Platinum BusinessCard with Unlimited Rewards

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At a Glance:

  • Issuer: Advanta
  • Intro APR: 0%
  • Regular APR: 7.99%
  • APR Type: Variable APR
  • Annual Fee: $0
  • Application Fee: $0
Link to Application

Review:

The Platinum BusinessCard with Unlimited Rewards, 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 for business purchases. Through the rewards program, cardholders will earn one point for every dollar they spend on purchases. Points may be redeemed for travel, gift certificates, merchandise, and checks in $50 increments once 5,000 points are earned. There is no limit on the number of points that can be earned and points will expire after three years. Many common platinum business features can be found with this card, such as auto rental insurance, extended warranty coverage, itemized expense reports, and online account access. Card users are also offered discounts on various products and services from numerous retailers and merchants.a The card has no annual fee and has an attractive long term 0% introductory rate on balance transfers. This card also has a very reasonably 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, individuals 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 Platinum BusinessCard with Unlimited Rewards has to offer.

Rates and Fees:

  • Introductory Rates: The Platinum BusinessCard with Unlimited Rewards has an introductory rate of 0%, which applies to balance transfers and is effective for up to 15 months.
  • Purchase APR: After 15 months, when the introductory rate ends, the APR for purchases will be 7.99%. 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 ($50 maximum for convenience checks).
  • 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: Currently, there is a free introductory balance transfer offer for this credit card. After the introductory period, each balance transfer will be charged a fee equal to 3% of the balance being transferred, with a minimum charge of $5 and a maximum charge of $90.
  • Annual Fee: The annual fee is $0.
  • Payment Grace Period: The grace period for this credit card is 20 Days . This means you have 20 days to pay for your purchase before interest accrues.
  • 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: The fee for spending over this card's limit is $15 on balances up to $501; $29 on balances of $501 up to $1,001; and $39 on balances over $1,001.
  • 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.
  • Points may be redeemed for travel, pre-paid bonus cards, gift certificates, checks in $50 increments, or merchandise.
  • What's the expiration policy for miles? 3 years
  • Is there a yearly point limit? none

Card Features and Perks:

  • Full Featured Online account management tools.
  • Customized business design.
  • Customized business checks.
  • Personalized billing date.
  • Online statements and management reports.
  • Complimentary car rental insurance.
  • Don't worry. Merchandise purchased with credit card will be automatically insured.
  • Up to double the warranty on merchandise bought with card.
  • Receive valuable discounts on products and services found at countless websites and stores.
  • Compatible with Quicken® and Microsoft Money® software.
  • Gain access to generous rebae or travel rewards program.
  • Details and more benefits and perks can be found at the card's website.