|
The Advanta Life of
Balance Platinum Card, issued by Advanta, is designed for people who are in
need of a balance transfer card and are
interested in a cash back reward program that can be personalized to fit their
needs.
- Up to 6% Cash Back on Utilities and Telecommunications and up to 2% Cash
Back on all other purchases
- Up to 6% Cash Back on Computers and Office Supplies and up to 2% Cash
Back on all other purchases
- Up to 6% Cash Back on Dining Expenses and up to 2% Cash Back on all
other purchases
- Up to 6% Cash Back on Building Supplies and up to 2% Cash Back on all
other purchases
- Travel Rewards Point Program
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 reward program, this card offers a 2.99% fixed 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
consolidate their expenses. The card also has no annual fee and a reasonably low
fixed interest rate for purchases.
It is important to note that the APRs for purchases, balance transfers, and cash
advances are tied to the highest Prime Rate during a three-month period. Due to
this policy, the APRs 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 cardholder'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 reward
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.
Review Date: May 1st, 2007 |
