Review of the Blue Business® Plus American Express Credit Card

The Blue Business® Plus American Express Credit Card offers a variety of features tailored to small business needs. From an introductory 0% APR to a straightforward rewards system, this card aims to balance affordability and functionality.

Annual Percentage Rate (APR) for Purchases

Introductory APR: 0% for the first 12 months from the date of account opening.
Regular APR: After the introductory period, the APR will be 18.49% to 26.49%, based on your creditworthiness. This rate varies with the market based on the Prime Rate.

Penalty APR and Conditions

Penalty APR: 29.99%, which also varies with the market based on the Prime Rate.
When It Applies: This rate applies if you make a payment that is returned, make two late payments within 12 billing periods, or fail to pay the minimum payment due by the closing date of the billing period.
Duration: If applied, the Penalty APR remains in effect for at least 12 consecutive billing periods. It will continue until you make on-time payments with no returned payments for 12 billing periods.

Paying Interest

Interest-Free Period: You have a minimum of 25 days after the close of each billing period to pay your balance without incurring interest on purchases.
Interest on Balance Transfers: Starts from the transaction date.
No Interest on Overlimit Amounts: If you pay the minimum payment due by the closing date each month, no interest will be charged on the amount exceeding your credit limit.

Fees

Annual Membership Fee

Annual Fee: $0

Transaction Fees

Balance Transfer: Either $5 or 3% of the amount of each transfer, whichever is greater.
Foreign Transaction: 2.7% of each transaction after conversion to US dollars.

Penalty Fees

Late Payment: Up to $39
Returned Payment: $39
Overlimit: None

Balance Calculation Method

The Blue Business® Plus Credit Card uses the “average daily balance” method, including new transactions, to calculate your balance.

Loss of Introductory APR

If a penalty APR is applied for any reason, all introductory APRs will end, and the penalty APR will apply to your account.

Variable APR Limits

Maximum Variable APR: 29.99%
APR Based on Prime Rate: Variable APRs depend on the Prime Rate published in The Wall Street Journal on the closing date of the billing period. If not published on that day, the previous publication date’s Prime Rate will be used. Changes to the Prime Rate affect your variable APR starting the first day of the billing period.

Terms and Conditions

By applying for the Blue Business® Plus Credit Card, you agree to several conditions, including:

Usage: The card is intended for business or commercial purposes.
Eligibility: Only US residents aged 18 or over may be approved.
Joint Liability: You and your company are jointly responsible for all charges to the account.
Accuracy: Information provided in the application must be accurate.
Information Sharing: American Express and its affiliates may share your information for marketing and administrative purposes as permitted by law.

Balance Transfers

Eligibility: Balance transfers must be from accounts in your name and requested within 60 days of account opening.
Limitations: No transfers from American Express or its affiliates’ accounts. Transfer amounts are capped at $15,000 or 75% of your credit limit, whichever is less.
Processing Time: May take up to six weeks. Continue making payments on the account from which you are transferring until the transfer is complete.

New York Residents

New York residents can contact the New York State Department of Financial Services for information on comparative credit card rates, fees, and grace periods.

Notices for Specific States

Delaware and Oregon: Service charges are within legal limits.
Ohio: Creditors must make credit equally available to all creditworthy customers.

Prescreen & Opt-Out Notice

This offer is based on information in your credit report. It’s not guaranteed if your creditworthiness changes or if the application is incomplete. To opt-out of prescreened offers, contact the consumer reporting agencies listed.

Membership Rewards Program

Welcome Offer: Earn 25,000 Membership Rewards® points after spending $5,000 within the first 3 months.
Eligible Purchases: Excludes fees, interest charges, and certain other transactions.
Points Value: Varies based on usage. Visit membershiprewards.com/pointsinfo for details.

Benefit Terms

Account Manager: Must be at least 18 years old with a U.S. address and Social Security Number.
American Express Access and Early Access: Conditions apply for ticket purchases and availability.
American Express® App: Available for eligible U.S. accounts on iOS and Android.

Amex Offers

Eligibility: U.S.-issued American Express Consumer and Business Cards and registered American Express Serve® and Bluebird Cards.
Redemption: Enroll in offers via the online account or American Express® App.

Blue Business Plus 2X

Earn 2 points per dollar on the first $50,000 in eligible purchases each year, then 1 point per dollar thereafter.

Global Assist® Hotline

Provides coordination and assistance services, but you are responsible for third-party costs.

Insider Fares

Available for Membership Rewards® program-enrolled cards on select flights.

Lowest Hotel Rates Guarantee

American Express will refund the difference if you find a lower rate for the same room, in the same hotel, for the same dates.

Membership Rewards® Pay With Points

Use points to cover eligible travel purchases made through American Express Travel.

Membership Rewards® Program – Transfer Points

Convert points to participating Frequent Flyer or Frequent Guest programs. A fee may apply for U.S. airline conversions.

Membership Rewards® Program – Points for Statement Credit

Points are deducted immediately upon redemption, and statement credits appear within 48 hours.

FAQs

What is the APR for the Blue Business® Plus Credit Card?

The card offers a 0% introductory APR for the first 12 months. After that, the APR ranges from 18.49% to 26.49% based on your creditworthiness.

Are there any fees for foreign transactions?

Yes, there is a 2.7% fee for each transaction after conversion to US dollars.

How can I earn Membership Rewards® points?

You can earn 2 points per dollar on the first $50,000 in eligible purchases each year, and 1 point per dollar thereafter. There is also a welcome offer of 25,000 points after spending $5,000 within the first 3 months.

What happens if I make a late payment?

Late payments may incur a penalty APR of 29.99% and a fee of up to $39.

Can I transfer balances from other credit cards?

Yes, but not from American Express or its affiliates’ accounts. The transfer limit is $15,000 or 75% of your credit limit, whichever is lower.

What is the penalty APR?

The penalty APR is 29.99%, applicable if you make a payment that is returned, make two late payments in 12 billing periods, or fail to pay the minimum payment due by the closing date.

The Blue Business® Plus Credit Card from American Express offers a robust combination of rewards and features ideal for small business owners. With a competitive introductory APR, flexible rewards, and comprehensive terms, it presents a valuable option for managing business expenses efficiently.

Note: Always review the latest terms and conditions directly from American Express before applying for any credit card to ensure you understand all applicable rates and fees.