American Express Plum Card vs Ink Business Preferred® Credit Card

Compare Rewards, Interest Rates, Fees, and Benefits

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American Express Plum Card is a business and cash back charge card. How does it compare to Ink Business Preferred from Chase? Read our comparison chart below.

Keep in mind, the American Express Plum Card has a $250 annual fee, while the Ink Business Preferred has a $95 annual fee.

	The Plum Card® from American Express	Ink Business Preferred® Credit Card

	Card Interest Rates & Fees
Purchase APR	N/A	20.74% to 26.74% Variable based on your creditworthiness and other factors
Balance Transfers APR	N/A	20.74% to 26.74% Variable based on your creditworthiness and other factors
Foreign Transaction Fee	No foreign transaction fee	$0
Annual Fee	$250 annual fee	$95 annual fee
	Card Rewards & Benefits
Introductory Bonus Offer		Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
Travel Rewards		Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases. 1:1 point transfer to leading airline and hotel loyalty programs
Airline Rewards		1:1 point transfer to leading airline and hotel loyalty programs
Hotel Rewards		1:1 point transfer to leading airline and hotel loyalty programs
Point Rewards		Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases.
Airline Transfer Partners		Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air Canada, Air France, Singapore Airlines, Virgin Atlantic, Iberia, Emirates, and Aer Lingus.
	CreditDonkey® Card Reviews
Pros & Cons		Pros: Earn 90,000 bonus points Earn 3 points per $1 in select business categories Protection benefits Airline transfer partners Cons: $95 annual fee No introductory APR
Bottom Line		Excellent credit card for the modern small business... Read full review

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Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing American Express Plum Card or Ink Business Cash.

Articles on Ink Business Preferred® Credit Card

Chase Ink Preferred Review

Looking for a new business credit card? Ink Business Preferred® offers more than a sign up bonus. Read this review to see if the benefits are worth it.

Comments

John from Pennsylvania
on March 2012 said about American Express Plum Card:
I just got the Plum Card and was made aware of something that the Customer Service Rep wasn't aware of until I pressed the issue and he had to find out the answer from a supervisor:

The 1.5% is strictly applied to payments within the first 10 ten days after the monthly cycle closes. The caveat there is that payments made during the monthly cycle do not get the discount reward. That's an important distinction that will not necessarily be clear to anyone reading about the card and I think you should know that. I now realize that if I pay "too early", the discount doesn't apply. I was very disappointed. AMEX charge cards may not have a preset limit but they do have limits based on spending patterns. If I have $5000 available and use that in the first week of the monthly cycle on unforeseen expenses with several auto-debits still to come, I need to pay down the balance quickly within a few days and thus NOT get the discount on that payment. The discount only applies to the ENDING BALANCE. Now, if you have a stratospheric limit on the card, it won't matter. But for many small business owners juggling expenses and spending limits while trying to get maximum rewards, this can and will be a nuisance. Applicant beware.

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