Blue Business Plus Credit Card review | finder.com

Blue Business℠ Plus Credit Card review – October 2018

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Offers a long intro APR on purchases and balance transfers and no annual fees.

30-second take

  • Get this card if you’re looking for a credit card with $0 annual fees and a low intro balance transfer and purchase APR.
  • Pick something else if you want to earn travel rewards or want higher cashback rewards for your business purchases.
  • Apply with excellent credit of 680 or higher.
Product NameBlue Business℠ Plus Credit Card
Card TypeAmerican Express
Annual Fee$0
APR (Annual Percentage Rate) for Purchases13.24%, 17.24% or 21.24% variable
Introductory Purchase APR0% for the first 15 months (then 13.24%, 17.24% or 21.24% variable)
Introductory Balance Transfer APR 0% for the first 15 months (then 13.24%, 17.24% or 21.24% variable)
Balance Transfer Fee$5 or 3% of the transaction, whichever is greater
Foreign Transaction Fee2.7% of the transaction value
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $38
Returned Payment Fee$38
Additional Cardholder Fee$0
Rates & FeesRates & Fees
Reward Value per Dollar1 points
Rewards Points ExpiryNever

The basics

The Blue Business℠ Plus Credit Card has features that could handily support a small business owner who is just starting out and needs to make a large initial purchase or get a break on interest payments for existing debt. You’ll receive an intro APR of 0% for the first 15 months following your account opening on balance transfers requested within the first 60 days and on purchases, and then 13.24%, 17.24% or 21.24% variable APR after that. On top of that, there are $0 annual fees.

Compared to other small business cards, the Blue Business℠ Plus Credit Card has one of the longest intro APRs. Cutting out interest payments over 15 months can help your small business save big.

Aside from the long intro period, you also get reward points on all purchases. For the first $50,000 you spend per year you earn 2 points per dollar spent, and 1 point per dollar thereafter. You can redeem these points for shopping through the Membership Rewards® site, travel, gift cards or statement credit.

The perks

  • Low intro balance transfer APR.

    The Blue Business℠ Plus Credit Card comes with one of the longest intro periods available when compared against other small business credit cards. Cash in on a 0% intro APR for balance transfers for the first 15 months following your account opening (and then 13.24%, 17.24% or 21.24% variable APR) as long as you make the balance transfer request within 60 days.

  • Low intro APR for purchases.

    Get a 0% intro APR for purchases for the first 15 months following your account opening. After that it is a 13.24%, 17.24% or 21.24% variable APR. This is beneficial for small companies that are starting out and have limited cash inflow. The long intro period could help you carry the balance until you can pay it off.

  • $0 annual fees.

    The Blue Business℠ Plus Credit Card has $0 annual fees, which makes it a good option for your business if you are looking to minimize your card fees.

  • Earn membership reward points.

    Earn 2x Membership Rewards points on your first $50,000 in purchases a year, and 1x points thereafter. You can redeem these points in several ways, including purchasing flights, hotel accommodations or gift cards, or shopping through the Membership Rewards® site.

How much are membership reward points worth?

10,000 points are worth:

  • $50–$100 in gift cards and vouchers.
  • $50–$70 for shopping with stores supported by the Membership Rewards® site including Amazon, Newegg, BestBuy and Staples among others.
  • $50–$100 for traveling costs such as flights, hotels, cruises and purchases through Expedia.
  • $50 for entertainment purchases through Ticketmaster and AXS.
  • $70–$100 for point of sale purchases with New York City taxis and at Rite Aid.
  • $50–$100 if you donate to charity.

You’ll also like

  • Buy above your credit limit.

    You have the option to buy above your credit limit with Blue Business℠ Plus Credit Card. This is an automatic feature and you don’t need to call the bank to set it up. However, the amount you can spend is limited.

  • Expense management tools.

    You’ll have access to online capabilities including Spend Manager℠ to help you manage your expenses, the ability to set up account managers and tools to transfer all of your card data directly to your QuickBooks account.

  • Travel Insurance.

    The Blue Business℠ Plus Credit Card has you covered when you’re out of state and abroad with travel insurance, car rental loss and insurance and baggage insurance.

  • Roadside assistance.

