Exchange Bank Visa® Business Cash Preferred Card Review for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
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This article is part of a larger series on Best Small Business Credit Cards.
The Exchange Bank Visa® Business Cash Preferred Card is designed for business owners who have an existing deposit account with Exchange Bank. This is also a great option if you prefer to earn unlimited cash back. This small business credit card comes with no annual fee and benefits like zero fraud liability and auto rental collision damage waiver.
To see how this card stacks up against others that we have reviewed on our site, click Add to Compare on the card below and select up to two additional cards for comparison.
Exchange Bank Visa® Business Cash Preferred Card
Intro APR
0% APR for the first six billing cycles on purchases and balance transfers
Regular APR
14.24% to 23.24% variable
Annual Fee
$0
Credit Needed
Good
- $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
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short 0% APR period
- Rewards do expire
- Free employee cards with individual credit limits
- Protection against unauthorized transactions through zero fraud liability
- Free online reporting to view credit card spending by categories, transaction type, and a defined transactional period
Intro APR
0% APR for the first six billing cycles on purchases and balance transfers
Regular APR
14.24% to 23.24% variable
Annual Fee
$0
Credit Needed
Good
- $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
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short 0% APR period
- Rewards do expire
- Free employee cards with individual credit limits
- Protection against unauthorized transactions through zero fraud liability
- Free online reporting to view credit card spending by categories, transaction type, and a defined transactional period
How We Evaluate Cash Back Business Credit Cards
When grading cash back business credit cards like the Exchange Bank Visa® Business Cash Preferred Card, we first rate the ongoing and introductory rewards. We also take into account the annual fee, introductory and ongoing annual percentage rates (APRs), and other card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 10 | 20 |
Annual Fee | 15 | 15 |
Additional Features | 15 | 15 |
Introductory APR | 6 | 10 |
Ongoing APR | 7 | 10 |
Total Score | 73 | 100 |
Who Is The Exchange Bank Visa® Business Cash Preferred Card For?
- Business owners who prefer to earn cash back: The Exchange Bank Visa® Business Cash Preferred Card offers unlimited cash back rewards on everyday business purchases.
- Business owners who pay for software subscriptions: You’ll receive a $100 annual software credit when you pay for a software subscription for 11 consecutive months.
Exchange Bank Visa® Business Cash Preferred Card Fees
- Introductory APR: 0% APR on purchases and balance transfers for the first six billing cycles after opening an account
- Ongoing APR: 14.24% to 23.24% variable
- Annual fee: $0
- Balance transfer fee: $5 or 3% of the amount transferred, whichever is higher
- Foreign transaction fee: 2% of each foreign transaction in U.S. Dollars or 3% of each foreign transaction in a foreign currency
- Cash advance fee: $10 or 4% of the amount of each transaction, whichever is greater—APR is 26.24%
How to Make Payments on the Exchange Bank Visa® Business Cash Preferred Card
- Online or Mobile: Log in to your online banking at www.myaccountaccess.com or mobile banking account to make a payment on your credit card
- Autopay: Set up an automatic monthly withdrawal from a checking or savings account
- By Phone: Call the automated system at (866) 552-8855 from any touch-tone phone to make your payment
Exchange Bank Visa® Business Cash Preferred Card Rewards
- $25 cash back bonus after making your first purchase
- 3% cash back on eligible purchases at electric vehicle charging and gas stations, cell phone service providers, office supply stores, and on dining
- Unlimited 1% cash back on all other eligible purchases
- $100 annual software credit after spending on software subscriptions for 11 consecutive months
You can redeem your cash rewards in the form of a statement credit, as a deposit into another account, or for a rewards card. You need to redeem a minimum of $25 and in increments of $25. You have five years to redeem your cash rewards.
Exchange Bank Visa® Business Cash Preferred Card Additional Features
Online Reporting With Spend Analysis
With Exchange Bank Visa® Business Cash Preferred Card, you can access a free online tool so you can review your credit card expenses on a monthly, quarterly, annual, or year-to-date basis. You can view your expenses by total spending, average ticket, or merchant. This tool also allows you to download an account summary of up to 36 months of data.
Extended Warranty
When you use your Visa business credit card to make a purchase, you’re covered with extended warranty. This coverage will double the manufacturer’s warranty on purchases made with your credit card. Check the details of the terms and conditions for exclusions.
Purchase Protection
When you use your Exchange Bank Visa® Business Cash Preferred Card to make purchases, the items purchased are protected for 90 days against damage or theft. Check the details of the terms and conditions for certain exclusions.
