Connect with us

Business

American Express Review Plum Card

 


If you run a small business, regardless of its size, whether it is dog walking on your own, running a small cafe employing 10 people or supervising a manufacturing plant employing close to 100 people is likely a concern.

With The American Express Plum Card, you can defer payment of part of your company's monthly invoices without interest. If your cash flows from month to month fluctuate, this may be the ideal credit card for your business needs.

Most small business credit cards do not require you to run a formal business to qualify, so anyone, from an entrepreneur to a secondary scammer, can apply, without needing to rely solely on your personal credit card. With the Plum card, this can mean extending the time it takes to pay bills while you focus on more urgent expenses.

Below, CNBC Select breaks down the rewards, benefits and costs associated with The American Express Plum Card to help you decide if this is the right card for your business needs.

American Express Plum Card Reviews

  • Awards
  • Additional benefits
  • Fees
  • Conclusion

The American Express Plum Card

The American Express Plum Card
  • Awards

    Get an unlimited 1.5% cash back on the part of your balance you pay within 10 days of the statement closing date

  • Welcome bonus

  • Annual subscription

    $ 250, canceled the first year

  • Intro APR

  • Regular APR

  • Balance transfer fees

  • Foreign transaction fees

  • Credit needed

Benefits

  • Free employee cards
  • 1.5% cash back prepayment
  • Annual fees canceled the first year
  • No fees on purchases made outside the United States

The inconvenients

  • $ 250 annual fee (canceled the first year)
  • No special financing offer

On the secure site of American Express

American Express Plum Card rewards

If your business depends on an irregular or infrequent cash flow, you can use the Plum card to plan your quarterly expenses. Although most business credit cards charge interest on unpaid balances after your grace period, you can extend that period to pay your business expenses with the American Express Plum card.

It works like this: cardholders can take up to 60 days to pay interest-free when they pay the minimum due on the due date for payment. While paying your balance in full each month is ideal, some businesses operate on a different schedule. The Plum Pay It Later carryover program gives these business owners welcome flexibility as long as they pay the amount of the carryover from the previous month and at least 10% of the new card fees during the current month.

The new fees remaining from the current month are then moved to be paid during the next billing cycle at 0% interest.

This is an exceptional advantage for companies that often have credit card balances due to unstable cash flow. You can keep a balance on your credit card without having to pay short-term interest, which is useful during periods of high initial costs, such as hiring new talent, increasing inventory or marketing in order to get new independent contracts.

And when business picks up, there are incentives to pay your balance sooner. With prepayment discount, cardholders earn unlimited 1.5% cash back on the portion of their balance they pay within 10 days of their statement closing date. . Cash back is applied as a credit on your next monthly bill.

It's a little unique from a refund card in the sense that you have to pay your balances before the end of the billing cycle, but automating your payments never has worth it.

Even if The Plum Card has no expense rewards, like the Capital One Spark Classic for business which offers unlimited 1% cash back on each purchase, prepaying can mean long-term savings for your business.

This card also offers a special offer for new cardholders that allows them to earn up to $ 600 by receiving a $ 200 credit after every $ 10,000 spent on card purchases, up to $ 30,000 in the first three months.

Additional benefits

With The American Express Plum Card, business owners get additional benefits that can give them peace of mind. They range from management tools that help track spending by businesses and employees, to exclusive guarantees at low rates when booking hotels for business trips.

Here are some useful benefits and protections, which may apply to primary and additional cardholders:

  • Expense management tools: Keep track and organize your spending with features like the American Express Business App, Vendor Pay by Bill.com and account alerts to monitor employee spending.
  • No predefined spending limit: That doesn't mean unlimited spending (user payment history and credit history is also taken into account), but cardholders have more power over the amount they can charge on their menu.
  • Global Assist helpline: Receive 24/7 emergency assistance for things like lost baggage, visa / passport assistance, access to bank transfers and medical and legal references.
  • Car loss and collision damage insurance: Consider yourself covered if your rental vehicle is damaged or stolen while on a work trip.
  • Lowest rate guarantee: For business travelers who book hotel stays on amextravel.com and then find the same booking for a lower price online, American Express refunds the difference.
  • Return protection: Return eligible items to American Express up to 90 days from the date of purchase, if you purchased with your Amex card.
  • By invitation only: Enjoy exclusive events from sport and fashion to gastronomy, art and performance.
  • Amex offers: Receive exclusive discounts on purchases at select retailers with Amex offers. These offers usually give you a fixed amount of cash back, credited to your account within 90 days of meeting the requirements.

Conditions apply to all benefits.

Fees

The Plum card waives your annual fees the first year, but it can reach $ 250 from your second year. It’s higher than some other small business credit cards like Capital One Spark Cash Select for businesses, which has no annual fee and offers a 1.5% discount on each purchase. There is no charge for additional Prune employee cards issued to the account.

With no overseas transaction fees, you can make international purchases for your business without worrying about additional cost.

Conclusion

When it comes to choosing the right credit card for your business, there are many benefits to consider, whether it is finding increased savings for your business or manage daily expenses more easily.

Although the 1.5% discount for prepayment is an advantage The American Express Plum Card, this credit card really stands out because of the flexibility it offers business owners with extra days to cover their costs through the Pay It Later carry-over program.

If your business has a more predictable cash flow, consider other small business credit cards that offer better rewards at lower annual costs. the Capital One Spark Cash for businesses offers a simple and unlimited 2% cash back with no annual fee for the first year, $ 95 thereafter.

Information on Capital One Spark Cash for Business, Capital One Spark Cash Select for Business and Capital One Spark Classic for Business has been independently collected by CNBC and has not been reviewed or provided by the card issuer before publication.

Editorial note: The opinions, analyzes, criticisms or recommendations expressed in this article are those of the editorial staff of CNBC Select only and have not been examined, approved or otherwise approved by a third party.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]

13 Comments

13 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *