Advanta 90 Day Net Credit Card Review
You thought American Express Plum was a killer business card. Wait till you
read all about the Advanta 90 Day Interest Free Card for small business.
Unless you haven’t been watching TV or reading newspapers for a while, you
have probably heard of the hyped up Plum card from American Express. The
Plum card used to be the only card that allowed small businesses to manage
their cash flow operations more effectively by delaying their debt payments
by up to 2 month (with no interest). The Plum card was so popular and hyped
up that a lot of small business went out of their way to get their hands on
it and take advantage of its benefit. So it is no surprise that other card
issuers are taking a page out of American Express’ book to introduce cards
with similar features.
The latest card that comes with similar, if not better, features is the
Advanta Platinum 90-Day Interest Free BusinessCard. The 90 days grace card
that has just been released by Advanta allows cardholders to defer their
payments by up to 3 months. Advanta makes it clear on its credit card
application page that the 90 day offer is not an introductory offer, which
means that you should expect no major surprises on your bill year after year
as far as this feature is concerned.
Advanta also offers generous credit limits to small business owners to allow
them to use the 90 days interest free card more effectively. So you will
have enough credit line to cover your business expenses and more with the
Advanta interest free Platinum card. The 90 Days Grace Card comes with a set
of platinum rewards which allow you to earn a point for each dollar spent
with this card and use it towards travel and merchandize for your small
business. In addition, there is no annual fees which sets this card apart
from the Plum card (which comes with $185 annual fee).
The only downside to the Advanta 90 day card in comparison to the Plum card
is lack of any rewards for paying your bill early. The Plum card gives small
business owners a larger percentage in cash back if they pay their bills
within 10 days. In addition, the Plum card allows you to defer 90% of your
payments for 2 month. With the Advanta 90 day interest free card, you will
still be required to make minimum payments but you won’t be charged any
interest fees for three months.
While both the Plum cards and Advanta 90 day cards are designed for small
businesses and startups, they are not for every business owner. If you are
planning to put a large sum on your credit card and pay it gradually within
3 months or more, then the Advanta card might be right for you. But if you
are hoping to defer your payments for 60 days only, then the Plum card is a
better choice. Unlike the Plum card, you don’t have to pay your Advanta debt
in full after your 3 months period is over. So that is a big plus for
smaller businesses who won’t realize their cash in-flows in three months. If
you are a small business or startup owner and you are looking for a card
that allows you to manage your cash flows more effectively, you should
definitely review both the Advanta 90 day and the Plum card to see which one
fits your needs the best.
You can use our small business credit card ranking to find out which cards are right for your business. Our business card ranking system allows you to compare cards according to your needs.