The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.


  • The Plum Card® from American Express

    Excellient no preset spending limit card with flexible payback methods


    • 1.5% Cash BackRewards Rate
    • UnspecifiedAPR
    • $250Annual Fee
    • Good–ExcellentRecommended Credit

    The Plum Card® from American Express

    Terms, rates and fees apply

The Plum Card® from American Express is a financial game-changer, especially for business owners and frequent international travelers. It's designed for maximum cash flow flexibility, rewarding you for early payments and offering an extended grace period when you need it. Plus, the absence of foreign transaction fees and free employee cards make it an excellent tool for simplifying your finances. It's more than just a credit card — it's a financial partner that adapts to your needs.

The Plum Card® from American Express Overview

When choosing credit cards, it's crucial to carefully evaluate their features, as they can offer a mix of advantages and drawbacks tailored to different financial needs and lifestyles.

  • Rewards rate: Unlimited 1.5% early pay discount on eligible charges within 10 days of your statement closing date. See the discount applied to your next statement when you pay at least the minimum payment due by the Please Pay By Date.
  • Welcome offer: None
  • Regular APR: N/A
  • Annual fee: $250
  • Intro APR offer: None

Important Card Details

Navigating the world of credit cards means weighing short-term gains against long-term benefits, and The Plum Card® from American Express presents an intriguing case for examination. Our in-depth analysis delves into its unique features, assessing the advantages and potential drawbacks to provide a balanced perspective on its utility, particularly for business owners.

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    Interest-Free Payment

    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.

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    Discount

    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.

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    Fees

    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.

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    Other Perks

    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.

How The Plum Card® From American Express Compares

In the quest to find the perfect credit card, a side-by-side comparison of key features can offer valuable insights into how each card aligns with your unique financial goals and lifestyle.

How This Card Compares

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The Plum Card® from American Express

  • Rewards rate: Unlimited 1.5% early pay discount on eligible charges within 10 days of your statement closing date. See the discount applied to your next statement when you pay at least the minimum payment due by the Please Pay By Date.
  • Welcome offer: None
  • Regular APR: N/A
  • Annual fee: $250
  • Intro APR offer: None
  • Best for: Business owners seeking payment flexibility and efficient cash flow management.
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Ink Business Unlimited® Credit Card

  • Rewards rate: Earn unlimited 1.5% cash back on every purchase made for your business
  • Welcome offer - Earn $750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening
  • Regular APR: 18.49% - 24.49% Variable
  • Annual fee: $0
  • Intro APR offer: 0% introductory APR on new purchases for 12 months (after that, the ongoing variable rate is 18.49% to 24.49%)
  • Best for: Business owners looking for a cost-effective card that offers a welcome bonus, ongoing rewards and an introductory APR offer.

About Grace Pilling


Grace Pilling headshot

Grace Pilling is passionate about empowering readers to make informed financial choices to support their best lives, not a company’s bottom line. Prior to joining MoneyGeek as a senior content manager, Grace was a senior editor at CreditCards.com and Bankrate, where she focused on teaching people how to use credit cards wisely.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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