Mad Rich

The Advanta Life of Balance Platinum Card is a credit card from Advanta. It is specially designed for business owners and proprietors who wish to consolidate all of their business expenditures onto a single credit card and are interested in a program of cash back rewards that is personalized to suit their business needs.

Rewards Program of Advanta Life of Balance Platinum Card

The rewards program has a unique feature which allows the cardholders in choosing the category that will enable them to earn in cash rebates up to 6%. The cardholders can choose from a large variety of categories like telecommunications and utilities, diesel and gasoline fuel, office supplies, electronic supplies, computer supplies and computers or services of online advertising. With the rewards program, the cardholders can earn cash rebates up to 1% for all extra purchases. Every time the cardholder earns $50 in rebates, the rebate checks are issued and there is no upper limit to the rebates that can be earned. However, the percentage of rebate earned is decided on a sliding scale and one cannot earn the maximum available rebate on all purchases. The cardholders of Advanta Life of Balance Platinum Card are also provided with the option of choosing the reward programs for travel.

Other Notable Features of Advanta Life of Balance Platinum Card

In addition to the rewards program, the card offers an APR of 2.99% for the entire life of the balance transfers that are forwarded in the initial three months of the membership of the card. This serves as a boon to the business owners who wish to consolidate their expenditure. The Advanta Life of Balance Platinum Card has no yearly charge and a reasonable low rate of interest for purchases. Another thing is that the APRs are fixed to the maximum Prime Rate in the 3 month period for cash advances, balance transfers and purchases. As per this policy, the APRs never touch the lowest possible rate of interest.

The other advantages of the Advanta Life of Balance Platinum Cards are personalized checks for business, various internet services related to the account and discounts on different services and products from participating merchants and retailers. Along with this, the online account reports of the cardholder are compatible with Microsoft Money and Quicken software. Hence, the people who will be taking the cash back rewards program will be benefited most by the introductory rate for balance transfers and the various tools for online business.

The Advanta Life of Balance Platinum Card contains the MasterCard Brand and thus, has a global acceptance. This credit card helps the business owners in easy and efficient functioning of the business. The balances from all other credit cards can be transferred onto the Advanta Life of Balance Platinum Cards at a low rate of interest and this low interest rate is maintained throughout the lifetime of the transferred balances, if they are transferred within the initial 3 months of the membership. It caters to a variety of businesses and the business owners can choose the category as per their business. Advanta Life of Balance Platinum Card is the perfect credit card for most business owners.