Does Advanta Have the Best Credit Cards for Your Small Business?

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.