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Advanta Customizable Platinum BusinessCard with Unlimited Rewards Review
Issued by Advanta
  
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Overall Rating:
Benefit Rating:
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The Advanta Customizable Platinum BusinessCard with Unlimited 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 rewards program, cardholders will earn one point for every dollar they spend on purchases. Points can be redeemed for travel, gift certificates, merchandise, and checks in $50 increments once 5,000 points are earned. There is no limit on the number of points that can be earned and points will expire after three years.
Many common platinum business features can be found with this card, such as auto rental insurance, extended warranty coverage, itemized expense reports, online account access, and card personalization. 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 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, business owners 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 Customizable Platinum BusinessCard with Unlimited Rewards has to offer.
Through the rewards program, cardholders will earn one point for every dollar they spend on purchases. Points can be redeemed for travel, gift certificates, merchandise, and checks in $50 increments once 5,000 points are earned. There is no limit on the number of points that can be earned and points will expire after three years.
Many common platinum business features can be found with this card, such as auto rental insurance, extended warranty coverage, itemized expense reports, online account access, and card personalization. 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 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, business owners 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 Customizable Platinum BusinessCard with Unlimited Rewards has to offer.
Review Date: November 03, 2008
Note: The review on this card was updated on November 03, 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):
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0% APR for 15 Months |
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Intro Applied Towards:
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Balance Transfers |
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Additional Intro Details:
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A 0% introductory rate is available on balance transfers for 15 months if a transfer is submitted during the application process. The APR for balance transfers after the introductory period will be a fixed rate of 7.99%. |
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Purchase APR:
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7.99% (Variable) |
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Cash APR:
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19.99% (Variable) |
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Finance Configuration:
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n/a |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Grace Period:
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n/a |
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Over the Limit Fee:
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$15 on balances up to $501; $29 on balances of $501 up to $1,001; and $39 on balances over $1,001 |
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Cash Advance Fee:
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3%, $5 minimum ($50 maximum for convenience checks) |
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Balance Transfer Fee:
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3%, $5 minimum, $90 maximum (with this introductory offer) |
| Credit Card Reward Program Details (Point) | |
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Points Per Dollar:
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1 Point |
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Point Details:
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Points can be redeemed for travel, gift certificates, merchandise, and checks in $50 increments. |
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Expiration:
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3 Years |
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Yearly Limit:
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No |
| Features | |
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Most Attractive Feature(s):
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| No annual fee; discounts on various products and services; choice of travel rewards or cash back program. | |
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Least Attractive Feature(s):
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| APRs are based on the highest Prime Rate over a 90-day period. | |
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Additional Features:
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| 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. |
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Important Notations
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| 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 APR for cash advances varies according to the applicant's credit history and will be either 19.99, 24.99%, or 29.99%. See website for complete terms and conditions of card usage and application disclosure. |
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