The Advanta Platinum Business Card was last reviewed on 25th March 2007
Summary - The Advanta Platinum Business Card is a basic no-frills credit card that will appeal to the small business owner who is either looking for a low interest rate business credit card, or for a credit card to transfer balance. Find out more about this card.
Fees and Rates - There is no annual fee for both the main cardholder and business employees. The apr is at prime rate plus 5.99%. You get an introductory 0% APR for 12 months on both purchases and balance transfers.
Online Account Management - Advanta cardholders get benefits like free online account management, and detailed expense reports. Statements can be downloaded to Microsoft Money, QuickBooks or Quicken. Limits on employees cards can be set individually. You can get a credit line of up to $50,000.
Conclusion - The Advanta Platinum BusinessCard will appeal to the small business owner who is either looking for a basic low interest rate business credit card, a card to transfer a balance, or a 0% apr offer for purchase for some capital expenditure needs.
Positives
No annual feeLow APRGood 0% apr introductory deal
| 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 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 $250.00
$39.00 balances over $250 |
Apply for the Advanta Platinum BusinessCard
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