Harborstone Credit Union Business Cash Preferred Card, issued by Elan Financial Services, is designed for Harborstone Credit Union members with an existing business checking account. This small business credit card offers unlimited cash back on business-related purchases and comes with no annual fee and a low ongoing annual percentage rate (APR).
For your business to become an eligible member of the Harborstone Credit Union, you must have the following:
- A valid Washington State business license.
- A physical address for yourself and your business.
- Certain documentation depending on your business type.
Harborstone Credit Union is located in multiple CO-OP shared branches spread across the state of Washington. You can find the nearest branch to make your transaction.
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.
Harborstone Credit Union Business Cash Preferred Card
BEST FOR:
Members of Harborstone Credit Union wanting to earn cash back rewards
Intro APR
0% APR for the first six billing cycles on purchases and balance transfers
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 0% introductory APR on purchases and balance transfers
- Offers rewards for both new and existing cardholders
- Does not charge annual fees
Cons
- Short 0% introductory APR period
- Rewards do expire
- Can only be secured by members of Harborstone Credit Union
- Free employee cards: You can control the spending limits or the types of purchases allowed for each employee card.
- Online reporting: The card comes with a free online tool that lets you review your credit card expenses on a monthly, quarterly, annual, or year-to-date basis.
- Zero fraud liability: You’re also covered with zero fraud liability in case your card is lost or stolen. You will not be responsible for any unauthorized purchases.
- Auto rental collision damage waiver: To qualify, you need to charge your entire car rental service to this card. You must decline the rental company’s collision damage waiver option to receive coverage on a 24-hour basis for damage to the rental due to collision or theft.
Intro APR
0% APR for the first six billing cycles on purchases and balance transfers
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 0% introductory APR on purchases and balance transfers
- Offers rewards for both new and existing cardholders
- Does not charge annual fees
Cons
- Short 0% introductory APR period
- Rewards do expire
- Can only be secured by members of Harborstone Credit Union
- Free employee cards: You can control the spending limits or the types of purchases allowed for each employee card.
- Online reporting: The card comes with a free online tool that lets you review your credit card expenses on a monthly, quarterly, annual, or year-to-date basis.
- Zero fraud liability: You’re also covered with zero fraud liability in case your card is lost or stolen. You will not be responsible for any unauthorized purchases.
- Auto rental collision damage waiver: To qualify, you need to charge your entire car rental service to this card. You must decline the rental company’s collision damage waiver option to receive coverage on a 24-hour basis for damage to the rental due to collision or theft.
When grading cash back business credit cards like the Harborstone Credit Union Business Cash Preferred Card, we first consider the ongoing and introductory rewards. 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 | 25 | 30 |
Introductory Rewards | 10 | 20 |
Annual Fee | 15 | 15 |
Additional Features | 15 | 15 |
Introductory APR | 5 | 10 |
Ongoing APR | 7 | 10 |
Total Score | 77 | 100 |
Who Is Harborstone Credit Union Business Cash Preferred Card Best For?
- Those who pay for software subscriptions: You can get a $100 annual credit when you pay for a software subscription for 11 consecutive months.
- Members of Harborstone Credit Union with an existing business checking account wanting cash back rewards: If you have an existing business checking account with Harborstone Credit Union and want to earn rewards from business expenses, then this card allows you to manage all of your transactions within one financial institution and let you earn premium cash back rewards on certain categories.
- Businesses in Washington: If your business is within Washington, transacting in person will be easy as most of the credit union’s branches are located there.
Check out our recommended alternatives below if this card doesn’t fit the bill.
Harborstone Credit Union Business Cash Preferred Card Fees
APR
- Introductory: 0% APR on purchases for the first six months after opening an account; for balance transfers, the same introductory APR will apply if you make a transfer within 186 days of account opening
- 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 and when it applies: 32.24% variable, may be applied to your account if you:
- Make payments five calendar days late twice
- Make a payment 30 calendar days late once
- Exceed your credit limit twice in 12 consecutive months
- Make a payment that’s returned
Fees
- Annual: $0
- Minimum interest charge: No less than $1
- Balance transfer and convenience check cash advance: Either $5 or 3% of the amount of each transfer or advance, whichever is greater
- Cash advance, cash advance ATM, and cash equivalent advance: Either $10 or 4% of the amount of each transfer, whichever is greater
- Overdraft protection: $10
- Foreign transaction:
- 2% of each transaction in United States dollars (USD)
- 3% of each transaction in a foreign currency
- Late payment:
- $19 on balances up to $100
- $29 on balances from $100 to $250
- $39 on balances of $250 or more
- Returned payment: $35
- Overlimit: $39
Your due date is within 24 to 30 days after the close of each billing cycle.
