The Amex Plum benefits start with $200 cash back per $10,000 spent in the first three months, up to $600 for spending $30,000. Plus, whenever you make a payment within 10 days of your statement closing date, you get a 1.5% discount on your charges. You also get several types of insurance, including travel insurance, rental car coverage, and purchase protection.
Here are the top Amex Plum benefits:
Rewards: For every $10,000 you spend in your first three months of membership, you’ll get a $200 statement credit. You can earn up to $600 this way.
Pay early or late: You’ll get a 1.5% discount on your bill when you pay within 10 days of your monthly statement being generated. And you can carry a balance for up to 60 days without paying interest. Just remember that in both cases, you have to pay at least the minimum amount required by the due date.
Travel accident insurance: You get up to $100,000 for serious injury or death while in transit when you charge a trip to your Amex Plum card.
Car rental insurance: You’re covered up to $50,000 if a car you rent with your Plum card gets damaged or stolen. Just refuse the rental company’s insurance to activate your coverage.
Purchase protection: If something you buy with your Plum card gets stolen or damaged in the first 90 days, you’re covered up to $1,000 per item. There’s an account limit of $50,000 per year.
Baggage insurance: For lost, stolen or damaged carry-on luggage, you’re covered up to $1,250. For checked baggage, it’s $500.
Roadside assistance: Amex will pay for up to four roadside dispatch calls per year. You can get up to 10 miles of towing per call as well as winching, jump starts, a tire change, locksmith services, and delivery of up to two gallons of fuel.
Extended warranty: You get up to one extra year on warranties of five years or less. There’s a limit of $10,000 per item.
Return protection: If you want to return an item you bought with your Plum card and the store won’t let you, you’re covered up to $300 per item. The maximum benefit is $1,000 per account per year.
Employee cards: Adding employees as authorized users won’t cost you extra. But you will earn rewards on the purchases employees make with their cards. Plus, you can set custom spending limits for employee cards, freeze individual cards, and receive employee spending alerts online.
Expense tracking tools: You can download the Amex Spend Manager App to keep track of receipts and manage cards from your phone. And if you have QuickBooks, you can enroll in Connect to QuickBooks. Your Plum transactions will automatically transfer to your QuickBooks every day. You also get a year-end summary of charges.
Those are the most valuable Amex Plum benefits. There are a few others, including special ticket pre-sales for entertainment and sporting events. But unlike the perks listed above, those don’t come with a clear dollar value.
Some of its benefits are: 1.5% discount when you pay early, you can take up to 60 days to pay with no interest, if you pay your minimum due, additional employee cards with no annual fee, and no foreign transaction fees.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.