Offers an intro APR on purchases and balance transfers and no annual fees.
- 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 670 or higher.
|Product Name||The Blue Business℠ Plus Credit Card from American Express|
|Card Type||American Express|
|Standard Purchase APR||15.49% to 21.49% variable|
|Intro Purchase APR||0% for the first 12 months (then 15.49% to 21.49% variable)|
|Standard Balance Transfer APR||15.49%, 18.49% or 21.49% variable|
|Intro Balance Transfer APR||0% for the first 12 months (then 15.49%, 18.49% or 21.49% variable)|
|Balance Transfer Fee||$5 or 3% of the transaction, whichever is greater|
|Foreign Transaction Fee||2.7% of the transaction value|
|Interest Free Period||Up to 25 days|
|Late Payment Fee||Up to $38|
|Returned Payment Fee||Up to $38|
|Additional Cardholder Fee||$0|
|Rates & Fees||rates & fees|
|Rewards||2x points on everyday business purchases on up to $50,000 annually, then 1x points|
|Base Rewards||1x points|
The basicsThe Blue Business℠ Plus Credit Card from American Express 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 12 months following your account opening on balance transfers requested within the first 60 days and on purchases, and then 15.49% to 21.49% variable APR after that. On top of that, there are $0 annual fees (see rates & fees).
Compared to other small business cards, The Blue Business℠ Plus Credit Card from American Express has a solid intro APR. Cutting out interest payments over 12 months can help your small business save big.
Aside from the strong 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.
Low intro balance transfer APR.The Blue Business℠ Plus Credit Card from American Express comes with a long intro period when compared against similar small business credit cards. Cash in on a 0% intro APR for balance transfers for the first 12 months following your account opening (and then 15.49% to 21.49% 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 12 months following your account opening. After that it is a 15.49% to 21.49% variable APR. This is beneficial for small companies that are starting out and have limited cash inflow. The intro period could help you carry the balance until you can pay it off.
$0 annual fees.The Blue Business℠ Plus Credit Card from American Express 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.
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Buy above your credit limit.
You have the option to buy above your credit limit with The Blue Business℠ Plus Credit Card from American Express. 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 from American Express has you covered when you’re out of state and abroad with travel insurance, car rental loss and insurance and baggage insurance.
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.
Compare business credit cards
What size business is The Blue Business℠ Plus Credit Card from American Express 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 12 months after you open your account — and 15.49% to 21.49% 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 from American Express offers a 0% introductory balance transfer APR for the first 12 months after your account is opened when a balance transfer is initiated within the first 60 days. The APR then reverts to a 15.49% to 21.49% 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 from American Express, 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 The Blue Business℠ Plus Credit Card from American Express?
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 from American Express?
- Click apply now.
- Select The Blue Business℠ Plus Credit Card from American Express from the list and click Apply.
- Complete the application with details like your name, address, annual income and Social Security number.
- Review and submit your application.
- 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.
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 12 months that The Blue Business℠ Plus Credit Card from American Express offers could help. (Then it has a 15.49% to 21.49% variable APR.) It can be especially useful if your business’s cash flow isn’t well established just yet.
In addition to the 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.