Consumer Payment Card News

AmEx Offers Jazzed-Up Biz Card for Budding Entrepreneurs

American Express OPEN rolled-out the Blue Business Plus Credit Card. The new card is built for entrepreneurs working to fuel their small business, with tools to help earn rewards on everyday purchases and manage cash flow. 

These include 2X Membership Rewards points on the first $50,000 spent each calendar year and a low introductory APR on purchases and balance transfers for up to 15 months— all backed by the service and security of American Express, with no annual fee.

Twice the Rewards with No Annual Fee

Blue Business Plus Credit Card offers 2X Membership Rewards points per dollar on the first $50,000 in eligible purchases each calendar year and 1X points thereafter, with no rotating or fixed category restrictions and no annual fee. Card Members have the choice to redeem the points for travel, statement credits, gift cards, or merchandise, and they also have the option to transfer points to one of our participating airline or hotel loyalty programs.

Tools to Help Manage Cash Flow and Fuel Growth Opportunities

In a 2017 American Express OPEN survey of small business owners, more than a third of respondents said they had concerns about cash flow over the next six months. Blue Business Plus Credit Card can help small businesses better manage cash flow in three ways:

• Low introductory APR: Blue Business Plus offers a 0% introductory APR on purchases and balance transfers for up to 15 months. After that, the APR will be 11.99% – 19.99%, based on Card Member creditworthiness and other factors. The low intro APR can help small businesses access the credit they need to start and grow their business, further alleviating cash flow concerns that could arise from interest payments on balances due.

• Expanded Buying Power: Card Members are able to spend above their credit limit* so they can pursue growth opportunities quickly without the hassle of making calls or paying over limit fees. Card Members earn points on the amount spent above their limit, which is due in full each month as part of the minimum payment due. While the amount the small business owner can spend beyond their credit limit varies based on a number of factors unique to each Card Member, if a Card Member is ever unsure whether they can use their expanded buying power to pay for a particular purchase, they can consult the Check Spend Ability feature in their online account or call the number on the back of their Card.

• * The amount they can spend above their credit limit is not unlimited. It adjusts with their use of the Card, their payment history, credit record, financial resources known to us, and other factors.

• Employee Controls: Card Members can add Employee Cards to their account, also for no annual fee, and get real-time alerts when employees spend outside of merchant types that Card Members have approved such as U.S. gas stations, U.S. shipping, and U.S. office supply stores.

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