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Elan "Max Cash" -vs- US Bank Cash+

ChargedUp
Valued Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+

Very interesting! Elan let me PC my plain Visa no rewards to the Visa "Real Rewards" a couple years ago... I wonder if I can PC to the "Max Rewards"?

 

I may give this a shot. 5% back on utilities will free up my 3X BBVA Clearpoints category for something else crazy.gif

 

Hat tip to @Aim_High  hi.gif

 

BTW... If you'd rather have this as a Mastercard...
https://online1.elancard.com/oad/begin?locationCode=26809

Banc of California

https://online1.elancard.com/oad/begin?locationCode=26953

Greater Nevada Credit Union

https://online1.elancard.com/oad/begin?locationCode=27461

First National Bank of Texas

 

FWIW, the "location code" in the above web address signifies which FI your card will have on the front. If there's a card that says it's geofenced, simply take the location code from that FI and put it into the above web page and you'll get the apply page directly from Elan, who will issue the card nationwide.

 

Elan used to have Amex co-branded cards also, which seem to have vanished now.

AODFCU 3% Visa ($10K), Amex PRG (NPSL), Amex Blue Cash ($27K), Amex Simply Cash+ ($4K), Amex Business Cash ($22.5K), Discover ($29.7K), Cap 1 Union Plus MC ($2500), Chase FU Visa Sig ($12K), Chase F Visa Sig ($8.3K), Chase CSP Visa Sig($6.5K), FCB/Elan Rewards Visa Sig($15K), Buckle ($1.3K), BofA AAA Rewards ($84.5K), Paypal credit ($10K), BBVA Clearpoints ($7.5K), Cap 1 Savor ($13K), PenFed PCR ($3500), Bank of the West CB MC ($3K), PNC Cash Rewards ($14K), NASAFCU Rewards Visa ($20K), BOC/Elan Max Cash MC ($25K), BoA Business Customized Cash Rewards MC ($8k)
Message 11 of 900
kdm31091
Super Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+

I'm not sure but I would think underwriting is going to be pretty similar since it's the same underlying issuer. Your local bank offers the card, via a third party. Since the third party is the same, I would think the underwriting will also be the same, but who knows? 

 

Just glancing at the one local to me (Fulton Bank) the 5% categories are similar, but not identical, to the US Bank version. (US Bank does not have "recreation" or "entertainment" AFAIK). 

Message 12 of 900
Ficoproblems247
Valued Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+

@Aim_High  Thank you for posting this! I'm in the midst of gardening until June '21 for a Cash+. I live in the middle of nowhere in rural MI so bank options can be a little more limiting to me sometimes, however TWO different banks from this list have branches less than 10 miles from me! I think your post may help a lot of folks, thank you very much for taking the time to start such a comprehensive list! Smiley Happy I can't wait to start researching these cards. 




FICO 8 Oct '21 EX 749 EQ 748 TU 736
Message 13 of 900
credit_is_crack
Valued Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+

Great post @Aim_High  Found this online in case anyone is looking for it, took me a while to dig it up. These descriptions are almost more accurate than what the Cash+ has published, and the recreation category is pretty broad. It's essentially a sporting good/fitness/gym blend. It's like you said, virtually a cash+ replacement 

 

I googled "elan financial max cash preferred credit card" and it was the 2nd option down (PDF file)

 

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Screen Shot 2020-12-05 at 10.03.30 AM.pngScreen Shot 2020-12-05 at 10.03.37 AM.pngScreen Shot 2020-12-05 at 10.03.43 AM.pngScreen Shot 2020-12-05 at 10.03.50 AM.pngScreen Shot 2020-12-05 at 10.03.56 AM.pngScreen Shot 2020-12-05 at 10.04.03 AM.png

 

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Message 14 of 900
UpperNwGuy
Valued Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+

@Aim_High 

About two years ago US Bank announced it wanted to sell Elan.  As best I can tell, they sold the debit card and ATM portion of Elan but did not sell the credit card business.  Am I remembering this correctly?  Is US Bank still hoping to sell the rest of Elan?

Daily Carry: PenFed Power Cash • NFCU Flagship • NFCU More Rewards • Chase Freedom Unlimited
Sock Drawer: PenFed Promise • NFCU cashRewards • Chase Sapphire Preferred • Chase Freedom • Chase United MileagePlus • UNFCU Azure
Message 15 of 900
Curious_George2
Established Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+

Awesome find, @Aim_High! Thank you so much for finding this, researching the details, and posting about it. This could be one of the most helpful threads of the year. Cash+ rewards for the masses, brought to you by your small local FI, Elan, and Aim High!

 


Message 16 of 900
Carmy03
Established Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+

Thanks @Aim_High ! Us bank cash + is one of my goals cards for next year and to see credit union of Georgia have something very similar is exciting. 

Message 17 of 900
Slabenstein
Valued Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+


@UpperNwGuy wrote:

@Aim_High 

About two years ago US Bank announced it wanted to sell Elan.  As best I can tell, they sold the debit card and ATM portion of Elan but did not sell the credit card business.  Am I remembering this correctly?  Is US Bank still hoping to sell the rest of Elan?


Elan did debit and ATM cards as of late 2019/early 2020.  Dunno if that's still the case.


Message 18 of 900
FinStar
Moderator

Re: Elan "Max Cash" -vs- US Bank Cash+


@UpperNwGuy wrote:

@Aim_High 

About two years ago US Bank announced it wanted to sell Elan.  As best I can tell, they sold the debit card and ATM portion of Elan but did not sell the credit card business.  Am I remembering this correctly?  Is US Bank still hoping to sell the rest of Elan?


US Bank only wanted to divest the third party ATM and debit processing solutions business, which was sold to Fiserv.  There were no discussions to sell the [ELAN] credit card business. 

Message 19 of 900
SouthJamaica
Super Contributor

Re: Elan "Max Cash" -vs- US Bank Cash+

Great job, @Aim_High Fantastically useful post.

 

My sad story: I recently dropped my oldest continual banking relationship, because they simply never had any products in which I was interested. After reading your post I remembered that their credit cards were always "Elan" cards, so I went to their site, and sure enough they've got this card.

 

Only I no longer have a banking relationship with them that I can point to Smiley Happy


Total revolving limits 677500 (584500 reporting) FICO 8: EQ 758 TU 777 EX 749

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