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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
The Plum Card from American Express review: Simple cash back and payment flexibility for businesses
Chris Nelson is a credit cards writer for TPG. He specializes in budget travel, hotels, earning elite status through minimal spending and redeeming points for maximum value.
Chris was a reporter at The Points Guy, where he covered the intersection of credit card rewards and travel. At TPG, he wrote a broad array of stories ranging from in-depth features and reports to trending travel news as it related to loyalty, card benefits and consumer behavior.
also contributed to this story
February 3, 2025 • 7 min read
BLOOM PRODUCTIONS/GETTY IMAGES
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Editorial note: This is a recurring post, regularly updated with new information and offers.
Quick summary
This business card offers a flexible payment option, allowing up to 60 days interest-free on new balances if the minimum payment is made.
A 1.5% discount is available for early payment, but only if the balance is paid within 10 days of the statement closing date.
The card features no preset spending limit and includes basic protections such as extended warranty and secondary rental car coverage.
Its benefits are limited compared to other business cards, and it does not provide a welcome offer.
What to consider
You must pay at least the minimum due to access the 60-day interest-free period, but deferred amounts do not earn the early payment discount.
Employee cards are available at no additional cost, and the card includes expense management tools.
Other business cards may offer more robust rewards and benefits, often with lower or comparable fees.
What you'll miss from the article
A detailed comparison of competing business cards and insights on which options offer better value for various business needs.
Generated by AI with support from our editorial team.
Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
The Plum Card® from American Express (no longer available) is a unique business card with a flexible payment option. You can earn a discount of 1.5% for paying early or up to 60 days interest-free (on new balances) when you make the minimum payment. However, unless you’re a business with fluctuating cash flow, other higher rewards-earning cards will likely suit you better. Card Rating*: ⭐⭐
*Card Rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
The Amex Plum Card is a simple business card with no preset spending limit* and an annual fee of $250. Normally, you need to pay this type of card in full each month, but the Plum card allows you an up to 60-day interest-free period, as long as you make the minimum payment by the due date.
Still, this card is very light on benefits. In most cases, you’d be better off applying for one of TPG’s top business credit cards. Many cards on this list have modest annual fees, first-year benefits valued at more than $1,000, and comparable (or better) ongoing reward rates.
TPG recommends a good to excellent credit score to increase your chances of being approved. Let’s take a closer look at the Plum Card to see if it might be a good fit for you.
The information for the Plum Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
*No Preset Spending Limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment and credit history.
Plum Card pros and cons
Pros
Cons
Earn unlimited 1.5% cash back on the portion of your balance that you pay within 10 days of your statement closing date
Accrue no interest on your balance for up to 60 days
No preset spending limit
No foreign transaction fees
$250 annual fee
Limited benefits
No welcome offer
No earning on payments after 10 days of the statement closing date
Plum Card welcome offer
Unfortunately, the Plum Card does not have a welcome offer.
Many other business cards with similar or lower fees have valuable welcome offers, so it's quite disappointing to see no welcome offer despite a high annual fee on this card.
With the Plum Card, you’ll earn a 1.5% discount on eligible charges you pay within 10 days of your statement closing date. The discount is applied to your account as a credit on the following statement. You don’t need to manage rewards or choose from several different redemption options — everything is automated for you.
You also have the option to carry a balance interest-free for up to 60 days. To qualify for this option, you’ll need to pay at least the minimum amount due (10% of new purchases plus all of any previously deferred balance) by the due date. However, deferred amounts are not eligible for the 1.5% discount.
*Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
Additionally, you can get employee cards for no extra cost, and you’ll get a suite of expense management tools to help oversee your spending.
This is a very light list of benefits for a card with such a substantial annual fee. If you don't need the option to carry a balance interest-free for 60 days, you'll almost certainly get more value from a different card.
With the Plum Card, you'll earn 1.5% cash back on all purchases when you pay your balance within 10 days of the statement closing date. If you don't pay within this time frame, you will not earn any rewards on your spending.
This earnings rate is especially unremarkable since many cash-back cards offer 1.5% or more on all purchases. What's more — many of these cards come with no or a lower annual fee and don't have restrictions like the Plum card's 10-day payment window.
Redeeming cash back on the Plum Card is simple, as it is automatically applied as a credit to your next billing statement.
This can be beneficial if you don't want to have to worry about how to redeem cash back. However, it's a drawback if you like to pool for cash back and redeem it at one time.
I prefer to earn points and miles instead of cash back, as I tend to get great value with point redemptions. Thus, I get far more value from my than I would from this card.
If you want bonus rewards on business spending: The (see rates and fees) has a $95 annual fee and earns 3 points per dollar spent on the first $150,000 spent each year on common business categories. For more information, check out our full review of the Ink Business Preferred.
If you prefer to earn Membership Rewards points: The has no annual fee (see rates and fees) and earns 2 Membership Rewards points per dollar spent on up to $50,000 in eligible business purchases each year, then 1 point per dollar spent thereafter. For more information, check out our full review of the Blue Business Plus card from American Express.
The Amex Plum Card is only worth it if you have a business with variable cash flow and need extra time to pay by taking advantage of the 60 days to pay in full. Generally, there are better cards that offer excellent welcome bonuses and other business-related perks that are likely better options for your needs.
Bottom line
The main value of the Plum Card from American Express is its simplicity; there's no credit limit to navigate, and it earns 1.5% back on eligible early payments. However, since you can earn 1.5% back (or more) with several different no-annual-fee business credit cards, the Plum card is rarely a good fit.
For rates and fees of The Blue Business Plus Card, please click here.
