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Valparaiso Alumni Visa® Rewards Credit Card card

Valparaiso Alumni Visa® Rewards Credit Card

By the Best Credit Cards Guide editorial team · Information from the original card page, updated May 28, 2025

Annual fee
None
Recommended credit
Excellent / Good
Card network
Visa
Intro purchase APR
1.99% for 6 months from account opening date
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Check before you apply: the rates, fees and offers on this page are as listed on the original card page (updated May 28, 2025) and may have changed. Confirm current terms on the issuer’s website. Best Credit Cards Guide may be compensated by some issuers; see our Advertiser Disclosure.

At a glance

With the help of the Valparaiso Alumni Visa® Rewards Credit Card, Crusader fans can add a little school spirit to their wallets. Commerce Bank rewards these cardholders with 3% cash back on ridesharing and fast food, including at local cafes. For alumni adjusting to post-college life, the 2% on gas and dining and 1% on everything else can come in handy too.

Our review of the Valparaiso Alumni Visa® Rewards Credit Card

The Valparaiso Alumni Visa® is a cobranded rewards card offered by Commerce Bank in partnership with the Valparaiso Alumni Association. While the card is marketed towards alumni, it is available to anyone who supports the school, including students, faculty, and staff. However, the rewards structure may not be ideal for all Crusaders, as it heavily focuses on categories like rideshare services, fast food, and coffee shops.

Who Can Benefit from the Valparaiso Alumni Rewards?

The Valparaiso University cobranded card offers a tiered rewards system as follows:

  • 3% cash back on rideshare services, fast food, and coffee shop purchases
  • 2% cash back at gas stations and traditional restaurants
  • 1% cash back on all other purchases

These categories are particularly appealing to students, given the typical spending habits associated with college life. However, post-graduation, the gas and dining rewards may provide more value.

More Than Just Cash Back

While the Valparaiso Alumni Rewards offer unlimited earning potential, points expire after 3 years. Redemption options include cash back, airline tickets, fuel discounts, gift cards, and merchandise. Keep in mind that cash back requires a minimum of 2,500 points for a statement credit.

Additional Visa Rewards Card Perks

In addition to cash back rewards, the Valparaiso Alumni Visa® offers a low introductory rate of 1.99% for the first 6 months on purchases and balance transfers. Other perks include the toggle® pay feature and digital wallet compatibility, making it convenient to manage your finances.

Should You Apply for the Valparaiso Alumni Visa® Rewards Credit Card?

The Valparaiso University credit card is a solid choice for those who align with the rewards categories. If rideshares and fast food are not a significant part of your spending habits, you may want to consider alternative cards with more diverse rewards options. Cards like Discover it® Cash Back, Bank of America® Cash Rewards Credit Card, and Chase Freedom® Student Credit Card offer a variety of rewards categories, including ridesharing.

Ultimately, the decision to apply for the Valparaiso Alumni Visa® Rewards Credit Card depends on your spending preferences and loyalty to the alma mater.

Card features

Benefits as listed on the original card page. They can change; confirm details with the issuer.

  • Earn 1% cash back on uncategorized purchases
  • Earn 2% cash back on gas and traditional dining
  • Earn 3% cash back for ridesharing and fast food, including at cafes
  • Get a low introductory interest rate and flexible rewards redemptio

Who this card may suit

  • You want to show off your support for Valparaiso University while earning rewards
  • You frequently spend on rideshares, fast food, and café purchases
  • You're looking for a rewards card with no annual fee
  • You want a student-centric credit card that transitions easily into an everyday card

Rates, fees and terms

Rates, fees and terms as listed on the original card page (updated May 28, 2025). Confirm current terms on the issuer’s site.
Annual FeeNone
Intro Purchase APR1.99% for 6 months from account opening date
Regular Purchase APR20.24% to 30.24% variable based on creditworthiness and the Prime Rate
Intro Balance Transfer APR1.99% for 6 months from account opening date
Balance Transfer APR20.24% to 30.24% variable based on creditworthiness and the Prime Rate
Balance Transfer Transaction FeeEither $10 of 5% of the amount of each transfer, whichever is greater
Cash Advance APR30.24% variable based on the Prime Rate
Cash Advance Transaction FeeEither $10 of 5% of the amount of each cash advance, whichever is greater
Foreign Transaction Fee1% of the transaction in U.S. dollars; 2% of the transaction amount in other currencies
Penalty APR32.24% variable based on the Prime Rate
Late Payment Penalty FeeUp to $40

Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit Good Credit.

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Valparaiso Alumni Visa® Rewards Credit Card

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