Review of Advanta Platinum Business Card with Rewards



The Advanta Platinum Business Card with Rewards was last reviewed on : 25th March 2006



advanta platinum business card with rewards
Summary - The Advanta Platinum Business Card with Rewards is a business credit card that gives you a choice between a cash rebate program and a business reward program.

The cash rebate program has no annual fee. You earn 5% rebate for gasoline and diesal purchases, computers, computer supplies, electronics and office supplies, utilities and telecommunications. You earn 1% rebate on other purchases. You can earn up to $300 in annual rebates.

In you choose to earn rewards, you earn one point for every dollar spent on purchases. Points can be redeemed for travel and shopping rewards. Unlike the cash rebate program, you can earn unlimited points. Points are valid for 36 months (3 years).

The Advanta Platinum Business Card with Rewards has no annual fee for both the main card and additional employee cards. The apr is a fixed rate at 7.99%. You also get a 0% apr on both purchases and balance transfers for 15 billing cycles. This is possibly the lowest apr for any business credit card and the 15 months of 0% apr is also the longest of any credit card available.

You also get other benefits like free online account management and detailed statements. You can get a credit limit of up to $50,000.

Verdict - The Advanta Platinum Business Card with Rewards gives business owners a choice between a cash rebate and travel reward program that lets you earn unlimited points. You also get a low apr and a generous 0% apr for 15 billing cycles. A small business owner should give this credit card a look.

Positives
  • No annual fee
  • Low APR
  • Choice of cash rebate program or travel reward program
  • Earn unlimited points
  • No additional card fee
  • 25 day grace period for purchases





Advanta Platinum Business Card
Rewards
Rebate Formula Earn 5% rebate on eligible business purchases, which includes gasoline and diesal purchases, computers, computer supplies, electronics and office supplies, utilities and telecommunications
Earn 1% rebate from other purchases
Caps on Rebates $300
Business Reward Formula Earn 1 point for every dollar spent on purchases
Caps on Points Earn unlimited points
Points Expiry 36 months
Benefits
Free Online Account Management
Detailed Expense Management Report
Cost/Fees/Interest rates
Introductory rate 0% introductory APR for balance transfers for 15 billing period
Annual Fee No annual fee
Purchase APR 7.99%
Balance Transfer APR 7.99%
Cash Advance APR 7.99% or 19.99%
Penalty/Default Rate APR The higher of account apr plus 3% or Prime Rate plus 22.74%
Min Finance Charge $1.00
Grace Period 20 days
Balance Calculation Method
Balance Transfer Fee 3% min $5.00, max $50.00 (during introductory period)
Cash Advance Fee 3% min $5.00
Convenience Check Cash Advance fee 3% min $5.00, max $50.00
Over-the-credit-limit fee $15.00 - less than $501.00
$29.00- between $501.00 and 1,001.00
$39.00 balances over $1,001.00
Late Payment fee $15.00 - less than $101.00
$29.00- between $101.00 and 1,001.00
$39.00 balances over $1,001.00



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