Credit card review: American Express Business Blue Plus

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Credit card review: American Express Business Blue Plus
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Credit cards can be an important tool for small business owners. They offer you the security and convenience that other forms of payment don’t , while giving you the chance to earn rewards for your spending. One solid option for small business owner is the American Express Business Blue card.

American Express Business Blue Plus review: Features

This card offers you 2x points on all purchases up to $50,000 each year and one point per dollar spent after that. It also features 15 months of 0% APR financing on both new purchases and balance transfers, with a 3% balance transfer fee. It does this with no annual fee.

American Express Business Blue Plus review: Benefits and rewards

The reward points you earn from this card are in the American Express Membership Rewards program. You can redeem these points for about one cent each towards gift cards, merchandise or travel reservations. However, you can also transfer these points to miles with 16 different frequent flyer programs. When you are able to redeem these miles for expensive last-minute flights or seats in business or first class, these points can be worth several cents each.

American Express Business Blue Plus review: Perks

This is a pretty basic card that doesn’t include much in the way of benefits, but it comes with a lot of features that can be valuable to small business owners. For example, you can use their Spend Manager app to take pictures of receipts and match that up with your transactions. You can also designate an account manager that can add new employee cards and set spending limits. Finally, this card will give you year-end summaries to help you track your annual spending.

American Express Business Blue Plus review: Rates and pricing

There’s no annual fee for this card, but there is a 2.7% foreign transaction fee imposed on all purchases processed outside of the United States. Your APR will be a variable rate, currently 12.74%, 16.74% or 20.74%. based on your credit-worthiness.

American Express Business Blue Plus review: Does it make sense for you?

If you know and love the American Express Membership Rewards program, this card can be irresistible. There’s no other card that allows you to earn two of these points per dollar spent on all purchases. The only problem is that offer only works for your first $50,000 in spending each year, and after that you’ll be back to the standard one point per dollar. Still, this is a great way to earn an extra 50,000 points that you wouldn’t have earned, and to do so without paying an annual fee. The points you earn from this card will automatically be added to your points balance from other American Express consumer and small business cards.

Nevertheless, credit cards aren’t for everyone. Reward cards like these are best used by businesses and individuals that avoid interest by always paying their statement balance in full. For more information, read Clark’s recent post on his philosophy of credit card use.

If you have a small business and are looking to earn rewards from your credit card purchases, the American Express Business Blue Plus is worth considering. By offering double points on your first $50,000 of spending each year, and requiring no annual fee, this card is a great way to boost your rewards balance.

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Jason Steele About the author:
Jason Steele is a journalist who specializes in covering credit cards, award travel, and other areas of personal finance. You can check out his website at JasonSteele.com.
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