The Alerus Financial is a personal credit card from Alerus Financial. Application typically pulls a hard report from TransUnion. The annual fee is $0 introductory annual fee for the first 12 months. After that, $99. The ongoing APR is 19.24% 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). Signup bonus: 25,000 bonus points after eligible net purchases totaling $2,000 or more within 120 days from account opening. Rewards: 4 points per $1 (1.5 base + 2.5 bonus) on eligible net purchases in qualifying travel, gas station and EV charging station, entertainment and recreation categories (gas/EV at wholesale clubs, discount stores/supercenters and grocery stores earn 1 point); 1.5 points per $1 on all other eligible net purchases; points expire 5 years from when they are earned. Cash back: $250 bonus reward (25,000 points) after you spend $2,000 within the first 120 days of account opening. 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.