Conexus Cash Back Mastercard review: fees and how to apply
See the rewards, fees and insurance of this no-fee card before you apply
The Conexus Cash Back Mastercard® is a no-annual-fee credit card that earns rewards on eligible everyday purchases, especially groceries, gas and recurring bills.
It’s offered through Conexus Credit Union, while the card itself, its rewards program and its benefits are provided by Collabria Financial Services.
Who is the Conexus Cash Back Mastercard® for?
The Conexus Cash Back Mastercard® suits people who want a simple rewards card for everyday spending, such as groceries, gas, subscriptions and recurring bills.
The card has no annual fee, so there’s no yearly charge to keep the account open.
It works best for people who pay their statement in full by the due date. If you do, you won’t pay interest on your purchases. If you carry a balance, a 20.99% interest rate applies.
If you often shop abroad or online in another currency, keep in mind that a 2.5% foreign currency conversion fee applies to those purchases.
Approval depends on Collabria’s credit assessment, which considers factors such as your credit history and income.
Benefits of the Conexus Cash Back Mastercard®
This credit card includes several features that many people look for in a no-fee rewards card:
- Rewards on everyday spending: earn 1 Flex Rewards point per $1 on groceries, on gas and sustainable transit, and on recurring bills and digital streaming, up to $5,000 in annual purchases in each of these three categories. All other purchases earn 0.5 points per $1;
- Cash back redemption: each point is worth 1 cent when redeemed as cash back, which you can deposit into your chequing or savings account. You can also redeem points for merchandise, gift cards, travel or event tickets;
- No annual fee: $0;
- Insurance included: Mobile Device Insurance (repair or replacement of up to $1,000, with depreciation), Purchase Protection for 90 days and Extended Warranty of up to 12 additional months;
- Car rental savings: up to 25% off at Hertz, Thrifty and Dollar;
- Security: Mastercard Zero Liability, 24/7 fraud monitoring and optional text alerts for real-time notifications.
Insurance coverage is subject to the terms, limits and exclusions in the Certificate of Insurance provided with the card.
Conexus Cash Back Mastercard®: Fees and charges
Understanding the cost of borrowing is essential before applying.
The Conexus Cash Back Mastercard® has no annual fee.
The annual interest rate for purchases is 20.99%. The annual interest rate for cash advances is 22.99%, and interest on cash advances is charged from the transaction date, with no grace period.
- Foreign transaction fee: 2.5% on purchases in foreign currencies;
- Other fees: fees for over-limit, late or returned payments and balance transfers may apply, as described in the Collabria cardholder agreement.
Rates and fees checked on September 22, 2026, against the official Conexus website. Confirm current terms on the Conexus and Collabria websites before applying.
Credit card requirements
To apply, you need to complete an application and go through Collabria’s credit assessment. Approval isn’t guaranteed.
You’ll be asked for personal details and income information, and Collabria will review your credit history.
How to apply?
You can start your application on the official Conexus website, which takes you to Collabria’s application page. You can also contact a Conexus financial advisor if you have questions about the card.
You’ll be asked for details such as your name, address and income information. After you submit your application, Collabria reviews it, including your credit history.
If you’re approved, the card will be mailed to you. You can then activate it and manage your account, set up autopay and sign up for fraud alerts through CardWise.
Before completing your application, read the cardholder agreement and disclosure statement to understand the balance transfer fees and other account conditions.
Opinion about the card
The Conexus Cash Back Mastercard® is a practical option for people who want rewards on everyday purchases without paying an annual fee.
At the same time, it’s important to understand its limits and costs. The higher earn rate is capped at $5,000 per category each year, and the cash back rates (1% and 0.5%) are lower than those of some other no-fee cash back cards. Carrying a balance means paying 20.99% interest, and foreign currency purchases carry a 2.5% fee.
If you pay your balance in full each month, the included mobile device insurance, purchase protection and simple rewards can make this card a useful everyday option.
Click the button below to be redirected to the official Conexus website to apply for the Conexus Cash Back Mastercard®.
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Legal Disclaimer: This website is independent and purely informational, and its content does not constitute financial advice. Finvyu is not affiliated with Conexus Credit Union or Collabria Financial Services. Collabria is an independent company from Conexus, and Conexus receives compensation when members get a card through its referral. We do not guarantee credit approval or card issuance, which are subject solely to the risk analysis of Collabria Financial Services. Finvyu Editorial Team.
