Review of Advanta Platinum Business Card





The Advanta Platinum Business Card was last reviewed on : 27th March 2006



advanta platinum business card


Summary - The Advanta Platinum Business Card is a basic no-frills credit card. You can customize the card with your business name.

There is no annual fee, and the APR is low at Prime Rate plus 5.99%. You get an introductory 0% APR for 12 months on both purchases and balance transfers (a balance transfer applies during the introductory period).

In addition, you get benefits like free online account management, and detailed expense reports. You can get a credit line of up to $50,000.

ConclusionIf you are looking for a simple no-frills, low cost business credit card, then the Advanta Platinum BusinessCard will fit the fill.

Positives
  • No annual fee
  • Low APR
  • 25 day grace period for purchases


Negatives
  • No rewards



Advanta Platinum Business Card
Benefits
Free Online Account Management
Detailed Expense Management Report
Cost/Fees/Interest rates
Introductory rate 0% introductory APR on purchases and balance transfers for 12 billing period
Annual Fee No annual fee
Purchase APR Prime Rate plus 5.99%
Balance Transfer APR Prime Rate plus 5.99%
Cash Advance APR 5.99%
Penalty/Default Rate APR The higher of account apr plus 3% or Prime Rate plus 17.99%)
Min Finance Charge $1.00
Grace Period 25 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 $101.00
$29.00- between $101.00 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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