Having a business means that one is bound to face some issues, that is why having a good financial app can mean a great deal. The Blue Business Plus Credit Card from American Express has all that business people require in terms of freedom, incentives, and help. 

An inviting sign-up bonus as well as detailed resources for managing necessary expenses make this card versatile and designed with today’s struggling business owners in mind. Now let us discuss more in details the factors that make the card is suitable for a business person.

Main features of the Blue Business Plus Credit Card 

This credit card is issued by American Express; hence, this credit card’s reputation for outstanding customer service and a strong reward system. This card is for small business persons or self-employed persons who are in need of a credit card with massive reward and free from the annual fees hustle. 

As is usual with most of the credit cards, one of the most notable aspects is the rewards program. Businesses with large expenses will benefit from this card since cardholders receive 2X Membership Rewards points on spending the first $50,000 on purchases each year.

Understanding the annual fee 

The main reason made out of the Blue Business Plus Credit Card is its relative appetizing since it has no annual fee. This means you can enjoy all the benefits without worrying about additional costs. It’s a straightforward, budget-friendly option for businesses of all sizes.

Deciphering credit limits

This card has no preset spending limit and the amount that one can spend on the Blue Business Plus Credit Card is computed using American Express’s Expanded Buying Power that allows for an additional spending above the credit limit. 

This means that the superior sum that one can spend on the credit limit changes according to the usage of the credit card, the performance record and credit history, financial situations and other transactions that may be familiar to the American Express.

Advantages of the Blue Business Plus Credit Card

• 2X Membership Rewards Points: Get double points on regular purchases in the first $50,000 in a calendar year.
• 1X Membership Rewards Points: Get 1x Point per $1 spent on all other purchases.
• No Annual Fee: While the perks are the same, at least here you don’t have to pay for the privilege every year.

Standout advantage

Certainly, one of the greatest strengths of the Blue Business Plus Credit Card is that it is very versatile especially when it comes to the Expanded Buying Power. This benefit lets the business owners to purchase items that are beyond their credit limit depending on their spending patterns and credit repayment capability. 

Addressing potential drawbacks

• APR Rates: For the initial few months or year, the rate of interest is 0% INT and afterwards, the variable rate can indeed be considerably high, starting from 18%. 49% to 26. 49%.
• Limited Rewards Categories: On general spending, this card provides 2X points, but there is no increased earn rate in some popular spendings like travel and dining.
• Over-Limit Spending: The expanded buying power is useful; however, like most concepts, it is not boundless and is surrounded by factors that restrict its usage.

Standout disadvantage

The main weakness of the Blue Business Plus Credit Card is the comparatively high variable APR after the charm of 0% initial intro rate. The card has a 0% introductory APR on purchases for the first 12 months but the APR which is at a variable rate can go up to 18. 49% to 26. 49% thereafter.

Eligibility criteria 

The Blue Business Plus Credit Card is offered to small business persons and self-employed individuals. Lenders also consider credit score of applicants, and good to excellent credit scores should be provided and a business or steady income proven. Business credit score, existing financial position of the business are the criteria to qualify for a business loan at American Express. 

It is helpful for the applicants to submit the necessary materials as true and inclusive of basic business performance and financial status for the lenders to agree to the applicants’ applications. This card is good for the business owners who in return are anticipating for a financial instrument that will allow them to grow their business.

How to apply for the Blue Business Plus Credit Card

American Express gives applicants different ways to apply for the card: online, through the mobile application, or face-to-face. To better understand how you can get this card and start using all the offers, let’s look at some options.

Via website

There is an easy way to apply for the Blue Business Plus Credit Card Visit the official website of the American Express for that. All you have to do therefore is go to the American Express website and to the Blue Business Plus Credit Card page. From there, one is required to complete an online application form that contains all the details about the business as well as its financial status. 

The website hand holds you through the application such that one ensures he or she is filling the application form correctly and perfectly. With this approach of applying, the second you submit the application, you can get a decision in 30 seconds at most.

Through the mobile application

Get the app from the Play Store or the App Store depending on your device, and sign in/sign up for an Amex account. From the handy application, functions such as application form, completion of business information and submission of the application can be done from the mobile. 

It also consists of the feature of tracking your application status and you can also get live update of your application. This method is preferred by all business owners especially those who are always on the move with their activities.

Through the store/branch

There are those who would rather speak to a representative, hence they can visit the American Express office to apply for the Blue Business Plus Credit Card. While engaging in business online, American Express also have physical offices, where you can get necessary help physically. 

When applying on the branch, a representative helps in the procedure and shares more information, and assists to fill the required forms. It is useful and practical as it involves also the possibility to express one’s needs for the business to an American Express specialist.