American Express: Plum is the new Black.

March 4, 2008

Earlier this year we decided to get an American Express Plum Card to run most of our expenses through. To say the least, we are pumped about our card selection. The Plum Card has proven to be an amazing asset to our small business and a great tool for managing cash flow. Today we received a letter in the mail from AmEx OPEN. Below is a recap of the letter and the card in general.

“Congratulations, your charter member number is 9,518 of 10,000.” Susan Sabbott, President American Express OPEN

The small circulation actually means it’s currently more exclusive than the Black Card.

Current Benefits of the Plum Card (3-3-2008):

  • Early Pay Discount - receive up to 2% back if you pay your bill within 10 days of receiving it.
    • Basically, this increases your profitability by 2% just by running your expense through the card.
    • Instantly decreases your PPC costs by 2%
  • Defer Pay Discount - pay 10% of your balance and defer the remaining for 30 days with no interest.
    • We haven’t tried this out yet and hopefully won’t have to but it could be useful if cash flow is tight.
  • No Limit.
    • Well actually, when you first get it they put a 32k limit on the first month but it grows as you continue to build and pay off high balances.
    • Automatic discounts at certain restaurants, hotels, etc..

Upcoming features for the 10,000 businesses who made the initial selection:

  • Opportunity to promote your business through PlumCard.com and Plum Card Advertising.
    • Create a digital card with your business name on it
    • They provide you with a customized Plum Card “Who’s getting one?” arrow to display on your own business website
  • Opportunity to be on the Plum Card advisory board
    • Let them know how to make the card better

Check out the scans of the letter we received regarding the above upcoming rewards of this awesome card.

Anyone else have it?

Tags: american express plum, amex plum card

Posted by Jon | Filed Under Sundry 

Comments

5 Responses to “American Express: Plum is the new Black.”

  1. Kevin Hodes on March 24th, 2008 9:35 am

    I didnt realize how exclusive the card was until I received my letter.

    I am # 364.

  2. Lilyba on March 25th, 2008 9:38 am

    thank you, guy

  3. G on April 16th, 2008 11:38 pm

    Wow … that is a low number. I thought our Charter Member number of 4,824 was low.

  4. roco on April 21st, 2008 9:40 pm

    I received my charter letter a few months back as well.

    anyone know when the “advisory board” will be opened?

  5. james on April 30th, 2008 5:08 pm

    heeey all
    can any one tell me whats amex black withrawall limit from an ATM

    tkanks

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