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SUMMARY OF IMPORTANT ADVANTA BUSINESS CARD ACCOUNT TERMS
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| Annual Percentage Rate (APR) for Purchases and Balance Transfers |
Prime plus 7.99% ; however, for Balance Transfers only, introductory 0% for the first fifteen billing cycles from the date your account is opened. |
| Other APRs |
Cash Advances: Prime plus 5.99% or Prime plus 15.99% (9.99% or 19.99% as of 01/02/04).
Default: The higher of the account APR plus 3%, or Prime plus a Default Margin of 17.99%. |
| Grace Period for New Purchases |
25 days from statement closing date, if new balance is paid in full in the manner and by the time of day on its due date as shown on statement. |
| Annual Fee |
None, even with the reward programs. |
| Minimum Finance Charge |
If any finance charge is applicable: $1. |
| Transaction Fees for Cash Advances and Balance Transfers |
Cash Advances other than Convenience Checks: 3% (minimum $5); Convenience Check Cash Advances: 3% (minimum $5; maximum $50). Balance Transfers processed during the introductory period: 3% (minimum $5; maximum $50). |
| Other Fees |
Late Payment Fee: $15 to $39 based on balance. Overlimit Fee: $15 to $39 based on balance. Returned Payment Fee: $20. Dishonored Convenience Check Fee: $20. |
