American Express Plum Card Review- Receive a 1.5% Discount When Balance is Paid in Full

by CC Girl on November 10, 2011

in American Express


Are you a small business owner seeking a charge card with the flexibility to repay your balance on your schedule however with no interest or penalties? The Plum Card from American Express OPEN is a unique charge card without any pre-set spending limit that gives you payment flexibility every month by allowing you to either pay fully and also be rewarded or to defer your payments interest-free. When you use your card, you can earn a 1.5% discount on eligible purchases whenever you pay the account balance in full within 10 days of the statement closing date; this discount will appear as a credit on the next statement. However, you may also choose to take two months to pay your full balance without interest when you pay 10% of your balance by the “Please Pay By” date on your statement and the other 90% by the closing date of your next billing cycle. Also, enjoy other unique benefits like choosing when your billing cycle ends (at the beginning, middle, or end of the month to best suit your business needs) for even more cash flow flexibility. Don’t forget, with the Plum Card, you also enjoy all of the American Express OPEN cardmembership perks such as rental car loss and damage insurance, roadside assistance, travel insurance, plus a plethora of automatic online saving discounts with participating partners.

Key Features:

  • Pay early and save. Earn a 1.5% discount by paying your full balance within 10 days of your statement closing date
  • No penalty or interest charges. Take up to 2 months from your statement closing date to pay your new balance in full, without penalties or interest. Just make an initial payment of at least 10% of your balance.
  • No pre-set spending limit.
  • Flexibility. Select when your monthly billing cycle ends.
  • OPEN Savings program: Automatic business discounts of 3% to 10% on partners, including FedEx, Hertz and more
  • Tools to manage and monitor your spending
  • Business protection, personalized service and support.
  • $0 introductory annual fee for the first year, then $185

If your business has a revenue of at least 6 figures annually and are needing a charge card with a flexible and rewarding repayment schedule, the Plum Card from American Express OPEN is definitely a great option. Apply today!

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

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