Advanta Life of Balance Platinum Card
Card issued by Advanta
Most Attractive Feature: Reasonably low Annual Percentage Rate (APR); no annual fee; discounts on various products and services; choice of travel rewards or cash back program.
Apply online for this card or
read on for a full review of all the features.
The Advanta Life of Balance Platinum Card, issued by Advanta, is designed for business owners who are looking to consoli date 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 cardhol_ders 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 Annual Percentage Rate (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 consoli date their expenses. The card also has no annual fee and a reason ably low interest rate for purchases.
It is import ant to note that the Annual Percentage Rate (APR)s for purchases, balance transfers, and cash ad vances are tied to the highest Prime Rate during a three-month period. Due to this policy, the Annual Percentage Rate (APR)s 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 cardhol_der'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.
Note: We strongly suggest that you carefully read the Terms and Conditions
statement that accompanies the credit card application.
Last Updated May 5, 2008
*Terms and Conditions
