Max Cash Preferred (Elan)

No annual fee · 1% on everything else · 3.0% foreign transaction fee

Earn rates

CategoryRateCap
Category of your choice (you pick) 5% on the first $2,000/quarter
Everything else 1% uncapped

Non-cash perks

  • 5% on TWO chosen categories, $2,000 combined spend per quarter (we model your top one)
  • Plus unlimited 2% on one chosen everyday category (gas, grocery or restaurants)
  • Grocery/gas at wholesale clubs, discount stores and supercenters earn 1%
  • Issued by Elan for hundreds of local banks and credit unions — your bank's branding, same card

Does the fee earn out?

No annual fee, so every point earned is pure upside. The question is only whether its rates beat the other cards already in your wallet — which depends on your spending, not the card.

Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.

Compared head-to-head

More from Elan Financial Services

All Elan Financial Services cards →

Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →

Verified 2026-09-01 against issuer terms · sources: www.elanfinancialservices.com. Spot an error? Tell us.

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