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SimplyCash Plus vs American Express Plum Card

Compare Rewards, Interest Rates, Fees, and Benefits

American Express is a CreditDonkey partner. We receive compensation if you apply and get approved for a card through links in our content. You do not have to use our links, but you help support CreditDonkey if you do. (read more)

SimplyCash Plus is a great cash back business credit card with practical bonus categories. How does it compare to American Express Plum Card, a cash back charge card? Read our comparison chart below.

Keep in mind, the SimplyCash Plus has a No annual fee, while the American Express Plum Card has a $0 introductory annual fee for the first year, then $250.

Charge Card vs Credit Card: SimplyCash® Plus Business Credit Card from American Express is a credit card while The Plum Card® from American Express OPEN is a charge card. If you plan to carry a balance, avoid charge cards as they usually require that you pay in full.

 SimplyCash Plus Business Credit Card from American ExpressThe Plum Card from American Express OPEN
 Apply NowApply Now
 

SimplyCash® Plus Business Credit Card from American Express

The Plum Card® from American Express OPEN

 Business Credit CardBusiness Charge Card
 
Introductory Bonus Cash BackCash Back RewardsOffice RewardsDiscountCar Rental Insurance
No Pre-Set Spending LimitDiscountCar Rental InsuranceExtended WarrantyPurchase Protection
 
  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back. Get cash back on business purchases, even those above your credit limit.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
  • See Rates & Fees
  • Paying early pays off: Get a 1.5% discount when you pay early, with no cap on what you can earn back.
  • Take up to 60 days to pay with no interest, if you pay your minimum due.
  • Use the power of the Plum Card to buy big for your business.
  • Unlock new opportunities with a spending limit that can grow with your business.
  • Additional Employee Cards at no annual fee - and an early pay discount on employee spending.
  • No Foreign Transaction Fees.
  • Introductory annual fee of $0 for the first year, then $250
  • Terms & Restrictions Apply. See Rates & Fees
 

Card Interest Rates & Fees

Introductory APR for Purchases0% introductory APR on Purchases for 9 monthsN/A
Purchase APR13.24% to 20.24% Variable based on your creditworthiness and other factorsN/A
Balance Transfers APRN/AN/A
Foreign Transaction Fee2.7% of each transaction after conversion to US dollars.No foreign transaction fee
Annual FeeNo annual fee$0 introductory annual fee for the first year, then $250
 

Card Rewards & Benefits

Introductory Bonus Cash BackIntroductory Bonus Cash Back: Special Offer: Earn up to $400 cash back
Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
 
Cash Back RewardsCash Back Rewards: 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. 3% on the category of your choice from a list of eight and 1% cash back on other purchases. (5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement.) Terms and limitations apply. 
DiscountDiscount: The OPEN Savings benefit is built into Business Cards from American Express OPEN and provides either a 5% discount or 2 additional Membership Rewards® points (if your card is enrolled in the Membership Rewards program) for each eligible dollar spent at OPEN Savings merchants. Terms and limitations apply.Discount: Get a 1.5% discount when you pay early or take up to 60 days to pay without interest (if you pay your minimum due).

The OPEN Savings benefit is built into Business Cards from American Express OPEN and provides either a 5% discount or 2 additional Membership Rewards® points (if your card is enrolled in the Membership Rewards program) for each eligible dollar spent at OPEN Savings merchants. Terms and limitations apply.
 Go to issuer's official application, terms, and detailsGo to issuer's official application, terms, and details
 

CreditDonkey® Card Reviews

 SimplyCash Plus Business Credit Card from American ExpressThe Plum Card from American Express OPEN
Pros & ConsPros:
  • 3% cash back on the category of your choice from a list of 8 select categories
  • No annual fee
Cons:
  • Bonus cash back only applies to purchases up to $50,000 per calendar year
Pros:
  • 1.5% discount for paying early
  • No pre-set spending limit
Cons:
  • $250 annual fee
Bottom LineGreat cash back business credit card with practical bonus categories... Read full reviewFlexible business charge card to help manage cash flow... Read full review
 Apply NowApply Now

See issuer's website for details including terms and conditions. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. When you click on the Apply Now button, you can review the terms and conditions on the issuer's website.

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the issuer's website for details.

Editorial Note: This content is not provided by American Express. 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 American Express.

Which is Better: SimplyCash Plus or American Express Plum Card?

Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing SimplyCash Plus or Ink Business Preferred.


Explore SimplyCash® Plus Business Credit Card from American Express In-Depth


Explore The Plum Card® from American Express OPEN In-Depth


Comments

  • John from Pennsylvania
    on March 28, 2012 7:58 AM said about American Express Plum Card:

    I just got the Plum Card and was made aware of something that the Customer Service Rep wasn't aware of until I pressed the issue and he had to find out the answer from a supervisor:

    The 1.5% is strictly applied to payments within the first 10 ten days after the monthly cycle closes. The caveat there is that payments made during the monthly cycle do not get the discount reward. That's an important distinction that will not necessarily be clear to anyone reading about the card and I think you should know that. I now realize that if I pay "too early", the discount doesn't apply. I was very disappointed. AMEX charge cards may not have a preset limit but they do have limits based on spending patterns. If I have $5000 available and use that in the first week of the monthly cycle on unforeseen expenses with several auto-debits still to come, I need to pay down the balance quickly within a few days and thus NOT get the discount on that payment. The discount only applies to the ENDING BALANCE. Now, if you have a stratospheric limit on the card, it won't matter. But for many small business owners juggling expenses and spending limits while trying to get maximum rewards, this can and will be a nuisance. Applicant beware.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.


Compare SimplyCash Plus to:

Gold Delta SkyMiles Business Credit Card
Introductory Bonus Airline RewardsAirline RewardsNo Limits on RewardsDiscountCar Rental InsuranceExtended WarrantyPurchase ProtectionBaggage InsuranceTravel Accident Insurance $0 Fraud LiabilityEmergency Card ReplacementIdentity Theft Assistance
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
16.24% - 20.24% Variable
$0 introductory annual fee for the first year, then $95

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Compare American Express Plum Card to:

American Express Business Platinum
Introductory Bonus Reward PointsTravel RewardsAirline RewardsBonus Airline RewardsHotel RewardsPoint RewardsNo Limits on RewardsNo Pre-Set Spending LimitConcierge DiscountCar Rental InsuranceExtended WarrantyPurchase ProtectionReturn ProtectionBaggage InsuranceTravel Accident Insurance$0 Fraud LiabilityEmergency Card Replacement Identity Theft AssistanceRoadside Assistance
Card TypeAnnual Fee
Business Charge Card
$450

Business Gold Rewards Card
Introductory Bonus Reward PointsPoint RewardsNo Expiration on RewardsNo Pre-Set Spending LimitDiscountEventsCar Rental InsuranceExtended WarrantyPurchase Protection Return ProtectionBaggage Insurance$0 Fraud LiabilityEmergency AssistanceEmergency Card ReplacementIdentity Theft AssistanceRoadside Assistance
Card TypeAnnual Fee
Business Charge Card
$0 introductory annual fee for the first year, then $175

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*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

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