A Quick Roundup of American Express Business Charge Cards

Georgia McIntyre

Georgia McIntyre

Finance Writer at Fundera
Georgia McIntyre is the resident Finance Writer at Fundera. She specializes in all things small business finance, from lending to accounting. Questions for Georgia? Comment below!
Georgia McIntyre
Advertiser Disclosure


When you’re on the hunt for a business credit card, it’s easy to get overwhelmed by the variety of options. How will you ever begin to sort through them?

Well, the hard truth about it is that you’ll have to look closely into your business’s spending habits and ask yourself a few questions about what you really want from your business credit card. But the first question you absolutely need to answer is this: Do I want a business credit card or a business charge card?

Say you’ve done some research on how a business charge card actually works, and you’ve decided that a business charge card is the right move for your business.

If a business charge card is the way to go, then here are the American Express business charge cards that you should consider using for your business.

TLDR; Your Top Picks For American Express Business Charge Cards

For the busy entrepreneur who just wants the basics, here’s a quick summary of our top picks. Read the entire article for more details on each card including the perks, fees, and more.

  • The Business Platinum Card from American Express is for the small business owner who travels frequently – you’ll receive access to extensive travel perks and rewards such as airline fee credit, TSA PreCheck and more.
  • The Plum Card Card from American Express is for the small business owner who needs a flexible rewards system and leeway on time to pay back their balance – it allows for up to 60 days to pay back without a late fee.
  • Bonus: The American Express unsecured business loan. You’ve probably caught on: This isn’t a charge card. However, if you’re looking for another great option for working capital from Amex their business loan (perhaps in conjunction with a business credit card) is a great choice.

Now, let’s dig deeper.

 

American Express Business Charge Cards: The Plum Card


The Basics

If you know that you’ll be able to pay off your balance a little early every month, then The Plum Card might be one of the best American Express business charge cards out there.

Here’s why:

If you pay ahead of schedule—10 days to be exact—you’ll earn 1.5% cash back on all your purchases.

There’s no need to worry about selecting your spending category and maximizing how you spend on The Plum Card—you’ll earn cash back for every purchase. And when you put numbers to The Plum Card’s 1.5% cash back savings, you’ll really see it’s value for your business.

Say you spend about $5,000 each month for your business. If you can pay 10 days ahead of schedule, you’ll earn $75 of what you spent back. And when you think of that in the long term, that’s $900 in savings for your business in one year.

Why You Should Use The Plum Card

The ability to earn 1.5% cash back when you pay early is a reason in itself to use The Plum Card. But here’s another reason why you might want to sign up:

If you can’t pay your balance in full each month—either ahead of schedule or on schedule—that’s okay. With The Plum Card, you take up to 60 days to pay off your balance without incurring interest or paying late fees and penalties (as long as you pay your minimum due).

The flexibility to earn cash back if you pay early but not be punished if you can’t get your repayment together in time is absolutely where The Plum Card shines.

Why You Might Use Another Business Charge Card

As far as American Express business charge cards go, you won’t get the most savings out of The Plum Card. It’s really only a good fit for small business owners who can be confident that they’ll have the cash on hand to pay off their balance 10 days early—every month.

And if you think that you’ll need extra time to pay and plan on taking advantage of the 60 day grace period often, you might be better served using a business credit card instead. That way, you can carry a balance each month and still earn cash back or bonus points on your spending.

American Express Business Charge Cards: The Business Platinum Card from American Express


The Basics

The Business Platinum Card is one of the best American Express business charge cards if you’re a frequent traveler.

If you’re a cardmember, you’ll have access to a lot of travel perks—like access to the Global Lounge Collection, complimentary in-flight wi-fi, airline credits for incidentals, credits for TSA PreCheck and Global Entry, and more.

You’ll also earn Membership Rewards points that can be redeemed for travel expenses when you use the Business Platinum Card. Here’s how the bonus points system works:

  • As a new offer, you’ll earn 1.5 points per dollar spent on qualifying purchases of $5,000 or more, up to 1 million additional points per year. You’ll earn 5 points per dollar spent on flights and hotels bought through amextravel.com.
  • Earn a 50% Airline Bonus: When you use those points to pay for all or part of a flight with a qualifying airline, you’ll get 50% of your points back to your account. You’ll also get 50% of your points back when you buy Business or First class flights through American Express Travel.

Why You Should Use The Business Platinum Card

Out of all the American Express business charge cards, the Business Platinum Card is a no-brainer for any small business owner who’s frequently traveling for business. The bonus points system is geared towards big spenders on airfare, and it’ll be hard to find a card with better travel perks.

And if you needed one more reason to sign up for the Business Platinum Card, you’ve got it:

With a stellar welcome offer, you can earn up to 150,000 Membership Rewards points when you sign up. You’ll earn 75,000 points and can earn up to 50,000 points after you spend $10,000 and an extra 25,000 points when you spend another $10,000 in qualifying purchases within the first 3 months of owning the card.

Why You Might Use Another Business Charge Card

Just like other American Express business charge cards, the Business Platinum Card comes with an annual fee. And the Business Platinum Card’s annual fee is large enough to scare some business owners away—it’s $595.

But again, if you plan on maximizing your rewards and perks benefits on the Business Platinum Card, you’ll easily make up that $595 annual fee.

Are Any of the American Express Business Charge Cards Right For You?

There are a lot of great reasons to take out a business charge card for your company, and there are a lot of great reasons to choose one from American Express, too.

Are you sold on any of these American Express business charge cards?

If you are, then go ahead and apply!

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
Georgia McIntyre

Georgia McIntyre

Finance Writer at Fundera
Georgia McIntyre is the resident Finance Writer at Fundera. She specializes in all things small business finance, from lending to accounting. Questions for Georgia? Comment below!
Georgia McIntyre

Our Picks