Exchange Bank Visa® Business Cash Card

Exchange Bank Visa® Business Cash Card Review

This is a cashback card issued by Exchange Bank of Milledgeville. If you're wondering whether Exchange Bank Visa® Business Cash Card is the right card for you, read on.

Key Takeaways

• Business credit card with generous reward rate. You can get a maximum cashback rewards rate of up to 3x.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 6 months , which is shorter than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Signup bonus. Offers a signup bonus of up to $25.
• Competitive APRs. Exchange Bank Visa® Business Cash Card has a variable purchase APR that ranges from 13.99% up to 22.99%.
• No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Exchange Bank Visa® Business Cash Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% every time you make a transaction outside the U.S.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Exchange Bank Visa® Business Cash Card

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 13.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 13.99% up to 22.99%.

It also has a variable cash advance APR of 23.99%. Note that late payments are subject to an APR of 28.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What fees does it charge?

The following fees apply to this business credit card:

• There is no annual fee.
• A late payment penalty of up to $39.
• A returned payment fee of up to $35.
• An overlimit fee of $39.

Does it offer a cash back or rewards program?

No, it does not offer a cash back rewards program. The rewards program allows you to earn 1% cash with every purchase you make. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

• Internet, Cable and Phone Services
• Every Purchase
• Gas stations
• Office Supply Stores
• Restaurants
• Utilities

What is the customer service phone number?

The customer service number for this business card is (478) 452-4531.

What is the support contact email?

The support contact email for this business credit card is servicing@exch.bank.

Does Exchange Bank Visa® Business Cash Card report your account activity to credit bureaus?

Yes, Exchange Bank Visa® Business Cash Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

• Visit the Exchange Bank Visa® Business Cash Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.