The Blue Company® Plus Bank Account from American Express is a convenient option for business owners looking to accrue Membership Rewards points. The card is a good choice for daily use since it provides generous rewards: 2 loyalty points per dollar on common business expenses like office supplies or client lunches, up to the first $50,000 in transactions annually, and 1 point per dollar on all other purchases. There is no yearly charge for the American Express Blue Business Plus Card. Inconvenience number one? With a 2.7% charge added to each purchase made abroad, this card is not a good choice for anybody planning on making purchases in currencies other than the United States dollar (see rates & fees). Not suitable for companies with yearly revenues over $50,000.

Arguments In Favor Explanation

Generous Benefits On Spending Of Up To $50,000 Annually:

Owners of businesses might benefit from this card since it offers a rather generous rewards program in the form of a fixed number of Membership Rewards points for every dollar spent. If you use your Amex points to book a trip via Amextravel.com, Investopedia predicts that you'll get 1 cent in value for each point. Some Membership Rewards airlines, but hotel transfer partners may provide increased point redemption values. Alternative cards may not be as rewarding or restrict their best perks to a narrower range of purchases.

To Borrow Beyond Your Means

You can use this card when you really need to go above your credit limit. You may still earn Membership Rewards points even if you exceed the monthly spending limit, and there's no fee or signup needed. Whether or not you are allowed to spend more than your credit limit is based on factors such as your monthly payments, payment history, capital backing, and more. Overspending on a credit card is like overspending on any other kind of charge; interest will be added if the balance isn't paid in full before the end of the billing cycle.

The First Few Purchases Are On Us!

All purchases are eligible for an initial 12-month term with no interest charged. This kind of promotion is unusual for business credit cards that don't charge an annual fee but may be a boon to a company's cash flow and interest savings. Once the introductory 0% APR term ends, the continuing purchase APR of 16.24% to 24.24% (variable dependent on trustworthiness) is lower than the continued purchase APR of several other credit cards for companies.

The Downsides, Exposed

Cap On Two-Point-Per-Dollar Rewards:

The greatest rewards rate towards this card, two points per dollar, is quite generous, but it only extends to the first $50,000 in business spending. The restriction may not be a problem for sole proprietors or small organizations with only one or two workers, but bigger companies might wish to check into alternative cards.

Short On Vacation Perks:

This card doesn't come with many useful travel features, but it does provide supplementary vehicle rental insurance and access to a worldwide support hotline*. While it's not shocking for a business card to have no annual cost, it's still something to keep in mind if you regularly travel for work. Small companies with variable monthly spending patterns and expenditures across many spending categories can benefit most from the Blue Business® Plus credit card.

Specifics On How To Claim Rewards

The Premium Reward points you acquire with this card may be redeemed in several ways, all provided by American Express. American Express and our internal research have confirmed the value of an American Express Membership Rewards point to be 1 cent. Gift cards are available, with point values ranging from a fraction of a cent to a penny per point, depending on the retailer. Value is often lower using other approaches. Points may be redeemed for a value of 0.7 cents each during the checkouts of retailers like Amazon and Best Buy or for a value of 0.6 cents each to cancel out charges on your credit card or bank statement.

Conclusion

Business essentials like office supplies and client meals may be purchased with the card and rewarded at 2 Membership Rewards points per dollar spent, up to $50,000 in transactions per year. After that, the rate drops to 1 point per dollar spent. If your company spends more than $50,000 yearly, you may want to look elsewhere since the incentives rate drops significantly beyond that point. The Blue Company® Plus Credit Card with American Express is a convenient option for business owners seeking membership credit card rewards. The card is a good choice for daily use since it provides generous rewards: 2 Membership Rewards per dollar on common business expenses like office supplies or client lunches, up to the first $50,000 in transactions annually, and 1 point per dollar on all other purchases.