The Plum Card® from American Express Review | CompareCredit.com

The Plum Card® from American Express Review

By Thomas Donaldson, February 19, 2021

The Plum Card® from American Express

Current Offer
1.5% Early Pay Discount, with no cap on what you can earn back
Apply Now

on American Express' secure site

  • 1.5% discount when you pay early
  • Take up to 60 days to pay with no interest
  • No foreign transaction fees and no preset spending limit
  • $0 introductory annual fee your first year, then $250.
  • Good, Excellent
  • AMEX
Product Details
  • Click "APPLY NOW" to apply online
  • Paying early pays off: get a 1.5% Early Pay Discount, with no cap on what you can earn back.
  • Take up to 60 days to pay with no interest, when you pay your minimum due by the Payment Due Date.
  • Use the power of the Plum Card to buy big for your business.
  • No Foreign Transaction Fees.
  • Introductory annual fee of $0 for the first year, then $250
  • Terms & Restrictions Apply.

Our Expert Review

Why We Like It


Offer Rating

4.5/ 5

By Our Editorial Team

Key Benefit

Ultimate flexibility – pay early and get a discount or float expenses for up to 60 days to pay with no interest.

Compare Credit logomarkEditor

The Plum Card® from American Express is unlike any other business credit card and can be a great fit for any business owners looking for flexibility. This card comes with a unique payment structure that gives cardholder the option of paying early and being rewarded, or floating their expenses for as long as 60 days. This clever structure can really come in handy when for business owners who might experience ups and downs in their cash flow – when you have cash on hand, you can get a 1.5% discount when you pay early, with no cap on what you can earn back.

But if you are in the slow season or simply need to float expenses for a few weeks you can take up to 60 days to pay with no interest, if you pay your minimum due. Most credit cards will charge you steep interest rates if you haven't paid off your balance by the monthly due date, but The Plum Card® from American Express gives you double normal grace period and you won't have to worry about interest charges piling up. With is card there are no foreign transaction fees and a$0 introductory annual fee your first year, then $250.

Pros & Cons

Pros

  • Unlimited 1.5% discount when you pay early
  • Float your expenses with up to 60 days to pay with no interest
  • Pay no foreign transaction fees

Cons

  • There is no welcome offer with this card
  • The annual fee after the first year is a little high

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