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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 lets you enjoy $0 annual fees and relatively average ongoing APRs after the 0% introductory period.
Connexus Credit Union Visa® Business Card
BEST FOR:
Those who want purchasing power
- Variable APR of 17.49% to 26.49%
- Charges $0 annual fee
- Add employee cards at no additional cost
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
- Variable APR of 17.49% to 26.49%
- Charges $0 annual fee
- Add employee cards at no additional cost
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
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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
- Those 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, Illinois, and Minnesota: If your business is in these three states, transacting in person will be easy, as the credit union’s branches are mostly there.
- Those 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.
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 with most other business credit cards.
Connexus Credit Union Visa® Business Card Features
- Zero fraud liability: Be protected from unauthorized transactions.
- Free employee cards: Request additional cards for your employees at no additional charge.
- Online reporting tools: Access Connexus Credit Union’s online reporting tools so you can view your credit card spending by category, transaction type, and transaction period (by month, quarter, or year).
- Card ExtendPay plan Note that new cardmembers receive $0 fee offer on ExtendPay plans opened within the first 60 days after account opening. : Divide purchases into manageable payments with a low, fixed monthly fee.
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: 17.49% to 26.49% variable, which will adjust with the prime rate (minimum interest charge is $1)
- Cash advance: 31.74% 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.
: 31.99% variable, which will adjust with the prime rate. This will be applied to your account for the following scenarios:
- You made payments five calendar days late twice or 30 calendar days once
- You made a returned payment
- You 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: 3% of each foreign transaction
- Card ExtendPay This fixed fee is disclosed upon enrollment and charged each month that you owe the applicable ExtendPay balance. : A monthly fee not exceeding 1.6% of the original principal amount in a Card ExtendPay Plan or Card ExtendPay Loan
- Late payment: $41
- 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 a check along with your member number, loan number, and payoff statement to this address:
Connexus Credit Union
PO Box 8026
Wausau, WI 54402-8026
- Overnight mail via UPS or FedEx: Mail a check alongside the relevant details to this address:
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
- 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, 17.49% – 27.49%, 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.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- 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.)
- 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, 17.49% – 27.49%, 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.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- 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.)
Consider the American Express Blue Business Cash if you are looking for a card that lets you earn fixed-rate cash back rewards for the first $50,000 in annual expenses. This card also lets you spend beyond your credit limit through its expanded buying power, which makes it a viable option if you don’t want to monitor spending categories.
U.S. Bank Business Triple Cash Rewards World Elite Visa®
U.S. Bank Triple Cash Rewards Visa® Business Card
BEST FOR:
Those wanting to earn up to 5% cash back on selected spending categories
- 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 (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 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.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- 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
- 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 (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 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.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- 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
If you want to earn premium cash back rewards on selected spending categories, then we recommend the U.S. Bank Business Triple Cash Rewards World Elite Visa®. While this card only offers a 0% introductory period on purchases, it makes up for the ability to divide large purchases into fixed monthly payments with the U.S. Bank ExtendPay® Plan.
Connexus Credit Union Visa® Business Real Rewards Card
Connexus Credit Union Visa® Business Real Rewards Card
BEST FOR:
Those who want fixed-rate cash back rewards
- Earn 2,500 bonus rewards points after making your first purchase. Bonus points are credited within six to eight weeks and do not apply to balance transfers or cash advances.
- Get 1.5 points per dollar spent on all eligible net purchases (equivalent to 1.5% cash back), with no cap on the rewards you can earn.
Pros
- Get welcome bonus points
- 0% introductory APR on purchases and balance transfers
- Offers ExtendedPay plan
Cons
- Rewards points expire after five years.
- Short duration for interest-free financing option
- Does not offer higher rewards for specific spending categories
- Charges foreign transaction fees
- Zero fraud liability: Stay protected with zero fraud liability from Elan Financial Services, ensuring you’re not held responsible for unauthorized transactions.
- Auto rental coverage: Enjoy added peace of mind with auto rental insurance, offering coverage when renting vehicles for business use. Terms, conditions, and exclusions apply, so review the details to confirm if it fits your needs.
- Free employee cards: Issue free employee cards to simplify tracking employee expenses while earning rewards on all eligible purchases.
- ExtendPay plan: Manage larger expenses easily by splitting purchases into affordable monthly payments with 0% interest—just a low, fixed fee. New cardholders receive a $0 fee offer on ExtendPay plans opened within the first 60 days of account activation.
- Earn 2,500 bonus rewards points after making your first purchase. Bonus points are credited within six to eight weeks and do not apply to balance transfers or cash advances.
- Get 1.5 points per dollar spent on all eligible net purchases (equivalent to 1.5% cash back), with no cap on the rewards you can earn.
Pros
- Get welcome bonus points
- 0% introductory APR on purchases and balance transfers
- Offers ExtendedPay plan
Cons
- Rewards points expire after five years.
- Short duration for interest-free financing option
- Does not offer higher rewards for specific spending categories
- Charges foreign transaction fees
- Zero fraud liability: Stay protected with zero fraud liability from Elan Financial Services, ensuring you’re not held responsible for unauthorized transactions.
- Auto rental coverage: Enjoy added peace of mind with auto rental insurance, offering coverage when renting vehicles for business use. Terms, conditions, and exclusions apply, so review the details to confirm if it fits your needs.
- Free employee cards: Issue free employee cards to simplify tracking employee expenses while earning rewards on all eligible purchases.
- ExtendPay plan: Manage larger expenses easily by splitting purchases into affordable monthly payments with 0% interest—just a low, fixed fee. New cardholders receive a $0 fee offer on ExtendPay plans opened within the first 60 days of account activation.
If you are a Connexus Credit Union and are looking for an alternative card, then we suggest the Connexus Credit Union Visa® Business Real Rewards Card. This card lets you earn fixed-rate points rewards, with no limit on the points you can earn.
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.
Yes, you can make a credit limit increase request for your Connexus Credit Union Visa® Business Card. Simply call the number found at the back of your card to make the request at any time.
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.
