Review
American Express Plum Card Review: Unique Payment Choices for Businesses
The Plum Card® offers a unique approach to business credit cards, allowing you to either grab a 1.5% early payment discount or take up to 60 days to pay without interest. But is this flexibility worth the $250 annual fee?
American Express
The Plum Card®
| Annual Fee | $250.00 |
| Rewards Rate | 1.5% Cash Back |
| Sign-up Bonus | No signup bonus |
Overview
Pros & Cons
What's great
- Cashback on purchases
- No preset spending limit
- Flexible billing cycle
Things to consider
- Annual fee
- No sign-up bonus
- No intro APR period
- High regular APR
Benefits
Drawbacks
Decision Guidance
Summary
The Plum Card® by American Express is a very niche product, best suited for businesses with specific cash flow management needs. Its standout feature is the flexible payment options—either a 1.5% discount for early payment or up to 60 days to pay wit...