The American Express Plum Card is a business credit card that is a quasi charge card / credit card hybrid. The Plum Card from American Express is one of the more popular American Express Credit Cards that also offers 60 second express approval application. Should you submit an American Express Plum Credit Card application? Read this Plum Card review and see if this is the best card for you and be sure and try out our free credit card finder tool to find and compare credit cards today!
American Express Plum Card Rewards
Here are some of the American Express Plum Credit Card offer rewards:
- 1.5% discount if balance in full within 10 days
- Pay 10% or more of the balance due and take up to 2 months to repay the balance in full without any interest
- No annual fee for the first year (and then $185 for the first Plum card and $45 for additional Plum cards every year thereafter)
- American Express OPEN® savings
- QuickBooks integration
See the American Express Plum Card terms and conditions for additional detail.
American Express Plum Credit Card Application
The American Express Plum Credit Card has an online application and a phone application. Should you apply for the Plum Card? Do your homework before applying for any credit card offer and be sure and use our free comparison tool to start comparing credit cards now!
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Warning about the Plum card for your Readers:
I just got the Plum Card and was made aware of something that the Customer Service Rep wasn’t aware of until I pressed the issue and he had to find out the answer from a supervisor:
The 1.5% is strictly applied to payments within the first 10 ten days after the monthly cycle closes. The caveat there is that payments made during the monthly cycle do not get the discount reward. That’s an important distinction that will not necessarily be clear to anyone reading about the card and I think you should know that. I now realize that if I pay “too early”, the discount doesn’t apply. I was very disappointed. AMEX charge cards may not have a preset limit but they do have limits based on spending patterns. If I have $5000 available and use that in the first week of the monthly cycle on unforeseen expenses with several auto-debits still to come, I need to pay down the balance quickly within a few days and thus NOT get the discount on that payment. The discount only applies to the ENDING BALANCE. Now, if you have a stratospheric limit on the card, it won’t matter. But for many small business owners juggling expenses and spending limits while trying to get maximum rewards, this can and will be a nuisance. Applicant beware.