    Whenever you’re stranded on the road and you need a tire changed, a tow or your battery changed, you can call the number on the back of your card for the roadside assistance hotline. They will immediately coordinate with emergency services who will help you out.

What to watch out for

  • Late payment fees.

    Try to make your payments on time to avoid paying unnecessary penalty fees, which can be up to $38 for late payments.

  • Foreign transaction fees.

    To limit your expenses while traveling abroad, you may want to refrain from using this card as it has a 2.7% foreign transaction fee.

  • Balance transfer limits.

    Balance transfers made within 60 days when you opened your account can be approved. Also, you can transfer up to $15,000 or 75% of your credit limit, whichever is lower. Keep in mind that balance transfers from another American Express account won’t be accepted.

Best business credit cards with 0% intro APR

Consider other cards if…

  • You want higher cashback rewards.

    If your company spends thousands of dollars on gas or office supplies, you may want to consider other cards, such as the Business Advantage Cash Rewards Mastercard® credit card by Bank of America, which offers you 3% cash back on gas and office supplies up to $250,000 annually and 1% thereafter, 2% on restaurant purchases and 1% on all other purchases.

    Another card with higher cashback rewards is the SimplyCash® Plus Business Credit Card from American Express. It provides 5% cash back at US office supply stores and on wireless telephone services purchased directly from US service providers and 3% on a category of your choice from those listed on the Amex website. The 5% and 3% cash back applies on up to $50,000 spent per calendar year, and after that a 1% reward rate applies.

  • You want travel rewards.

    If your company spends heavily on business travel, then you may want to consider other cards, like the Business Advantage Travel Rewards World Mastercard® credit card by Bank of America. You can earn 1.5 points per every $1 spent on all purchases and 3 points per $1 spent through Bank of America Travel Center. You can redeem these points for statement credit toward travel purchases. Another similar card is the Spark® Miles Select for Business by Capital One, which offers 1.5 miles per $1 spent.

Best business credit cards for startups

Compare business credit cards

Updated October 22nd, 2018
Name Product APR (Annual Percentage Rate) for Purchases Introductory Purchase APR Annual Fee
None (Charge Card)
$450
New cardholders can earn 75,000 Membership Rewards® bonus points by spending $10,000 on purchases for the first 50,000 points and then another $10,000 for the next 25,000 points on their new card in the first 3 months.
None (Charge Card)
$0 annual fee for the first year ($250 thereafter)
This charge card gives you the option to pay in full each month or to carry a balance for up to 60 days with no interest.
20.24% variable
$0 annual fee for the first year ($175 thereafter)
Earn 50,000 Membership Rewards® points after you spend $5,000 in qualifying purchases on the Card within your first 3 months of Card Membership.
14.24%, 19.24% or 21.24% variable
0% for the first 9 months (then 14.24%, 19.24% or 21.24% variable)
$0
Save on interest with a 0% intro APR on purchases for 9 months; after that your APR will be 14.24% - 21.24% variable.
14.99% to 20.99% variable
0% for the first 12 months (then 14.99% to 20.99% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months.
17.74% to 22.74% variable
$95
80,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®.
17.74% to 24.74% variable
$0 annual fee for the first year ($99 thereafter)
75,000 Bonus points after you spend $3,000 on purchases in your first 3 months from your account opening with your Marriott Rewards Premier Business credit card.
24.74% variable
$0
Get the credit you want for your business, and unlimited 1% cash back on every purchase, every day.
14.74%, 18.74% or 22.74% variable
0% for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5X miles per dollar on every purchase, every day.
18.74% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2 miles per dollar on every purchase, every day.
14.74%, 18.74% or 22.74% variable
0% for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5 cash back on every purchase, every day.
18.74% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2% cash back from Spark Cash could mean thousands of dollars each year going back into your business. No minimum to redeem.
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
17.74% to 24.74% variable
0% for the first 9 months (then 17.74% to 24.74% variable)
$99
Earn 2x points on Southwest® purchases and 1x point on all other purchases. Plus 6,000 anniversary bonus points.
17.99% to 25.99% variable
$0 annual fee for the first year ($99 thereafter)
For a limited time, earn 70,000 American Airlines AAdvantage® bonus miles after making $4,000 in purchases within the first 4 months of account opening.

