Elan Financial Max Cash Preferred: $150 after Spending $500 and 5% Cash Back on Two Categories

Available Nationwide (Through Participating Banks / Credit Unions)

Offer Link – Using Deerwood Bank (MN) as an Example


  1. $150 bonus after spending $500 within the first 90 days.
  2. No annual fee.
  3. 5% cash back on two categories of your choice* (up to $2,000 in purchases each quarter).
  4. 2% cash back on one category of your choice**.
  5. 1% cash back on all other purchases.
  6. 3% foreign transaction fee.
  7. $25 minimum redemption (statement credit or deposit into associated financial institution’s checking / savings account)
  8. Cash back does not expire.
  9. 0% introductory balance transfer APR for 18 months (5% balance transfer fee).

*Categories are cell phone providers, department stores, electronic stores, entertainment, fast food, furniture stores, home utilities, recreation, and TV, internet, and streaming services.

**2% cash back categories are gas stations and ground transportation, grocery stores and grocery delivery, and restaurants and food delivery.


Like the U.S. Bank Cash+, the Max Cash Preferred is pretty good, but does a few things a little differently (for example, cash back does not expire). That being said, this card, for the most part, has the exact same strengths and weaknesses. Check out Does This Financial Institution Offer Credit Cards? to see if a financial institution offers Elan Financial’s credit card portfolio.


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