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Advanta
credit cards are offered solely to business customers. Below
are reviews of the three main Advanta business credit cards
that can be requested via online applications, with the specific
features and benefits that can help you decide which is right
for your business needs:
(If
you'd like to compare Advanta business credit cards with other
business credit cards from other issuers, use the category links
on the left side of this page.)
Advanta
Platinum BusinessCard with Rewards
- Probably
the most popular of the Advanta credit cards due to its low
interest rate and generous rewards program, this card offers
a variable rate of (Prime Rate + 1.99%), which works out to
6.99% as of May 23, 2008. In
addition, this Advanta business credit card offers a 0% rate
on balance transfers from other credit cards for the first 15
billing cycles after you are approved.
It also
offers a reward program that lets you choose between (1) a cash
back rebate on your card purchases of 5% on gasoline and diesel
fuel, computers, computer supplies, electronics and office supplies,
and utilities and telecommunications items, or (2) a travel
rewards points program. There is no limit on the amount of rewards
you can earn.
There is no annual fee for this or any of the Advanta business
credit cards profiled here.
Advanta
Platinum BusinessCard
- The biggest strength of the Advanta Platinum credit card is
that it offers a 0% introductory rate for both purchases and
balance transfers for the first 12 months. Obviously this would
be very attractive to start-up businesses or other business
owners who would like access to free money for a year. Depending
on the strength of your business credit, you could be approved
for a credit line of up to $50,000.
After
the first year of 0% interest, any balances on this card are
charged interest at a rate of (Prime Rate + 5.99%), or 10.99%
as of May 23, 2008. There is no annual fee.
Advanta
Life-Of-Balance Platinum Card -
This Advanta credit card is probably best for businesses that
want a place to park a long-term debt at a very low rate--any
balance you transfer to this card within the first three months
you have it will be charged interest at only a 2.99% rate, for
the life of that balance. There is no fee for balance transfers
with this card offer.
This
Advanta card offers a very competitive interest rate of (Prime
Rate + 3.99%), or 8.99% as of May 23, 2008. There is no annual
fee.
This
Advanta credit card also offers a rewards program that allows
you to earn cash back or travel rewards. See the terms and conditions
attached to the card's application for the exact rewards formula.
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