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Apply online for The Plum Card® from American Express OPENSponsored card
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The Plum Card® from American Express OPEN Review

Pros & Cons

  • You have up to 60 days to pay off your balance before it starts accruing interest once you’ve paid your minimum amount due.
  • Get rewarded for paying your bill early. Even if you only pay the minimum due, paying within 10 days of the statement closing date earns you a 1.5 percent discount on the portion of your bill that you pay early.
  • As a Plum Card from American Express cardholder, you can choose whether to receive your bill at the beginning, middle or end of the month.
  • You’ll have to pay off your balance in full when you get each statement unless you exercise the “Extra Days to Pay” option, in which case you’ll have until the following statement due date to pay off your balance.

Full Review

Curtis Arnold Editor-in-chief
American Express is a CardRatings.com advertiser

The Plum Card® from American Express OPEN details

Balance Transfer Intro APR
N/A
Balance Transfer Intro Period
N/A
Purchase Intro
APR:
N/A
Purchase APR
N/A 
Annual Fee
Introductory annual fee of $0 for the first year, then $250

What American Express says about this card

  • Paying early pays off: Get a 1.5% discount when you pay early, with no cap on what you can earn back.
  • Take up to 60 days to pay with no interest, if you pay your minimum due.
  • Use the power of the Plum Card to buy big for your business.
  • Unlock new opportunities with a spending limit that can grow with your business.
  • Additional Employee Cards at no annual fee - and an early pay discount on employee spending.
  • No Foreign Transaction Fees.
  • Introductory annual fee of $0 for the first year, then $250
  • Terms & Restrictions Apply.

Credit Card Consumer Average Ratings:

Overall Ratings
Reward Program
Card Benefit
Customer Service

Credit Card Consumer Reviews:

  1. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    LV ( Nov 16, 2013 at 3:27 pm)

    This card initially allows you to charge card with an increased spending limit and then all of a sudden cut off your spending ability to more than half of what you are able to spend the previous months even with good payment history with AMEX. After 3 months, they'll increase again and then 3 months after that, they cut it off again! All these without missing a damn on time payment! This happened to us twice already! It is so frustrating! This ultimately screws up your cash flow especially when you are a growing company. You are better off with a card that has a set credit limit that way you know exactly how much you can spend and plan allocation of cash flow appropriately. Extremely disappointed with AMEX Plum. I would not recommend it for a growing company.


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