Advanta Platinum 90-Day Interest Free BusinessCard
Advanta has introduced a new business credit card that offers 90 days interest free on all purchases all the time. The Advanta Platinum 90-Day Interest Free BusinessCard charges no interest for 90 days on purchases and offers a business rewards program, all without an annual fee. Since the 90 day interest free period is not a promotional offer, and it can provide up to $50,000 in working capital, the card can be helpful for small businesses looking to better manage their cash flow on an ongoing basis.
While the rewards program allows redemption for travel, merchandise or cash, the cash redemption ratios are very weak. One point is earned for each $1 in net purchases and 15,000 points can be redeemed for a $50 check, which is equivalent to 0.33% cash back. It is, of course, better than nothing.
The main and only real reason to get this card is to take advantage of the perpetual 3 months of free float, which in itself would be attractive to many businesses.