Advanta Platinum Business Card

0% Intro APR* on Purchases and Balance Transfers for 12 months
No Annual Fee
Detailed Expense Management Reports
Free Online Account Management
Customized Card with Your Business Name
Business Credit Line Up To $50,000
$0 Fraud Liability
Personalized Card -- your company name at the top of the card* See Terms & Conditions

Annual Percentage Rate (APR) for Purchases and Balance Transfers: Prime plus 5.99% ; however, introductory 0% for the first twelve billing cycles from the date your account is opened.
Other APRs: Cash Advances: Prime plus 5.99% or Prime plus 15.99% .
Default: The higher of the account APR plus 3%, or Prime plus a Default Margin of 17.99%.
Grace Period for New Purchases: 25 days from statement closing date, if new balance is paid in full in the manner and by the time of day on its due date as shown on statement.
Annual Fee: None.
Minimum Finance Charge: If any finance charge is applicable: $1.
Transaction Fees for Cash Advances and Balance Transfers Cash Advances other than Convenience Checks: 3% (minimum $5); Convenience Check Cash Advances: 3% (minimum $5; maximum $50). Balance Transfers processed during the introductory period: 3% (minimum $5; maximum $50).
Other Fees Late Payment Fee: $15 to $39 based on balance. Overlimit Fee: $15 to $39 based on balance. Returned Payment Fee: $20. Dishonored Convenience Check Fee: $20.
2

DID YOU KNOW?

	If you are a tenant or live at home with your family then you may already have experienced some problems when it comes to taking out a loan. Many of the great rates and deals that you see advertised are, quite literally, of no use to you at all as they may well be reserved for home/property owners. So, you can apply for them just to be turned down because you aren’t a home owner or you might be given higher rates of interest than those advertised. But, this is no reason to think that you can’t find a loan to suit you and your budget – tenant loans may well be the perfect solution for your borrowing needs. As you might expect tenant loans are loans that are specially designed to serve the needs of tenants when they need to take out a loan. So, you don’t need to be a property owner to get a tenant loans and you don’t need any form of security. All you need to do is to be willing to have the lender you approach check on your current finances and your past track record. Although, some tenant loans companies will even offer loans that don’t need these financial checks – these may be a little more expensive, however. You can take out tenant loans from various sources. In the past many big name lenders didn’t used to like giving out loans to non property owners but the sector is a lot different nowadays. So, you can approach a big name bank or building society, for example, or you can simply approach a tenant loans specialist. A lot of tenants do actually prefer to use a lender that only specialises in tenant loans nowadays. It can sometimes simply be quicker and easier to go down this path. And, many specialist tenant loans lenders will offer better rates of interest on the loans they give out because they have a better understanding of the sector that they specialise in as a whole. Whether you approach a general lender or a specialist one for tenant loans you do need to make sure that you shop around for the best deal before you choose the loan that is right for you. There are hundreds of tenant loans on the sector right now and some of them really are a lot cheaper than others – especially if you can find them on the Internet – so do look for the one that will cost you as little as possible.

If you have less than perfect credit, you may have seen ads promising you a credit card regardless of your credit history or job status. Most of these ads are actually for a secured credit card, which can be a great way to rebuild your credit. Your credit may need rebuilding if you have a history of unpaid credit card bills, bankruptcy, repossession, or divorce. However, you need to be aware that there are scams out there promising a credit card for people with bad credit but not delivering.

A Secured Credit Card

Many people do not know the difference between a secured credit card and an unsecured card. The main difference lies in where the money comes from when you make purchases. An unsecured credit card is the standard card issued by most lenders. You borrow money to pay for your products and services and then you are allowed to pay the lender back with interest via credit card bills. A secured credit card for people with bad credit requires an initial deposit to set you. You deposit anywhere from two hundred to two thousand dollars into an account before making any purchases. What you buy is paid for using the money in your account. So you have control of your credit limit with how much cash you put up front.

Unfortunately, in order to open an account for a secured credit card you must have the hundreds, or even thousands of dollars, it takes to secure the credit. This up-front cost makes it a prohibitive credit card for people with bad credit, who are usually on a very strict budget as their debt takes up most of their extra income. Along with the initial deposit, you might have to pay application or set-up fees, and you could be charged a fee when you make future deposits to your account in order to raise your credit limit. These fees show up on your credit card bills.


Credit Card Scams

There are legitimate promotions for a secured credit card out there and you may find several on the internet if you search reputable banking institutions for their offers. However, some companies try to lure consumers into calling a false number. The phone number listed in the ad is not toll- free, but is a 900 number that you will be billed for using. The scammers might lead you to believe that you can get the secured credit card as soon as you call the listed number. In these false ads, there is usually no mention of set-up fees, initial deposit amounts, eligibility requirements, or credit card bills, which will be larger than normal due to annual fees and high interest.

How To Spot A Scam

If someone offers you easy credit with no qualifications to get a credit card, this person or company is probably not telling you the whole truth. Any reputable lender must check your credit report before offering you a line of credit. This precaution is especially true when providing a credit card for people with bad credit. Also beware of calling 900 numbers. These numbers are not set up to provide you with a service. They are set up to make the company a profit and your phone bill could show a charge up to $50 for a few minutes.