The card has no annual fee and an introductory 0% interest rate on purchases and balance transfers for twelve months. After the introductory period expires, the interest rate is a variable 13.49% for both cash advances and purchases, although the rate for cash advances is directly tied to the cardholder’s credit and will be 5.99% or 12.49% plus Prime Rate. There is a 3% cash advance fee assessed with a minimum of $5 and a maximum of $50 with convenience checks and a 3% balance transfer fee with a minimum of $5 and maximum of $50 during the introductory period.

Those who may sometimes carry a balance and plan to take advantage of the additional benefits and services that are offered will derive the most benefit from the Advanta Platinum Business Card MasterCard. This is especially true of the merchant discounts on products and services to which cardholders may be entitled.

Some of the benefits a cardholder can expect to receive with the use of this card include the following:

•Online access to account information and services

•Personalized business design, checks, and billing date

•Statements and management reports available online

•Insurance for auto rental

•Protection of purchases and extended warranties

•Products and services discounts at participating retailers and merchants

•Compatibility with both Quicken and Microsoft Money software

Benefits are pretty standard business account benefits, and the average business owner will find them quite attractive. Although the rate is a little high in comparison to that charged to an individual with good credit, it’s reasonable if you don’t always carry a balance on your account.