopping habits, payment history, credit score, and financial resources. If you pay within 10 days of your statement closing date, you may receive an unlimited 1.5 percent cash back, or you can opt to carry your debt for up to 60 days without interest.
The American Express Plum Card®
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Early pay incentives or a 60-day interest-free period are available.
Apply Now
on The American Express Plum Card®’s secure website.
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Credit is required.
Good, Excellent
- Paying early saves you money: you’ll receive a 1.5 percent Discount for early payment with no limit on how much you may get back.
- When you pay your minimum owing by the Payment Due Date, you may pay with no interest for up to 60 days.
- Use the Plum Card’s purchasing power to make large purchases for your company.
- There are no fees for international transactions.
- Terms & Restrictions Apply.
Pros
- There is no predetermined spending limit.
- Flexibility in cash flow
- Discount for early payment
- There are no international transaction fees.
Cons
- There is no yearly charge.
- The balance is payable every 60 days or once a month.
- Cash advance & balance transfers aren’t allowed
- Roadside Assistance Plus: Includes towing up to 10 miles, winching, jump starts, flat tire replacement, lockout services, and delivery of two gallons of petrol up to four times each year at no extra cost.
- Purchase Insurance: Purchases that are damaged or stolen within 120 days after purchase are covered. The maximum amount of coverage is $1,000 per occurrence and $50,000 per year.
- Protection under the Extended Warranty: For products bought with manufacturer’s warranties of up to five years, you’ll get an Protection under the Extended Warranty plan.
Credit is required.
Good, Excellent
- Paying early saves you money: you’ll receive a 1.5 percent Discount for early payment with no limit on how much you may get back.
- When you pay your minimum owing by the Payment Due Date, you may pay with no interest for up to 60 days.
- Use the Plum Card’s purchasing power to make large purchases for your company.
- There are no fees for international transactions.
- Terms & Restrictions Apply.
Pros
- There is no predetermined spending limit.
- Flexibility in cash flow
- Discount for early payment
- There are no international transaction fees.
Cons
- There is no yearly charge.
- The balance is payable every 60 days or once a month.
- Cash advance & balance transfers aren’t allowed
- Roadside Assistance Plus: Includes towing up to 10 miles, winching, jump starts, flat tire replacement, lockout services, and delivery of two gallons of petrol up to four times each year at no extra cost.
- Purchase Insurance: Purchases that are damaged or stolen within 120 days after purchase are covered. The maximum amount of coverage is $1,000 per occurrence and $50,000 per year.
- Protection under the Extended Warranty: For products bought with manufacturer’s warranties of up to five years, you’ll get an Protection under the Extended Warranty plan.
Do you want to compare the attributes of two cards? We’ve made it simple for you to do so! To add up to three cards to your basket, just check them off on this page. You’ll be able to compare the information in a side-by-side comparison this way.
How Do We Determine Which Cash Back Business Credit Cards Are Best?
When grading cash back business credit cards like The American Express Plum Card®, we first consider the ongoing rewards and rate the introductory rewards as the second most important factor. We also take into consideration the a yearly fee, introductory and ongoing annual percentage rates (APRs), and additional card benefits.
Who The American Express Plum Card® Is Right For
- Business owners who want a charge card that offers flexibility: The American Express Plum Card® is a charge card that offers multiple payment schedules. It offers pay-early discounts of 1.5% with no cap or 60 days to pay your balance with no interest.
- Business owners who want a card with There is no predetermined spending limit.: The American Express Plum Card® offers There is no predetermined spending limit.. Your purchasing power adjusts with card usage, payment history, credit record, financial resources, and other factors.
- Business owners who don’t need to carry a balance for over 60 days: With The American Express Plum Card®, you can choose to pay your balance in full each month or carry your balance for up to 60 days with no interest. There’s no option to carry a balance for longer than 60 days.
The American Express Plum Card® Fees
- Annual percentage rate (APR) during the first year: None
- The balance is payable in full each month unless you choose 60-day interest-free financing, in which case you’ll be charged a penalty of $39 or 1.5 percent of the past-due amount, whichever is larger.
- Fee: $250 per year
- Fee for balance transfers: Balance transfers are not permitted.
- Fees for international transactions: none
- Fee for cash advances: Cash advances are not permitted.
The American Express Plum Card® Rewards
- Early-pay discount of 1.5 percent on the part of your debt paid within 10 days of your statement closure date, with no spending category limits or limit
- There is no welcome offer.
