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Compare the Features and Benefits of The Plum Card® and
Instacart Mastercard® Credit Card

Detailed Comparison Overview

Key Facts
Annual Fee
Avg. Min. Credit Score
Ongoing APR
Balance transfers fees
Best Multiplier
Avg. Point Value
(Learn More)
Bonus Offer
Rating
Review
Key features
Unique Card Benefits
Extended Warranty
Purchase Protection
Secondary Car Rental CDW Waiver
Has No Preset Spending Limit
Return Protection
No Foreign Transaction Fees
Travel and Emergency Assistance Services
No Fees for Authorized Users
Amex Offers
Trip Protections
Roadside Assistance
Concierge Services
Annual Fee
$250 (Rates and fees)
Avg. Min. Credit Score
670-850 *
Ongoing APR
-
Balance transfers fees
-
Best Multiplier
1.5x Everything Else
Avg. Point Value
(Learn More)
$0.01
Bonus Offer

None. Terms Apply.

Rating
YBCC Card Rate Stars Filled
YBCC Card Rate Stars Empty
(2.88) Our Review

Our ratings are determined by the authors and editors on our team. Each individual card feature is compared against all other cards we offer and the total score is an average of those 4 ratings.

Review

The Plum Card® is quite possibly the most unique card in the lineup of American Express business credit cards. As a full “No Preset Spending Limit” card (these used to be called charge cards by American Express, but that term is no longer used), it is really a great choice for extremely high spenders.

1.5% is a solid cash back rate for a card with no preset spending limit, though if you have spend that falls into the right bonus categories, you might want to first take a look at the American Express® Business Gold Card which is also a No Preset Spending Limit card but offers 4X Membership Rewards points on the top two categories you spend on each month from the following categories: Airfare purchases directly with the airline, U.S. online, TV and radio advertising purchases, U.S. Computer Hardware / Software / Cloud Computing purchases, U.S. Gas Stations purchases, U.S. Restaurants (including takeout and delivery), U.S. Shipping purchases – up to a combined total of $150,000 per calendar year.

cloud-computing-the-plum-card

(Note that the Plum Card earns cash back, not rewards points).

Now if your business is often a bit behind with cash flow (perhaps all of your client payments come more than 30 days after you need to make your own payments, then the 60 day payment period offer on this card (instead of the early pay discount – i.e. the cash back) could really be a massive benefit. So while it’s a niche card product, it can knock the ball out of the park for certain business owners.

Rates and Fees for The Plum Card®

Read more
Unique Card Benefits
yes
Extended Warranty
yes
Purchase Protection
yes
Secondary Car Rental CDW Waiver
yes
Has No Preset Spending Limit
yes
Return Protection
yes
No Foreign Transaction Fees
yes
Travel and Emergency Assistance Services
yes
No Fees for Authorized Users
yes
Amex Offers
yes
Trip Protections
no
Roadside Assistance
no
Concierge Services
no
Annual Fee
$0
Avg. Min. Credit Score
670-850 *
Ongoing APR
20.24%-28.99% (Variable)
Balance transfers fees
Either $5 or 5% of the amount of each balance transfer, whichever is greater.
Best Multiplier
5x Airfare

Only on purchases made through the Chase Travel Center. 1X otherwise

5x Hotels

Only on purchases made through the Chase Travel Center. 1X otherwise

5x Car Rentals

Only on purchases made through the Chase Travel Center. 1X otherwise

2x Gas Stations
2x Dining Out / Food Delivery
2x Streaming Services
1x Everything Else
Avg. Point Value
(Learn More)
$0.01
Bonus Offer
Get a free year of Instacart+ and a $100 Instacart credit automatically upon approval. Membership auto-renews. Terms apply.
Rating
YBCC Card Rate Stars Filled
YBCC Card Rate Stars Empty
(2.88) Our Review

Our ratings are determined by the authors and editors on our team. Each individual card feature is compared against all other cards we offer and the total score is an average of those 4 ratings.

Review

This card is designed for heavy Instacart uses. Much like the Amazon credit card only makes sense if you spend a ton at Amazon, the Instacart credit card only makes sense if you already spend a ton at Instacart as the 5% back will add up – and it’s a no annual fee credit card.

If you are looking for a powerful card for all supermarket purchases, you’d be much better off with one of our top credit cards for supermarkets like the American Express Gold Card, which earns 4X Membership Rewards at supermarkets, up to $25,000 a year (earn 1X thereafter).

But if you are loyal to Instacart, this card is worth considering.

It is a World Elite Mastercard, so it does come with some additional benefits as well.

Additional Benefits include:

  • World Elite Concierge
  • Baggage Delay Insurance
  • Extended Warranty Protection
  • Purchase Protection
  • Lost Luggage Reimbursement
  • Travel Accident Insurance
  • Roadside Assistance
  • Secondary Car Rental Collision Damage Waiver coverage

Overall, if you are a huge Instacart user, this card is worth it for the 5% back on all your purchases. But if you aren’t, you might find a better card for your spend in our Famous Card Explorer.

Read more
Unique Card Benefits
yes
Extended Warranty
yes
Purchase Protection
yes
Secondary Car Rental CDW Waiver
yes
Has No Preset Spending Limit
no
Return Protection
no
No Foreign Transaction Fees
no
Travel and Emergency Assistance Services
no
No Fees for Authorized Users
no
Amex Offers
no
Trip Protections
yes
Roadside Assistance
yes
Concierge Services
yes

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