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The Plum Card® from American Express OPEN vs Ink Business Preferred℠ Credit Card

Compare Rewards, Interest Rates, Fees, and Benefits

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American Express Plum Card is a flexible business charge card to help manage cash flow. How does it compare to Ink Business Preferred from Chase? Read our comparison chart below.

Keep in mind, the American Express Plum Card has a $0 introductory annual fee for the first year, then $250, while the Ink Business Preferred has a $95 annual fee.

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

 The Plum Card from American Express OPENInk Business Preferred Credit Card
 Apply NowApply Now
 

The Plum Card® from American Express OPEN

Ink Business Preferred℠ Credit Card

 Business Charge CardBusiness Credit Card
 
  • 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
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent in select categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee
 

Card Interest Rates & Fees

Purchase APRN/A17.24% to 22.24% Variable based on your creditworthiness and other factors
Balance Transfers APRN/A17.24% to 22.24% Variable based on your creditworthiness and other factors
Foreign Transaction FeeNo foreign transaction fee$0
Annual Fee$0 introductory annual fee for the first year, then $250$95 annual fee
 

Card Rewards & Benefits

Introductory Bonus Reward Points Introductory Bonus Reward Points: Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
Travel Rewards Travel Rewards: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
1:1 point transfer to leading airline and hotel loyalty programs
Airline Rewards Airline Rewards: 1:1 point transfer to leading airline and hotel loyalty programs
Hotel Rewards Hotel Rewards: 1:1 point transfer to leading airline and hotel loyalty programs
Point Rewards Point Rewards: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
DiscountDiscount: 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.
 
Airline Transfer Partners Airline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, and Virgin Atlantic.
 Go to issuer's official application, terms, and detailsGo to issuer's official application, terms, and details
 

CreditDonkey® Card Reviews

 The Plum Card from American Express OPENInk Business Preferred Credit Card
Pros & ConsPros:
  • 1.5% discount for paying early
  • No pre-set spending limit
Cons:
  • $250 annual fee
Pros:
  • Earn 80,000 bonus points
  • Earn 3 points per $1 in select business categories
  • Protection benefits
  • Airline transfer partners
Cons:
  • $95 annual fee
  • No introductory APR
Bottom LineFlexible business charge card to help manage cash flow... Read full reviewExcellent credit card for the modern small business... Read full review
 Apply NowApply Now
What Others View

    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: 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 any card issuer.

    Which is Better: American Express Plum Card or Ink Business Preferred?

    Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing American Express Plum Card or American Express Business Platinum.


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


    Explore Ink Business Preferred℠ Credit Card 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.

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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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    Compare Ink Business Preferred to:

    Chase Sapphire Preferred

    Chase Sapphire Preferred® Card

    Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
    N/AN/A
    17.24% - 24.24% Variable
    Annual Fee
    $0 Intro for the First Year, then $95
    SimplyCash Plus

    SimplyCash® Plus Business Credit Card from American Express

    Introductory Bonus Cash BackCash Back RewardsOffice RewardsDiscount
    Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
    0% on Purchases for 9 months
    N/A
    13.49% - 20.49% Variable
    Annual Fee
    No annual fee
    Chase Sapphire Reserve

    Chase Sapphire Reserve℠

    Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
    N/AN/A
    17.24% - 24.24% Variable
    Annual Fee
    $450


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