While Amex offers a diverse range of business rewards credit cards, many will agree that The Blue Business Plus is one of the best you can get in this category. It has very few drawbacks, and is highly competitive when it comes to the essentials like APRs, fees, features and rewards.
Ideal for small business owners and start-up entrepreneurs, this card can help to ease cash flow pressures when revenues are limited. You can extend the buying power of your business, and make use of a generous rewards program to get more out of the money you’re already spending.
Amex provides the latest tools to help you keep track of business card expenses too, so you can be on top of your expenditures, retain better records and stay organized.
The essentials of The Blue Business Plus from American Express
- APR: 14.99% – 20.99%
- Annual Fee: $0
- Primary Feature: 2x membership reward points on the first $50,000 spent each calendar year for business-related purchases, then 1 point per dollar thereafter.
- Introductory Bonus Offer: 0% APR for the first 12 months, on both balance transfers and purchases.
What’s Interesting about The Blue Business Plus
One of the best features of The Blue Business Plus is the ability to spend above your credit limit. You’ll be eligible for this handy benefit automatically, without having to set it up or make further applications. How much you can go above your limit will depend on a number of factors.
While there are other cards on the market with zero annual fees, The Blue Business Plus stands out because it comes with up to 99 additional employee credit cards and full access to an extensive rewards program. You’ll also benefit from special savings and bonuses from a variety of retailers through Amex Offers.
With a simple rewards structure and no category restrictions, The Blue Business Plus currently offers the best return on the first $50,000 of purchases.
Cardholders can take advantage of the latest technology to manage business card expenses too. You can enroll in Connect to QuickBooks to export transactions to your QuickBooks account daily, or use the Spend Manager feature to keep track of money going out, as well as add notes and receipts to transactions for better record keeping. Additionally, there’s a dedicated Amex mobile app, making it quick and easy to access your account.
Things to Consider
The main drawback with having The Blue Business Plus credit card is that despite the widespread usage of Amex here in the US, it’s still not as widely accepted as a method of payment globally. There’s also a foreign transaction fee of 2.7%, which makes this card a less economical option for those who intend to use it abroad frequently.
The lack of welcome bonuses is another disappointment, especially since many cards in the business rewards category offer something extra for signing up.
Another thing to consider is how you plan to use your card. While you get double reward points on the first $50,000 you spend each year, those who mainly use their card for business travel might be better off with a different card that offers more bonus points for travel expenses.
How to Get the Most from This Card
With no category restrictions, The Blue Business Plus is great for earning reward points on all kinds of spending, whether it’s to pay the bills, book flights or buy office supplies. You can accumulate points quickly by providing additional cards for your employees.
Reward points can be redeemed in a number of ways. For example, you can transfer them to an Amex airline or hotel partner, book travel directly with Amex, claim as cash back, exchange for gift cards, and much more.
A good way to take advantage of the initial 0% APR is to transfer in existing credit card balances and aim to pay them off before the 12-month introductory period is up. However, bear in mind that there will be a 3% balance transfer fee.
Buying with The Blue Business Plus gives you extra protection too, like extended warranties, purchase protection, baggage insurance and secondary car rental insurance.
Other Card Options That Might Interest You
For those who value cash back over reward points, The Blue Business Cash Card from Amex would be ideal. It’s basically a cash-back version of The Blue Business Plus, and you’ll get 2% cash back on the first $50,000 you spend each year, then 1% on every dollar thereafter. It also comes with no annual fees, similar APRs, 0% introductory rate and 2.7% foreign transaction fees.
If collecting points more quickly is your priority, then the Capital One Spark Miles for Business could be a great choice. It offers double reward points for each dollar spent, as well as 50,000 spark miles as a welcome bonus when you spend $4,500 on purchases within the first 3 months. The catch? A $95 annual fee – but this is waived for the first year, so you could try out the card to see if its benefits outweigh the costs.
The Final Word
What sets The Blue Business Plus apart from the competition is that you can access a whole range of benefits, like double points on your first $50,000 of purchases each year, travel rewards program, introductory APR, special savings and bonus points offers, insurance protection, as well as great online tools to manage card expenses – all for $0 annual fee.
With its highly flexible rewards program, you can earn points on all kinds of business expenditures and redeem them in many ways, as well.
So, if what you’re after is value for money, and you won’t be using the credit card abroad too frequently, then you’ll be hard-pressed to find a better option than Amex’s Blue Business Plus.