Advanta Credit Card Payment Online

By: EconomyWatch   Date: 9 October 2009

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All a customer needed for making an Advanta credit card payment online was a checking or a savings account. Payments could also be scheduled online. Being a 24X7 service, the online facility allowed people to access and manage their credit account at their leisure.

Although Advanta credit cards were discontinued on May 30, 2009, it is worth discussing the features that it offered to card holders, especially small businesses, who were rewarded for their investment in business supplies. With low minimum payments and the most competitive interest rate, the card was a strategic asset for the small corporate houses.

Advanta Credit Card Payment Online: Minimum Payment

The method of calculating the minimum payment for Advanta cards was simple. They considered $10 or 2.25% of the new balance, whichever was greater, to be the minimum payment. Minimum payment also considered the past due amounts and charged 1% for such cases on the amount of new balance and the finance charges accrued for that period. In cases where the balance was lower than $10, the consumer paid only the balance.

Advanta Credit Card Payment Online: Other Facilities

Besides the robust and secure online payment facility, Advanta offered various other facilities that made online management extremely convenient, such as:

·        Monthly statement access and email versions of statements

·        Account summary that included the current balance, payment due date, available credit, amount of last payment and its date

·        Rewards points exchange on online catalogs

·        Account information management

·        Detailed expense management report downloads in various file formats

A scheduled payment could be easily canceled in a few clicks. Online users were required to visit the ‘Make a Payment’ page and click on the ‘View Pending/Past Payments’. Once done, a list of scheduled payments opened up, from which the payment was to be selected and cancelled by clicking on ‘Cancel’.

Advanta credit card payment online was not only a convenient exercise but a time saving tool for time pressed small businesses. Its discontinuation left these businesses scampering for similar options, which were hard to find.

You can find out more about The Advanta Credit Card Payment Online at the http://www.advantabankcorp.com/ website. The Advanta Credit Card is issued by Advanta Bank Corp., Member FDIC.

 

 


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