Amex Plum Card

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Tubpbs
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Amex Plum Card

Postby Tubpbs » Wed Nov 04, 2015 6:17 am

I was wondering if anyone has experience with this card? Do you find it useful? How quickly do you have to pay to get the 1.5% back? Did you have it when it was still 2%? If you pay before the statement cuts, do you get 1.5% back on those payments as well? How do you find the all around perks of the card aside from the early pay discount? Thanks for any responses.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
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takeshi
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Re: Amex Plum Card

Postby takeshi » Wed Nov 04, 2015 8:35 am

Tubpbs wrote:How do you find the all around perks of the card aside from the early pay discount?

The AmEx site would be a good place to look:
https://www.americanexpress.com/us/smal ... ds-plum-lm

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Vattené
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Re: Amex Plum Card

Postby Vattené » Wed Nov 04, 2015 4:48 pm

You have to pay within 10 days of statement closing for the discount. From the terms:
Early Pay Discount
Get a 1.5% discount on the portion of your eligible purchase balance that you pay within 10 days of your statement closing date, as long as you pay at least your Minimum Payment Due. The discount will appear as a credit on the following billing statement. Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do NOT include previously deferred amounts, fees or interest charges, cash advances, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents.


Edited to add: Note that if you defer payment to get the 60 day window, you still must pay 10% and you can't get the discount:
Extra Days to Pay
If you pay at least the Minimum Payment Due (which is 10% of the balance from new activity on your billing statement plus the entire amount of any previously deferred balance) by the Payment Due Date on your statement, you can defer payment of the remainder of your balance until the Payment Due Date on your next billing statement with no interest.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

Tubpbs
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Re: Amex Plum Card

Postby Tubpbs » Wed Nov 04, 2015 6:50 pm

You guys are making me seem lazy haha.

But I will look at the T&C more closely.

Still, anyone out there have this card and have any reactions? I have the Business Rewards Gold which is excellent for its categories but I would theoretically put all the misc / 1-point earning transactions on the Plum and do similarly well or better with a reward.

Not so sure in typing that that I actually value the MR below 1.5 cpp but it depends on how they would be redeemed I suppose.

Thanks for the replies.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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Vattené
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Re: Amex Plum Card

Postby Vattené » Wed Nov 04, 2015 10:22 pm

I only posted them directly because I have no experience with Plum (or any business card).

It does certainly matter how you redeem, but how valuable is it to you to be able to control how you use your rewards? With MR you can bank them and use towards a specific thing. The Plum rewards are automatic. The rewards are very real but you might not "feel" them. I personally like the psychological feeling of banking rewards even if it is ultimately a wash, but that is a personal preference.

Also, I think the Plum is a good card, but it is meant for a specific thing. Do you need it for it's intended purpose? If you don't NEED the 60 day flexibility, you may have better options. Have you looked at the SimplyCash? It's rewards are also automatically applied (similar to Plum's simplicity), but you have category choice and no AF, so you may earn more that route?
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now



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