Exchange Bank and Trust Visa® Business Card Review

• Competitive APRs. Exchange Bank and Trust Visa® Business Card has a fixed purchase APR of 10.17%
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

The Good

The Bad

Lower than average purchase APRs. Multiple business credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Identity Theft Protection. Travel accident and travel assistance insurance. Cardholders can earn rewards on purchases everywhere Exchange Bank and Trust Visa® Business Card is accepted. Exchange Bank and Trust Visa® Business Card reports to multiple credit bureaus.

Charges an annual fee of $29 Does not offer a signup bonus. Charges a foreign transaction fee of 3%.

Who is Exchange Bank and Trust Visa® Business Card designed for?

This is a credit card issued by Exchange Bank and Trust. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs?

This business credit card has a fixed purchase APR of 10.17%. The card has a fixed balance transfer APR of 10.17% .

It also has a fixed cash advance APR of 21%. Note that late payments are subject to an APR of 21% 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:

• An annual fee of $29.
• A late payment penalty of up to $29.
• A returned payment fee of up to $29.
• An overlimit fee of $29.

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

• Every Purchase

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Fraud Liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (913) 367-6000.

What is the support contact email?

The support contact email for this business credit card is ibank@myexchangebank.com.

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

Yes, Exchange Bank and Trust Visa® Business 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 and Trust .
• 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.