Advanta Life-of-Balance Platinum Card
- 2.99% Fixed APR for LIFE on balances transferred within 3 months
- Choice of 6% Cash Back on Bonus Qualifying purchases* or Travel Rewards
- No Annual Fee and No Limit on Earnings
- Get employee cards with no fee and set spending limits per user
- $0 Fraud Liability
- Personalized card — your company name on the card, plus your logo.
* See website for Terms and Conditions.
APR for Balance Transfers: 2.99% (for Life of Balance*)
Balance Transfer Fee: Waived for the introductory offer*
Cash Advance Fee: 3% (minimum $5)
Annual Fee: None
Late Fee: $19-$39
Overlimit Fee: $15-$39
Returned Check Fee: $35.00
Grace Period: 20 Days
Reward Program: Cash Back or Travel Rewards
Advanta account rates can be fixed rates, or they can be variable rates consisting of a Variable Rate Index combined with margins. Your account rate for Purchases and Balance Transfers will be Prime plus a Purchase Margin of 2.24%; however, the account rate for Balance Transfer requests made with your application will be a fixed 2.99%. To maintain the promotional rate for the full offer term, you must make all payments when due, you must not exceed your account credit limit, and you must not otherwise default on the account. Your account rate for cash transactions will be Prime plus a Cash Advance Margin of either 2.24% or 12.24% based on our assessment of your credit history and creditworthiness. We allocate your payments and credits to pay account balances bearing lower interest rates, such as introductory and promotional rate balances, before balances bearing higher interest rates. This means that your savings may be reduced by having balances that are subject to standard rates. Finance charges on balance transfers and cash advances begin to accrue on the date we process the transaction. Your Variable Rate Index for any billing cycle will be chosen by us from among the Prime Rates published in The Wall Street Journal's "Money Rates" section during the three (3) months prior to the month which contains that cycle's Billing Cycle Closing Date, but will not be less than 7.75%. Any rate applicable to any component of your account, including any Default rate, will be applied throughout the entire billing cycle which contains the effective date of that rate, and will apply to previous balances as well as new transactions and charges.
Default rates, when imposed, replace other rates, including introductory and promotional rates, and apply to previous balances as well as to new transactions and charges. Events of Default are listed in the Advanta Business Card Agreement and include, among other things, failing to make any minimum payment due so that it is received by its due date, or exceeding your account credit limit, or making a payment to us that is not honored by your bank, or being in default on any other account you have with us, or failing to keep your credit rating in good standing, or our concluding that you present an increased risk of future non-payment.
Late Payment Fee varies based on the new balance: $19 on balances under $250; $39 on balances of $250 and over.
Overlimit Fee varies based on the new balance: $15 on balances under $501; $29 on balances between $501 and $1,001; and $39 on balances over $1,001.
Advanta Business Cards are issued by Advanta Bank Corp., Member FDIC, pursuant to an Advanta Business Card Agreement. The Platinum BusinessCard is a MasterCard Executive BusinessCard. While the rates, indexes, margins, fees, and other account terms described here are typical of those recently offered and in effect on Advanta Business Cards and are expected to apply to your account, your account terms will be in every instance determined by us and reflected in your Card Agreement. In accordance with applicable law and the terms of your Card Agreement, we may change all of your account terms, including rates and fees, at any time for any reason. This means that your account rates, including any introductory or promotional rates offered, are not guaranteed; all account rates may be increased, fixed rates may change to variable rates, and variable rates may change to fixed rates. We may also change your account terms, including by increasing rates and promotional rates, if any Events of Default listed above or in your Card Agreement occur. Your Card Agreement also contains an arbitration provision, which replaces the right to have claims heard in court by a jury, and precludes participation in class actions.
See web site for complete terms & conditions