Amex Plum Business

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welcome offer

No welcome offer

Bonus Cash Value

Approximately $0*

Annual Fee

$250 (waived 1st year)

Card Rewards

1.5% cash back when you pay your bill within 10 days of your statement closing date

Help Me Build Credit has partnered with CardRatings for our coverage of credit card products. Help Me Build Credit and CardRatings may receive a commission from card issuers. The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

Card Overview

The Plum Business card is designed to help a business manage its cash flow. You get to carry a balance for 60 to 90 days without paying interest ((60 days from when your statement prints). If you choose to pay your balance early, you will earn 1.5% cashback on all purchases! The no preset credit limit gives you a lot of extra purchase power.

Card-Smart Tips & Advice
  • Good credit needed
  • Step by step guide how on to apply without an LLC or C-Corp
  • In a time span of 90 days, you can only get approved for 2 Amex cards.
  • You can only get approved for up to-and including- 10 Amex No Preset Spending Limit* cards. (This rule is not always enforced)
  • Amex will usually pull your Experian credit report
  • You can check your application status here or call 1 800 567 1083
  • If declined you can call 1 800 567 1083 to be reconsidered
Welcome Offer Eligibility
You can only receive 1 welcome bonus per lifetime on each Amex credit card. If you are not eligible for the welcome bonus you will be notified by Amex before you submit the application.
Card Details And Benefits
  • Receive 60 days to pay your bill without paying interest
  • There is no preset credit limit
  • Global assist hotline
  • No Foreign Transaction Fee
  • Auto Rental Collision Insurance
  • Return Protection
  • Extended Warranty Protection
  • Purchase Protection

Additional Resources

  *No Preset Spending Limit means the spending limit is flexible. [In fact,] unlike a traditional [credit] card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history

Compare Cards

CardAmex Plum BusinessChase Ink Business UnlimitedCapital One Spark Cash For Business
Welcome BonusNo welcome bonusEarn $750 (75,000 points) after $7,500 spent within the first 3 months. Intro 0% APR for 12 months on purchases.
Annual Fee$250$0
Rewards- 1.5% cash back when you pay your bill within 10 days of your statement closing date- Unlimited 1.5% cashback - 5% cash back on Lyft rides - Unlimited 2% cashback on all purchases
No Foreign Transaction FeeNone3%
Auto Rental Collision InsuranceSecondary worldwide coverage (excluding Australia, Italy, and New Zealand) on rentals up to 30 days (max $50,000). You can purchase from Amex a premium plan that will offer primary coverage up to 42 days (max $100,000).Worldwide primary coverage on rentals for business purposes, secondary coverage on rentals for personal purposes. Coverage is for rentals up to 31 days.
Travel Accident InsuranceGet coverage If you god forbid die in an accident on a Common Carrier while traveling or lose a limb, sight, speech, or hearing, receive up to $500,000 in compensation.
Lost Luggage ReimbursementGet up to $3,000 per person for lost or damaged luggage.
Extended Warranty ProtectionGet one additional year on top of the original manufacturer’s warranty. (Will only cover if the original warranty is for 5 years or less. Max $10,000 each claim and $50,000 per year.Get one additional year on top of the original manufacturer’s warranty. (Will only cover if the original warranty is for 3 years or less). Max $10,000 per claim $50,000 per account.
Purchase ProtectionGet refunded if your purchase is damaged or stolen for up to 90 days from date of purchase. Max $1,000 per claim and $50,000 per yearGet refunded if your purchase is damaged, or stolen for up to 120 days from the date of purchase. Max $10,000 per claim $50,000 per year.
Authorized User Fee$0$0
Luggage Delay InsurenceIf your baggage is delayed more than 6 hours you can claim up to $100 per day to cover expenses like toiletries, clothing for up to 3 days.
Roadside AssitanceChase will dispatch you assistance for free, but you will need to pay the service fee.

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*The estimate is based on our research on what approximate value consumers get when booking travel with points or transferring the points to partner airlines/hotels and booking award travel. You might need to be reward savvy to achieve the proper value. You can find out more on how we value points here

Please note: Although, I put a lot of effort to give my readers unbiased information. I’m legally required to notify you that I may be receiving compensation from credit card companies mentioned on this page. Please see our Advertisement Disclosure for more details.
The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.
Help Me Build Credit has partnered with AwardWallet and CardRatings for our coverage of credit card products. Help Me Build Credit, AwardWallet and CardRatings may receive a commission from card issuers.

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