Exchange Bank Visa® Business Cash Preferred Card, issued by Elan Financial Services, is designed for business owners who have existing checking accounts with Exchange Bank. This is also a great option if you want a card with unlimited cash back, no annual fee, and benefits like zero fraud liability and auto rental collision damage waiver.
Exchange Bank is located in 28 branches spread across the state of California.
To see how this card stacks up against others 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
BEST FOR:
Those with existing checking accounts with Exchange Bank wanting to earn rewards
Intro APR
0%
Regular APR
18.99% to 27.99% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- $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
- With sign-up bonus
- 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.
Intro APR
0%
Regular APR
18.99% to 27.99% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- $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
- With sign-up bonus
- 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, 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 the Exchange Bank Visa® Business Cash Preferred Card Is Best For
- Those who prefer to earn cash back: It offers unlimited cash back rewards on everyday business purchases.
- Those who pay for software subscriptions: You’ll receive a $100 annual software credit when you pay for a software subscription for 11 consecutive months.
- Those with existing checking accounts with Exchange Bank: If you have an existing checking account with Exchange Bank, getting this card will be viable as it lets you do all of your transactions within one bank.
If this card doesn’t fit your needs, see our recommended alternatives below.
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: 18.99% to 27.99% variable, which adjusts with the prime rate
- Cash advance: 29.99% variable, which adjusts with the prime rate
- Penalty: 32.24% 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
- Minimum interest charge: No less than $1
- 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 Rewards
- $25 cash back bonus after making your first purchase
- 3% cash back on eligible purchases at eligible gas stations, cell phone service providers, office supply stores, and on dining, including food delivery services
- Unlimited 1% cash back on all other eligible purchases
- $100 annual software credit after spending on software subscriptions for 11 consecutive months
Cash Back Rewards Explained
You can use our calculator to compute the potential rewards you might earn from using the Exchange Bank Visa® Business Cash Preferred Card. Just input your projected monthly spending per category and let our calculator do the rest.
Redeem your cash rewards in the form of a statement credit or as a deposit into an eligible Exchange Bank savings or checking account. You need to redeem a minimum of $25 and in increments of $25 thereafter. You have five years to redeem your cash rewards.
Exchange Bank Visa® Business Cash Preferred Card Additional Features
Protection Coverage
- Fraud protection: Visa provides fraud protection to prevent fraudulent activities made with your card. The issuer will notify you of any unusual card activity.
- Zero fraud liability: In case your card is lost or stolen, you’re covered with zero fraud liability, which protects you from fraudulent use of your card or account information. You won’t be responsible for any unauthorized purchases. Refer to the guide for more information.
- 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.
- Travel and emergency assistance services: Call Visa’s 24/7 Benefit Administrator at (800) 992-6029 to use its services in emergencies.
- Purchase security and extended warranty protection
- Purchase security: You are entitled to a maximum of $10,000 per claim and $50,000 per cardholder in the event of theft or damage to your purchases.
- Extended warranty protection: Your warranty coverages are extended to an additional year on warranties with three years or fewer.
Cash Management
- 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.
- 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.
Exchange Bank Visa® Business Cash Preferred Card Alternatives
Chase Ink Business Unlimited®
Ink Business Unlimited® Credit Card
BEST FOR:
Those who want fixed-rate 1.5% cash back on all purchases
Intro APR
0% Intro APR on Purchases
Regular APR
18.49% - 24.49% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
Intro APR
0% Intro APR on Purchases
Regular APR
18.49% - 24.49% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
- Is best suited if you want an alternative fixed rate rewards card as it lets you earn unlimited 1.5% cash back on all business-related purchases
- Offer 0% APR on purchases for the first 12 billing cycles
- Does not charge annual fees
- Is on our lists of the:
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
Regular APR
19.24% - 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 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
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
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
Regular APR
19.24% - 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 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
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
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.
- Is a great choice if you want premium rewards and 0% introductory APR on purchases and balance transfers (for the first 15 billing cycles)
- Does not charge annual fees
- Lets you earn 5% cash back on prepaid hotels and car rentals directly booked in the Travel Rewards Center, 3% cash back on eligible purchases 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.
- Is one of our:
Emburse Spend Card
- Is a great option for those wanting a business prepaid card with rewards
- Offers unlimited 1% cash back on all purchases
- Does not charge fees for domestic transactions and adding virtual and physical cards
- Lets you deposit up to a maximum of $100,000
- Is on our list of the:
Bottom Line
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, which you need to redeem within five years.
