Comments on: American Express Launched a New Card—Plum Card

By: Jonathan

Jonathan — Tue, 27 Nov 2007 17:58:57 +0000

I think some of you are missing the point. It is 2% 10 Net60 trade terms card. You can purchase goods from your vendor and get basically 60 days to pay off the purchase. You can then turn around and sell the goods to your customer and give them 30 days to pay you. You will receive your payment from your customer well before you pay your plum card balance, thus freeing up cash for your business. Remember, this is a BUSINESS card so you have to think of it in terms of a business, and not just a rebate card.

By: David

David — Tue, 27 Nov 2007 17:05:39 +0000

Hi Jonathan. Thank you very much. Yes. It’s true. It’s a nice card for business owners not for daily use.(we can’t spend so much money in a month.)

By: sander

sander — Tue, 06 Nov 2007 05:13:37 +0000

I think you are right. This card is for big spenders who want cash rewards.

By: Shawn

Shawn — Tue, 06 Nov 2007 04:31:35 +0000

If I am a student, can I apply business credit card? Thanks!

By: linglin

linglin — Tue, 06 Nov 2007 03:53:52 +0000

btw, what is meta “log in”?

By: linglin

linglin — Tue, 06 Nov 2007 03:52:08 +0000

seems like amex is good at making distinct look of cards

By: David

David — Tue, 06 Nov 2007 03:20:34 +0000

Hi Sander. You’re right. For most of us, the HH 2% card(or Orcahrd card) is enough.

By: David

David — Tue, 06 Nov 2007 03:07:29 +0000

Hi Shawn. As I said before, everyone can apply for a business card. You can put your name as the business name. Put your SSN as ITIN. However, they might call you and ask what’s kind of business you are working. Some typical answers are: I’m doing some eBay business.Or I am preparing on it.You may try it some time. The business cards will not appear on your credit report.

By: David

David — Tue, 06 Nov 2007 02:10:45 +0000

Hi,linglin. Congratulations! I use that bottun to manage the website. If you want to write a post here, please feel free to contact me.

By: sander

sander — Mon, 05 Nov 2007 21:25:08 +0000

it surely looks great!

but, hey, the $185 annual fee? i don’t see many benefits associated with the pretty large fee. am i missing something here?