Editor’s note: This is a recurring post with regularly updated card details.
Connexus Credit Union Visa® Business Card is a small business credit card offered by Connexus Credit Union and issued by Elan Financial Services. While it does not offer ongoing rewards on purchases, cardholders can take advantage of the 18-month-long 0% annual percentage rate (APR) on both purchase and balance transfer transactions. Further, it comes with no annual fee and relatively average ongoing APRs after the 0% introductory period.
While Connexus Credit Union serves members across all 50 states, its 16 physical branches are mostly in Wisconsin and Illinois. As part of the CO-OP Shared Branch Network, Connexus members can make selected transactions at a branch of an in-network credit union as if they were at a Connexus branch.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Connexus Credit Union Visa® Business Card
BEST FOR:
Those who want purchasing power
Intro APR
0%
Regular APR
16.74% to 25.74% variable
Annual Fee
None
Credit Needed
Good to Excellent
Pros
- With long interest-free financing option for purchases and balance transfers
- Does not need to be a member of Connexus Credit Union to apply
Cons
- No introductory and ongoing rewards
- Charges high cash advance and penalty APRs
- No unique features that will make the card stand out
- Zero fraud liability: Elan Financial Services provide zero fraud liability for unauthorized transactions.
- Free employee cards: Not only will it help you keep track of employee expenses, it will let you earn as many rewards as possible.
- Online reporting tools: Connexus Credit Union lets you use its online reporting tools and view your credit card spending by category, transaction type, and transaction period, such as month, quarter, or year
Intro APR
0%
Regular APR
16.74% to 25.74% variable
Annual Fee
None
Credit Needed
Good to Excellent
Pros
- With long interest-free financing option for purchases and balance transfers
- Does not need to be a member of Connexus Credit Union to apply
Cons
- No introductory and ongoing rewards
- Charges high cash advance and penalty APRs
- No unique features that will make the card stand out
- Zero fraud liability: Elan Financial Services provide zero fraud liability for unauthorized transactions.
- Free employee cards: Not only will it help you keep track of employee expenses, it will let you earn as many rewards as possible.
- Online reporting tools: Connexus Credit Union lets you use its online reporting tools and view your credit card spending by category, transaction type, and transaction period, such as month, quarter, or year
When grading low-interest business credit cards like the Connexus Credit Union Visa® Business Card, we consider the introductory and ongoing APR first. Then, we rate introductory and ongoing rewards, annual fees, and additional features.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Introductory APR | 30 | 30 |
Ongoing APR | 25 | 30 |
Features | 5 | 10 |
Annual Fees | 10 | 10 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Total Score | 70 | 100 |
Who the Connexus Credit Union Visa® Business Card Is Best For
- Business owners who need a long interest-free financing period: The card offers 0% APR for 18 billing cycles on both purchases and balance transfers, so it is ideal for those who need to make a large purchase or plan to consolidate their debts from other credit cards.
- Businesses in Wisconsin and Illinois: If your business is in these two states, transacting in person will be easy, as the credit union’s branches are mostly there.
- Business owners who are members of Connexus Credit Union: While cardholders are not required to be members of Connexus Credit Union (mainly because it’s being issued by Elan Financial Services), being a member means you can also open a business deposit account with Connexus Credit Union, making it easier to manage your business finances in one financial institution.
See our recommended alternatives below if this card isn’t the best fit for your business. To find a wider selection of credit cards, visit our guide to the best small business credit cards.
Connexus Credit Union Visa® Business Card Rewards
Connexus Credit Union Visa® Business Card doesn’t offer any rewards for new and existing cardholders. The benefit of using this card is its introductory interest-free financing option, which is significantly longer compared to most other business credit cards.
Connexus Credit Union Visa® Business Card Features
- Zero fraud liability: With Zero Fraud Liability provided by Elan Financial Services, you are protected from unauthorized transactions.
- Free employee cards: You can request additional cards for your employees, allowing you to streamline your business expenses and keep track of employee spending.
- Online reporting tools: Connexus Credit Union provides online reporting tools so you can view your credit card spending by category, transaction type, and transaction period (by month, quarter, or year).
Connexus Credit Union Visa® Business Card Fees
APR
- Introductory: 0% APR on purchases and balance transfers Introductory APR will apply if you made a balance transfer within 558 days from account opening. for the first 18 billing cycles after account opening.
- Ongoing and balance transfers: 17.24% to 26.24% variable, which will adjust with the prime rate (minimum interest charge is $1)
- Cash advance: 29.99% variable, which will adjust with the prime rate
- Penalty
Penalty APR will be applied until you make six consecutive minimum payments when due and don't exceed your credit limit.
: 32.49% variable, which will adjust with the prime rate. This will be applied to your account if you:
- Made payments five calendar days late twice or 30 calendar days once
- Made a returned payment
- Exceeded your credit limit twice in 12 consecutive months
Fees
- Annual: None
- Balance transfer and convenience check cash advance: Either 3% of the amount of each transfer/advance or $5 minimum, whichever is greater
- Cash advance ATM, cash advance, and cash equivalent advance: Either 4% of the amount of each advance or $10 minimum, whichever is greater
- Overdraft protection: $10
- Foreign transaction:
- 2% of each foreign purchase transaction or foreign ATM advance transaction in US dollars (USD)
- 3% of each foreign purchase transaction or foreign ATM advance transaction in a foreign currency
- Late payment:
- $19 on balances up to $100
- $29 on balances from $100 up to $250
- $39 on balances of $250 or more
- Returned payment: $35
- Overlimit: $39
Your due date is 24 to 30 days after the close of each billing cycle.
