Advanta Platinum Business Credit Card with Rewards Review

The Advanta Platinum Business Card with Rewards is a business credit card that allows you to choose between a cash rewards program and a business rewards card. What makes this card even more special is its low APR at the prime rate minus 0.26%-7.99% along with one of the best business transfer deals available on the market. The day you open your account, you get a 0% introductory APR on your balance transfer for the first fifteen billing cycles and you don’t even have to pay any annual fees, not even for your additional employee cards, if any. any financial charges. , it’s just $1. The APR on the Advanta Platinum Business Rewards Card is probably the lowest APR for any business credit card and the balance transfer agreement is also the longest of any business credit card available.

With the Advanta Platinum Business Card with Rewards, you can choose between a cash back and a rewards program. If you choose the cash back program, the Advanta Platinum Business Card with Rewards gives you 5% back on purchases of gasoline or diesel, computers, computer supplies, electronics and office supplies, utilities and telecommunications, and you also get a 1% cash back on other purchases.

In fact, you can earn up to $300 in rebates annually. If you want to try the rewards program, you can earn one point for every dollar you spend on purchases. You can redeem your points for travel and shopping rewards, and unlike the cash back program, you have the advantage of earning unlimited points that are good for 36 months. If you can accumulate 25,000 points, you are awarded a free round-trip ticket within the continental US.

To apply for the Advanta Platinum Business Card with Rewards, all you need is good credit and if your FICO score is close to or higher than 782, your chances of being approved are excellent. With the Advanta Platinum Business Card with Rewards, depending on your solvency, you can obtain a credit limit of up to $50,000 and special discounts of up to 25% at companies such as IBM and Ramada Inn. It also gives you a 20-day grace period from the statement closing date, if the new balance is paid in full in the manner and at the time of day on the due date shown on the statement. of account.

While your balance transfer fee during the introductory period is 3% with a minimum of $5 and a maximum of $50.00, your cash advance fee is around 3% with a minimum of $5. You have to pay a late payment fee of $15 to $39 depending on your balance, the overlimit fee structure is the same as well. With the Advanta Platinum Business Card with Rewards, you must pay a Returned Payment Fee, a Returned Convenience Check Fee, a Convenience Check Stop Payment Fee, and a Balance Transfer Cancellation Fee of $29 each.

You must also pay the $15 wire transfer payment fee, a 3% foreign transaction fee, and a $35 annual program fee if you select the Business Rewards Program. You can select your payment due date and also the week and you can pay the invoice cost fee online thus saving time and money. You can also get account access online to help you manage your account. You can get online statements that can be downloaded to Microsoft Money, QuickBooks or Quicken, as well as management reports.

The Advanta Platinum Business Card with Rewards gives you free major rental vehicle insurance, automatic theft and damage protection, and extended warranty coverage. With the Advanta Platinum Merchant Card with Rewards, you get one of the lowest rates in credit card processing as they have partnered with Express Merchant Processing Solutions (EMPS) and offer you a rate of 1.64% plus $0, 25 per transaction.

So, with the Advanta Platinum Business Card with Rewards, you choose $0 fraud liability, plus choose to design your business card personalized with your business name, and also get personalized business checks.