Credit Card Blog Canadian Financial Blog
Canadian Credit Blog

Mar 03 2010

Blumenthal: Fed Misses Critical Deadline To Roll Back Credit Rates, Fees By KENNETH R. GOSSELIN The Hartford Courant Even as a sum of new protections for credit card users went into effect last Monday, the state attorney general disparage a ke

Mar 03 2010
update new credit card regulations allow room for maneuvering
UPDATE: New Credit Card Regulations Allow Room For Maneuvering By Meena Thiruvengadam Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The credit card game rules have officially changed thanks to new credit card regulations, effective Monday,

Mar 03 2010
Report: Interchange Fees Obstructs Economic Growth, Job Creation
Report: Interchange Fees Obstructs Economic Growth, Job Creation By Linda Lisanti INDIANAPOLIS -- Less than 20% of the interchange fees charged by credit card companies actually includes the cost of processing transactions, according to a rece

Feb 25 2010
Be A Smart Credit Card User
Be A Smart Credit Card User •Read the terms and conditions of your card. "The Credit Card Act is there to protect consumers," said Bruce McClary, ClearPoint Credit Counseling Solutions spokesman. "But the responsibility is still in the hands of th

Feb 25 2010
terms of the new credit cards regulations
CREDIT CARD ACT TERMS OF THE NEW CREDIT CARDS REGULATIONS 10 things that credit-card issuers can still perform with proper notice: * Alter your fixed-rate card to variable. * Increase your Annual Percentage Rate on future purchases. * Rais

Feb 25 2010
CREDIT CARD TRICKS take out cash
CREDIT CARD TRICKS By Kate Mansey 50 percent extra to take out cash Credit card companies are utilizing crafty tricks to rip off customers - as shock numbers show Britons owe £54.5 billion to our "flexible friends". A Sunday Mirror inves

Feb 23 2010
Build Good Credit Without Credit Cards
Build Good Credit Without Credit Cards When you are trying to build a good credit history, one often repeated piece of advice is to get a couple of credit cards and pay them off promptly. Credit cards are not the only way to skin the credit cat, t

Feb 23 2010
interest rate summary credit cards
Interest Rate Summary Credit Cards Here is a look at the state of credit card rates from the weekly national survey of large banks and thrifts conducted Feb. 17, 2010 by Bankrate.com Rates: 13.39% (all fixed); 13.63% (all variable) Credit c

Feb 21 2010
clouds parting over credit card troubles
Clouds Parting Over Credit Card Troubles Kelsey Swanekamp, With joblessness still hovering at 10 percent and household budget under pressure, credit card issuers and lenders are still taking profits from their loans to consumers. Developmen

Feb 21 2010
credit card chargeoffs still troubling
Credit Card Charge-Offs Still Troubling February 17, 2010 by Staff   Credit card charge-offs – or loans assumed uncollectible and written off – edged higher in January as reported by the major card issuers, although there is some positive expe

Blog by Topic (Tags)

Credit Card Blog & Article Area




Link Back to This Post

Advanta Business Card Master Master Card News

Blog Post Date: Apr 16 2007

ADVANTA CREDIT CARD


Advanta Prices Securitization Backed by Business Purpose Credit Card Receivables

SPRING HOUSE, Pa.--(BUSINESS WIRE)--Advanta Corp. (NASDAQ:ADVNB; ADVNA) announced today that its wholly-owned subsidiary, Advanta Business Receivables Corp., has priced a $225 million business credit card securitization backed by receivables in revolving business purpose credit card accounts originated by Advanta Bank Corp. The transaction is expected to close on or about April 20, 2007.

Advanta Business Card Master Trust AdvantaSeries Class A(2007-A2) notes are issued under the AdvantaSeries structure that de-links the issuance of senior and subordinated notes. These 3 year fixed-rate senior notes represent the twentieth publicly offered tranche of notes issued in the AdvantaSeries and carry a coupon rate of 5.00%. After the issuance of these notes, there will be $4.065 billion of notes outstanding in the AdvantaSeries.

RBS Greenwich Capital and Deutsche Bank Securities are co-lead managers on this transaction with Credit Suisse acting as co-manager. It is anticipated that these notes will receive ratings of AAA from Standard & Poor's and Aaa from Moody's. Advanta will retain the servicing and customer relationships of the revolving business purpose credit card accounts.

Apply for a Advanta Platinum BusinessCard

About Advanta

SMALL BUSINESS CREDIT CARDS



Advanta is one of the nation?s largest credit card issuers (through Advanta Bank Corp.) in the Advanta Small Business Credit Cards market today. Advanta?s exclusive focus on this market, as well as its size, experience and commitment to developing meaningful product offerings and a high level of service tailored to the needs of small businesses, differentiate the company from other issuers. Founded in 1951, Advanta has long been an innovator in developing and introducing many of the marketing techniques that are common in the financial services industry today.

Articles from April 2007
More articles from Year 2007


Comments (0)



See Latest Blog Posts:
| Credit Card Blog | Many Types Of Credit Card Benefits On Express Marketing Com | Business Credit Cards Purchase Business Supplies | Time Flies Credit Card Site Upgrades Coming Soon | Highest Quality Linking And Blog Comments Partner | Viral Marketing 2003 Cadillac Cts Advertising;
See Related Blog Posts:
| Advanta Credit Card Advanta Low Apr Business Credit Card | Advanta Business Card Master Master Card News;