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In addition to offering some of the most renowned charge cards for business, American Express has two additional choices in business cards: The Plum Card and SimplyCash Business Card. Both of these are quality offerings and could be the best business card for you depending on your business income level, number of employees, monthly expenses, and what you spend your money on.

Let’s take a look at the key features of each business card from American Express.

The Plum Card® from American Express OPEN

The Plum business card bridges the gap between a charge card, where the full balance is due monthly, and a credit card with revolving payment terms. The Plum card offers trade terms of Net-60. You can either pay your balance in full within 10 days of your statement closing date and receive a 1.5% discount, or take up to two months to pay the full balance with no interest.

The Plum card also lets you choose when your billing cycle ends, so you can set dates that coincide with cash flow into your company.

The Plum card carries a $185 annual fee, waived the first year. Th

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Tags: Business Card, Card, Simplycash Business, Simplycash Business Card

The U.S. Bank Secured Visa credit card lets you have a credit limit between $500 and $5,000. Of course, that’s based on your ability to make a $5,000 security deposit. Compared to other credit cards, it has a low annual fee and will convert you to an unsecured credit card in a year, if you manage your credit card.

Tags: Bank Secured, Bank Secured Visa, Card, Secured Visa

GeniusWave has created a new travel and utility app for mobile phones called Location Finder for Travel Cards. The benefit of this particular app is that it helps credit card users who are enrolled in various travel rewards programs find participating merchants who also participate in those rewards programs.

Sometimes if you eat in a particular restaurant, for example, you can earn extra rewards points with your card – and this app helps you find those more “rewarding” eateries. The same applies to hotels, stores, car rental agencies, and other kinds of businesses that participate in rewards programs. The new Location Finder uses the phones GPS functionality to give a list of businesses in their immediate area to earn and use their rewards. The Location Finder delivers the list of retailers as well as map access to help cardholders get to those places.

More than 1700 programs and cards are supported by the program. Cards and data are protected with pass code access and advanced security features, including online backup with Cloud Sync and data purge if a phone is lost or stolen.

Tags: Card, Credit Card

A study released on Tuesday from the Pew Charitable Trusts says that credit card late payment fees have declined and interest rates have stabilized thanks to the credit card legislation. While the study notes that the changes occurred two years after the legislation was signed, this could mean the law has truly made an impact.

Credit Card Act Has Made a Difference

The study, which examined about 300 consumer credit cards offered via the internet by the 12 largest banks and credit unions from March 2010 to Jan. 2011, shows that a number of positive changes have occurred as a result of the Credit CARD Act.

One major change is that charges for late payments on U.S bank-issued cards decreased from a median of $39 to a range of $25 to $35. How

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Tags: Card, Credit Card, Interest Rates

It can often be easy for credit card holders to push the interest rates that they will end up paying to the back of their mind, so that they don’t have to feel guilty about making a purchase. Yet, the fact is that credit cards are expensive and any borrower who knows how to add up exactly how much their Visa or Mastercard is costing them, including the interest and fees, is going to be ahead of the game, and make better informed buying decisions.

The first type of cost that consumers should consider is their annual fee. This is usually a small, token amount, but should not be overlooked. A $99 a year annual fee still costs the card holder $1200 every ten years, which should be considered against the card that does not charge an annual fee at all. While it may not be possible to avoid the annual fee altogether, consumers should make informed choices as to whether or not they are getting some benefit by staying with the same credit card if they are paying a high annual fee, and consider switching if they are not.

Consumers should also consider the interest that they will be charged. Fo

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Tags: Card, Credit Card