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You are here: Home / Credit Cards / The Plum Card® from American Express

The Plum Card® from American Express

July 25, 2022 by Rob Berger

The Plum Card® from American Express is not your typical small business credit card. In fact, it’s not a credit card at all but a charge card. This means that every purchase you make MUST be paid off within the grace period. This card includes a 1.5% Early Pay Discount.

The Plum Card® from American Express
Learn More
Rates & Fees
Terms Apply
Our Rating
3.8/5.0
Welcome Offer
None
Annual Fee
$250
0% on Purchases
None
Rewards Rate
0 - 1.5%
0% on Balance Transfers
None

Rewards

1.5% cash back
All eligible purchases
Earn unlimited 1.5% cash back on the portion of your balance you pay within 10 days of your statement closing date. There's no cap on how much you can earn and no purchase categories.

Pros & Cons

Pros
  • No foreign transaction fee
  • Up to 1.5% Early Pay Discount
Cons
  • Annual fee
  • No welcome bonus
  • Requires good credit

Features & Benefits

SecurityEMV Chip Enabled, Alerts
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsExtended Warranty Coverage, Purchase Protection, Choose your due date, 24/7 customer service
Travel PerksAuto Rental Collision Damage Waiver, Emergency Travel Assistance

Interest Rates & Fees

There is no advertised interest rate because American Express expects your balance to be paid in full each and every month. If it's not, The Plum Card® from American Express offers the added benefit of allowing for payment 60 full days after your billing statement. Nearly all other charge cards require payment within the first month of the billing cycle.

Annual Fee$250
Foreign Transaction FeeNone
Regular APRN/A (V) APR

What Are the Best Alternatives?

American Express Blue Business Cash™ Card
American Express Blue Business Cash™ Card

Rating

4.6

Rewards Range

1% - 2%

Annual Fee

$0

Read Review
Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card

Rating

4.9

Rewards Range

1.5%

Annual Fee

$0

Read Review
Capital One Spark Cash Select - $500 Cash Bonus
Capital One Spark Cash Select - $500 Cash Bonus

Rating

4.7

Rewards Range

1.5% - 5%

Annual Fee

$0

Read Review

Related

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About Rob Berger

Rob Berger is the founder of allCards.com. He's written about personal finance and investing since 2007 and is the author of the highly acclaimed book, Retire Before Mom and Dad. He is a former litigation attorney in the securities field and the Founding Editor of Forbes Advisor.

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About Allcards.com

Rob Berger founded allcards.com in 2008 to help consumers make data-driven decisions about credit cards and banking. A retired trial attorney, he’s written about credit cards, banking and personal finance since 2007, and is the author of Retire Before Mom and Dad.

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