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VS

Compare the Features and Benefits of The Plum Card® and
Southwest® Rapid Rewards® Premier Business 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
No Foreign Transaction Fees
Travel and Emergency Assistance Services
No Fees for Authorized Users
Has No Preset Spending Limit
Return Protection
Secondary Car Rental CDW Waiver
Amex Offers
Primary Car Rental CDW Waiver
Annual Statement Credits
Trip Protections
Roadside Assistance
Free Checked Bags
Does Not Report Credit Line to Personal Credit Profile
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
No Foreign Transaction Fees
yes
Travel and Emergency Assistance Services
yes
No Fees for Authorized Users
yes
Has No Preset Spending Limit
yes
Return Protection
yes
Secondary Car Rental CDW Waiver
yes
Amex Offers
yes
Primary Car Rental CDW Waiver
no
Annual Statement Credits
no
Trip Protections
no
Roadside Assistance
no
Free Checked Bags
no
Does Not Report Credit Line to Personal Credit Profile
no
Annual Fee
$99
Avg. Min. Credit Score
670-850 *
Ongoing APR
21.49%-28.49% (Variable)
Balance transfers fees
Either $5 or 5% of the amount of each transfer, whichever is greater.
Best Multiplier
3x Airfare

Earn 3X on Southwest flights booked directly; otherwise earn 1X

2x Transit
2x Hotels

Only when booked via the Rapid Rewards portal; Otherwise earn 1X.

2x Car Rentals

Only when booked via the Rapid Rewards portal; Otherwise earn 1X.

1x Everything Else
Avg. Point Value
(Learn More)
$0.014
Bonus Offer
Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
Rating
YBCC Card Rate Stars Filled
YBCC Card Rate Stars Empty
(3.9) 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

Small business owners that occasionally fly Southwest should consider getting the Southwest Premier Business Credit Card. You’ll get a solid earning rate on Southwest Airlines purchases and select travel purchases, a statement credit for two EarlyBird Check-Ins each card membership year, plus 25% back on inflight purchases.

Get onboard earlier thanks to two EarlyBird Check-In purchases annually.

In addition to the bonus points earned after account opening, cardholders earn points at a rate of 3x Rapid Rewards points on Southwest purchases, 2x points on Southwest Rapid Rewards hotel and car rental partner purchases, local transit, commuting, and ride-hailing services, and 1x Rapid Rewards points on all other purchases.

When you earn points through the Southwest Premier Business Credit Card, they count toward earning the Southwest Companion Pass. Plus you’ll earn 1,500 Tier-Qualifying Points toward A-List status for every $10,000 spent on the card in a calendar year.

You can boost your point earnings by adding employee cards at no additional cost. If you want a unique way to reward your employees, the Southwest Premier Business Card reimburses up to $500 in fees for points transfers.

Earn points that have no blackout dates on Southwest Airlines flights.

When you go to redeem points, Southwest offers a simple rewards structure. You’ll pay between 81 and 83 Rapid Rewards points per dollar of base fare on Southwest flights, valuing the points around 1.4 cents each. While there are no blackout dates, that also means there’s no way of getting more value from your Rapid Rewards points.

Although the Southwest Premier Business Card is a solid card, Southwest frequent travelers should strongly consider getting the Southwest Performance Business Credit Card instead. For a $199 annual fee, you’ll earn higher rewards in several rewards categories: 4x bonus points on Southwest purchases, 3x points on Rapid Rewards hotel and car rental partner purchases, 2x points on social media and search engine advertising, internet, cable, and phone services, and 1x on other purchases. Plus, you’ll get four Upgraded Boardings each year and a Global Entry or TSA PreCheck application fee statement credit.

Lastly, this card is great for getting halfway to a Southwest Companion Pass with the bonus offer. Read our guide on earning a Southwest Companion Pass for up to two years via new account bonuses.

Read more
Unique Card Benefits
yes
Extended Warranty
yes
Purchase Protection
yes
No Foreign Transaction Fees
yes
Travel and Emergency Assistance Services
yes
No Fees for Authorized Users
yes
Has No Preset Spending Limit
no
Return Protection
no
Secondary Car Rental CDW Waiver
no
Amex Offers
no
Primary Car Rental CDW Waiver
yes
Annual Statement Credits
yes
Trip Protections
yes
Roadside Assistance
yes
Free Checked Bags
yes
Does Not Report Credit Line to Personal Credit Profile
yes

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