Tag: small business owner benefits

Blue Business Plus Credit Card from Amex: A Comprehensive Overview

The Blue Business Plus Credit Card from Amex is a prominent choice among business credit cards, aimed at small business owners and entrepreneurs seeking a robust rewards program combined with manageable fees and strong benefits. Issued by American Express, this card stands out in a competitive market, offering several features tailored specifically for business spending.

Card Type

This credit card is classified as a business credit card, designed for small business owners who want to effectively manage their business expenses while earning valuable rewards in the process.

Annual Fee

One of the most attractive aspects of the Blue Business Plus Credit Card is that it comes with no annual fee. This feature allows business owners to enjoy the benefits of the card without additional costs, making it an economical choice for managing business expenses.

Rewards Program

The rewards structure of the Blue Business Plus Credit Card is both competitive and straightforward. Cardholders earn 2x points on everyday business purchases, including office supplies, shipping, and internet services, for up to $50,000 each year. Beyond that limit, 1 point is earned for each dollar spent. Points can be redeemed for travel, merchandise, gift cards, or even statement credits, providing flexibility in how you utilize your rewards.

Sign-Up Bonus

New cardholders can benefit from a generous welcome bonus: Earn 15,000 Membership Rewards points after spending $3,000 in the first three months from account opening. This bonus can significantly enhance your rewards accrual right from the start, allowing for immediate redemption opportunities.

APR (Annual Percentage Rate)

The Blue Business Plus Credit Card offers a competitive regular APR of 15.49% to 23.49%, depending on creditworthiness. What’s more, the card features a 0% introductory APR on purchases for the first 12 months, providing businesses with an excellent opportunity to manage cash flow without interest.

Foreign Transaction Fees

This card is particularly valuable for those conducting business internationally, as it comes with no foreign transaction fees. Cardholders can use their card abroad without worrying about additional charges, making it ideal for frequent travelers.

Balance Transfer Options

While the Blue Business Plus does not primarily focus on balance transfers, it is important to note that cash advances often incur a fee. Cardholders considering a balance transfer should review available offers closely, as promotional rates may vary.

Additional Fees

It is vital for potential users to understand the additional fees associated with this card. The card imposes a late payment fee of up to $39, and cash advances come with a fee of either $5 or 3% of the amount of each cash advance, whichever is greater.

Card Benefits and Perks

The Blue Business Plus Credit Card does not disappoint when it comes to additional benefits. Cardholders enjoy perks like complimentary travel accident insurance, purchase protection, and extended warranty coverage on eligible purchases. The card also provides access to the American Express Business App, allowing users to easily manage their expenses and track purchases on the go.

Customer Protections and Insurance

American Express prioritizes customer protection, offering features such as fraud liability protection and purchase protection against accidental damage or theft for eligible purchases. Additionally, cardholders benefit from rental car insurance, providing further peace of mind when traveling for business.

Eligibility and Credit Score Requirements

To qualify for the Blue Business Plus Credit Card, applicants generally need a credit score of at least 670. However, individual circumstances may affect eligibility, and applicants are encouraged to assess their financial situation before applying.

Introductory Offers

Besides the 0% introductory APR on purchases for the first 12 months, which allows businesses to manage their cash flow effectively, the card also includes other time-limited offers which may arise periodically. Checking for such offers during the application process can lead to potential savings.

Special Features or Unique Selling Points

What sets the Blue Business Plus Credit Card apart from competitors is the emphasis on flexibility in rewards and the absence of an annual fee. With no cap on points earned, users can accrue rewards at their own pace while benefiting from the card’s robust earning potential, making it ideal for diverse spending patterns.

How to Apply

Prospective applicants can easily apply for the Blue Business Plus Credit Card by visiting the ‘>Apply Here today!