Best of

Best Charge Cards of April 2020

NerdWalletMarch 26, 2020

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

NerdWallet's Best Charge Cards of April 2020

Our pick for

Business travel

The Business Platinum® Card from American Express OPEN Credit Card

on American Express's website, or call (866) 512-6673

Rates & Fees
Annual Fee

$595

Regular APR

N/A

Intro APR

N/A

Recommended Credit Score
If you travel and spend a lot for business, The Business Platinum Card® from American Express makes life on the road not only comfortable but rewarding, too. 

Pros

Start with the welcome offer: Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership. Terms apply. Earn 5 points per dollar on flights and prepaid hotels on amextravel.com; 1.5 points per dollar on purchases of $5,000 or more; and 1 point per dollar on other purchases. When you use Pay with Points for all or part of an eligible flight, you get 35% of those points back. You'll receive an annual $200 airline fee credit and access to hundreds of airport lounges, plus other benefits. Terms apply.

Cons

There's a high annual fee ($595) and a high spending requirement for the welcome bonus. American Express cards are less widely accepted than Visa and Mastercard.
  • Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Terms Apply
  • View Rates and Fees

Our pick for

Flexible business financing

American Express Plum Card Credit Card

on American Express's website, or call (866) 512-6673

Rates & Fees
Annual Fee

$0 intro for the first year, then $250

Regular APR

N/A

Intro APR

N/A

Recommended Credit Score
The value offered by The Plum Card® from American Express doesn't come in the form of rewards or perks. Rather, it provides cash-flow flexibility to businesses with large expenses.

Pros

This card offers both a discount for paying early and extra time to pay without interest. Here's how it works: When your monthly statement period closes, you'll have a minimum amount due. Pay at least that much within 10 days of the closing date, and you'll get a discount of 1.5% of the amount you paid. (The discount appears as a credit on your next statement.) As long as you pay the minimum by your due date, you'll have up to 60 days to pay the rest of your balance interest-free. Terms apply.

Cons

There's an annual fee of $0 intro for the first year, then $250. Unlike with the other cards listed here, you can't earn rewards or a bonus to offset that cost. However, the fee is a tax-deductible business expense — and if you make early payments of about $16,700 in a year, you'll cover the fee.
  • Paying early pays off: Get a 1.5% discount when you pay early, with no cap on what you can earn back.
  • Take up to 60 days to pay with no interest, if you pay your minimum due.
  • Use the power of the Plum Card to buy big for your business.
  • No Foreign Transaction Fees.
  • Introductory annual fee of $0 for the first year, then $250
  • Terms & Restrictions Apply.
  • View Rates and Fees

To view rates and fees of the The Platinum Card® from American Express, please visit this page.To view rates and fees of the American Express® Gold Card, please visit this page.

To view rates and fees of the The Business Platinum Card® from American Express, please visit this page.

To view rates and fees of the The Plum Card® from American Express, please visit this page.

Last updated on March 26, 2020

Methodology

NerdWallet's credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.