Will my business be charged interest? If you revolve any outstanding balance beyond your billing period, you will be subject to variable interest rates that depend on a number of factors. ‡ Minimum Payment Due must be paid by the Payment Due Date. There's no cap on how much you can earn and no purchase categories - just savings applied to your next statement. Plum Card Members can earn unlimited 1.5% cash back on the portion of your balance that you pay within 10 days of your statement closing date. These purchases that meet the threshold made by the Basic Card Member or any Additional/ Employee Card Member will automatically be included in a Pay Over Time balance each month.Īt the end of each billing cycle, the Card Member can choose to pay the statement balance in full without interest, pay the minimum amount due, or pay any amount in between with interest ‡. For traditional credit cards, a minimum amount is due and any unpaid balance at the end of a billing period will incur interest charges.įor Cards with the Pay Over Time option (Business Platinum, Business Gold, Business Green Rewards), Card Members have the option to carry a balance with interest on eligible charges of $100 or more. What will my business be required to pay each month? Depending on which American Express Business Card you choose, you could have the option to pay in full or carry a balance each billing cycle. Purchasing power adjusts with your use of the Card, your payment history, credit record and financial resources known to us, and other factors. *No Preset Spending Limit does not mean unlimited spending. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history ‡. No Preset spending Limit means your spending limit is flexible. What kind of spending limit will my business get? American Express Small Business Cards give you either a set credit limit based on financial details and information we receive in your application, or a No Preset Spending Limit *. Rewards: Earn Membership Rewards ® points ‡, cash back in the form of a statement credit or partner rewards for purchases you and your employees make with your Business Cardsīuying Power and Cash Flow Management: These products can help you manage cash flow over short periods and can help provide the buying power for large business purchases.Įxpense Management Tools: Leverage a suite of expense management tools, such as American Express ® Business App ‡, Year-End Summary ‡, and Account Manager ‡ to track and organize your business expenses and help you efficiently manage your cash flow. Why would my business benefit from choosing an American Express Small Business Card? There are many benefits to choosing a Small Business Card from American Express, including:
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