The Plum Card® from American Express Review

An exciting feature of the Plum Card® is the up to 60 interest-free days you get to settle your bill. You'll have a generous grace period to clear your dues without incurring interest, giving you more financial flexibility. However, remember that this benefit hinges on you meeting the minimum payment requirement by the due date.

The 1.5% early pay discount on qualifying purchases is another star feature of this card. It incentivizes timely payments, rewarding you for clearing your dues early. The "unlimited" discount has no cap, potentially saving you a considerable amount over time. These savings are conveniently reflected in your next billing statement. This feature promises and delivers instant gratification, encouraging a cycle of responsible credit card usage.

While the Plum Card® does come with an array of perks, it has a considerable annual fee of $250. This fee might be a drawback for potential users who do not spend a significant amount monthly. Hence, to fully benefit from this card, you must ensure that your yearly savings from the early pay discount and other perks outweigh the annual fee.

One cannot overlook the additional perks, including no foreign transaction fees and complimentary employee cards. If you're a frequent traveler, the absence of foreign transaction fees can translate into substantial savings. Meanwhile, the no-fee employee cards can be a boon for small business owners looking to streamline company expenses and monitor the spending habits of their employees, all without incurring extra charges.