Yesterday Advanta announced name changes for the three credit card products offered on Your Credit Network. Even though the names have changed, Advanta still offers the same great customer service to all of its business-minded consumers without fail – and this is an excellent opportunity for us to highlight some of the program benefits for these uncommonly solid business credit card offers.
Advanta Platinum Business Card with Rewards
(Formerly the Advanta Platinum Rewards Business Card MasterCard)
This is the most popular credit card offered by Advanta, due in large part to the robust rewards program which includes 5% cash back on fuel, computers, computer software, office and related supplies, telecom/utility bills, and online advertising expense. For purchases that do not fall under any of these categories, a 1% cash back rebate is offered – though cardholders may only earn $300 per annum with a monthly ceiling of $25. The alternative to this program is a point-based system, which allows for the accrual of one point per dollar spent that may be redeemed toward travel expenses and pre-paid retailer cards; these points do not have a limit and will expire in three years from the original purchase date. Businesses that use the Advanta Platinum Business Card with Rewards frequently generally prefer the point system for maximum benefit, whereas businesses with smaller or less frequent purchasing need tend to opt for the cash rebate system. Neither of these plans has additional cost associated with participation.
Advanta Life of Balance Platinum Card
(This credit card maintained its name as is)
This business credit card was designed for firms that need to transfer large balances or several smaller balances onto one handy card. Unlike the other two credit cards currently offered by Advanta, the Advanta Life of Balance Card offers a 2.99% APR on all balanced transfers made within the first three months of card ownership for the entire life of the balance; this is in direct contrast to the other offers which place an introductory rate on balance transfers for 6 or 12 months. Another added bonus for this credit card is a rewards program similar to that of the regular platinum business reward card above, with similar point/rebate systems for new purchases at no additional cost.
Advanta Platinum Business Card
(Formerly the Advanta Platinum Business Card MasterCard)
This credit card is the standard issue model from the Advanta credit card line. It offers no rewards program to its cardholders, though there is an attractive 0% purchase rate for the first twelve months of use.
Additional Resources:
Kimberly Carte
Team Your Credit Network