From the Advanta.com web site.
These are some of the Q&A from this link.
Q: Why are you closing my account?
Q: What should I do with my credit card?
I had the card and was on vacation in the Caribbean when they informed me. I really glad I brought a personal card with me as well b/c I would have been completely stranded. They literally informed us 7 days before closing them all out. No real notice or anything.
The sight does say that they are looking for an alternate lender, but who knows.
Advanta closed my Kiva Business Mastercard, cl: $10,000, last month. Now I won't be able to "give back to my community by giving out grants to deserving entrepreneurs from around the world"
thanks Advanta for now lowering my credit/debt ratio (credit score).