American Express has brought back a nice offer for their Plum Business Charge Card for those who have the ability of doing some heavy spending in three months. With the Plum card offer you can receive up to a $1050 statement credit, but the spending requirement is probably one of the highest, $30,000 in three months, in order to get the full bonus.
Here’s how the The Plum Card from American Express OPEN works. Get a 1.5% discount on the portion of your eligible purchase balance that you pay within 10 days of your statement closing date, as long as you pay at least your Minimum Payment Due. Then get up to 2% back ($600) in additional statement credits.
The 2% back will appear as three $200 credits. To be eligible to earn each statement credit, you must charge $10,000 in eligible purchases during the first 3 months of membership on an eligible Plum Card from American Express OPEN, beginning on the date your account is approved. This adds up to a great 3.5% cash back in the first three months, which for a $30,000 spend, equals $1,050.
The offer becomes better with the waived annual fee for the first year. It will be $250 after that.
The offer is great, with $1050 cash back, but the absurd spending requirement makes it more suitable for business owners that already spend those amounts monthly. It can also be achieved with manufactured spend, but doing 10K monthly is no easy feat, especially nowadays. The good thing is that even if you do 10K or 20K spend you will receive a partial bonus.
This limited time offer ends 08/24/2015
- Apply Here
- $0 introductory annual fee your first year, then $250
- No Foreign Transaction Fees
- 60 days to pay with no interest as long as you pay at least 10% of the balance from new activity
- All American Express OPEN Benefits
- $250 Annual Fee, waived first year