I just got word this morning that Advanta, which was a highly rated small business credit card that I’ve used for years, is going under and is going to stop accepting transactions in a few days. I’ll have to find a new card ASAP to start running my business transactions through, and am looking for recommendations. Advanta had cash back, no annual fee, easy online management, and all that fun stuff. Any recommendations?
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I have a Starbucks VISA affinity card that I use for business transactions.
You might look for something that pays rewards to somewhere you already spend money.
I think every company that offers a rewards program has one now. You can get hotel rooms, frequent flyer miles, all that good stuff, while paying for business expenses.
Grrrrrr…. I thought that email was a hoax. I love my Advanta card! I’m thoroughly bummed.
I’m going with the Chase Freedom card – no annual fee, and a $50 gift card, plus reward points to use on travel, gift cards, etc. I applied online and was approved in seconds.
Good luck!
Weird, I got that letter also.
For rewards, I like Wells Fargo. They pay $600/50K miles.