The Plum Card® from American Express

card_name is not your typical small business credit card. You’ll earn a 1.5% early pay discount on eligible charges paid within 10 days of your statement closing date. If something comes up and you need a bit more time to pay, you can go up to 60 days without accruing interest. There are no preset spending limits, which means your spending limit is flexible and will vary according to your credit score, income, habits, etc. It doesn’t mean you can go out and charge a fleet of trucks. We dive into the details and your approval odds in this review.

Welcome Offer

N/A Terms Apply.

Our Rating

3.8/5.0

Welcome Offer

Paying early pays off: earn an unlimited 1.5% Early Pay Discount on eligible charges paid within 10 days of your statement closing date and see the discount applied to your next statement when you pay at the least the Minimum Payment Due by the Payment Due Date.

Annual Fee

$250‡

0% Intro on Purchases

N/A

Reward Rate

0 – 1.5%

0% Intro on Balance Transfers

N/A

Welcome Offer

N/A

Editorial Review

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

Rewards

1.5% cash back
All eligible purchases
Earn unlimited 1.5% cash back on eligible charges when you pay within 10 days of your statement closing date. There's no cap on how much you can earn and no purchase categories, just savings applied to your next statement.

Interest Rates & Fees

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

Insurance

Extended Warranty

When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty§ can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year.

  • Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. 
  • Please visit americanexpress.com/benefitsguide for more details. 
  • Underwritten by AMEX Assurance Company.

Return Protection

With Return Protection, you may return eligible purchases to American Express if the seller won’t take them back up to 90 days from the date of purchase. American Express may refund the full purchase price excluding shipping and handling, up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express® Card. Purchases must be made in the U.S. or its territories.

  • Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. 
  • Please visit americanexpress.com/benefitsguide for more details.

Purchase Protection

When an American Express® Card Member charges a Covered Purchase with their Eligible Card, Purchase Protection can help protect their Covered Purchases for up to 90 days from the Covered Purchase date if it is stolen or accidentally damaged. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year.

  • Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. 
  • Please visit americanexpress.com/benefitsguide for more details.
  • Underwritten by AMEX Assurance Company.

Car Rental Loss and Damage Insurance

Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply.

  • Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. 
  • Please visit americanexpress.com/benefitsguide for more details. 
  • Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.

What Credit Score Is Required to Get the The Plum Card® from American Express

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.

Lowest Approved Credit Score: 771

Average Approved Credit Score: 776

App StatusDateCredit ScoreBureauCredit Limit
Approved06/05/2023
771
TransUnion
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Approved06/05/2023
774
Equifax
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Approved06/05/2023
783
Experian
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Pros & Cons

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

What Are the Best Alternatives?

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

Rating

4.6

Rewards Range

1% - 2%

Annual Fee

No annual fee

Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card

Rating

4.6

Rewards Range

1.5%

Annual Fee

$0

Capital One Spark Cash Select
Capital One Spark Cash Select

Rating

4.7

Rewards Range

1.5% - 5%

Annual Fee

$0

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To view rates and fees of the The Plum Card® from American Express, see this page.