The Plum Card® from American Express OPEN 1.5% Early Pay Discount
Small businesses often rely on credit to survive through the early stages. Unless you’re independently wealthy with money ready to invest, getting a small business off the ground requires a lot of hard work. The money is often provided by banks willing to back your business.
Without collateral for a loan, many start-up entrepreneurs are required to start their business with a credit card. American Express has a card for small business owners with good to excellent credit. The The Plum Card® from American Express OPEN isn’t a credit card it’s a charge card and purchases must be paid in full within 60 days, if you can pay on time, every time, this card could save you money.
The Plum Card® from American Express OPEN doesn’t come with a lot of bells or whistles, but it does offer 1.5% discount on your payment. This isn’t a straight cash back deal, like the benefits offered by cards that send you a check. With this card, the cash back comes in the form of a discount on the purchases you make. If you can pay any portion of your balance each month within ten days of the statement closing date, you will receive a 1.5% discount on all eligible purchases made that month, effectively providing you cash back each month. The discount will appear as a credit on the following billing statement.
If you cannot make the payment that quickly, you can still take up to 60 days to pay your balance off in full without having to pay interest.
As a cardholder of the The Plum Card® from American Express OPEN, you will have access to benefits that come with OPEN card membership.
- Purchase Protection, Return Protection and Extended Warranty subject to conditions.
- 24/7 Service and Support by dedicated business consultants and support for travel emergencies.
- Online tools and resources
As with most American Express cards, there is an annual fee associated with the Plum Card® from American Express OPEN. Cardholders will be charged a fee of $250 annually, but there is $0 introductory annual fee for the first year, then $250.
If you find your small business in need of an everyday charge card with the purchasing power, rewards opportunity and perk possibilities that the Plum Card® from American Express OPEN can provide, apply now using any link contained within this post. Terms & Restrictions apply.
Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are authors 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.