Compare up to 4 providers

What size business is the Blue Business℠ Plus Credit Card good for?

Small businesses just starting out with limited cash inflow may find this card useful. It has $0 annual fees, and with its 0% introductory purchase APR for the first 15 months after you open your account — and 13.24%, 17.24% or 21.24% variable APR after that — you won’t have to worry about interest charges if you carry your balance and pay once you have the funds. This feature can help you out if you want to make a large purchase early on.

Also, if you are looking to transfer your balance from another card, the Blue Business℠ Plus Credit Card offers a 0% introductory balance transfer APR for the first 15 months after your account is opened when a balance transfer is initiated within the first 60 days. The APR then reverts to a 13.24%, 17.24% or 21.24% variable .

While you use this card, you’ll earn 2x membership reward points on all your spending on up to $50,000 in annual purchases and 1x points after. You can redeem these points in multiple ways including purchasing flights, hotel stays, gift cards or entertainment tickets, or by shopping through the Membership Rewards® site.

What should I know before I apply?

To apply for the Blue Business℠ Plus Credit Card, American Express will ask you for information about yourself and your business. This information includes:

  • Business name and address
  • Industry type
  • Company structure
  • Years in business
  • Number of employees
  • Annual revenue and monthly spending
  • Federal Tax ID, also known as Employment Identification Number (EIN)
  • Personal information of the credit card owner, including annual income

What credit score do I need?

You can get approved with a fair business credit score, but to get a higher credit limit and a lower APR on purchases and balance transfers, apply with a good credit score or higher.

What do customers say about Blue Business℠ Plus Credit Card?

American Express has been accredited with the Better Business Bureau (BBB) since 1948 and gets an A+ rating. However, as of this writing, 90% of reviews for this credit card provider are negative, with customers complaining about poor customer service, delays in receiving reward points and issues redeeming reward points in general. On TrustPilot, the provider receives a rating of 3 out of 10, with more complaints about the customer service team and issues disputing unauthorized charges on American Express credit cards.

For reviews of this specific card, customers like the option to earn 2x points on every purchase up to $50,000 per year and that it comes with no annual fee.

How to apply for the Blue Business℠ Plus Credit Card?

  1. Go to the American Express website.
  2. Select the Blue Business℠ Plus Credit Card from the list and click Apply.
  3. Complete the application with details like your name, address, annual income and Social Security number.
  4. Review and submit your application.
  5. Alternatively, you can apply by phone at 1-800-519-6736 or 1-888-781-6736.

How long will it take to be approved?

If all information is accurate and complete, and the requirements are met, the approval is instant. Upon approval, you’ll receive the card in three to four business days via UPS.

I got the card. Now what?

  • Use the online management tools.
    American Express offers a variety of online tools that can help you set up automated payments and account alerts to avoid late payments. You can also manage your expenses by using the Spend Manager℠ and you can transfer your data directly to your QuickBooks account.
  • Avoid paying interest.
    Your due date is 25 days after the close of each billing period. Try to pay your entire balance by the due date to avoid paying unnecessary fees.
  • Contact customer service.
    You can call the American Express customer service line at any time with any questions by dialing 1-800-528-4800.

Bottom line

For a small business owner who wants to make a large initial purchase or make a balance transfer from another card, the intro APR on purchases and balance transfers of 0% for 15 months that the Blue Business℠ Plus Credit Card offers could help. (Then it has a 13.24%, 17.24% or 21.24% variable APR. ) It can be especially useful if your business’s cash flow isn’t well established just yet.

In addition to the long intro APR, the card has $0 annual fees and it lets you earn 2x membership rewards points for all business purchases on up to $50,000 per year and 1x points on purchases thereafter. You can redeem these points whenever you want for gift cards, travel purchases or shopping.

Take your time and compare your business credit card options before you settle. Features, rates and fees will vary across cards and providers, and comparing will help you establish which is best for your unique business.

Frequently asked questions

Disclaimer

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Images: americanexpress.com

Kliment Dukovski

Kliment Dukovski is a writer who specializes in global financial markets and personal finance, with a focus on credit cards. His main goal is to deliver honest and accurate information to help you make the right financial decision. When he's not writing about finance-related subjects, he writes sci-fi stories.

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