See this post for all major credit card application restrictions to be aware of. I wouldn’t recommend using the Amex Blue Business Plus for purchases outside the United States, as the card does carry foreign transaction fees of 2.7% (Rates & Fees), which will eat up most of the value of your rewards.
How do smart business cards work?
Each NFC (Near Field Communication) business card includes a tiny embedded microchip that, when touched to an NFC-enabled smartphone, prompts the phone to download your portfolio, play music or a video, load web pages, save your contact information, or do anything else you've pre-programmed.
The card details on this page have not been reviewed or provided by the card issuer. When you make a purchase with your card, the purchase is covered for theft or damage for up to 90 days from the date it was purchased. If this happens, you can be covered for up to $1,000 per occurrence and up to $50,000 per calendar year.
Phase 2 – After the Welcome Bonus (Year 2+)
A credit card with no annual fee and a 12-month 0% APR introductory period, the American Express Blue Business Plus card offers spending flexibility and low costs — especially for initial purchases. The Capital One Spark Cash Plus offers unlimited 2 percent cash back without a rewards cap like the Blue Business Plus, so big spenders may earn more with the Spark Cash Plus card.
The card earns 1.5% cash back — or a return of 3% when paired with a card earning Chase Ultimate Rewards points (based on TPG’s valuations) — on all purchases. It too offers a 0% introductory APR for the first 12 months on purchases (then a variable rate of 14.74% – 20.74% applies). A credit card specifically tailored for small business owners, the Blue Business Plus card offers a variety of advantages — like a 0% APR introductory period and 2X rewards points for business purchases. The card’s lack of an annual fee also makes it a noteworthy, budget-friendly option.
Small Business Cards
Bonuses, rewards as well as rates and fees are all taken into account. We only recommend products we either use ourselves or endorse. Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present. Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR that applies to any balances not paid in full. We rate both introductory APR percentage and length along with the midpoint of the variable regular APR interest rate range. Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
- To make the most of this credit card, grab a few extras and give them to your purchasing managers or supply chain executives at the beginning of your fiscal year.
- Get in the habit of paying down your credit card balance as much as possible in the first year so you don’t spend extra money on interest.
- The Blue Business Cash Card offers cash back, rather than travel rewards.
- As mentioned above, Blue Business Plus Rewards are extremely intuitive.
Anecdotally most people I’ve heard from have reported instant approvals on this card, so it really shouldn’t be very tough to be approved for, even if you haven’t gotten many business cards in the past. I guess it is hard to go wrong on a credit card with no annual fee. The Blue Business® Plus Credit Card from American Express allows companies to streamline their finances and take advantage of additional employee cards at no extra cost. While the 2X points are limited to $50,000 per year, this won’t be an issue for small to medium-sized companies.
But it’s not a great fit for larger businesses with expenditures above $50,000, or at least not as a sole business card. To learn more about how https://quickbooks-payroll.org/ Plus card compares to other small business credit cards, check out Select’s list of best small business credit cards.
All information published here is personal opinion and comes from personal experience. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. ESR Media, LLC, Miles to Memories and the author strongly recommend that you seek independent advice before you apply for any product or service, which is described on the site/page. Sellers looking to grow their business and reach more interested buyers can use Etsy’s advertising platform to promote their items. You’ll see ad results based on factors like relevancy, and the amount sellers pay per click.
Is the American Express Blue Business Plus Credit Card application process lengthy? Can you prequalify?
The introductory APR offer also makes the card a great option if you’re looking for a low-cost method of financing capital purchases you intend to pay down in less than 12 months. Or perhaps you prefer to earn 2x Membership Rewards® points on your business purchases without paying an annual fee. This review of the Amex Blue Business Credit Cards can help you pick the best card to earn cash or travel rewards for your business.
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Not only does this card have no annual fee, but you’ll be able to earn twice as many Amex points for purchases that don’t fall into one of the other cards’ bonus categories. You get 2 points per dollar spent on the first $50,000 in purchases every year . However, it does offer you the flexibility to spend beyond your set credit limit. The amount you can spend above the limit adjusts based on your card use, payment and credit history, financial information and other factors. Any amount spent above your limit must be paid in full at the end of the billing cycle; it’s included in your minimum payment.
Blue Business Card
First, it’s important to understand that this is a business card, so not everyone can apply. However, you don’t need to have an actual brick-and-mortar shop to be eligible, nor do you need a formalized business. You may qualify for a business credit card just by selling items online or freelancing.
How do you make a smart business card?
- Publish your virtual business card. Download your finished business card to your device in seconds and share it with all your contacts.
- Add your branding.
