Comments on: Card Comparison: Business Credit Cards – November 2008

By: brady

brady — Sat, 24 Jan 2009 03:16:32 +0000

Jerry, according to even current rule, credit card companies should give 15 day notice before they can raise rates. If you haven’t received a notice before you get that rate hike, you have the right to dispute that treatment through some authority. In the new rule, Advanta should give 45 day notice before the rate hike, check out:
http://www.myawesomecard.com/blog/2009/01/19/credit-card-qa-what-does-new-credit-card-rules-mean-to-you/

By: Jerry

Jerry — Thu, 22 Jan 2009 19:36:59 +0000

Advanta has a _terrible_ reputation. If you are late just once in a year, even with a good credit score, they can and have increased rates on people to 25% _plus_ prime rate. In some cases I have read, they charge over 32% interest! See the comments on CNN at http://askfsb.blogs.fsb.cnn.com/2008/12/17/credit-cards-gone-wild/
Get your money from a loanshark? With Advanta, the answer is ‘yes’.

By: Credit Card Q&A: Can I Apply for a Business Credit Card without Having a Business?

Sun, 02 Nov 2008 23:03:14 +0000

[...] business credit cards offer fabulous deals. Some of those deals are much better than those of consumer credit cards. For example, American [...]