Plum Card® from American Express review

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Advertiser Disclosure

Interest Rate: Purchases
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Balance Transfer
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Rewards
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Signup Bonus
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7.5/10
Informr score
The Plum Card® from American Express currently has an Informr score of 7.5 out of 10. This score is based on our evaluation of 18 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...


Investopedia

The Plum card from American Express stands apart from most business cards. It bucks the norm by emphasizing not rewards or travel benefits but its flexible payment options, including the ability to delay paying bills without incurring interest charges. You can carry a balance for 60 days without int...

- Mitchell Strohm, Investopedia
MyBankTracker

The is worth a look if you're interested in a business charge card that offers flexible payment terms. Getting rewarded when you pay early is a nice incentive to consider this card if you're good about staying on top of your monthly due dates. You may want to consider a business credit card with a r...

- Rebecca Lake, MyBankTracker
FinanceBuzz

If you are a small- to medium-sized business that invoices clients, invoices customers, or purchases inventory to sell, it may take you some time to get paid for your product or services. Having a longer period of time to pay your credit card balance could be helpful to make up for gaps in cash flow...

- Brett Holzhauer, FinanceBuzz
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

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 No
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
Virtual Cards Yes
Additional Benefits
  • Baggage Insurance Plan
  • Pay Early For a 1.5% Early Pay Discount with no cap
  • Take up to 60 days to pay with no interest
  • Return Protection
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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