- Create captivating visuals.
- Explore templates.
- Start creating for free.
Earn 3 points per $1 spent when you book your travel through the Bank of America® Travel Center. At 2 points per dollar spent, you’d earn 100,000 points on the first $50,000 of that spending, worth $1000 when used to buy travel from Amex. Beyond that total, your earnings drop to 1 point per dollar on the remaining amount.
United℠ Explorer Card
You can also purchase gift cards, with points worth up to a cent apiece, depending on the vendor whose card you select. The card has special appeal for businesses who plan a lot of spending soon, for which a break on paying would be particularly useful, or that is carrying a debt on another high-interest card. Not only does the Blue Business Plus have a 12-month 0% APR introductory period but its ongoing APR is comparatively low once the offer expires. In addition to that, it also offers 15,000 Membership Rewards points when $3,000 is spent within the first three months of activation. The credit limit for the Amex Blue Business Plus Card can vary. But if you’re a small-business owner who wants to rack up rewards without worrying about categories, this is a great card to add to your arsenal.
Several other business cards offer cash back, but most with no annual fee have a flat rewards rate lower than 2%. That makes the American Express Blue Business Cash Card a good option, at The Blue Business least provided you don’t plan to charge more than $50,000 per year (or $4,166 per month) in business expenses to your card. After you reach that threshold, you’ll earn just 1% cash back.
4x Membership Rewards points on the two select categories where your business spends the most each billing cycle. The 4x points apply to the first $150,000 in combined purchases from these categories each calendar year. The Amex Blue Business Plus Card has no annual fee (Rates & Fees), so this is a card that you can keep long term to maximize your rewards. You can also add authorized users to your account at no extra cost. That’s a solid bonus for a no annual fee card (Rates & Fees), especially since this is a card worth getting even without a welcome bonus, in my opinion. This is my go to card when I’m not racking up points with Hilton Amex and their specialized categories, 2X’s MR points and no annual fee plus 20K bonus points during a promo sealed the deal for me. I picked up this card a little over a week after I got the Amex Platinum for the “COVID-firesale” 100k + 10x gas/grocery bonus.
The Platinum Card® from American Express
For businesses with fluctuating inventory and expenses, the Blue Business Plus card gives cardmembers the ability to adjust their credit limit on an as-needed basis with option to request Expanded Buying Power . The Blue Business Plus card tops Select’s list for best 0% APR small business credit card, and now it has an updated design. You will need good to excellent credit in order to qualify for an American Express business credit card. If you travel overseas regularly, the Blue Business Plus Credit Card may not be the best card. You will be charged 2.7% foreign transaction fee on all purchases made outside the U.S. Benji Stawskiis a former reporter for the site, covering all things points, miles, credit cards, travel and aviation. However, note that the Business Platinum Card comes with a $695 annual fee .
Earn 2x Amex Points
Both of these cards earn bonus Membership Rewards points on key business expenses. Instead of continuing to earn only 1 point on non-bonus spending, put the first $50,000 on the Blue Business Plus to get 2 points instead. Then, you can pool your points to book award travel more often. Your 2% rewards are capped after $50,000 in spending each year, and the only redemption option is statement credits on your account. Want to do some more research or still aren’t certain that the American Express Blue Business Plus Card is right for your company? Take a look at some of the other American Express credit cards we’ve reviewed at MoneyGeek.
- Businesses that don’t have expansive budgets and won’t blow through the $50,000 annual spending cap may be better off with the Blue Business Plus card.
- Your 2% rewards are capped after $50,000 in spending each year, and the only redemption option is statement credits on your account.
- If you do business overseas, MoneyGeek suggests picking a different card or using an international-focused card in conjunction with the Blue Business Plus.
- Currently traveling internationally and don’t want to risk applying from a nonUS IP.
- Use it as often as possible to wrack up rewards points, and then redeem them in the form of credit off your statement to save money.
There’s no charge for these additional cards, which is not always the case with business cards. Transfers may come with a fee of $0.0006 per point, with a maximum fee of $99. However, American Express may offer you the option to redeem points to cover that cost. And despite this expense, transferring points can be a worthwhile option that earns you greater value.
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We believe that’s exactly why this particular business card really outshines other more expensive business credit cards. For business owners who wish to earn American Express Membership Rewards points, The Blue Business® Plus Credit Card from American Express is a simple solution. The American Express Blue Business Plus Card also has no annual fee. The Blue Business® Plus Credit Card from American Express offers solid value for many small businesses. But with the lowered rewards rate after the first $50,000 in spending annually, there are likely better options for businesses that spend more than that.