Conexus Cash Back Mastercard: cash back with no annual fee
Whether you use a credit card for weekly errands or occasional purchases, the Conexus Cash Back Mastercard® offers a simple rewards program on your everyday spending, with no annual fee.
It keeps the basics clear: earn points on eligible purchases, redeem them as cash back, and pay on time to avoid extra charges and help build a healthy credit history.
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The card focuses on rewards for common spending, like groceries, gas and recurring bills, while keeping the account simple to manage.
Before applying, it’s important to understand how the rewards work, as well as the card’s interest rates and fees.
Pros and Cons of the Credit Card
Pros:
- 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;
- Earn 0.5 points per $1 on all other purchases. Each point is worth 1 cent when redeemed as cash back, which works out to 1% and 0.5% cash back;
- No annual fee ($0);
- Redeem points as cash back deposited into your chequing or savings account, or for merchandise, gift cards, travel and event tickets from the rewards catalogue;
- Includes 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;
- Save up to 25% on car rentals at Hertz, Thrifty and Dollar.
Insurance coverage is subject to the terms, limits and exclusions in the Certificate of Insurance provided with the card.
Cons:
- The higher earn rate is limited to $5,000 in annual purchases per category. After that, purchases in that category earn 0.5 points per $1;
- The cash back rates (1% and 0.5%) are lower than some other no-fee cash back cards;
- A 20.99% purchase interest rate applies if you carry a balance;
- A 2.5% foreign transaction fee applies to purchases in foreign currencies;
- The card doesn’t include travel insurance.
Credit Card Fees and Charges
The Conexus Cash Back Mastercard® has no annual fee, so there’s no yearly cost to keep the account open.
The annual interest rate for purchases is 20.99%, and the rate for cash advances is 22.99%.
If you don’t pay your full balance by the due date, interest is added to your account. Cash advances are charged interest from the transaction date, with no grace period.
For purchases in a foreign currency, a 2.5% conversion fee is added to the exchange rate.
Other fees, such as over-limit and returned payment fees, may apply. See the Collabria cardholder agreement for the full list.
Rates and fees checked on September 22, 2026, against the official Conexus website. Confirm current terms on the Conexus and Collabria websites before applying.
Paying your statement in full by the due date each month helps you avoid interest on purchases.
About Your Credit Card Issuer
Conexus Credit Union is a member-owned financial cooperative based in Saskatchewan. On January 1, 2026, Conexus Credit Union 2006, Cornerstone Credit Union and Synergy Credit Union amalgamated as Conexus Credit Union.
It offers everyday banking, mortgages, loans and investments, with support through its branches and digital channels.
The card is issued by Collabria Financial Services, which also runs the Flex Rewards program and provides cardholder services. Collabria is an independent company from the credit union, and Conexus receives compensation from Collabria when members get a card through its referral.
Application
You can apply for the Conexus Cash Back Mastercard® online through the Conexus website, which takes you to Collabria’s application page, or speak with a Conexus financial advisor.
During the application, you’ll be asked for personal details such as your address and income information.
Collabria reviews your application and sets your credit limit if you’re approved.
After you activate your card, you can use it for eligible purchases, manage your account and set up autopay and fraud alerts through CardWise, and start earning Flex Rewards points.
Why Apply for This Credit Card?
This card is designed for Canadians who want a simple way to earn cash back on everyday spending without paying an annual fee.
You earn 1 point per $1 on groceries, gas and recurring bills, up to $5,000 per category each year, and you can redeem points as cash back deposited into your chequing or savings account.
It also includes Mobile Device Insurance, Purchase Protection and Extended Warranty, which add value for a no-fee card. However, a 20.99% interest rate applies if you carry a balance.
Before you apply, read the terms, review the fees and rates, and make sure the card’s costs and features fit how you plan to use it.
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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. We do not guarantee credit approval or card issuance, which are subject solely to the risk analysis of Collabria Financial Services. Finvyu Editorial Team.
