A New Business Credit Card from Advanta: The Life-of-Balance Platinum Business Card
Most consumer and business credit cards are indexed to the U.S. Prime Rate, which means that the Prime Rate is used a base or foundation rate for determining a credit card's annual percentage rate (APR). Finding a credit card with an APR that's close to the Prime Rate is not easy; finding a credit card with an APR that's lower than the U.S. Prime Rate is very rare.
So it's no surprise that we've been recommending the Advanta Platinum Business Card with Rewards Options for many months now: the APR is Prime minus 0.26%, and you can transfer credit card balances and pay no interest on the transferred balance for 15 months. It's a hot offer, but make sure your credit rating is up to snuff before applying, because with an APR below Prime, you can be sure that the folks at Advanta will be selective.
Advanta's New "Life-of-Balance" Platinum Business Card
We've added a new Advanta business card to the site. We like Advanta's new "Life-of-Balance" Platinum Business Card because the APR is quite competitive at Prime + 1.74%. But we really like the fact that you can transfer other credit card balances to this card at 2.99%, and the APR associated with the transferred balance will stay at 2.99% until you pay the transferred balance down to zero (you have to initiate the balance transfer within 3 months of opening the account.) The card also features a generous 6% cash back rewards program, or, if cash back isn't for you, you can choose to take advantage of travel rewards.
Click here for the "Life-of-Balance" Platinum Business Card from Advanta
So it's no surprise that we've been recommending the Advanta Platinum Business Card with Rewards Options for many months now: the APR is Prime minus 0.26%, and you can transfer credit card balances and pay no interest on the transferred balance for 15 months. It's a hot offer, but make sure your credit rating is up to snuff before applying, because with an APR below Prime, you can be sure that the folks at Advanta will be selective.
Advanta's New "Life-of-Balance" Platinum Business Card
We've added a new Advanta business card to the site. We like Advanta's new "Life-of-Balance" Platinum Business Card because the APR is quite competitive at Prime + 1.74%. But we really like the fact that you can transfer other credit card balances to this card at 2.99%, and the APR associated with the transferred balance will stay at 2.99% until you pay the transferred balance down to zero (you have to initiate the balance transfer within 3 months of opening the account.) The card also features a generous 6% cash back rewards program, or, if cash back isn't for you, you can choose to take advantage of travel rewards.
Click here for the "Life-of-Balance" Platinum Business Card from Advanta
Labels: advanta, credit_card_review, new_business_credit_card, small_business_credit_card
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posted by FedPrimeRate.com | 2/18/2007 05:19:00 PM
3 Comments:
I've been an ADVANTA Credit Card customer for over 5 years, never late or over my credit limit until recently being laid-off and having to take a job earning significantly less than before, add to that several expensive family illness and things have gotten difficult financially.
Now when our US and World economy is the worst in decades and you listen to the news about financial institutions ripping people of like Bernard Madoff and others, ADVANTA “pushes the knife in a little deeper” for those least able to afford being “raped” by 32%+ interest rates.
The Advanta Credit Card “creatures” set a new low on Financial Institution customer abuse. With their cost to borrow (Fed Funds Rate) the lowest in a century (under 1%), they are charging me and my family 32.99% Interest Rate on our balances! There time for being exposed Nationally for the mistreatment of customers (weather legally entitled to do so or Not!) will come at a class action law suit I hope to see in the near future.
What a disgusting example of how to run a company … 32% interest on credit card balances...they aught to be ashamed.
You are right - advanta is trash - garbage - they smell like dead fish - be as far away as possible for this 4th rate credit card company.
They are vultures in the true sense, I won't even spit towards them as my spit will be contaminated
After offering a tempting rate to transfer my other credit card balances, they jacked my rate to 35%. If any class actionis available, sign me up. They are low lifes.
Robyn H
Georgia
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