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Advanta Life of Balance Platinum Card
Issued by Advanta
Overall Rating

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Apply Online for Advanta Life of Balance Platinum Card.
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Review
The Advanta Life of Balance Platinum Card, issued by Advanta, is designed for business owners who are looking to consolidate their business expenses onto one credit card and are interested in a cash back rewards program that can be personalized to fit their business needs.

The unique feature of this rewards program is that cardholders choose the category in which they will earn up to 6% in cash rebates. The choice of categories includes gasoline and diesel fuel, computers, computer supplies, electronics and office supplies, online advertising services, or utilities and telecommunications. Cardholders will also earn up to 1% in cash rebates for all other purchases. Rebate checks are issued each time that $50 in rebates are earned, and there is no limit on the amount of rebates that can be earned. However, the rebate percentage earned is based on a sliding scale and the highest available rebate will not be earned on all purchases. Cardholders also have the option to choose the travel rewards program. See the terms and conditions for full details.

Besides the rewards program, this card offers a 2.99% fixed APR for the life of balance transfers that are submitted within the first three months of cardmembership. This provides a great option to business owners who want to consolidate their expenses. The card also has no annual fee and a reasonably low interest rate for purchases.

It is important to note that the APRs for purchases, balance transfers, and cash advances are tied to the highest Prime Rate during a three-month period. Due to this policy, the APRs may never reach the lowest possible interest rate.

This card also offers benefits such as personalized business checks, various Internet account related services, and discounts on various products and services from participating retailers and merchants. Plus, the cardholder's online account reports are compatible with Quicken® and Microsoft Money® software.

Therefore, those who will be able to take advantage of the cash back rewards program, the introductory rate for the life of balance transfers, and the various online business tools will benefit most from what the Advanta Life of Balance Platinum Card has to offer.
Updated: 2008-07-10 00:00:00
 
Note: The review on this card was updated on July 10, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
Specifics
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Card Category: Business

Introductory Rate : 2.99%

Time Period Until Paid

Applied Towards :Balance Transfers

Introductory Rate Details : The introductory rate is available on balance transfers submitted during the first three months.

APR (Purchases) : 9.99% Variable

Annual Fee : $0.00

Annual Details : None

Reward Program Details

Rebate Minimum : .25%

Rebate Maximum : 6%

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," "online advertising services," or "utilities and telecommunications." The amount earned is based on the following scale: 6% on up to $500 in purchases; 1% on purchases over $500.

Rebate Details : The amount of rebates earned on all other purchases is based on the following scale: .25% on up to $7,500 in purchases; .50% between $7,500.01 and $20,000; 1% on purchases over $20,000. Rebate checks are automatically issued when the cardholder reaches $50 in earned rebates.

Expiration :None

Yearly Limit : None

Perks / Notations

Additional Perks

Various Internet account related services.
Personalized business design.
Personalized business checks.
Online statements and management reports.
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.

Important Notations

Cardholders can only enroll in either the cash back rebate program or the travel rewards program.
The APR is based on the highest Prime Rate during a 90-day period.
The APR for cash advances varies according to the applicant's credit history and will be either 9.99% or 19.99%.
See website for complete terms and conditions of card usage and application disclosure.

Additional Information

Apply Online for Advanta Life of Balance Platinum Card.

See other cards issued by Advanta

Category: Advanta Life of Balance Platinum Card by Advanta
 
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