The Blue Business® Plus Credit Card from American Express Review
This is one of the best offers from our partner American Express.
Are you interested in earning rewards on spending for your small business? The Blue Business® Plus Credit Card from American Express is a flexible option that can help you do so
You’ll earn 2X points on all business-related purchases (up to $50,000 a year, then 1X), all without paying an annual fee. (See Rates & Fees)
Here are the details:
With the Blue Business Plus Credit Card from American Express, you’ll earn 2X Membership Rewards® points on everyday business purchases up to $50,000 per year and 1X points after that.
You’ll enjoy a 0% introductory APR on purchases and balance transfers for 12 months (14.99 -20.99% variable), and there’s no annual fee. There is a balance transfer fee of $5 or 3% of each transfer, whichever is greater (see rates and fees).
Additionally, there’s no fee for employee cards. (See Rates and Fees) If you add an Additional Employee Card Member to your account, you’ll earn points for their purchases alongside your own.
However, if your business travel often takes you outside of the U.S you should use another card – this card charges a foreign transaction fee after conversion to U.S. dollar (see rates and fees).
You should also note that there’s a fee when booking airfare through the American Express portal or transferring your points to a frequent flyer program.
Is this card right for you?
The Blue Business Plus credit card will suit you well if you’re a small business owner looking to earn rewards for general, business-related expenses.
Before going any further, it’s important that you have a solid understanding of your business’ spending habits. The 2X category cap may hinder your rewards earning potential if your business comfortably spends $50,000 or more per year.
If you value welcome bonuses, you might be disappointed with this card’s lack of one. Despite this drawback, you will have access to the following AmEx perks:
- Auto Rental Insurance
- Lost Luggage Reimbursement
- Purchase Protection
- Zero Fraud Liability
- Roadside Assistance
- Extended Warranty Program
- Travel Accident Insurance
- Access to Account Manager, American Express® Business App and other Expense Management Tools
How much are the rewards worth?
Let’s take a look at how much your Membership Rewards® points would be worth with a spending example:
If you maxed out the 2X category ($50,000 per year) by spending $4,166.66 per month, you’d earn $1,000 worth of Membership Rewards® points, redeemable for travel, gift cards, shopping, entertainment, merchandise, charity and more.
Overall, you’ll get the most value out of your points by transferring them to one of AmEx’s travel partners. According to The Points Guy’s April 2019 point valuations, Membership Rewards® points redeemed for travel are worth 2 cents, whereas they’re normally valued at 1 cent.
How to use this card
The Blue Business Plus offers a 0% introductory APR on purchases and balance transfers for 12 months (14.99% – 20.99% variable thereafter). If you’re interested in paying off a large business purchase or credit card debt during this time frame, the introductory offer allows you to do so for 12 months without paying a dime in interest.
For example, if your business owed $2,000, you could reduce your debt by transferring the balance and paying $166.67 a month. Keep in mind you will owe either $5 or a 3% fee of the amount transferred, whichever is greater. In the case of this example, you’d owe an additional $60.
If you frequently travel outside of the United States for business, we suggest using a different card for purchases made abroad. The Blue Business Plus charges 2.7% foreign transaction fee (after conversion to U.S. dollars) on all purchases made outside of the U.S (see rates and fees).
The bottom line
The Blue Business Plus is a flexible business rewards credit card that can help you earn points for your everyday business expenses. With no annual fee and a simple rewards structure, you won’t have much to keep track of.
This card doesn’t offer a welcome bonus, and bigger businesses might have trouble with a $50,000 spending cap at the 2X rate. Despite this, you’ll enjoy the various AmEx-specific perks that come with the card.
For rates and fees of the Blue Business® Plus Credit Card from American Express Review, please click here.