Does Advanta Have the Best Credit Cards for Your Small Business?
April 15, 2008
Advanta, a leading credit card provider, offers several business credit cards ideal for the small business owner. Their main cards include the Advanta Platinum BusinessCard with Rewards and the Advanta Life of Balance Platinum Card. There are various benefits to choosing Advanta for your credit line needs.
Business Credit Card Versus Standard Credit Card
A business card is often the best choice for business owners rather than standard credit cards. Many of these lines of credit are based on the income the business has rather than your personal income. Additionally, as you grow your business, you can differentiate your credit history and credit score for the business from your personal credit score.
This will allow you keep your personal finances separate from your business accounts, making it easier for accounting and for tax time. Another difference between business credit cards and regular credit cards is their flexibility. Business credit cards often offer lower interest rates and fewer fees, and many offer travel rewards.
Consider the Card Benefits
A look at Advanta’s Platinum Business Card with Rewards is a great way to see the benefits of using a business credit card for your small business.
• Low APR: Many cards offer an introductory period of 0% financing for balance transfers as well as new purchases. Most APR’s are fixed rate, which gives your business flexibility to borrow without having to worry about current rates.
• No fees: The Advanta card does not have annual fees, reducing the cost of borrowing to the small business owner.
• Rewards: Most business credit cards also have a rewards program, such as a travel reward program. This is an excellent opportunity to cut down on the expenses of sending your employees from one location to the next. Cash back programs are also available on the Advanta credit card, too.
• Multiple users: If you like to provide your employees with a spending limit every month to pay for their travel expensive or supplies, these business lines of credit will allow you to do just that.
• Organization: Make payments on all of your incoming invoices. Pay them to keep clients happy. At the end of the month, you can tally expenses easily by your statement or monitor them online.
Obtaining A Business Account
Can anyone get a business credit card account? In the application for any credit card, credit scores are taken into consideration. In some cases the credit card companies will accept the business’s credit score, but most often your personal credit score will be required. For new business owners, this may require that your personal credit score be in good standing.
In addition to this, you’ll need to show proof of your business’s income and net worth. The credit card company wants to be sure your business line of credit isn’t more than you can afford to pay.
Should You Go With Advanta?
When shopping for a business credit card account, you definitely want to take Advanta into consideration. The company has several benefits to offer to you. If you are considering other business accounts, be sure to compare them to these standards.
One reason to go with Advanta is the low interest rate offered for initial card holders. Rates on the Advanta Platinum BusinessCard with Rewards are great, starting under 8%, but rates vary from person to person.
You also want to look for low fees, such as no annual fee. Look for a long term grace period (the amount of time you can hold a balance without being charged finance charges.)
Finally, if you want to have a rewards program, be sure the company offers one. The Advanta line does offer them, giving you two options. One is a travel reward and the other is a generous cash back offer.
Busy entrepreneurs, look no further. The Advanta credit cards are an ideal choice for those in a small business looking for flexibility, great rewards, no fees, and low rates.
Advanta Life of Balance Platinum Card
April 15, 2008
Great small business card for entrepreneurs that are carrying a credit card balance. Get a low rate on all balances transferred to your card within 3 months, Advanta Life of Balance Platinum Card.
- 2.99% APR for Life on Balance Transfers
- Business Branded Card
- 6% Cash Back or Travel Rewards
- No Limit on Earnings
- No Annual Fee
Advanta Business Card Application Overview - Quick & Easy Access to Capital for Your Business
March 22, 2008
Small business owners are busy people; we don’t often have time to spend opening new accounts and trying out new credit cards. Sometimes this fear of wasting time prevents us from finding the best credit card or other small business services available in the marketplace.
Quick & Easy Credit Card Signup
It’s understandable why we’re so guarded with our time, frequently applying for a credit card involves filling out screen after screen of information. One of the things I love about Advanta credit cards is that their application process is short and easy. You fill out your business name and personal information on the first page and then the rest of your business information on the second page, both on short forms, and then you’re done!
So you don’t need to worry about wasting your time when you open an Advanta card; they get you through the sign up process quickly and your credit card application is off for review right away. You can see for yourself, the images below show the steps you’ll go through when you apply for your Advanta card.
Advanta Card Application Demo
Most business credit cards ask you to enter your federal Employer ID Number (EIN) during your signup. You’ll notice that Advanta doesn’t require an EIN. You can see below what information you do need to have available when you go through the credit card application.
- Business Name & Phone Number
- Home Address & Phone Number
- Social Security Number & Birth Date
Hopefully you don’t have any existing credit card debt but if you do you can look into transferring anything you owe on other cards to your new Advanta card. At one point they were offering 0% APR on balance transfers for 15 months. Check out their current balance transfer rates and see if you can save money by moving your existing balance to Advanta.
If you have other people in your business that might need access to a company credit card you can also request additional employee cards for them for no additional cost simply by checking the appropriate check box.
Now you’re finished with page one, pretty quick wasn’t it? I timed myself and it took me under a minute to complete, 48 seconds to be exact. Now click the big red Submit button and you’re onto the last page.
Business Credit Card Page
The second screen is where Advanta asks for more information about your business. You can see below the data that you’ll need to fill out on this page:
- Business Address & Industry
- Years in Business & Total Employees
- Annual Revenue & Yearly Household Income
- Mothers Maiden Name & Your Email Address
- Rent or Own Housing
That’s all there is to the application! You can also opt into a trial of Advanta’s Credit Protection program or learn more about their merchant account options by selecting the check boxes before you click the Submit button. Pretty quick and easy, once you’re finished you’re taken to the confirmation page shown below.
As Advanta reviews your application, they keep you in the loop by providing a site where you can check the status of your credit card signup request. They also provide a toll free number where you can speak with someone about your pending application.
You may notice the online survey button, a sign that Advanta does offer one of the best credit cards for small businesses. They actively gather feedback from people that signup and use their cards and are always looking for ways to make entrepreneur’s lives easier. I went through the survey and it definitely reinforces that fact, as it focuses on saving us time with easy navigation, clear & concise forms, and a straightforward application experience.
Save Time & Money with Advanta Platinum BusinessCard
If you invest the small amount of time it takes to apply for the Advanta Platinum Business Card you’ll discover like I have that this card and company exist to help small businesses. I’m not the only one that speaks highly of Advanta, in an article “Best Credit Cards for Small Businesses”, BusinessWeek had this to say:
“Advanta, a company that caters specifically to small businesses, offers one of the best all-around deals for a small-business credit card. The Advanta Platinum Business Card offers a 0% APR for 15 months and a 7.99% fixed APR thereafter, while offering 5% cash back or travel rewards. And there’s no annual fee for using the card …. Another perk: Customers put their own [business’s] name on the front of the card. It brings instant credibility to a business”
Advanta has been in the small business credit card field for a long time and use their experience to help you save time and money. If this experience sounds like something that would help maximize profits for your business make sure you get more information today.
Advanta Platinum BusinessCard with Rewards
March 16, 2008
One of the best small business cards available for your business today, Advanta Platinum BusinessCard with Rewards.
- Top Small Business Card
- Credit Line up to $50,000
- Business Branded Card
- 5% Cash Back or Travel Rewards
- No Annual Fee