The American Express Plum Card® Additional Features
Roadside Assistance Plus
The American Express Plum Card® offers 24-hour Roadside Assistance Plus. Services include towing up to 10 miles, winching, jump starts, flat tire change, lockout services, and gas delivery. Some vehicles aren’t covered by Roadside Assistance Plus, such as rental vehicles, taxis, motorcycles, unlicensed vehicles, and tractors and trucks weighing more than 10,000 pounds.
Purchase Insurance
The American Express Plum Card® offers Purchase Insurance covering purchased items that are stolen or damaged within 120 days from the date of purchase (90 days for New York residents). Regardless of where you live, American Express caps the protection at $1,000 per incident and $50,000 per account per year. Items that aren’t covered include motorized vehicles, fixtures, tickets, consumables, gift cards, items for inventory, and preowned items.
Protection under the Extended Warranty
An Protection under the Extended Warranty plan is available for purchased items with original manufacturer’s warranties of up to five years. American Express will extend the original warranty up to a maximum of two additional years. Some purchases, such as motorized devices, living plants, animals, consumables, fixtures, and items for resale, are excluded from the coverage.
Insurance for Travel Accidents
Insurance for Travel Accidents up to $100,000 is provided for trips that were charged entirely on your American Express credit card. The insurance covers incidents if you die or lose a limb, sight, speech, or hearing within 100 days after the accident. Certain instances that aren’t covered include suicide or self-destruction, losses as a result of war, self-inflicted injury or threat, certain ailments, physical or mental weakness, and injuries caused by commuting.
Plan for Baggage Insurance
When you use the Plum Card® to book airfare, American Express offers coverage between $250 and $1,250 on any lost bags while in direct transit. With this Plan for Baggage Insurance, your checked bags, carry-on bags, and any high-risk items are protected. Items that aren’t covered include cash or its equivalent, credit cards, travel documents, perishable items, prosthetics, drugs, and properties shipped as freight.
Car Rental Loss & Damage Insurance
For the first 30 days of a rental term, vehicle rental loss and damage insurance of up to $50,000 per car rental agreement is offered. To be eligible, the total amount of the automobile rental must be paid to your credit card. The actual cost of repairing the rental car, the wholesale book value of the rental vehicle, or the purchase invoice price of the rental vehicle, whichever is the lowest, is covered by American Express.
The Global Assist Hotline is available 24 hours a day, 7 days a
When you travel more than 100 miles from home, the Plum Card® provides you with access to a worldwide help hotline. This 24-hour worldwide helpline can link you to medical, legal, financial, and other emergency support services. Any costs levied by third-party service providers are your responsibility.
Pros & Cons Explained
Pros of The American Express Plum Card®
- There is no predetermined spending limit.: You can enjoy a flexible credit limit that adjusts with your card usage, payment history, credit, and other factors.
- Flexibility in cash flow: You can carry your balance for up to 60 days with no interest if your cash flow doesn’t allow you to pay your balance in full every month.
- Discount for early payment: You can earn unlimited 1.5% cash back on the portion of your balance you pay within 10 days of your statement closing date.
- There are no international transaction fees.: You won’t be charged a foreign transaction fee if you use your card to make purchases outside the United States, making this card a good option if you travel frequently.
Cons of The American Express Plum Card®
- No There is no yearly charge.: The American Express Plum Card® doesn’t offer an introductory There is no yearly charge.—you’ll be charged a $250 a yearly fee right away.
- The balance is payable every 60 days or once a month.: If you carry a balance for more than 60 days, your account will be considered past due, and you’ll be charged a penalty of $39 or 1.5% of the past due amount, whichever is higher.
- Cash advance & balance transfers aren’t allowed: The American Express Plum Card® doesn’t allow balance transfers and cash advances, which is a disadvantage if you need these services.
The American Express Plum Card® Alternatives
Business Preferred® by Chase Ink
The Business Preferred® by Chase Ink Credit Card is an excellent alternative if you travel frequently. It offers 3x points on the first $150,000 in combined purchases on the top four categories where your business spends the most each month. When you redeem points for travel with Chase Ultimate Rewards®, your points are worth 25% more..
Credit Card Ink Business Preferred®
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Getting the most out of your travel rewards while paying a smaller annual charge
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Chase’s Protected Website
Compare with
APR on a regular basis
Variable between 15.99 and 20.99 percent
- Spend $15,000 on purchases in the first three months after creating your account to get 100k bonus points. When redeemed via Chase Ultimate Rewards®, that’s $1,000 in cash or $1,250 in travel.
- Each account anniversary year, get 3 points for every $1 spend on travel and certain business categories. On all other purchases, you’ll get 1 point for every $1 spent.
- Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
- You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
- Points may be redeemed for cash, gift cards, vacation, and more, and they don’t expire as long as your account is active.
- When you redeem points for travel with Chase Ultimate Rewards®, your points are worth 25% more.
- Purchase Insurance covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Pros
- Possibility of increasing the value of award points
- Provides mobile phone insurance as well as trip cancellation insurance.
Cons
- Doesn’t provide a term of interest-free credit.
- An yearly fee is charged.
- When renting a car for work, the collision damage waiver is primary, meaning it takes precedence over any personal insurance coverage you may have. Most automobiles in the United States and overseas are covered for theft and accident damage up to the real monetary worth of the vehicle.
- You and the workers whose names appear on the phone bill you pay with your card are insured for up to $600 in theft or damage per claim. You may only make three claims in a 12-month period, and each claim has a $100 deductible.
- If your vacation is canceled, you may be reimbursed up to $15,000 for planned expenditures like airline or lodging. If your flight is delayed for more than 12 hours, you may be eligible for a $500 hotel, food, and transportation reimbursement.
APR on a regular basis
Variable between 15.99 and 20.99 percent
Credit is required.
Good, Excellent
- Spend $15,000 on purchases in the first three months after creating your account to get 100k bonus points. When redeemed via Chase Ultimate Rewards®, that’s $1,000 in cash or $1,250 in travel.
- Each account anniversary year, get 3 points for every $1 spend on travel and certain business categories. On all other purchases, you’ll get 1 point for every $1 spent.
- Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
- You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
- Points may be redeemed for cash, gift cards, vacation, and more, and they don’t expire as long as your account is active.
- When you redeem points for travel with Chase Ultimate Rewards®, your points are worth 25% more.
- Purchase Insurance covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Pros
- Possibility of increasing the value of award points
- Provides mobile phone insurance as well as trip cancellation insurance.
Cons
- Doesn’t provide a term of interest-free credit.
- An yearly fee is charged.
- When renting a car for work, the collision damage waiver is primary, meaning it takes precedence over any personal insurance coverage you may have. Most automobiles in the United States and overseas are covered for theft and accident damage up to the real monetary worth of the vehicle.
- You and the workers whose names appear on the phone bill you pay with your card are insured for up to $600 in theft or damage per claim. You may only make three claims in a 12-month period, and each claim has a $100 deductible.
- If your vacation is canceled, you may be reimbursed up to $15,000 for planned expenditures like airline or lodging. If your flight is delayed for more than 12 hours, you may be eligible for a $500 hotel, food, and transportation reimbursement.
Green Rewards Card for Business by American Express
The Green Rewards Card for Business by American Express is a good alternative if you need to use the Pay Over Time feature, which allows you to carry a balance and pay it over time with interest. This card also offers a Spending restriction that may be adjusted and a low a yearly fee of $95, which is waived for the first year.
American Express Business Green Rewards Card
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Solutions for managing employee expenses
Learn More Compare with
a yearly fee
$0 introductory a yearly fee for the first year, then $95
Credit is required.
Good, Excellent
- Spend $3,000 on qualifying purchases with the Business Green Rewards Card during the first three months of Card membership to earn 15,000 Membership Rewards® points.
- For every dollar you spend on qualifying items, you’ll earn one Membership Rewards® point.
- Choose from over 500 top companies in travel, gift cards, retail, and entertainment to earn rewards.
- $0 introductory a yearly fee for the first year, then $95
- Terms & limitations apply
Note: The information related to the American Express Business Green Rewards Card has been collected by fitsmallbusiness.com and has not been reviewed or provided by the issuer of this card.
Pros
- Spending restriction that may be adjusted
- Option to pay in installments
- Added benefits
Cons
- There are There are no cash advances or balance transfers allowed. allowed.
- There is no cost for international transactions.
- There is There is no introductory 0% APR offer..
- Purchase Insurance: Covers purchases that were either stolen or damaged within 120 days from the purchase date. Coverage is limited to $1,000 per occurrence and $50,000 per year.
- Protection under the Extended Warranty: Provides extended warranties on purchases with original manufacturer’s warranties of up to five years. The issuer offers up to two years of additional coverage.
- Insurance for Travel Accidents: You’ll have coverage of up to $100,000 for losses that happen within 100 days after the date of the accident which caused the injury.
a yearly fee
$0 introductory a yearly fee for the first year, then $95
Credit is required.
Good, Excellent
- Spend $3,000 on qualifying purchases with the Business Green Rewards Card during the first three months of Card membership to earn 15,000 Membership Rewards® points.
