Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
### Understanding the Fees: Is The Blue Business® Plus Credit Card Really Worth It for Your Business?
In the ever-evolving landscape of business finance, choosing the right credit card can significantly impact your company’s cash flow and rewards strategy. The Blue Business® Plus Credit Card from American Express has made waves in the marketplace with its attractive features and no annual fee. But is it truly worth it for your business? This article delves into the key benefits and potential drawbacks of this card to help you make an informed decision.
#### Welcome Bonus: A Solid Start
One of the most enticing features of the Blue Business® Plus Credit Card is the welcome bonus. New cardholders can earn **15,000 Membership Rewards® points** after spending **$3,000** on eligible purchases within the first three months of account opening. For businesses that frequently engage in large purchases, this bonus can be an excellent way to kickstart a rewards strategy, turning everyday spending into valuable points.
#### Introductory APR: Breathing Room for Purchases
Cash flow is a critical consideration for any business, and the Blue Business® Plus Credit Card offers a **0.0% intro APR on purchases for 12 months** from the date of account opening. This feature can provide much-needed breathing room for businesses aiming to manage expenses without incurring interest charges initially. After the introductory period, the variable APR ranges from **17.49% to 25.49%**, depending on the cardholder’s creditworthiness. This flexibility can be beneficial, but it’s essential for business owners to monitor their spending and repayment to avoid high-interest rates post-introductory period.
#### Points on Everyday Purchases
The card shines in its rewards structure, allowing cardholders to **earn 2X points on everyday business purchases** such as office supplies and client dinners. This rewards rate applies to the first **$50,000** spent annually, after which cardholders earn **1 point per dollar** spent. For businesses that regularly invest in these categories, the potential to accumulate points quickly can lead to significant rewards. However, it’s important to note that terms and limitations apply, so careful reading of the fine print is recommended.
#### Expanded Buying Power: Flexibility at Your Fingertips
One standout feature of the Blue Business® Plus Credit Card is its **Expanded Buying Power**. This allows cardholders to spend beyond their credit limit, providing a layer of flexibility that can be beneficial in times of financial need. However, it’s crucial to understand that this flexibility is not limitless; the amount available for spending beyond the credit limit is based on several factors, including payment history and overall creditworthiness. Businesses should use this feature judiciously and with an awareness of their financial health.
#### No Annual Fee: A Cost-Effective Choice
Perhaps one of the most appealing aspects of the Blue Business® Plus Credit Card is the **absence of an annual fee**. Many business credit cards come with hefty fees that can eat into profit margins, making this card an attractive option for small to medium-sized enterprises. The lack of an annual fee means that businesses can focus on maximizing their rewards potential without worrying about additional costs.
#### Conclusion: Is It Worth It?
In conclusion, the Blue Business® Plus Credit Card presents a compelling offer for businesses seeking to streamline their expenses while earning valuable rewards. With a generous welcome bonus, an introductory APR period, robust rewards for everyday purchases, and no annual fee, it positions itself as a strong contender in the business credit card market.
However, as with any financial product, the true value lies in how well it aligns with your business’s purchasing habits and financial strategy. Business owners should assess their spending patterns, repayment capabilities, and overall financial goals before applying. If used wisely, the Blue Business® Plus Credit Card could be a valuable asset in navigating the financial landscape of modern business.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Compare the top Excellent Credit Card Offers - CreditSoup Balance Transfer Cards