Advanta Platinum Business Card with Rewards Options

0% APR for 15 Months on Balance Transfers, 7.99% Fixed APR thereafter
7.99% Variable APR on Purchases
Choice of 5% Cash Back or Travel Rewards
No Annual Fee and No Limit on Earnings
$0 Fraud Liability
Personalized card -- your company name on the top of the card

Annual Percentage Rate (APR) for Purchases and Balance Transfers: Prime plus 7.99% ; however, for Balance Transfers only, introductory 0% for the first fifteen billing cycles from the date your account is opened.
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 when you select any Cash Back reward program.
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.
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DID YOU KNOW?

	Every American teen dreams of the day he/she will leave their parents home and rent their first apartment. What a wonderful time it will be. Independence. There is no one to boss you around. Most people don’t plan for the future. Are you thinking a purchasing your first home? Are you currently renting an apartment? How are you paying? Check, Cash, or Money order? The reality is that lenders for first time homebuyers want to see a 12 to 24 month rental history. If you’re renting from an apartment complex that has a management company onsite then lenders will accept their word. What happens if you’re renting from a private person that owns a couple of properties and is managing it themselves? The lender will want to see canceled checks for the last 12 to 24 months. The reason for this is to see if you can pay on time. If your checks were dated before the rent was due then you’re a good candidate to pay your mortgage on time. But if you have inconsistencies in your rent payments the underwriter will have to make a decision based on certain guidelines. Underwriters are paid by the lender to ensure that the borrower will have the ability to pay the mortgage. If you don’t fit into their guidelines then you will not be able to obtain a mortgage. Are all lenders guidelines the same? No they are not. That is why it is better to go to mortgage broker than to a bank when getting a mortgage. Mortgage Brokers have many different lenders with different guideline criteria. One lender may accept a private Verification of Rent when another lender will not. Also, many mortgage brokers will know what lender that has less stringent guidelines over another. So when considering purchasing a home make sure you have canceled checks proving your ability to pay rent on time. Cash and money orders will not be sufficient because those forms of payment can’t be proven like canceled checks.

Which form of payment you should use for a purchase depends at least as much on your level of discipline as on your level of income—and don’t forget about security.

Use cash for small purchases, when you’re in a hurry, and if you won’t mind not having a record of the purchase in a bank or credit card statement. You have to feel comfortable carrying cash, too. Many people won’t for safety reasons—flashing a wad of bills in a store could make you a target in the parking lot. On the other hand, many people concerned about identity theft or those recovering from a bankruptcy choose to use cash exclusively.

Use a check if you need a record of the purchase for tax or business purposes, if you don’t want to carry around a bunch of cash, or if you don’t have a credit card because you don’t qualify for one. Of course, you’ll need to write a check to pay bills by mail, and they can come in handy if your grocery store will let you write a check for more than your purchase in order to get cash without going to the bank or ATM.

Use plastic only if you know yourself well enough to not let the balance build up. It’s convenient and fast to use a credit card, especially if you shop by phone, but you need to keep track of what you’re charging so it doesn’t get out of hand. It’s best to pay the full balance every month, for two important reasons: first, in order to build a good credit history (which is invaluable for the remainder of your natural life), and, second, so you’re not financing a lifestyle that you can’t really afford. If you’re concerned about security when shopping online, check to see if your credit card issuer offers virtual credit card numbers—these are card numbers generated at the time you’re ready to make an online purchase and are good only for that transaction. If anyone gets hold of that number, it won’t be valid for any other purchases.

So, take stock of your habits, your level of discipline, and how you feel about identity theft and online security, and you’ll be able to make the best choice for you.