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 6 billing cycles; 0% intro APR on balance transfers for the first 6 billing cycles for balances transferred within 186 days of account opening introductory rate. Signup bonus: 2,500 bonus points after first purchase (not awarded for balance transfers or cash advances). Rewards: 1.5 points per $1 on eligible net purchases (equal to up to 1.5% cash back); points unlimited; redeemable as a cash deposit to an Alerus checking or savings account, a statement credit or a Rewards Card; points expire 5 years from the end of the quarter in which they are earned. Cash back: 2,500 bonus rewards points awarded after first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings. Loan terms: Revolving personal credit card; due date 24-30 days after the close of each billing cycle; no interest on purchases if the entire balance is paid by the due date each month; interest on cash advances and balance transfers from the transaction date; minimum interest charge $1; minimum payment applied to lower-APR balances first, amounts above the minimum to highest-APR balances first. This product reports activity to your personal credit report.