Have you seen the commercials for the American Express Plum Card? I’ve seen it numerous times on CNBC and we applied for one and the Plum Card has been good to us at Pure Adapt.

This is an amazing business card to carry with the flexibility and benefits it offers. American Express calls it “The first everything, everywhere trade terms card from American Express Open”, meaning that most all your purchases will be eligible for the early pay discount or defer payment option. Those options can be a very valuable any business by helping them save money and help with cash flow. The Plum Card also has no preset spending limit providing a business with additional spending power if you need it. On top of all that it comes with all the discounts that American Express Open already offers.

“Early Pay Discount
Pay your balance in full within 10 days of your statement closing date and get a 2% discount when your month’s total spending is above $5,000 and 1% when it’s $5,000 or below. The discount is applied to all new eligible charges in that month, and will appear as a credit on your following month’s statement.

Example: Charge $10,00 monthly and regulaly pay your bills in full within 10 day, and your monthly savings can be $200(your yearly savings could be $2,400).” – PlumCard.com

“Defer Payment Option
Take up to two months from the statement closing date to pay your new balance in full – all without interest or finance charges. Just make an initial payment of at least 10% by the Please Pay By date on your billing statement and you can extend payment on the rest until the next month’s Please Pay By date.

Example: if the new balance on your statement is $5,000, you can pay $500 by the Please Pay By Date and teh rest by the Please Pay By Date on your next month’s billing statement.” – PlumCard.com

The Plum Card has definitely been beneficial to us already saving us a good chunk of change in just a few months. We’ve been paying early and taking advantage of the early pay discount which is 2% right now. That 2% will add up and that means more money goes back into the company.

My experiences with American Express Open for businesses has been a pleasant one and I would definitely recommend a business card from them. If you are looking for a great business card, you should take a look at the Plum Card and see what it can do for you. Lastly you know what, maybe Pure Adapt, Inc. will be on a Plum Card commercial one day.(hint hint American Express)

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