Hot perk!  

6% cash back, 2.99% APR for the life of balance, no BT fee, no annual fee – Advanta : Life of Balance Business Platinum Card; Exp. – unknown

By , January 8, 2009


Cash back terms:

There is no limit to the amount of Cash Back rewards you may receive. Cash Back rewards earned for the current month are shown on account billing statements.

Cash Back rewards are earned on Net Purchases only, which means purchases of goods and services made for business purposes with the Advanta BusinessCard while the account is in good standing by the Signing Individual or any authorized user of the account, net of any returns and credits. Net Purchases does not include, and rewards are not earned on, cash advances, balance transfers, convenience checks, fees, finance charges, adjustments, or any other transactions or charges.

Cash Back rewards are paid by check (to the order of the Signing Individual) and are generated and mailed following any billing cycle in which unpaid earned rewards reach $50. Rewards are not available in the form of reductions in the amount of any account payments due.

Cash Back rewards are earned based on your annual level of Net Purchases, excluding your purchases in the Bonus category chosen, as follows: 0.25% on up to $5,000 in purchases; 0.50% on purchases between $5,001 and $15,000; 0.75% on purchases between $15,001 and $25,000; 1.00% on purchases between $25,001 and $50,000; 2.00% on purchases between $50,001 and $125,000; and 0.50% on purchases over $125,000.

Cash Back rewards are also earned in the Bonus category you choose from the selection of "gasoline and diesel fuel," "computer equipment and office supplies," "building supplies," "restaurant dining" or "utilities and telecommunications." Cash Back rewards on Bonus category qualifying purchases are earned as follows: 0.50% on up to $10,000 in purchases; 1.00% on purchases between $10,001 and $20,000; 2.00% on purchases between $20,001 and $30,000; 3.00% on purchases between $30,001 and $40,000; 6.00% on purchases between $40,001 and $50,000; and 0.50% on purchases over $50,000.

Qualifying Bonus category purchases are Net Purchases that 1) are made at retail establishments which for "gasoline and diesel fuel" are gas stations that process the transactions as fuel purchases; for "computer equipment and office supplies" are classified as computer, computer peripheral equipment and software distributors, electronics stores, computer software stores, or office supply stores; for "building supplies" are classified as home supply warehouses, lumber and building material stores, glass, paint and wallpaper stores, or hardware stores; for "restaurant dining" are classified as restaurants; for "utilities and telecommunications" are classified as utility or computer network service providers; and 2) are communicated by merchants to Advanta using appropriate merchant category and transaction codes. Important Note: Mail, telephone, catalog, some Internet purchases, and purchases made indirectly through intermediaries may not qualify; merchants may classify these transactions differently.

To earn and receive Cash Back rewards, an account must be open and in good standing. No rewards are earned on transactions made during any billing cycle for which the monthly payment is not paid as agreed or in which the account is over its credit limit or otherwise in default. If the account is voluntarily or involuntarily closed, no disbursement is made of any earned rewards. If the account status is never returned to good standing, any earned rewards are forfeited.

Advanta assumes no tax liability for Cash Back rewards earned or paid on any account; consult your tax advisor.

Cash Back rewards earned on additional/supplemental card transactions are credited to the Signing Individual's account and paid to the Signing Individual.

These Advanta Cash Back program rules and features are not provisions of any Advanta BusinessCard Agreement, and Advanta reserves the right to change or discontinue this Advanta Cash Back program or any of its features, or to change any of these Cash Back program rules, at any time without notice. The Advanta Cash Back program is void where prohibited by law.

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