Exchange Bank Max Cash Preferred Card

Exchange Bank Max Cash Preferred Card Review

This is a cashback credit card issued by Exchange Bank of California. If you're wondering whether Exchange Bank Max Cash Preferred Card is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• $150 bonus (15,000 points) after $500 in eligible net purchases are made within the first 90 days of account opening.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.49% up to 27.49%.
• 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 Max Cash Preferred Card charges a fee of 3% on balance transfers, if you transfer the balance within 366 days of opening the account. 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 Max Cash Preferred Card

Exchange Bank Max Cash Preferred Card FAQ

Does Exchange Bank Max Cash Preferred Card have a cash back or rewards program?

No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

What are the relevant APRs for Exchange Bank Max Cash Preferred Card?

Exchange Bank Max Cash Preferred Card has a variable purchase APR that ranges from 17.49% up to 27.49%. The card has a variable balance transfer APR that ranges from 17.49% up to 27.49%. It also has a variable cash advance APR of 28.99% .

What are the fees for Exchange Bank Max Cash Preferred Card?

The following fees apply:

• There is no overlimit fee

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Exchange Bank Max Cash Preferred Card report your account activity to credit bureaus?

Yes, Exchange Bank Max Cash Preferred 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 for Exchange Bank Max Cash Preferred Card

• Visit the Exchange Bank Max Cash Preferred Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.