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4.0/5.0 from 10 Offer Ratings
Over the Past 60 Days!
Late Payment Fees 1.5% then 2.99% of the past amount due (minimum $38)
Foreign Transaction Fee None
Balance Transfer Fee N/A
Cash Advance Fee N/A
Returned Payment Fee $38
Penalty APR N/A
Minimum Interest Charge $0.00
Rewards Cap Non-rewards card
Rewards Rate Get a 1.5% discount when you pay early
Annual Fee $0 for the first year, then $250
Purchase Grace Period 20 days
$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
Concierge Service No
The Plum card 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. You can earn a 1.5% discount if you pay the card balance early, or if you are not able to pay your card balance right away, you can wait 60 days without incurring any interest charges.
Cardholders won't have to pay an annual fee the first year of card membership, which is $250 each year after. 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 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 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.
Just about every feature for the Amex Plum Card fits the "good" category. You can earn a 1.5% 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 Plum card does charge a $250 annual fee after the first year, so make sure you will get enough out of it to compensate for that. If you don't pay off your balances early, this won't likely 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.
10 Total Ratings