topic Re: Advanta Rewards Corp Card in Credit Cards

Advanta Rewards Corp Card

Anonymous — Mon, 21 Jan 2008 15:50:42 GMT

The Advanta Rewards Biz card seems to be one of the best one's out their so far and am on the fence about applying for it.

Will business CC's get reported on my personal credit. Or is it just the initial app process of pulling my personal info from CRA's to get and approval/denial. I also assume its a hard pull?

I have an S-Corp. D&B reports 9TL's and a paydex score of 90. I'm not sure Advanta pulls from D&B though.

Re: Advanta Rewards Corp Card

llecs — Mon, 21 Jan 2008 17:26:38 GMT

I had the same card several years ago. I closed it after a time (didn't really need it). It was good and would recommend it. I did take issue with their rate (25% or so). I don't remember the app process but they did call me after a few days to confirm my identity and to tell me that they approved me for $3k. Did not use a biz phone on app, used PG, claimed sole-prop., but never appeared on my CR. Don't know about inquiry.

It shouldn't appear at all on your CR, except as a defaulted acct, will likely require PG, and may not result in a hard pull. I recently appd WAMU bix and Discover biz and neither resulted in a hard pull, only soft.

Re: Advanta Rewards Corp Card

Anonymous — Mon, 21 Jan 2008 17:48:11 GMT

The pre approval I just received from them is 0% on BT's for 15mo, 7.99% fixed, 5% cash back w/no limit and expiration, and no AF.

Soft pulls don't drop your score right?

Re: Advanta Rewards Corp Card

llecs — Mon, 21 Jan 2008 17:56:13 GMT

Soft pulls have no impact at all on your scores.

Re: Advanta Rewards Corp Card

Anonymous — Mon, 21 Jan 2008 18:02:26 GMT

Advanta is not a soft pull it's hard and they are very extremely picky. I got rejected with 5 inquiries on my TU.

Re: Advanta Rewards Corp Card

llecs — Mon, 21 Jan 2008 18:44:48 GMT

EddieX wrote:
Advanta is not a soft pull it's hard and they are very extremely picky. I got rejected with 5 inquiries on my TU.

I've been out of the Advanta loop for quite some time, but had a look over at CB. They don't like inquiries, or new credit (on personal CRs), or bankruptcies. They tended towards an avg score of just over 700 and have been pulling one or even two CRAs. In fact, I realized that I appd in August. Had forgotten about it but it was a hard hit on EQ. Of course, was denied.

Re: Advanta Rewards Corp Card

Anonymous — Mon, 21 Jan 2008 19:30:30 GMT

Both of my Advanta apps were TU pulls. With low inquiries but I guess even 1 to them is high. They said wait 2 months and I waited 5 before I reapplied and still rejected.

Not sure I want a card that is that picky anyway.

Re: Advanta Rewards Corp Card

Anonymous — Sun, 27 Jan 2008 06:06:46 GMT

Will my FICO score determine whether or not I get approve for this card? I had a BK that is now 5 yr's old but with no lates or neg. since then. Scores range from 680-705.

Re: Advanta Rewards Corp Card

Anonymous — Sun, 27 Jan 2008 06:42:31 GMT

Don't know if this applies to you but they denied me citing lack of a mortgage as one of the reasons.

Re: Advanta Rewards Corp Card

Red1Blue — Sun, 27 Jan 2008 12:59:40 GMT

Advanta told me few months ago they would pull all three and check. Normally it would be one hard and other two are soft.

Re: Advanta Rewards Corp Card

Anonymous — Thu, 10 Jul 2008 20:09:54 GMT

I applied for the Advanta card and was approved for it $6000 7% I was never late with a payment nor did I incur any additional personal or business expenses, yet my APR went up to 16% and then 31%. I took out a chase card and did a balance transfer and closed the Advanta. I will not take out another card with them again.