Advanta Business World MasterCard®

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At a Glance:

  • Issuer: Advanta
  • Intro APR: Intro Rate Not Available
  • Regular APR: 16.99%
  • APR Type: Variable APR
  • Annual Fee: $0
  • Application Fee: $0
Link to Application

Review:

The Advanta Business World MasterCard® is for business card applicants with excellent credit and offers the convenience of one account for all business purchases. Through the rewards program, accountholders will earn one point for every dollar spent on purchases. Accountholders will be eligible to redeem rewards after earning a minimum of 5,000 points. Rewards include travel, gift certificates, merchandise, and cash (in $50 increments). As long as the account is open, rewards will never expire and there are no limits on the amount of rewards that can be earned. At the end of every twelve months, accounts in good standing will receive bonus points to the tune of 50% of the amount of points accrued during that year. Accountholders can enjoy additional benefits that include 24/7 account access, no-fee employee cards, and discounts on services. The interest rates for both purchases and cash advances are both high for a business card. Also, the rates are dependent on the highest Prime Rate available over a three-month time-period. There is no introductory offer with this card. Business owners who are seeking out a better way to separate businesss purchases from non-business purchases and who plan on paying their monthly bill in full will find the Advanta Business World MasterCard® a great option.

Rates and Fees:

  • Introductory Rates: The Advanta Business World MasterCard® does not have an introductory rate, please see below for nominal rates.
  • Purchase APR: The APR for purchases is 16.99%. Please note that this card does not have an introductory rate. Please also note that this APR is variable.
  • Cash Advance APR: The cash advance APR is 19.99%. Please note that the introductory rate does not apply to cash advances and that the cash advance APR for this particular card is variable. Please also note that the cash advance fee is 3%, $5 minimum.
  • APR Type: The APR on purchases for this card is variable and the APR on cash advances for this card is also variable. A fixed APR means that it is guaranteed for the life of the credit card and a variable APR means that it could change according to market conditions.
  • Balance Transfer Fee: This card does not charge an extra fee for balance transfers at this time. However, this policy may change in the future. Please contact card services if you plan on making balance transfers in the future.
  • Annual Fee: The annual fee is $0.
  • Payment Grace Period: Grace periods are not applicable to this card. Please see terms and conditions for payment details.
  • Late Payment Fee: The fee for a late payment is $19 if balance is less than $250; $39 if balance is $250 or more.
  • Over-The-Limit Fee: There is no over-the-limit fee.
  • Application Fee: There is no application fee.

Rewards:

  • You will earn Points for using this card.
  • For every dollar you spend, you will earn 1 point.
  • Accountholders may redeem points for travel, certificates, checks in $50 increments, and merchandise.
  • What's the expiration policy for miles? none
  • Is there a yearly point limit? none
  • after every twelve months, 50% of the points earned during the year will be rewarded as bonus points.

Card Features and Perks:

  • Various Internet related account services.
  • Access to discounts and offers.
  • No-Fee employee cards.
  • $0 fraud liability.
  • Details and more benefits and perks can be found at the card's website.