Fraud Protection & Zero Fraud Liability
Visa provides fraud protection to prevent fraudulent activities made with your card. The card issuer will notify you of any unusual card activity. You’re also covered with zero fraud liability, which protects you from fraudulent use of your card or account information in case your card is lost or stolen. You won’t be responsible for any unauthorized purchases.
Auto Rental Collision Damage Waiver Insurance
You’re covered with auto rental collision damage waiver insurance when you charge your entire car rental service on your Visa business credit card. Just decline the rental company’s collision damage waiver option to receive coverage on a 24-hour basis for damage on the car rental due to collision or theft.
Travel & Emergency Assistance
You can call the 24-hour Visa Assistance Center at (800) VISA-911 for assistance or information in case of an emergency. This hotline can help you report a lost or stolen card, emergency card replacement, medical and legal referrals, and transportation assistance. Any fees incurred for the services hired will be for the account of the cardholder.
Pros & Cons of The Exchange Bank Visa® Business Cash Preferred Card
| PROS | CONS |
|---|---|
| Sign-up bonus: You will earn $25 after you make your first purchase using your Exchange Bank Visa® Business Cash Preferred Card. | Short 0% APR period: The Exchange Bank Visa® Business Cash Preferred Card offers a 0% introductory APR on purchases and balance transfers for the first six billing cycles only. |
| Unlimited rewards: You can earn cash back on your business-related purchases without caps or limits on how much you can earn. | Rewards do expire: Your cash back rewards will expire after five years from when they were earned. |
| No annual fee: This card doesn’t charge an annual fee, reducing your overall credit cost. | |
Exchange Bank Visa® Business Cash Preferred Card Alternatives
U.S. Bank Business Platinum Card
The U.S. Bank Business Platinum Card is an excellent alternative because it offers a 0% introductory APR for the first 20 billing cycles on both purchases and balance transfers, which is longer compared to the Exchange Bank Visa® Business Cash Preferred Card. It has no annual fee and comes with a low ongoing APR ranging from 14.99% to 23.99%. However, this card doesn’t offer introductory and ongoing rewards.
U.S. Bank Business Platinum Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Extended 0% APR period on purchases and balance transfers
Intro APR
0% Intro APR on purchases and balance transfers for 18 billing cycles.
Regular APR
14.99% - 23.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited time offer: 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 14.99% - 23.99%.
- U.S. Bank Business Platinum Card
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Intro APR
0% Intro APR on purchases and balance transfers for 18 billing cycles.
Regular APR
14.99% - 23.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited time offer: 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 14.99% - 23.99%.
- U.S. Bank Business Platinum Card
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
U.S. Bank Triple Cash Rewards World Elite Mastercard®
The U.S. Bank Triple Cash Rewards World Elite Mastercard® is a great option if you want a long APR period on both purchases and balance transfers and earn a sign up bonus. It offers a 0% APR for the first 15 billing cycles for both purchases and balance transfers, as well as $500 cash back after you meet the spending requirement.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
0% for first 15 billing cycles
Regular APR
16.99% - 25.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and electric vehicle charging stations, office supply stores, cellphone 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 Travel 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
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 16.99% to 25.99%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- 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 and balance transfers
- Unlimited cash back rewards
- No 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.
Intro APR
0% for first 15 billing cycles
Regular APR
16.99% - 25.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and electric vehicle charging stations, office supply stores, cellphone 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 Travel 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
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 16.99% to 25.99%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- 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 and balance transfers
- Unlimited cash back rewards
- No 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.
PNC Cash Rewards® Visa Signature® Business Credit Card
The PNC Cash Rewards® Visa Signature® Business Credit Card is a good alternative if you have a deposit account with PNC Bank. It offers a 0% APR period on purchases for the first nine billing cycles and comes with a lower ongoing APR that ranges from 10.99% to 19.99%.
PNC Cash Rewards® Visa Signature® Business Credit Card
BEST FOR:
PNC Bank account holders who want to earn cash back rewards
Intro APR
0% for 9 billing cycles
Regular APR
13.24% to 22.24% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so that you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® benefits: This card comes with Visa travel benefits and protection for purchases.
Intro APR
0% for 9 billing cycles
Regular APR
13.24% to 22.24% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so that you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® benefits: This card comes with Visa travel benefits and protection for purchases.
For other credit card alternatives, check out our guide to the best small business credit cards.
Bottom Line
The Exchange Bank Visa® Business Cash Preferred Card is best for business owners who have an existing deposit account with the Exchange Bank. It offers unlimited cash back that you need to redeem within five years. If this card isn’t what you’re looking for, visit our Credit Card Marketplace to find other options.
