|❯ Annual Fee: $0|
|❯ Purchase Intro APR: 0% for 15 months|
|❯ Rewards Rate: 1 - 3% Cash Back | Bonus $150|
|❯ Transfer Intro APR: N/A|
|❯ Regular APR: 13.99% - 23.99%|
The first $50,000 spent annually will yield 2 points per $1. Other purchases provide just 1 point per $1 spent, which is below the market average of 1.17 points/miles. So the Blue Business Plus Card is not the most rewarding option available to you and your business.
One of the best things about the Amex Blue Business Plus Card is its lack of an annual fee. This makes it roughly $19.76 per year cheaper than the average credit card. It does not, however, mean you should apply. There are well over 100 business credit cards with no annual fee, according to WalletHub’s database, and many of them are more rewarding than Amex Blue Business Plus.
The American Express Blue Business Plus Card offers 0% on new purchases for the first 12 months. That’s about what you would get from the average 0% APR credit card.
Your personal credit standing will dictate your ability to get approved for any business credit card, and it needs to be good or excellent for you to qualify for Amex Blue Business Plus. And since over 40% of people don’t meet that threshold, you’d be wise to check your latest credit score for free before you apply.
The Blue Business Plus Card’s APR could be anywhere from 13.24% to 19.24% (V). It all depends on your credit standing. So it figures that people with good credit will get a rate toward the high end of the range, with the low end being reserved for applicants whose credit history is excellent bordering on perfect. For context, the average APR among credit cards for good credit is 19.24%, while credit cards for excellent credit charge an average of 12.99%.
Because business credit cards don’t enjoy the same user protections as consumer cards, issuers can increase the interest rates on business-card balances whenever they please – among other things. With consumer cards, they have to wait until you’re at least 60 days delinquent.