The Amex Plum Card caters to businesses seeking flexibility and control over their finances, particularly those with high monthly expenses across travel, dining, and hotels. This review dissects its potential benefits and drawbacks to help you decide if it fits your spending habits correctly.

Who Is It Best For

• Frequent travelers: If your business spends heavily on flights, hotels, and dining, the 1.5% statement credit and travel perks can offer significant value.
• High spenders: Businesses with consistent, high monthly expenses can maximize the statement credit opportunities.
• Those needing spending flexibility: The Amex Plum Card's adaptable spending limit can be appealing for businesses with fluctuating needs.

Welcome Offer and Statement Credits

• No welcome offer.  

Earning Rewards

• Earn unlimited 1.5% cash back on all eligible charges when you pay your balance within 10 days of your statement closing date. There's no cap on earnings, allowing you to maximize your rewards. 
• For example, if your business spends $10,000 monthly on eligible expenses and pays within the 10-day window, you'll receive a $150 statement credit each month, totaling $1,800 annually.
• 60-day grace period: Enjoy extended payment terms without incurring interest charges. Just make the minimum payment by the due date.

Annual Fee and Costs

• $250 annual fee: This fee might be a deterrent for some businesses, but the potential for statement credits and reward flexibility could offset the cost.
• No fees for additional cards: Issue cards to employees at no extra cost.

Card Benefits and Perks

• Choose your billing cycle: Select the date that best aligns with your business's cash flow cycles.
• No preset spending limit: Enjoy purchasing power that adjusts based on your usage and creditworthiness, offering flexibility for larger expenses.
• No foreign transaction fees: Conduct international business without incurring additional charges.

Why Should You Get the American Express Plum Card?

• Unlock Flexible Rewards: Earn unlimited 1.5% cash back and redeem them for travel, statement credits, or gift cards.
• Enjoy Spending Flexibility: No preset spending limit and extended payment terms provide breathing room for larger purchases.
• Simplify Business Travel: No foreign transaction fees and travel benefits like airport lounge access make international trips smoother.

But that’s not all…

You can now generate virtual cards on demand directly linked to your existing Amex credit line! But how?

Fyle: Your Amex Superpower For Smarter Spending

No more chasing employees for receipts. Fyle’s integration with American Express Business Cards lets you connect your Amex cards directly to Fyle to instantly collect and match receipts, track spend, and automatically code expenses without depending on your bank feeds. But that’s not all, here's how it fuels your business:

Unlimited Cards For Your Employees

Ditch the one-size-fits-all plastic! Fyle's got your back with custom virtual cards for every business need. Pay vendors, subscribe to software, stick to budgets, or fund employee trips – you set the goal, Fyle builds the card with built-in controls.

Expense tracking? Easy. Set validity periods and spending limits for each card, keeping budgets on track and misuse at bay.  Plus, it connects to your existing Amex credit line, giving you seamless flexibility and control.

Receipt Chase? Never Again! 

Buried in paper receipts and endless email chases? No more!  Employees simply text their credit card receipts, and Fyle instantly matches them to the expense. Accountants rejoice!  No more inbox avalanches, just 5x faster receipt collection – pure bliss.  Ditch the paper cuts and hello to stress-free accounting! 

Reconciliation? Instant! 

No more manual reconciliation. Fyle's your real-time matchmaker, pairing expenses with receipts like magic the moment your employee sends them. Books stay sparkling clean, stress melts away – Fyle's got your back (and sanity).

Expense Tracking Made Easy

Fyle's intuitive dashboards unveil employee spending in real-time, letting you spot trends, make data-driven decisions, and budget like a boss.  No more flying blind, Fyle's your financial foresight superpower.

Fraud? Not When Fyle’s Around

The combination of single-use virtual cards and instant spend alerts ensure the bad guys stay out. You can sleep soundly, knowing that your finances are protected; even your physical card number is hidden, ensuring an additoinal layer of security.  

FAQs

How Does Fyle’s Integration With Amex Business Credit Cards Work?

Fyle’s integration with Amex lets you connect to American Express Business Cards, allowing you to issue virtual cards directly. 

What Is A Virtual Card?

A virtual card is like a physical card that’s generated in a digital format with a unique credit card number that’s linked to the account holder’s line of credit. 

A user can enter this card number upon online checkout instead of their physical card number, and the transaction will show up on their account statement just as if their physical card was used for the purchase. 

How Many Virtual Cards Can Be Created On A Basic Amex Business Credit Card?

Virtual cards can be issued as needed. There is no limit. 

Are Virtual Cards Secure For Transactions?

Yes. The physical card details are never shared with a merchant when a virtual card is used for a purchase. This enhances security for the cards and ensures there’s no exposure to fraudulent activities.  

Do I Still Get Reward Points On Virtual Card Spend?

Yes. However, the rewards are not generated against the virtual card itself rather all benefits go to the funding card enrolled with Amex. 

Conclusion

Ditch the lengthy spreadsheets and manual receipt tracking. Fyle unlocks your Amex Business Cards' true potential. Manage expenses, automate the mundane, and gain real-time financial superpowers – all in one place.  Ready to unleash the beast? Demo Fyle today and watch your Amex roar!