Only no-annual-fee small business credit card
from a major issuer that offers 2X points with no category
restrictions, on the first $50,000 per year
American Express OPEN today announced the launch of Blue
Business Plus Credit Card. Blue Business Plus is built for
entrepreneurs working to fuel their small business, with tools to
help earn rewards on everyday purchases and manage cash flow. These
include 2X Membership Rewards® points on the first $50,000 spent
each calendar year1 and a low introductory APR on purchases and
balance transfers for up to 15 months— all backed by the service
and security of American Express, with no annual fee 2.
“In the U.S. 70 percent of small businesses generate less than
$1 million in annual revenues3. For them, every minute counts and
access to money to help fulfill big orders or make capital
purchases is critical,” said Audrey Hendley, senior vice president,
global products, American Express® Global Commercial Payments.
“Blue Business Plus is the only no-annual-fee small business credit
card from a major issuer that offers 2X points with no category
restrictions, so small business owners can be confident they are
making the smart choice for their business.”
Twice the Rewards with No Annual Fee
Blue Business Plus Credit Card offers 2X Membership Rewards
points per dollar on the first $50,000 in eligible purchases each
calendar year and 1X points thereafter1, with no rotating or fixed
category restrictions and no annual fee. Card Members have the
choice to redeem the points for travel, statement credits, gift
cards, or merchandise, and they also have the option to transfer
points to one of our participating airline or hotel loyalty
programs4.
“With so many different ways to redeem Membership Rewards
points, purchases with Blue Business Plus can become an investment
toward future growth,” says Hendley.
Tools to Help Manage Cash Flow and Fuel Growth
Opportunities
In a 2017 American Express OPEN survey of small business
owners5, more than a third of respondents said they had concerns
about cash flow over the next six months. Blue Business Plus Credit
Card can help small businesses better manage cash flow in three
ways:
- Low introductory APR: Blue
Business Plus offers a 0% introductory APR on purchases and balance
transfers for up to 15 months. After that, the APR will be 11.99% –
19.99%, based on Card Member creditworthiness and other factors.
The low intro APR can help small businesses access the credit they
need to start and grow their business, further alleviating cash
flow concerns that could arise from interest payments on balances
due.
- Expanded Buying Power: Card
Members are able to spend above their credit limit* so they can
pursue growth opportunities quickly without the hassle of making
calls or paying over limit fees. Card Members earn points on the
amount spent above their limit, which is due in full each month as
part of the minimum payment due. While the amount the small
business owner can spend beyond their credit limit varies based on
a number of factors unique to each Card Member, if a Card Member is
ever unsure whether they can use their expanded buying power to pay
for a particular purchase, they can consult the Check Spend Ability
feature in their online account or call the number on the back of
their Card.* The amount they can spend above their credit limit is
not unlimited. It adjusts with their use of the Card, their payment
history, credit record, financial resources known to us, and other
factors.
- Employee Controls: Card Members
can add Employee Cards to their account, also for no annual fee,
and get real-time alerts when employees spend outside of merchant
types that Card Members have approved such as U.S. gas stations,
U.S. shipping, and U.S. office supply stores.
Blue Business Plus Credit Card is now available to small
business owners in the U.S. To learn more information please visit:
https://www.americanexpress.com/us/small-business/credit-cards/blue-for-business/
About American Express OPEN
Through its Global Commercial Payments division, American
Express offers a suite of payment and lending products that help
businesses and organizations of all sizes gain financial savings,
control and efficiency. Global Commercial Payments provides
solutions for travel and everyday business spending, cross border
payments, global currency solutions, and business financing.
To learn more about American Express OPEN, which provides
products and services for small businesses and entrepreneurs in the
United States, visit www.OPEN.com.
About American Express
American Express is a global services company, providing
customers with access to products, insights and experiences that
enrich lives and build business success. Learn more
at americanexpress.com and connect with us
on facebook.com/americanexpress,
foursquare.com/americanexpress,
linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: charge and credit cards, business credit
cards, Plenti rewards program, travel services, gift
cards, prepaid cards, merchant
services, Accertify, corporate card, business
travel and corporate responsibility.
1. With the Blue Business Plus Card from American Express, you
can earn one Membership Rewards® point for each dollar you spend on
your Card for eligible purchases. For the first $50,000 in eligible
purchases in each calendar year you also earn one additional point
(for a total of 2 points). Eligible purchases are purchases for
goods and services minus returns and other credits. Eligible
purchases do NOT include fees or interest charges, balance
transfers, purchases of travelers checks, purchases or reloading of
prepaid cards, or purchases of other cash equivalents. Additional
terms and restrictions apply. Terms and Conditions for the
Membership Rewards® program apply. Visit
membershiprewards.com/terms for more information. Participating
partners and available rewards are subject to change without
notice.
The value of Membership Rewards points varies according to how
you choose to use them. To learn more, go to
www.membershiprewards.com/pointsinfo.
2. Annual Fee: There is no annual fee for Blue
Business(SM) Plus Credit Card. APRs: 0% intro APR on
purchases for up to 15 months of Card Membership, based on your
creditworthiness and other factors. After that, the APR will be a
variable rate based on the Prime Rate, currently 11.99% to 19.99%.
0% intro APR on balance transfers for up to 15 months of Card
Membership, based on your creditworthiness and other factors. After
that, the APR will be a variable rate based on the Prime Rate,
currently 11.99% to 19.99%. The following APRs vary based on the
Prime Rate. APR for Purchases: currently 11.99% to 19.99%, based on
your creditworthiness and other factors as determined at the time
of account opening; APR for balance transfers requested within 60
days of account opening: currently 11.99% to 19.99%, based on your
creditworthiness and other factors; Penalty APR 29.99%. Variable
rates are accurate as of 5/2/2017. The variable penalty APR will
not exceed 29.99%. Other Charges: Balance Transfer Fee:
Either $5 or 3% of the amount of each transfer, whichever is
greater. Foreign Transaction Fee: 2.7% of each transaction
after conversion to US dollars.
3. 2016 Small Business Credit Survey, United States Federal
Reserve System.
4. Enrollment in a participating Frequent Flyer or Frequent
Guest program is required. Airline tickets and guest rooms are
subject to availability. For each conversion of points into the
Frequent Flyer program of a U.S. airline, a fee of $0.0006 per
point, with a maximum fee of $99, will be charged to your Card
account. We charge this fee to offset the federal excise tax we
must pay on such conversions. The fee may be more or less than the
actual amount of the excise tax we pay on any individual
conversion. We may offer you the option to redeem points to cover
this fee.
5. American Express OPEN Small Business Monitor, conducted since
2002, is based on a nationally representative sample of 700 U.S.
small business owners/managers of companies with fewer than 100
employees. The anonymous survey was conducted via telephone by
Ebiquity March 29-April 21, 2016. The poll has a margin of error of
+/- 3.7% at the 95% level of confidence.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170525005531/en/
Felicia Mowllfelicia.a.mowll@aexp.com212.640.1709orSamantha
Coulombesamanthac@mbooth.com212-539-3272
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