The Blue Business® Plus Credit Card from American Express is a good credit card for business financing, worthy of consideration from small business owners with
good credit or better who could benefit from an intro APR promotion of
0% for 12 months on purchases. Amex Blue Business Plus also has a
$0 annual fee. And, the card offers now
15,000 points for spending $3,000 in the first 3 months.
The Amex Blue Business Plus package includes rewards, too, albeit fairly unremarkable ones. Cardholders receive
1 - 2 points per $1.
So, American Express Blue Business Plus is a good all-around business credit card, but it’s better for avoiding interest than earning rewards – at least compared to the competition. Below, you can find more details that should prove helpful in deciding whether or not to apply for The Blue Business Plus Card from Amex.
Amex Blue Business Plus Review Highlights
$0 annual fee
One of the best things about the Amex Blue Business Plus Card is its lack of an annual fee. This makes it roughly
$21.58 per year cheaper than the average credit card. It does not, however, mean you should apply. There are well over 100 business credit cards with no annual fee, according to WalletHub’s database, and many of them are more rewarding than Amex Blue Business Plus.
Average rewards
The first $50,000 spent annually will yield 2 points per $1. Other eligible purchases provide just 1 point per $1 spent, which is below the market average of
1.25 points/miles. Also, new cardholders who spend
$3,000 within
3 months of account opening earn
15,000 points. The average rewards card offers
30,381 points. So the Blue Business Plus Card is not the most rewarding option available to you and your business.
Average interest-free intro period
The American Express Blue Business Plus Card offers 0% intro APR on new purchases for the first
12 months. That’s about what you would get from the average 0% APR credit card.
Good credit needed to qualify
Your personal credit standing will dictate your ability to get approved for any business credit card, and it needs to be
good or excellent for you to qualify for Amex Blue Business Plus. And since over 40% of people don’t meet that threshold, you’d be wise to
check your latest credit score for free before you apply.
High regular APR
The Blue Business Plus Card’s APR could be anywhere from
18.49% to 26.49% (V). It all depends on your credit standing. So it figures that people with good credit will get a rate toward the high end of the range, with the low end being reserved for applicants whose credit history is excellent bordering on perfect. For context, the average APR among credit cards for good credit is
24.1%, while credit cards for excellent credit charge an average of
18.01%.