| Rewards | Rather than traditional points, you get an unlimited 1.5% “Early Pay” discount on the portion of your balance that you pay within 10 days after your statement closes. |
|---|---|
| Signup Bonus | There is no welcome bonus for this card. |
| Annual Fee | $250 |
| Cardmember Agreement | View Here |
| Cash Advance APR | Cash advances are not permitted. |
| Cash Advance Fee | Cash advances are not permitted. |
| Late Payment Fee | $39 or 1.5% of the past-due amount (whichever is greater). If you miss two billing cycles, it increases to the greater of $39 or 2.99% of the past-due amount. |
| Purchases APR | There is no traditional APR because it’s a charge card—your balance is due in full each month unless you opt into the 60-day defer-pay option. |
| * Card terms and offers are subject to change. Confirm current details with the issuer. | |
CARD OVERVIEW
The American Express Plum Card is known for its flexible payment terms rather than flashy rewards. Instead of points or miles, it offers a simple early-pay discount and the ability to defer payment for up to 60 days with no interest. It also comes with a relatively high annual fee, which is a sticking point for many small-business owners.
Most users say the biggest perk is the cash-flow breathing room—being able to choose between a discount for paying early or extra time to pay really helps businesses with uneven revenue. Many reviewers mentioned that Amex’s customer service is reliably strong, which adds to the card’s appeal.
On the flip side, users often complain that the card feels “bare-bones” because there’s no rewards program beyond the early-pay discount. Some also say the annual fee is tough to justify if you don’t regularly take advantage of the payment flexibility.
Personally, I think the Plum Card is best for businesses that value cash-flow control above all else. If your spending is unpredictable or you appreciate extra time to pay, it can be a smart tool. But if you’re looking for points, travel perks, or richer rewards, you’ll find better value with other business cards.
RATE THIS CREDIT CARD
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No wow factor
got the Plum card because of the flexible payment window, and yes, that feature is helpful during slow months for my boutique. But the card feels a little empty beyond that. No big rewards, no “wow” perks, and the annual cost stings a bit. I’ve kept it because it smooths out cash flow, but it’s definitely not my favorite Amex.
