The Alerus Financial is a personal credit card from Alerus Financial. Application typically pulls a hard report from TransUnion. The annual fee is $0. The ongoing APR is 17.99% to 28.24% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. (terms accurate as of 10/2026) after a 0% intro APR on purchases for the first 12 billing cycles; 0% intro APR on balance transfers for the first 12 billing cycles for balances transferred within 366 days of account opening introductory rate. Signup bonus: $150 bonus after eligible net purchases totaling $500 or more within 90 days from account opening. Rewards: 5% cash back (1% base + 4% bonus) on the first $2,000 in combined net purchases each calendar quarter in two chosen 5% categories; unlimited 2% cash back (1% base + 1% bonus) in one chosen everyday category; 1% cash back on all other net purchases; must enroll in categories, otherwise all net purchases earn no more than 1%; grocery and gas/EV charging purchases at wholesale clubs and discount stores/supercenters earn 1%; cash rewards do not expire while the account is active (expire after 12 statement cycles with no reward, purchase or balance activity). Cash back: $150 cash back after you spend $500 in the first 90 days. Loan terms: Revolving personal credit card; due date 24-30 days after the close of each billing cycle; no interest on new purchases if the entire balance (or Plan Adjusted Balance) is paid in full by the due date each month; interest on cash advances and balance transfers from the transaction date; minimum interest charge $1; optional Card ExtendPay fixed-payment plans. This product reports activity to your personal credit report.