- For every dollar you spend on qualifying items, you’ll earn one Membership Rewards® point.
- Choose from over 500 top companies in travel, gift cards, retail, and entertainment to earn rewards.
- $0 introductory a yearly fee for the first year, then $95
- Terms & limitations apply
Note: The information related to the American Express Business Green Rewards Card has been collected by fitsmallbusiness.com and has not been reviewed or provided by the issuer of this card.
Pros
- Spending restriction that may be adjusted
- Option to pay in installments
- Added benefits
Cons
- There are There are no cash advances or balance transfers allowed. allowed.
- There is no cost for international transactions.
- There is There is no introductory 0% APR offer..
- Purchase Insurance: Covers purchases that were either stolen or damaged within 120 days from the purchase date. Coverage is limited to $1,000 per occurrence and $50,000 per year.
- Protection under the Extended Warranty: Provides extended warranties on purchases with original manufacturer’s warranties of up to five years. The issuer offers up to two years of additional coverage.
- Insurance for Travel Accidents: You’ll have coverage of up to $100,000 for losses that happen within 100 days after the date of the accident which caused the injury.
Capital One® Spark® Business Miles
The Capital One® Spark® Business Miles is a great option for business owners who travel frequently. It offers unlimited 2x miles on every business-related purchase, which can be redeemed for flights, hotels, and vacation packages. It doesn’t charge foreign transaction fees but allows cash advances, making this an excellent alternative if you need to take out a cash advance from time to time.
Capital One® Spark® Business Miles
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Every swipe earns you 2x miles.
Apply Now
on Capital One® Spark® Business Miles’s secure website.
Compare with
APR on a regular basis
20% (20.99%) (Variable)
a yearly fee
For the first year, there is no charge; after that, it is $95 each year.
Credit is required.
Excellent, Good
- After spending $4,500 in the first three months, you’ll get a $500 trip incentive.
- 2 kilometers for every $1 invested
- Employee cards may be distributed for free.
Pros
- There are no international transaction fees.s
- Credit for TSA Pre® or Global Entry application fees
Cons
- You’ll pay an a yearly fee after the first year
- Doesn’t provide interest-free credit.
- Once every four years, you’ll get a $100 statement credit for Global Entry or a $85 statement credit for TSA Pre® airport security screening.
- Most purchases bought solely with your card are protected if they are destroyed or stolen within 90 days of the purchase date. The amount of coverage is capped at $10,000 per claim and $50,000 per cardholder account per year.
- On most things you buy, extended warranty coverage doubles the original guarantee duration and duplicates the coverage of the original manufacturer’s warranty for a maximum of 12 months.
- Medical referrals if you have a medical emergency while traveling: If you suffer a medical emergency while traveling, provide recommendations to medical assistance. If you’re 100 miles or more from home, you’re protected from the time you depart until midnight on the 60th day of your vacation, or until you return to your home city, whichever comes first.
APR on a regular basis
20% (20.99%) (Variable)
a yearly fee
For the first year, there is no charge; after that, it is $95 each year.
Credit is required.
Excellent, Good
- After spending $4,500 in the first three months, you’ll get a $500 trip incentive.
- 2 kilometers for every $1 invested
- Employee cards may be distributed for free.
Pros
- There are no international transaction fees.s
- Credit for TSA Pre® or Global Entry application fees
Cons
- You’ll pay an a yearly fee after the first year
- Doesn’t provide interest-free credit.
- Once every four years, you’ll get a $100 statement credit for Global Entry or a $85 statement credit for TSA Pre® airport security screening.
- Most purchases bought solely with your card are protected if they are destroyed or stolen within 90 days of the purchase date. The amount of coverage is capped at $10,000 per claim and $50,000 per cardholder account per year.
- On most things you buy, extended warranty coverage doubles the original guarantee duration and duplicates the coverage of the original manufacturer’s warranty for a maximum of 12 months.
- Medical referrals if you have a medical emergency while traveling: If you suffer a medical emergency while traveling, provide recommendations to medical assistance. If you’re 100 miles or more from home, you’re protected from the time you depart until midnight on the 60th day of your vacation, or until you return to your home city, whichever comes first.
Conclusion
The American Express Plum Card® is best for business owners who want a charge card that offers flexibility, There is no predetermined spending limit., and no interest for 60 days. If you don’t opt into the 60-day extended term, the balance needs to be paid in full every month. Visit our Credit Card Marketplace to find other business credit cards that may be right for you.
The “american express plum card reviews” is a credit card that has been around for a while. The Plum Card® from American Express offers a range of benefits, but there are some drawbacks that you should be aware of before applying.
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