- Online: Log in to your online banking at harborstone.com/home/home to make your payment. Alternatively, you can manage your credit card payments online at myaccountaccess.com.
- In-person: You can go either to the nearest Harborstone branch or the Shared Branching location to make your payment.
Harborstone Credit Union Business Cash Preferred Card Rewards
- $25 cash back bonus after making your first purchase
- 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and dining, including takeout and food delivery service purchases
- Unlimited 1% cash back on all other eligible purchases
- $100 annual software credit after spending on subscriptions for 11 consecutive months
Cash Back Rewards Explained
You can use its calculator to compute the potential rewards you might earn from using the Harborstone Credit Union Business Cash Preferred Card. Input your projected monthly spending per category and let its calculator do the rest.
You can redeem your cash rewards as a deposit to a checking or savings account within Harborstone Credit Union, as a statement credit to your credit card account, or as a Rewards Card (with a $25 minimum redemption). For the first two options, it will be credited to you within one to two billing cycles. Note that not all transactions are eligible to earn rewards, such as advances, balance transfers, and convenience checks, and that rewards expire five years from the end of the quarter when they are earned.
Harborstone Credit Union Business Cash Preferred Card Additional Features
Cash Management
- Online reporting: The card comes with a free online tool that lets you review your credit card expenses on a monthly, quarterly, annual, or year-to-date basis.
- Free employee cards: You can control the spending limits or the types of purchases allowed for each employee card.
Protection Coverage
- Purchase security/extended protection
- Purchase security: If the item purchased with your card gets stolen/damaged/lost, you are entitled to a maximum coverage of $10,000 per claim.
- Extended protection: Extends the period of the manufacturer’s written US warranty by up to one year for warranties of three years or less. A maximum coverage of $10,000 per claim is available.
- Zero fraud liability: You’re also covered with zero fraud liability in case your card is lost or stolen. You will not be responsible for any unauthorized purchases.
- Auto rental collision damage waiver: To qualify, you need to charge your entire car rental service to this card. You must decline the rental company’s collision damage waiver option to receive coverage on a 24-hour basis for damage to the rental due to collision or theft.
- Road dispatch®: Call (800) 847-2869 to get access to Visa’s Road Dispatch®, a pay-per-use roadside assistance program. This program provides standard towing, tire changing, jump-starting, lockout service, fuel delivery, and standard winching.
Other Benefits
- Travel and emergency assistance: You can call the 24-hour Visa Assistance Center at (800) 992-6029 for assistance or information in case of an emergency. Call this hotline to report a lost or stolen card, get emergency card replacement, for medical and legal referrals, and for transportation assistance.
- Visa SavingsEdge: You can enjoy special discounts through this program. There are no coupons needed, and discounts appear as automatic statement credits.
Harborstone Credit Union Business Cash Preferred Card Alternatives
American Express Blue Business CashTM
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 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 as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, 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% intro APR
- Welcome bonus
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 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 as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, 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% intro APR
- Welcome bonus
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
- Is an option for those who want a straightforward cash back rewards system and may exceed their credit limit
- Lets you earn 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% after that
- Offers expanded buying power, which allows you to spend over your credit limit; note that the amount you can spend depends on your card usage, payment history, credit score, and financial resources
- Has a 0% introductory APR on purchases for the first 12 months
- Is in our roundups 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, cell phone service providers, and restaurants, and 1% cash back on all other eligible purchases.
- Is one of our:
Capital One® Spark® Classic for Business
Capital One® Spark® Classic for Business
BEST FOR:
Those with fair credit
Intro APR
N/A
Regular APR
30.74% variable
Annual Fee
$0
Credit Needed
Fair
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No sign-up bonus
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Intro APR
N/A
Regular APR
30.74% variable
Annual Fee
$0
Credit Needed
Fair
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No sign-up bonus
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
- Is best suited if you have fair credit and do not want annual, balance transfer, and foreign transaction fees
- Lacks 0% introductory APR for purchases and balance transfers
- Lets you earn unlimited 1% cash back on all purchases, with no minimum to redeem
- Is in our roundup of the:
Bottom Line
Harborstone Credit Union Business Cash Preferred Card is a good option if you have an account with the Harborstone Credit Union. It offers a $25 cash back bonus after making your first purchase, 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and restaurants, and unlimited 1% cash back on all other eligible purchases. Keep in mind that you should redeem your rewards within five years before they expire.
