What You Should Know About the Advanta Business Credit Card

If your business is wanting a credit card and have ever considered Advanta Bank Corp. for a small business credit card, you should first be aware of their misleading and deceptive business practices.

Their promotional material might offer 0% APR on balance transfers for a period of time, when the APR changes to a fixed 7.99%, but don't believe it.

They also can change their terms at any time for any reason.

When I attempted to find out the reasons they might change their terms, they would not disclose that information, rather hiding behind what they call "proprietary lending guidelines." So much for full disclosure!

When asked if they discriminate against persons based on race, gender, or religion, their representative would not comment.

According to the Advanta Platinum BusinessCard Terms and Conditions, "All of your account terms are subject to change. This means that your account rates, including any introductory or promotional rates offered, are not guaranteed; all account rates may be increased, fixed rates may change to variable rates, and variable rates may change to fixed rates. We may change your account terms (including rates) at any time for any reason."

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