The Plum Card from American Express OPEN Review

While American Express is an advertising partner of HustlerMoneyBlog, the opinions and beliefs in this article are those of the author alone, who makes every effort to ensure the accuracy of the information.

American Express Plum CardAre you a business owner looking for a charge card with the flexibility to pay your balance on your schedule but with no interest or penalties? The Plum Card® from American Express OPEN is a unique charge card with no pre-set spending limit that gives you payment flexibility each month by allowing you to either pay in full and be rewarded or to defer your payments interest-free. When you use your card, you can earn a 1.5% discount on eligible purchases OR up to 60 days to pay without interest, or both each month. This discount will appear as a credit on your next statement. However, you can 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. In addition, 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 card membership perks such as car rental loss and damage insurance, roadside assistance, travel insurance, and a plethora of automatic online saving discounts with participating partners.

Apply Now Card

American Express Plum Card Features:

  • Do Business on your terms: Get a 1.5% discount for paying early or up to 60 days to pay without interest, or both each month.
  • Limited Time Offer ends 8/24/2015. Earn up to 3.5% back on your first $30,000 in purchases on the Card within the first 3 months of Card Membership.
  • Here’s how: Pay early and get 1.5% back with no cap. Plus, get an additional $200 statement credit for every $10,000 you spend on the Card, up to $600 back. That can be an extra 2%.
  • The power to buy big with a spending limit that can grow with your business.
  • No Foreign Transaction Fees.
  • Pay no annual Membership fee for your first year. Then, pay $250 annually.
  • No annual fee for each additional Employee Plum Card.
  • Terms & Restrictions Apply.

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

Apply Now Card

Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. says

    Be aware that Amex will do a periodic review and reduce your line from unlimited to some other number. Then at random will do it again (even if there is no financial reason it should go lower). This can be embarrassing when your card suddenly gets declined because they pared your limit by 2/3rd.

    • LV says

      I agree – 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.

  2. John V says

    Warning about the Plum card for your Readers:

    I just got the Plum Card and was made aware of something that the Customer Service Rep wasn’t aware of until I pressed the issue and he had to find out the answer from a supervisor:

    The 1.5% is strictly applied to payments within the first 10 ten days after the monthly cycle closes. The caveat there is that payments made during the monthly cycle do not get the discount reward. That’s an important distinction that will not necessarily be clear to anyone reading about the card and I think you should know that. I now realize that if I pay “too early”, the discount doesn’t apply. I was very disappointed. AMEX charge cards may not have a preset limit but they do have limits based on spending patterns. If I have $5000 available and use that in the first week of the monthly cycle on unforeseen expenses with several auto-debits still to come, I need to pay down the balance quickly within a few days and thus NOT get the discount on that payment. The discount only applies to the ENDING BALANCE. Now, if you have a stratospheric limit on the card, it won’t matter. But for many small business owners juggling expenses and spending limits while trying to get maximum rewards, this can and will be a nuisance. Applicant beware.

Leave a Reply