- Digital banking: Visit Elan Financial Services’ credit card account portal to manage your card and to make payments.
- Mobile app: Pay your credit card bills through its mobile app.
- Nearest Connexus Credit Union branch/shared branch location: Visit a Connexus Credit Union branch or a CO-OP branch nearest you.
- Phone: Call (800) 845-5025 and follow the prompts. Note that a $9 convenience fee shall be charged if you pay your card using this option.
- Standard mail: Mail Note that the cost will vary based on either the cost of the stamp or the carrier chosen (either UPS or FedEx). Payments sent via mail will be processed within seven to 10 business days upon receipt. a check along with your member number, loan number, and payoff statement to:
Connexus Credit Union
PO Box 8026
Wausau, WI 54402-8026
- Overnight mail via UPS or FedEx Note that the cost will vary based on either the cost of the stamp or the carrier chosen (either UPS or FedEx). Payments sent via mail will be processed within seven to 10 business days upon receipt. : Mail a check alongside the relevant details to:
Connexus Credit Union
1 Corporate Dr., Ste. 102
Wausau, WI 54401
Connexus Credit Union Visa® Business Card Alternatives
American Express Blue Business CashTM
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- No Annual Fee
- Terms Apply.
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- No Annual Fee
- Terms Apply.
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
When To Consider the American Express Blue Business CashTM
- If you need a flexible credit limit: One unique feature of the American Express Blue Business CashTM is its Expanded Buying Power, which lets you spend above your credit limit without extra fees.
- If you prefer to earn automatic cash back: You will earn 2% cash back on the first $50,000 purchases per year, then 1% after that. The cash back will automatically be credited to your statement without the need for manual redemption.
Other Benefits
- Charges $0 annual fees
- Lets you earn $250 statement credit as a welcome offer when you spend at least $3,000 in the first three months of card ownership
- Comes with 0% APR on purchases for the first 12 months after opening an account
It is our top cash back business credit card because of its straightforward rewards and flexible credit limit.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back with long 0% APR period
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.99% - 27.99% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.99% - 27.99% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
When To Consider the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
- If you need a long 0% APR period but also want to earn rewards: One major drawback of the Connexus Credit Union Visa® Business card is that it doesn’t reward your purchases. If you want to earn rewards, you will benefit more from the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®. It offers interest-free financing on purchases for the first 12 billing cycles while letting you earn up to 5% cash back, depending on the expense categories.
- If your business pays for software subscriptions: The card also offers a $100 annual statement credit for recurring software subscriptions, which is another way to save on your business expenses.
Other Benefits
- Has $0 annual fees
- Lets you earn a $750 cash bonus when you spend $6,000 in the first 180 days of card ownership
- Features U.S. Bank ExtendPay® Plan, which allows you to divide your eligible balance into monthly installments without interest, only a small fixed monthly fee.
It is our #1 recommendation for the best business credit cards with no annual fee because it offers various ways to save on credit costs while letting you earn generous rewards on your day-to-day expenses.
Bank of America Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
When To Consider the Bank of America Business Advantage Travel Rewards World Mastercard®
- If your business requires you to travel often: You will earn up to 3x points that can be used for travel or travel credit. Plus, it doesn’t charge foreign transaction fees when you use the card abroad.
- If you have an existing business checking account with Bank of America: You can earn up to 75% more rewards points if you maintain a business checking account with Bank of America and qualify for the Preferred Rewards for Business program.
Other Benefits
- $0 annual fees
- Offers interest-free financing on purchases for the first nine billing cycles; however, there’s no 0% APR option on balance transfers
- Lets you earn 30,000 bonus points when you spend at least $3,000 in the first 90 days of card ownership
It is our top-rated business credit card with no foreign transaction fee as well as one of the leading business credit cards for travel.
Frequently Asked Questions (FAQs)
Credit unions are member-owned, meaning you have a say in decisions and enjoy personalized service. Joining one offers financial perks like lower fees, competitive interest rates, and often higher savings yields. When it comes to accessibility, credit unions have shared branches and ATMs, providing convenient nationwide reach. Additionally, your deposits are typically insured, adding an extra layer of financial security.
You can process your card application online. You need to provide your personal information, including your annual income and social security number. You also need to provide your business information, including your business legal structure, industry type, and business tax ID. Note that you are not required to become a member of Connexus Credit Union to qualify.
Bottom Line
Connexus Credit Union Visa® Business Card is a great option for those who plan to make large purchases or consolidate debts from other credit cards, as it offers an interest-free financing option for both purchases and balance transfers for the first 18 billing cycles. Despite not offering rewards for both new and existing cardholders, it makes up for relatively low minimum regular APRs for both purchases and balance transfers.
