Editor’s note: This is a recurring post with regularly updated card details.
Exchange Bank Visa® Business Cash Preferred Card, issued by Elan Financial Services, lets you earn unlimited cash back on your purchases. It comes with no annual fee, a 0% APR period, a welcome bonus, and an automatic annual statement credit for recurring software purchases. Note that Exchange Bank has 28 branches across California.
Exchange Bank Visa® Business Cash Preferred Card
BEST FOR:
Those with existing checking accounts with Exchange Bank who want to earn rewards
- $25 bonus cash back after making your first purchase
- Earn 3% cash back on gas, cellphone services, office supplies, and dining expenses; and 1% on all other purchases
- $100 annual software credit after 11 consecutive monthly software transactions
Pros
- Welcome offer
- Does not charge annual fees
- With a 0% introductory annual percentage rate (APR) on purchases and balance transfers
Cons
- Exchange Bank is only located in 28 branches across the state of California
- Introductory APR is short as compared to other small business credit cards
- Online reporting with spend analysis: You can access a free online reporting tool to review your credit card expenses on a monthly, quarterly, annual, or year-to-date basis.
- Travel and emergency assistance services: Call Visa’s 24/7 Benefit Administrator at (800) 992-6029 to use its services in emergencies.
- Free employee cards: You can add employee cards at no additional cost, allowing you to earn more rewards from employee spending. Plus, you can monitor employee expenses through the free online tool.
- $25 bonus cash back after making your first purchase
- Earn 3% cash back on gas, cellphone services, office supplies, and dining expenses; and 1% on all other purchases
- $100 annual software credit after 11 consecutive monthly software transactions
Pros
- Welcome offer
- Does not charge annual fees
- With a 0% introductory annual percentage rate (APR) on purchases and balance transfers
Cons
- Exchange Bank is only located in 28 branches across the state of California
- Introductory APR is short as compared to other small business credit cards
- Online reporting with spend analysis: You can access a free online reporting tool to review your credit card expenses on a monthly, quarterly, annual, or year-to-date basis.
- Travel and emergency assistance services: Call Visa’s 24/7 Benefit Administrator at (800) 992-6029 to use its services in emergencies.
- Free employee cards: You can add employee cards at no additional cost, allowing you to earn more rewards from employee spending. Plus, you can monitor employee expenses through the free online tool.
When grading cash back business credit cards like the Exchange Bank Visa® Business Cash Preferred Card, we rate the ongoing and introductory rewards first. We also take into account the annual fee, introductory and ongoing APRs, other fees, and additional features.
Grading Criteria | Card Score | Highest Possible Score |
---|---|---|
Ongoing Rewards | 20 | 25 |
Introductory Rewards | 10 | 25 |
Annual Fee | 10 | 10 |
Additional Features | 10 | 10 |
Introductory APR | 6 | 10 |
Ongoing APR | 8 | 10 |
Other Fees | 7 | 10 |
Total Score | 71 | 100 |
Who the Exchange Bank Visa® Business Cash Preferred Card Is Best For
- Business owners who prefer to earn cash back: You can earn unlimited cash back on all business-related purchases.
- Businesses with software subscriptions: You will receive a $100 annual credit for your software subscriptions.
- Businesses based in California: Since Exchange Bank has branches only in California, it’s easier if your business is based in California and near one of its branches.
Exchange Bank Visa® Business Cash Preferred Card Rewards
- $25 cash back after making your first purchase
- 3% cash back at gas stations Purchases at gas stations greater than $200 are not considered an automotive gasoline purchase and will therefore earn 1% cash back. , cellphone service providers, office supply stores, and on dining
- 1% cash back on all other purchases
- $100 annual software credit after 11 consecutive monthly software transactions
Exchange Bank Visa® Business Cash Preferred Card Rewards Calculator
Do you want to know how much you can earn from the Exchange Bank Visa® Business Cash Preferred Card? You can use our calculator to compute your potential rewards—just input your projected monthly expenses according to the expense categories indicated, and our calculator will do the rest.
How To Redeem Your Exchange Bank Visa® Business Cash Preferred Card Rewards
You may redeem your cash rewards:
- As a deposit to an eligible Exchange Bank checking or savings account, which will be deposited within one to two billing cycles
- As s statement credit to your credit card account within one to two billing cycles
- As a Rewards Card; note that you need at least $25 to redeem
Exchange Bank Visa® Business Cash Preferred Card Additional Features
Protection Coverage
- Fraud protection: To prevent fraudulent transactions, the issuer will notify you if there are any unusual card activities made with your card.
- Zero fraud liability: In case your card is lost or stolen, zero fraud liability protects you from fraudulent use of your card or account information, and you won’t be responsible for any unauthorized purchases.
- Auto rental collision damage waiver insurance: To be eligible for this coverage, you need to charge your entire car rental service to this card. Decline the rental company’s collision damage waiver to receive coverage for damage on the car rental due to collision or theft. Refer to the guide for more information.
Cash Management
- Online reporting with spend analysis: You can access a free online reporting tool to monitor your spending in real-time, or review your credit card expenses on a monthly, quarterly, annual, or year-to-date basis.
- Free employee cards: You can add employee cards at no additional cost, allowing you to earn more rewards from employee spending.
