Advanta Business Credit Cards: A Closer Look

If you are in the market for a credit card for your business, you have likely seen a lot of options out there. One of them may have been an Advanta business credit card. If you don’t know much about Advanta or their business credit cards, read on:

Business Mind

Advanta has learned what businesses need and has worked to bring that to life in their credit cards. As a bank that has been around for nearly 60 years, Advanta has worked with a number of businesses and knows what type of options and management they need for their credit accounts. Additionally, they will allow you to log online to get all your account information and you can download the information to your Quicken or Microsoft Money recordkeeping accounts.

High Limits

Knowing that most businesses would like to keep all their expenses in one place, to make things easier to sort out in bookkeeping, they offer a number of cards with higher limits than many other business credit cards to handle all that spending. For example, the Advanta Platinum Business credit card can be set up with a limit of $50,000.

Annual Fee

Many Advanta business credit cards, like the Advanta Platinum card, have no annual fee.

Interest Rates

The majority of Advanta Business cards have an initial year at 0% interest on balance transfers and new purchases. After that, the interest rate is based on a fair increase over the prime rate average.

Rewards

There are a number of rewards options that are available with Advanta business cards. One of them is what you will most want in a card, discounts where you are going to be spending your money. With the Advanta Platinum Business credit card there is a network of companies that have agreed to offer card users discounts that will make things better for your bottom line. Another reward you can enjoy with Advanta Business Credit cards is that some cards will offer one reward point for every dollar you spend on the card that can be cashed in for money or even travel rewards. When you are putting all your business spending on this card, those rewards can add up quickly.

Who Can Get an Advanta Business Credit Card?

Generally, Advanta Business Credit Cards are meant to be in the hands of those with good credit. Since they offer very high or flexible spending limits, they want to know the person they are giving the card to is a good risk for the credit.