US Bank Altitude® GO vs The Plum Card®

Detailed Comparison Overview

Key Facts

Annual Fee

Avg. Min. Credit Score

Balance transfers fees

Best Multiplier

Avg. Point Value
(Learn More)

Bonus Offer

Rating

Review

Key features

Unique Card Benefits

Has No Preset Spending Limit

Extended Warranty

Purchase Protection

Return Protection

Secondary Car Rental CDW Waiver

No Foreign Transaction Fees

Travel and Emergency Assistance Services

No Fees for Authorized Users

Amex Offers

US Bank Altitude® GO

Annual Fee

Avg. Min. Credit Score

800-850

Balance transfers fees

Best Multiplier

4x Dining Out / Food Delivery

2x Gas Stations

2x Streaming Services

2x Groceries

1x Everything Else

Avg. Point Value
(Learn More)

$0.01

Bonus Offer

Get $200 (in the form of 20,000 points) when you spend $1,000 in your first 90 days

Rating

(0) Our Review

Review

This card is no longer available at Your Best Credit Cards. Please see our Card Explorer to find the card that is right for you.

Unique Card Benefits

Has No Preset Spending Limit

Extended Warranty

Purchase Protection

Return Protection

Secondary Car Rental CDW Waiver

No Foreign Transaction Fees

Travel and Emergency Assistance Services

No Fees for Authorized Users

Amex Offers

The Plum Card®

Annual Fee

$250 (Rates and fees)

Avg. Min. Credit Score

Good-Excellent

Balance transfers fees

Best Multiplier

1.5x All Other Eligible Purchases

Avg. Point Value
(Learn More)

$0.01

Bonus Offer

None. Terms Apply.

Rating

(2.88) Our Review

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 (No Preset Spending Limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history.).

The American Express® Business Gold Card earns 4X Membership Rewards points on up to $150,000 in total spend per calendar year, in the two qualifying categories where your business spends the most money every month out of 6 select business categories.

(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®

Unique Card Benefits

yes

Has No Preset Spending Limit

yes

Extended Warranty

yes

Purchase Protection

yes

Return Protection

yes

Secondary Car Rental CDW Waiver

yes

No Foreign Transaction Fees

yes

Travel and Emergency Assistance Services

yes

No Fees for Authorized Users

yes

Amex Offers

yes