The Advanta Platinum BusinessCard with Rewards, issued by Advanta, is designed for business owners who are looking to consolidate business expenses onto one credit card account and would like to earn rewards or rebates for business purchases.
Through the rebate program, cardholders will receive a 5% rebate on qualifying net purchases of gasoline and diesel fuel, computers, computer supplies, electronics, and office supplies, utilities and telecommunications, and online advertising services. A 1% rebate will be earned on all other net purchases. The amount of rebates earned on all other purchases is based on the following scale: .25% on up to $3,000 in purchases; .5% between $3,001 and $5,000; .75% between $5,001 and $15,000; 1% on purchases over $15,000. Cardholders will receive a $50 check following any billing cycle in which their unpaid earned rewards reach $50. There is no limit on the number of rebates that can be earned.
Cardholders may also choose the rewards program which allows them to earn one point for every dollar spent on all purchases made with the card. These points can be redeemed for various travel rewards or pre-paid bonus cards. There is no yearly limit to the number of points that can be earned; however, points will expire after three years. Both programs are free.
Many common platinum business features can be found with this card, such as auto rental insurance, extended warranty coverage, itemized expense reports, and online account access. Cardholders are also offered discounts on various products and services from participating retailers and merchants.
The card has no annual fee and has an attractive long term 0% introductory rate on balance transfers. This card also has a very reasonably low interest rate that applies as long as payments are up to date. Applicants should review the terms and conditions provided by the card issuer.
Therefore, individuals who may occasionally carry a balance and plan to take advantage of the additional benefits and services provided (especially the retailer and merchant discounts) will benefit most from what the Advanta Platinum BusinessCard with Rewards has to offer.
Note: The review on this card was updated on August 19, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
Credit Card Rate Details
Intro Rate (Intro APR):
0% APR for 15 Months
Intro Applied Towards:
Balance Transfers
Additional Intro Details:
A 0% introductory rate is available on balance transfers for 15 months. The APR for balance transfers after the introductory period will be a fixed rate of 7.99%.
Purchase APR:
7.99% (Variable) The APR for purchases is based on the Prime Rate.
Cash APR:
7.99% (Variable) The APR for cash advances is based on the Prime Rate.
Finance Configuration:
Average Daily Balance (including new purchases)
Credit Card Fee Details
Annual Fee:
$0
Additional Cardholders:
$0
Grace Period:
20 Days (Min.)
Late Payment Fee:
$19 if balance is less than $250; $39 if balance is $250 or more
Over the Limit Fee:
$15 on balances up to $501; $29 on balances of $501 up to $1,001; and $39 on balances over $1,001
Cash Advance Fee:
3%, $5 minimum ($50 maximum for convenience checks)
Balance Transfer Fee:
3%, $5 minimum, $90 maximum (with this introductory offer)
Maximum Credit Limit:
$50,000
Credit Card Reward Program Details (Rebate)
Points Per Dollar:
1 Point
Point Details:
Points can be redeemed for travel, pre-paid bonus cards, gift certificates, or merchandise.
Rebate Minimum:
0.25%
Rebate Maximum:
5%
Additional Rebates:
Cardholders will earn bonus rebates in their choice of one of the following categories: "gasoline and diesel fuel," "computer equipment and office supplies," "online advertising" and "utilities and telecommunications." The amount earned is based on the fo
Rebate Details:
The amount of rebates earned on all other purchases is based on the following scale: .25% on up to $3,000 in purchases; .5% between $3,001 and $5,000; .75% between $5,001 and $15,000; 1% on purchases over $15,000. Rebate checks are automatically issued wh
Expiration:
None
Yearly Limit:
None
Features
Most Attractive Feature(s):
No annual fee; discounts on various products and services; choice of travel rewards or cash back program.
Least Attractive Feature(s):
Rebate restrictions.
Additional Features:
Various Internet account related services. Personalized business design. Personalized business checks. Personalized billing date. Online statements and management reports. Auto rental insurance. Purchase protection. Extended warranty for purchases. Discounts on products and services at participating merchants and retailers. Compatible with Quicken® and Microsoft Money® software. Access to travel rewards or rebate program. See website for additional benefits.
Important Notations
Cardholders can only enroll in either the cash back rebate program or the travel rewards program. The APR is based on the highest Prime Rate during a 90-day period. The variable APR for cash advances varies according to the applicant's credit history and will be either 7.99% or 19.99%. See website for complete terms and conditions of card usage and application disclosure.
