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Overall Rating:
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The Kiva BusinessCard
Issued by: Advanta
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Annual Fee: |
$0 |
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Intro Rate: |
0.00% |
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APR: |
7.99% |
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Card Type |
Business |
CREDIT CARD REVIEWS:
The Kiva BusinessCard is a ideal for business owners with very good credit who would love the opportunity to help business owners in developing countries.
There is no annual fee for this card and there is a 0% interest rate for balance transfers that will last for fifteen months. Once the introductory rate expires, the rate for balance transfers is fixed at a low rate.
The cash back rewards program offers a minimum of .25% return up to 1% on business purchases. Cardholders can also earn bonus cash back in the following categories: gasoline and diesel fuel, computer equipment and office supplies, online advertising services, utilities and telecommunications, and charitable and social services organizations. Whenever an account has earned at least $50 in cash rewards, cardholders will receive a $50 statement credit.
Along with the cash rebate reward program, Advanta also makes it easy to help other business owners in developing countries. Through their Matching Program, if a business submits a micro-loan grant to Kiva as a charitable donation, Advanta will match the grant up to $200 per month. Cardholders will have the option to withdraw or reinvest their donation as a grant to another business owner through Kiva. As an incentive to give, Advanta will pay cardholers 5% of their total grant amount (up to $1,200 a year) in the form of statement credit.
Although this card has a lot of attractive benefits including $0 Fraud Liability protection, it is important to note that the APRs for purchases and cash advances may be tied to the highest Prime Rate during a 90-day period. Since the issuer selects the rate from any day within that time frame, the APRs may never reach the lowest possible rate due to this policy.
Business owners who may occasionally carry a balance and plan to take advantage of this card's low rates, cash rewards program, and charitable services will benefit most from what The Kiva BusinessCard has to offer. |
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Other Card Specific Information
| Introductory Rate |
0.00% |
| Var Fi x Purchase |
Variable |
| Annual Fee |
$0 |
| Annual Details |
None |
| Application Fee |
n/app |
| Participation Fee |
n/app |
| Reload Fee |
n/app |
| Inactive Fee |
n/app |
| Total First Year Fees |
n/app |
| Type of Reward |
Rebate |
| Optional Reward |
No |
| Optional Annual Fee |
n/app |
| Rebate Minimum |
.25% |
| Rebate Maximum |
5% |
| Additional Rebates |
Cardholders will earn bonus rebates in their choice of one of the following categories: "gasoline and diesel fuel", "computer equipment and office supplies", "online advertising" and "utilities and telecommunications," and "charitable and social services donations". The amount earned is based on the following scale: 5% on up to $1,200 in purchases; and 1% on purchases over $1,200. |
| Rebate Details |
The amount of rebates earned on all other purchases is based on the following scale: .25% on up to $3,000 in purchases; .50% between $3,001 and $5,000; .75% between $5,001 and $15,000; 1% on purchases over $15,000. Rebate checks are automatically issued when the cardholder reaches $50 in earned rebates. |
| Points Per Dollar Spent |
n/app |
| Additional Points |
n/app |
| Point Details |
n/app |
| MilesPerDollarSpent |
n/app |
| AdditionalMiles |
n/app |
| MileDetails |
n/app |
| Miles Compatible With |
n/app |
| Expiration |
n/a |
| Yearly Limit |
None |
| Additional Perks |
See website for additional benefits. |
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