Exchange Bank Visa® Business Cash Preferred Card Fees
APR
- Introductory: 0% APR on purchases and balance transfers for the first six billing cycles after opening an account
- Ongoing and balance transfers: 19.24% to 28.24% variable, which adjusts with the prime rate (the minimum interest charge is $1)
- Cash advance: 29.99% variable, which adjusts with the prime rate
- Penalty: 32.49% variable, which adjusts with the prime rate. This applies to your account when:
- You made payments five calendar days late twice
- You made payment 30 calendar days late once
- Your payment is returned
- You exceed your credit limit twice in 12 consecutive months
Fees
- Annual: $0
- Balance transfer and convenience check cash advance: Either $5 or 3% of the amount of each transfer, whichever is higher
- Cash advance, cash advance ATM, and cash equivalent advance: Either $10 or 4% of the amount of each transaction, whichever is greater
- Foreign transaction:
- 2% of each foreign transaction in United States dollars (USD)
- 3% of each foreign transaction in a foreign currency
- Overdraft protection: $10
- Late payment:
- $19 on balances less than $100
- $29 on balances from $100 to $250
- $39 on balances of $250 or more
- Returned payment: $35
- Overlimit: $39
Your due date is 24 to 30 days after the close of each billing cycle.
- Digital: Log in to your online banking at www.myaccountaccess.com or through the Exchange Bank mobile app.
- In-person: Go to the nearest Exchange Bank and pay your credit card balance.
Exchange Bank Visa® Business Cash Preferred Card Alternatives
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back with long 0% APR period
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% APR applies to both purchases
- Unlimited cash back rewards
- $0 annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% APR applies to both purchases
- Unlimited cash back rewards
- $0 annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
When To Consider the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
- You need a long 0% APR period: The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® comes with a 12-month long 0% APR for purchases. This allows you to enjoy interest-free financing if you need to make a large purchase or consolidate debts from other cards.
- You usually travel for business: It offers 5% cash back on prepaid hotels and car rentals directly booked in the Travel Rewards Center.
Other Benefits
- Charges $0 annual fee
- Lets you earn 3% cash back at gas and electric vehicle (EV) charging stations, office supply stores, cellphone service providers, and restaurants, and 1% cash back on all other eligible purchases
- Offers $750 bonus cash back when you spend at least $6,000 within the first 180 days of card ownership
- Comes with $100 annual statement credit for recurring software subscriptions
- Features ExtendPay® Plan, which lets you divide your eligible balance into monthly installments without interest—just pay a small fixed monthly fee
It is also one of our top 0% APR business credit cards and best business credit cards for balance transfers because of its long 0% APR period.
Bank of America Business Advantage Customized Cash Rewards
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
BEST FOR:
Those who want to earn 3% cash back in a spending category of their choice
9 billing cycles
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee.
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire as long as your account remains open.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- $0 annual fee
- Welcome offer
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
9 billing cycles
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee.
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire as long as your account remains open.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- $0 annual fee
- Welcome offer
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
When To Consider Bank of America Business Advantage Customized Cash Rewards
- Your business has varying expenses each month: You can choose the spending category where you’ll earn premium rewards. You can earn 3% cash back rewards on your chosen spending category, such as gas stations, office supply stores, travel, telecom services, computer services, and business consulting.
- You have a business deposit account with Bank of America: You can earn up to 75% more cash back if you have a Bank of America business checking account and qualify for the Preferred Rewards for Business program.
Other Benefits
- Has $0 annual fee
- Offers $300 statement credit after you spend $3,000 in the first 90 days of your account opening
- Comes with 0% introductory APR on purchases for the first nine billing cycles
It is also one of our leading cash back business credit cards because of its unique rewards structure.
American Express Blue Business® Plus Credit Card
The Blue Business® Plus Credit Card from American Express
BEST FOR:
Pocketing 2x points per $1 and 0% introductory APR for 12 months
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
- No Annual Fee
- Terms Apply
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
- No Annual Fee
- Terms Apply
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
When To Consider the American Express Blue Business® Plus Credit Card
- You prefer to earn points rewards: You’ll receive 2x points on the first $50,000 purchases in a calendar year, then 1x point thereafter.
- You need to spend above your credit limit: It features Expanded Buying Power, which lets you spend beyond your credit limit when needed. The amount you can spend adjusts based on your payment behavior, credit history, credit usage, and other financial factors.
Other Benefits
- Charges $0 annual fee
- Lets you earn 15,000 points as a welcome offer when you spend $3,000 in the first three months of card ownership
- Comes with 0% APR on purchases for 12 months
The card is also our top business credit card for real estate agents. Note, however, that it does not allow cash advances.
Frequently Asked Questions (FAQs)
Your cash back bonus will be applied 6 to 8 weeks after you make your first purchase. It’s worth noting that you cannot earn the $25 cash bonus for balance transfer or cash advance transactions.
Your cash rewards expire after five years, so it’s best to redeem them as soon as you can. Also, you can only participate in the rewards program for as long as your account remains open and in good standing. You may refer to your credit card’s terms and conditions for more information.
Bottom Line
Associated Bank Visa® Business Cash Preferred Credit Card is a good option if you have software subscriptions and prefer to earn cash back rewards. Since the issuer has branches only in California, it’s best if your business is located near one of its branches. Ideally, you need to maintain a business bank account with Exchange Bank so that you can redeem your rewards as a deposit to your account. Keep in mind that while the card offers an interest-free financing period, it is shorter compared to other business credit cards.