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  Exchange Bank of California Business Real Rewards Card
Exchange Bank of California Business Real Rewards Card Unaffiliated

Exchange Bank of California Business Real Rewards Card

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Highlights
Purchase APR  (Variable APR) 16.99% - 25.99%
(Verified 10/24/2022)
Balance Transfer APR  (Variable APR) 16.99% - 25.99%
(Verified 10/24/2022)
Credit Score Range 650 - 850
Annual Fee $0

Exchange Bank of California Business Real Rewards Card Review

Key Takeaways

  • 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 2500 points that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. Exchange Bank of California Business Real Rewards Card has a variable purchase APR that ranges from 16.99% up to 25.99%.
  • 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 of California Business Real Rewards 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 of California Business Real Rewards Card

The Good The Bad
  • 0% APR balance transfer intro rate on balance transfers for up to 6 months.
  • 0% APR on new purchases during the first 6 months. There is then a variable purchase APR that ranges from 16.99% up to 25.99%.
  • No annual fee.
  • Exchange Bank of California Business Real Rewards Card reports to multiple credit bureaus.
  • Charges a foreign transaction fee of 2%.
  • Rewards bonus rate of only 1.5% on most everyday purchases. Terms apply*.
  • Charges a 3% balance transfer fee. After the introductory period, the fee is 3% of the balance transferred or $5, whichever is greater.
  • Does not include many credit card benefits.

Exchange Bank of California Business Real Rewards Card FAQ

Who is Exchange Bank of California Business Real Rewards Card designed for?

This is a credit card issued by Exchange Bank of California.

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 variable purchase APR that ranges from 16.99% up to 25.99%. The card has a variable balance transfer APR that ranges from 16.99% up to 25.99%.

It also has a variable cash advance APR of 28.99%. Note that late payments are subject to an APR of 30.24% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 6 months from account opening.

This business card does offer an introductory APR rate on new purchases of 0% for a period of 6 months.

Exchange Bank of California Business Real Rewards Card Rates & Terms
Purchase APR 16.99% - 25.99%
Balance Transfer APR 16.99% - 25.99%
Cash Advance APR 28.99%
Penalty APR 30.24%

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 charge a foreign transaction fee?

This business card charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. If you travel abroad you may want to leave this business card at home and apply for one that doesn't charge a foreign transaction fee.

Exchange Bank of California Business Real Rewards Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 2%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $5
Returned Payment Fee $35
Late Payment Fee $19 to $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 1.5% 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:

  • Advertising Services
  • Airfare
  • Amazon.com
  • Car Rentals
  • Internet, Cable and Phone Services
  • Drug Stores
  • Education
  • Every Purchase
  • Furniture
  • Gas stations
  • Groceries
  • Gyms
  • Home Improvement
  • Hotels
  • Insurance
  • Office Supply Stores
  • Restaurants
  • Retail
  • Shipping
  • Software, Hardware, Cloud
  • Utilities
  • Warehouse Clubs

What are the benefits?

This business credit card provides the following benefits:

  • Fraud Liability
  • No blackout dates when redeeming miles
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 995-4066.

What is the support contact email?

The support contact email for this business credit card is info@exchangebank.com.

Does Exchange Bank of California Business Real Rewards Card report your account activity to credit bureaus?

Yes, Exchange Bank of California Business Real Rewards 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 of California .
  • 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.
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Message From Exchange Bank of California Business Real Rewards Card

Earn 1.5 points monthly for every $1 you spend on eligible net purchases (equal to 1.5% cash back). Intro APR* for Purchases and Balance Transfers: Business Real Rewards: 0% introductory APR for the first 6 billing cycles. After that, 13.99% to 22.99% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate. See terms & conditions. 2,500 bonus rewards points awarded after first purchase. Earn 1.5 points monthly for every $1 you spend on eligible net purchases (equal to 1.5% cash back). Earn 1.5 points monthly for every $1 you spend on eligible net purchases (equal to 1.5% cash back). Earn 2,500 bonus rewards points after your first purchase. There's no limit on the number of points you can earn, and you have five years to redeem for rewards.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Exchange Bank of California

Icon for Business Credit Cards
View all business credit cards offered by Exchange Bank of California

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 6 months
Annual Fee $0
Cash Advance Fee (%) 4%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 2%
Late Fee Amount $19 - $39
Minimum Cash Advance Fee ($) $10
Minimum Interest Charge $1
No Annual Fee
No Interest Grace Period for Late Payment 24 days
Over-Limit Fee $39
Returned Payment Fee $35
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
Bonus Rewards Earn 2,500 bonus rewards points after your first purchase.
No Blackout Dates
Rewards Categories
  • Starting at 1.5% Cash Back on Every Purchase
Signup Bonus (points) 2,500
APR Type Variable APR
Balance Computation Average daily balance (including new purchases)
Cash Advance APR (Variable APR) 28.99%
Penalty APR (Variable APR) 30.24%
Purchase APR (Variable APR) 16.99% - 25.99%
(Verified 10/24/2022)
Balance Transfer Fee % 3%
Balance Transfer Fee % After Intro Period 3%
Balance Transfer Fee Minimum $5
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer APR (Variable APR) 16.99% - 25.99%
(Verified 10/24/2022)
Card Network Visa
Card Type
  • Cashback

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