I think it means I won't get the promotional APR on online purchases, but I need to be sure as my business will require online purchases, and not getting the promo APR on those pretty flatly defeats the point. Thanks for input.
2006-08-09 11:25:24 · 3 answers · asked by agentdenim 3 in Business & Finance ➔ Credit
OK, I called American Express and they said they don't know what "plastic only" means. I've heard off this site that "plastic only" includes online purchases, because they're processed thru the same system, and this clause is meant to exclude cash advances and balance transfers only. Thoughts?
2006-08-10 10:58:36 · update #1
There are AmEx cards for small business that are Credit Cards and can carry a balance (ie. Blue). Why not take a look at http://www.open.com and see what I mean....
2006-08-11 13:45:34 · update #2
You don't get 0% on e-purchases or balance transfers. You actually have to swipe the card through the reader to get the 0%....I wouldn't go for it. My last boss had a small biz Visa that gave him great rates and extended to online. Check into it.
2006-08-09 11:30:22 · answer #1 · answered by Jonathan S 2 · 0⤊ 0⤋
This makes no sense, AMEX has to be paid of monthly. I have Amex Business, and it has to be paid of monthly. It has no APR, because its paid of monthly.
I am not sure what happens if you dont pay it off, but I made monthly payments up to $45,000 instead of finding out the penalty for not paying it off. Besides Amex business gives great rewards.I have gotten several $500 amex gift cards, and taken a 1 week trip to shop at Xmas that included flight and hotel.
Some time back I was told the merchant pays a higher fee to accept AMEX.
2006-08-11 05:36:30 · answer #2 · answered by Jacque w 3 · 0⤊ 0⤋
yep, you are correct
2006-08-09 11:29:15 · answer #3 · answered by wizardslizards 4 · 0⤊ 0⤋