Introduction
Business owners have the difficult task of determining which payment methods to accept and which payment options to offer their customers. One of the most popular choices is the American Express Blue Business Plus credit card, which provides many benefits for businesses of all sizes. But how does it compare to cash?
Advantages of using the American Express Blue Business Plus
The American Express Blue Business Plus card offers a range of benefits to businesses, including cashback rewards, free airport lounge access, and an easy-to-use online platform. These benefits can help businesses save money and make it easier to manage expenses. The card also offers a range of additional features, such as Travel Accident Insurance, Car Rental Loss & Damage Insurance, and more. Additionally, the card has no annual fee and offers a 0% introductory APR for the first 15 months.
Drawbacks of using the American Express Blue Business Plus
The American Express Blue Business Plus card is not without its drawbacks. The card comes with a rather high APR after the introductory period and also requires good credit for approval. Additionally, the card does not offer any rewards for business purchases, which can be a deterrent for many businesses. Lastly, the card does not offer any fraud protection or customer service options, which can be an issue for businesses.
Advantages of using Cash
Cash is one of the simplest and most reliable forms of payment. It is accepted everywhere, has no annual fee and no credit check is required. Additionally, cash can be used to make both small and large purchases and is easy to track and manage. Additionally, cash is safe and secure, as it cannot be lost or stolen like a credit card can. Lastly, cash is accepted virtually everywhere, meaning businesses can accept payments from customers in any country or currency.
Drawbacks of using Cash
Cash has its drawbacks as well. Cash can be lost or stolen and is not as secure as other forms of payment. Additionally, it can be difficult to track and manage expenses when using cash. Lastly, cash does not offer any rewards or benefits, such as cashback or travel points.
Conclusion
The American Express Blue Business Plus card has many advantages for businesses, but it also has quite a few drawbacks. Cash is a simpler form of payment and is accepted everywhere, but it does not offer any rewards or benefits. Ultimately, the choice of which payment method to use is up to the business owner and should be based on their individual needs and preferences.
Closing Message
Choosing the right payment option for your business can be a difficult decision. It is important to weigh the pros and cons of each option and determine which one best fits your business's needs. We hope this article has been helpful in giving you an informed decision on whether to use the American Express Blue Business Plus card or cash.