Amex plum card

[pdisme]

Anyone get one of the new Amex business plum cards? I'm trying to figure out what the catch is but can't find one. It's basically a revolving credit card for businesses and you get 2% back if you pay it in full and on time each month. I spend between $20k and $30k/month on Amex for business so this means $4800 to $7200 back for not doing anything compared to the Amex rewards points we make now which I figure nets about 0.1% cash back based on the value of items and the number of points they take for purchasing the items.

[Shawn]

Sounds interesting - is there a credit limit or is lt like normal amex based upon your history? I'd be interested in it too, we spend a crapload on amex each month.

[pdisme]

Says no limit, so I'm assuming it's based on past history. Oh, I should clarify on the specs: you only get the 2% if you charge at least $5k/month AND pay within 10 days of the end of the statement period, but we always do that anyway so 2%. Annual fee of $185 waived for first year, no extra fee for the first additional card.

[Shawn]

I gotta get one. There's gotta be a catch, but I can't find one either. I'm calling them tomorrow to get more info and see if I can get one, 2% cash back for doing something I already do is dope:headbang:

[Bklyn295]

Why not get the centurion business card ?

[pdisme]

Why not get the centurion business card ?

Because this card will pay me $5k to $8k/year for using it while the Centurion card will cost me $2500/year just for having it. The exception of course would be if you're someone who actually utilizes the Centurion for its perks, which probably 90% of Centurion users don't. :)

[Shawn]

I called, there doesn't appear to be any bad fine print, but they can't change my platinum card to the plum card, I'd have to apply for it as a second account, and lose my member since 2001 lol crap!

[demetri]

I called, there doesn't appear to be any bad fine print, but they can't change my platinum card to the plum card, I'd have to apply for it as a second account, and lose my member since 2001 lol crap!

thats the catch :lol2:

[artherd]

Shawn, I have 2 amex cards, they both say member since 2000 (even though the second one was issued in 2007!)

[gday]

and lose my member since 2001No way. An amex member is an amex member regardless of card. They even retained my date when I changed countries 25 years ago.

-mick

[Shawn]

oh good to know thx guys

[Shawn]

YAY!!:crazy: Im gonna get me some cash back!!!


http://www.shawndotcom.com/im/plum.jpg

[Matt]

post pics :lol2: amex always sends their new cards in cool packaging.

[Mikey]

Thanks for the info guys! Going to try to apply for one tomorrow, hope they offer it to Canadians :)

Cheers :crazy:

[Shawn]

post pics :lol2: amex always sends their new cards in cool packaging.

Yeah that's always funny. I wonder how they make money if they give 2% cash back? What do they charge merchants for taking it?..like 3%?

[pdisme]

No way. An amex member is an amex member regardless of card. They even retained my date when I changed countries 25 years ago.

-mick

Member since 1983 for the win! :) Mine only says '97.

YAY!!:crazy: Im gonna get me some cash back!!!

Me too, partner and I have our new plum cards on the way! Now I can spend even more money on things I don't need!!

post pics :lol2: amex always sends their new cards in cool packaging.

I think the centurion is the only one that comes in truly cool packaging, not that I've seen it; my platinum just came in some dumb book with useless stuff I won't use. Centurion is made out of titanium. :grinning-smiley-003

[Shawn]

partner and I

gay marriage?:fu:

[pdisme]

gay marriage?:fu:

Business card, hence, business partner... :lol2: :fu2:

[artherd]

gay marriage?:fu:

hahahhaa:owned:

[gday]

Member since 1983 for the win! :) Thats only since I moved. If someone beats '83, I'll show my hand :beerchug:

-mick

[artherd]

A friend has member since 1979... he's only 28. (parents :)

[gday]

A friend has member since 1979... he's only 28. (parents :)Getting warm. :)

-mick

[pdisme]

That's not fair; parents' cards count for your membership?

[Matt]

That's not fair; parents' cards count for your membership?

only if you're added onto the account i believe. zakk has one from his moms says member since a year before he was born :lol2:

[zzzzdoc]

Do you run into places that don't accept AMEX? Can the data directly be imported into QuickBooks?

I had one since '78, but got rid of it in the '80s when there just weren't enough merchants who accepted it. And I really don't want two business credit card accounts.

[Shawn]

Do you run into places that don't accept AMEX? Can the data directly be imported into QuickBooks?

I've found smaller businesses may not accept them, but most everywhere I need to use the card they do. I use Quicken, and am able to download transactions in there with my other accounts no problem.

[artherd]

matt; correct, you have to be an AU on the same account and have a card in your name.

[Shawn]

It came today!! It just came in a measly envelope, not even a book or nothing:lol2: Guess they need to pay that 2% somehow:fu:

It did say member since 2008 though :( , yet I check my online account it says

Welcome SHAWN, member since 2001.

what gives!? Oh well, not a big deal. I'm happy. :)

[Shawn]

Just got another one today!:headbang: This one says member since 01 :)

[pdisme]

Ooh, I bet mine is waiting at the office then, haven't been in this week. :lol2: