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The Plum Card® from American Express OPEN Review

by Michael

The words “small business” and American Express have always gone hand in hand, and if you’re in need of a line of credit for your business, you’ll want to take a look at The Plum Card® from American Express OPEN.  Excellent credit is required to obtain this card but for those willing to apply, you simply won’t find a better business card in the market today.

The Plum Card® from American Express OPEN is not your typical small business credit card.  This is a charge card, which means your balance is due in full each and every month. However, it comes with a twist. American Express offers an Early Pay Discount. Cardholders can receive a 1.5% discount for paying early or up to 60 days to pay without interest, or both each month.

Should a cardholder not be able to pay the balance within the time-frame, a late payment fee may be applied to your account and it could be reported against your credit. So it’s always best to pay your bill in full.

Earn savings by paying your bill in full 10 days early. This is a solid cash rewards offer, making it one of the best cash back small business credit cards available in the market today. The Plum Card® from American Express OPEN also includes a litany of benefits, including: purchase protection, return protection, extended warranties, and travel accident insurance. Each of these benefits has certain rules and restrictions, so it’s important to read and understand them before applying.

Here are some of the other benefits offered by this card:

  • Get a 1.5% discount for paying early or up to 60 days to pay without interest, or both each month.
  • Do business on your terms.
  • Pay no annual membership fee for your first year. Then, pay $250 annually.
  • No annual fee for Additional Cards.
  • Terms & Restrictions Apply.

Who is this card for? This card is best for business with good credit and solid earnings. New cardholders will pay no annual membership fee for your first year. Then, pay $250 annually. There is no annual fee for Additional Cards, which makes this a good card for businesses with more than one employee. If you find your small business in need of a line of credit from the most respected small business credit card provider, consider the The Plum Card® from American Express OPEN.  Keep in mind your balance will be due in full each month. But if that is something you can handle, your savings can be in the thousands.

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.


Published or updated December 30, 2013.
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