Plum Card® from American Express review

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Advertiser Disclosure

Interest Rate: Purchases
-
Balance Transfer
-
Rewards
-
Signup Bonus
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7.6/10
Informr score
The Plum Card® from American Express currently has an Informr score of 7.6 out of 10. This score is based on our evaluation of 15 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Plum Card® from American Express is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Compare Cards

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.

- Compare Cards
NextAdvisor

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.

- NextAdvisor
NerdWallet

This card makes sense for businesses that need wiggle room on their accounts payable. Others should look for a straight-up rewards card.

- Ben Luthi, NerdWallet
Finder

At first glance, the only setback this card has is the annual fee of $250, which is waived for the first year. But if you take into account that it lets you delay your payments without paying an APR, which can cost anywhere from 12% to 22% variable, then the money you save may outweigh the annual fe...

- Finder
CreditCards.com

The Plum Card from American Express is a flexible charge card that gives business owners the option to delay payment for up to 60 days, or receive a cash back bonus for paying early.

- Holly Johnson, CreditCards.com

Details


Interest Rates
Regular APR Interest Rate

- No interest charges because you pay your balance in full each month.

- Get a 1.5% early pay discount with no cap.

Balance Transfer Interest Rate

No interest charges because you pay your balance in full each month.

Cash Advance Interest Rate

No interest charges because you pay your balance in full each month.

Rates & Fees
Annual Fee $250.00

Waived on the first year.

Balance Transfer Fee $0.00
Cash Advance Fee $0.00
Foreign Transaction Fee $0.00
Over Limit Fee $0.00
Late Payment Fee 1.5%

then 2.99% of the past due amount, minimum of $39

Promotions
Sign up bonus No
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details
Features & Benefits
Additional Card Holders Yes

The maximum number of Additional Cards issued on each Account is 99.

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees Yes
Emergency Assistance Yes
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments No
Additional Benefits
  • Baggage Insurance Plan
  • Return Protection
  • Pay Early For a 1.5% Early Pay Discount with no cap
  • Take up to 60 days to pay with no interest
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


Compare Cards

Big buying power and flexible payment options

Compare Cards

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.

Read full review

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.

Read full review

Less

NextAdvisor

Combines no preset spending limits with a discount on your balance if you pay early

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.

Read full review

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.

Read full review

Less

NerdWallet

Payment flexibility for business

from NerdWallet

This card makes sense for businesses that need wiggle room on their accounts payable. Others should look for a straight-up rewards card.

Read full review

This card makes sense for businesses that need wiggle room on their accounts payable. Others should look for a straight-up rewards card.

Read full review

Less

Finder

Designed for companies that need flexibility in managing monthly payments

At first glance, the only setback this card has is the annual fee of $250, which is waived for the first year. But if you take into account that it lets you delay your payments without paying an APR, which can cost anywhere from 12% to 22% variable, then the money you save may outweigh the annual fee.

Read full review

At first glance, the only setback this card has is the annual fee of $250, which is waived for the first year. But if you take into account that it lets you delay your payments without paying an APR, which can cost anywhere from 12% to 22% variable, then the money you save may outweigh the annual fee.

Read full review

Less

CreditCards.com

Great for business owners who need payment flexibility

from CreditCards.com

The Plum Card from American Express is a flexible charge card that gives business owners the option to delay payment for up to 60 days, or receive a cash back bonus for paying early.

Read full review

The Plum Card from American Express is a flexible charge card that gives business owners the option to delay payment for up to 60 days, or receive a cash back bonus for paying early.

Read full review

Less

Dough Roller

Unique repayment terms and rewards for small businesses

from Dough Roller

Will work best for businesses that have a high and predictable cash flow and can easily accommodate immediate balance payments. It will not work for businesses that are looking for a cash flow management tool. Nor will it work for businesses that have low or irregular revenue streams.

Read full review

Will work best for businesses that have a high and predictable cash flow and can easily accommodate immediate balance payments. It will not work for businesses that are looking for a cash flow management tool. Nor will it work for businesses that have low or irregular revenue streams.

Read full review

Less

Credit Card Insider

Expensive and not very rewarding

from Credit Card Insider

A different kind of card, giving small business owners a lot of flexibility when it comes to paying it off. If you’re not sure when you’ll have the money to pay your bill, this card provides some wiggle room.

Read full review

A different kind of card, giving small business owners a lot of flexibility when it comes to paying it off. If you’re not sure when you’ll have the money to pay your bill, this card provides some wiggle room.

Read full review

Less

Credit Cards Explained

A business credit card to help your small business grow

from Credit Cards Explained

The Plum Card from American Express OPEN is best for established business owners with good credit that are looking for expansion. With the adjustable spending power and the deferred payment option, this card can help with your cash flow.

Read full review

The Plum Card from American Express OPEN is best for established business owners with good credit that are looking for expansion. With the adjustable spending power and the deferred payment option, this card can help with your cash flow.

Read full review

Less

Bankrate

This card is good for a business that doesn't have consistent cash flow

from Bankrate

If you have the type of small business where your cash flow each month can vary wildly, The Plum Card from American Express offers some incentives to help keep your bills under control.

Read full review

If you have the type of small business where your cash flow each month can vary wildly, The Plum Card from American Express offers some incentives to help keep your bills under control.

Read full review

Less

Wise Bread

Get paid for paying early

from Wise Bread

Although it doesn’t come with some of the features you get with other business cards, this card could still be worth carrying if you can pay your balance in full and pay at least your minimum monthly payment within 10 days of your statement closing date.

Read full review

Although it doesn’t come with some of the features you get with other business cards, this card could still be worth carrying if you can pay your balance in full and pay at least your minimum monthly payment within 10 days of your statement closing date.

Read full review

Less

User Reviews


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