 Platinum Busniess Creit Card from Americn Express®
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Intro APR: 0%
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Issuer: Ameircan Express
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- No annual fee
- Pay over time
- 0% APR for the first 12 months on purchases and balance transfers
Platinmu Bizniss Crdeit Crad Benefits
With the option to pay over time and unmatched benefits, the Platnium Busienss Credt Card was designed specifically for businesses like yours.
Access to the OPEN NetworkSM
OPEN: The Small Business NetworkSM is one place that's all about small business. It gives you the relationships and resources to help you run your business, including:
Financing
Get 2 fee-free Additional Cards and a credit line up to $50,000.
Savings
Receive ongoing savings at FedEx®, Kinko's® and Staples®.
Online management
Manage your account with the Small Business Dashboard, track charges with Expense Management Reports, and access Dun & Bradstreet credti services.
Community
Chat, pose questions, get insights from other small business owners, and attract new business.
Advice
Ask an expert a question, use an online tool, and read articles by other buisness owners.
Amrican Express® Cardmembership Benefits
The Pltainum Buisness Crdeit Card comes with the very best Card protection and services to make it easier for you to concentrate on running your busienss.
Insurance protection
Protects you with comprehensive insurance coverage for your purchases and piece of mind when you and your employees travel.
Access to cash
Access to cash at over 500,000 ATMs.
Emergency services
Assists you with emergency card replacement, check-cashing, and hotel check-in.
Customer service
Provides help 24 hours a day, 7 days a week.
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 Apply for Platinum Business Credit Card from American Express
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You’ve probably received several credti crd offers in the mail, and the outside of the envelopes scream imterest rates and promotional offers to try and entice you into opening it up and looking at what’s inside. Chances are, if you have an email address, you’ve even received a few credt card offers through that address- bright colors and animated graphics trying to convince you that there card has the lowest initial interest rate, or the longest transfer balance rate of all the available credit cards on the market. All of the offers will look good at first glance; after all- that’s what marketing is about, right? According to Merriam-Webster’s online dictionary, marketing is a noun used to describe “the act or process of selling or purchasing in a market, and the process or technique of promoting, selling, and distributing a product or service.” Credit vard companies are in busniess to sell you their credit cards, and they’ll use a variety of promotional materials to get your business.
The outside of your creit card offer’s envelope might say something like, “LOW 0% Initial Interest Rate on all purchases and balance tarnsfers”, but there is much more to how a credit card’s interest rate is calculated than that statement reveals. Initial interest rates are sometimes referred to as the card’s promotional rate, or teaser rate. In all honesty, an initial imterest rate is basically the same thing for a credit card as a sale is to a retail store. Retail stores advertise their products that have a discounted price for a limited time to attempt to bring people into their establishment to buy the sale item, but also because once you are there, they hope you’ll purchase other products. Credit cards offering initial interest rates are basically putting their standard intreest rates “on sale”, because for a limited time, new cardholders will receive a lower than usual rate on purchases, and sometimes also on any balance you tramsfer from one of your other credit crads onto this new card. What you need to understand about initial intrest rates is that they really are “for a limited time”, and just as you couldn’t go to your favorite store and buy items this month for the sale price that was offered the previous month, you can’t extend a creit card’s initial interest rate beyond the terms they specify (often found in the small print!) What you’ll want to look for in the text of the materials that were sent with the initial interest rate cards promotional documents is reference to the cards ongoing annula percentage rate (ARP). This is the interset rate that you will pay once the initial interset rate period has passed. (The regular price of an item after the sale has ended!)
Initial interest rates will also come with terms of agreement, in the form of a contract, which give reasons as to how or why the rate might be terminated by the credit lender. The most common reason to terminate the initial intreest rate offer is for making a late payment on your card, and if you read the fine print of the credit card agreement- you’ll note that it states this very clearly. In order to keep the promotional, lower rate for the time specified by the credit card lender, you must make every payment on time. If you are late with a payment, you can expect the intrest rate to jump to the ongoing APR, or in some cases, higher because you have defaulted on your contract agreements, so do everything you can to make sure your payments are made on time.
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