The Advanta Platinum with Rewards Customized BusinessCard, 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 rebate program, cardholders will receive a bonus rebate of up to 5% on qualifying net purchases in the following categories: gasoline and diesel fuel; computers, computer supplies, electronics, and office supplies; utilities and telecommunications; and online advertising services. The amount of rebates earned on all other purchases is based on the following scale: .25% on up to $3,000 in purchases; .5% between $3,001 and $5,000; .75% between $5,001 and $15,000; 1% on purchases over $15,000. Cardholders will receive a $50 check following any billing cycle in which their unpaid earned rewards reach $50. There is no limit on the number of rebates that can be earned.
Cardholders may also choose the travel rewards program, which allows them to earn one point for every dollar spent on all purchases made with the card. Points can be redeemed for various travel rewards or Advanta bonus cards. There is no yearly limit to the number of points that can be earned; however, points do expire in three years. Both programs are free.
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 an attractive long term 0% introductory rate on balance transfers. This card also has a very 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 Platinum with Rewards Customized BusinessCard has to offer.
This review was updated 2008-05-14T00:00:00.0000000-07:00
| Type Of Rewards: |
Rebate |
| Reward Program Optional: |
No |
|
Optional programs may have a fee. See Data for details. |
For Cards with Cash Back Incentives
| Lowest Possible Rebate: |
.25% |
| Highest Possible Rebate: |
5% |
| Additional Rebates: |
Cardholders will earn bonus rebates in their choice of one of the following categories: "gasoline and diesel fuel; computers, computer supplies, electronics, and office supplies; utilities and telecommunications; and online advertising services." The amount earned is based on the following scale: 5% on up to $1,200 in purchases; and 1% on purchases over $1,200. |
| Rebate Details: |
The amount of rebates earned on all other purchases is based on the following scale: .25% on up to $3,000 in purchases; .5% between $3,001 and $5,000; .75% between $5,001 and $15,000; 1% on purchases over $15,000. Rebate checks are automatically issued when the cardholder reaches $50 in earned rebates. |
For Cards with Point Incentives
| Points Per Dollar Spent: |
1 Point |
| Additional Points: |
None |
| Point Details: |
Points can be redeemed for travel, gift certificates, merchandise, or Advanta bonus cards. |
For Cards with Airline Incentives
| Miles Per Dollar Spent: |
n/app |
| Additional Miles: |
n/app |
| Program Details: |
n/app |
Rewards Expiration Period: None
Annual Limit: None
Additional Credit Card Perks
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.
Special Notations about the Advanta Platinum with Rewards Customized BusinessCard
Cardholders can only enroll in either the cash back rebate program or the travel rewards program.
The APR for cash advances varies according to the applicant's credit history and will be either 7.99% or 19.99%.
The minimum APR for the Prime Rate is 6.0%.
See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's Data before applying!
