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Advanta Platinum 90-Day Interest Free BusinessCard Review
Issued by Advanta
  
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Overall Rating:
Benefit Rating:
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The Advanta Platinum 90-Day Interest Free BusinessCard is a good option for people with very good credit who are looking to manage all their business expenses on one credit card account.
Business card accountholders will have access to a rewards program where one point is awarded for every dollar spent. Rewards can then be redeemed for travel, gift certificates, and merchandise. Rewards can also be redeemed for $50 checks when an account reaches a minimum of 15,000 points. Cardmembers may participate only if their account is in good standing.
There is no limit to the number of points cardholders may earn, but points do expire 36 months after being issued.
Perhaps the greatest benefit of carrying this card is that accountholders will have 90 days interest free on all new purchases. This is not a promotional offer, and comes standard with all approved accounts.
Accountholders will have access to their account 24/7 and will have access to convenient business benefits such as free employee cards and discounts on services including car rentals.
For a business card, the interest rates for purchases and cash advances (which are the same) are slightly higher than the average. Also, the interest rates are based on the highest Prime Rate offered over a 90-day period which may mean higher rates for a longer stretch of time.
Business card applicants who plan on avoiding finance changes by paying their monthly statement in full and who plan on taking
advantage of the reward program will benefit the most from the Advanta Platinum 90-Day Interest Free BusinessCard.
Business card accountholders will have access to a rewards program where one point is awarded for every dollar spent. Rewards can then be redeemed for travel, gift certificates, and merchandise. Rewards can also be redeemed for $50 checks when an account reaches a minimum of 15,000 points. Cardmembers may participate only if their account is in good standing.
There is no limit to the number of points cardholders may earn, but points do expire 36 months after being issued.
Perhaps the greatest benefit of carrying this card is that accountholders will have 90 days interest free on all new purchases. This is not a promotional offer, and comes standard with all approved accounts.
Accountholders will have access to their account 24/7 and will have access to convenient business benefits such as free employee cards and discounts on services including car rentals.
For a business card, the interest rates for purchases and cash advances (which are the same) are slightly higher than the average. Also, the interest rates are based on the highest Prime Rate offered over a 90-day period which may mean higher rates for a longer stretch of time.
Business card applicants who plan on avoiding finance changes by paying their monthly statement in full and who plan on taking
advantage of the reward program will benefit the most from the Advanta Platinum 90-Day Interest Free BusinessCard.
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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No Introductory Rate Available |
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Additional Intro Details:
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n/app |
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Purchase APR:
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15.99% (Variable) |
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Cash APR:
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19.99% (Variable) |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| 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 |
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Balance Transfer Fee:
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None |
| 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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Accountholders may redeem points for travel, certificates, checks in $50 increments, and merchandise. |
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Expiration:
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Points expire 36 months after they are earned. |
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Yearly Limit:
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No |
| Features | |
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Most Attractive Feature(s):
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| Reward program; 90 days interest free for purchases; no annual fee | |
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Least Attractive Feature(s):
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| No introductory offer; 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 related account services. Access to discounts and offers. No-Fee employee cards. $0 fraud liability. See website for additional benefits. |
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Important Notations
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| See website for complete terms and conditions of card usage and application disclosure. | |
