Credit Cards

A Review of the Alliant Cashback Visa® Signature Credit Card, Earning 2.5% Cash Back

Editor's Note

You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.

2.5% Cash Back on All Purchases

Alliant CU membership eligibility

  • Anyone who is willing to make a one-time $10 donation to the Foster Care to Success charity group.
  • An employee or retiree of a Qualifying Company.
  • A member of a Qualifying Organization.
  • An immediate family member of an existing Alliant member.
  • Anyone that lives or works in a Qualifying Chicagoland Community.

Perks of the Alliant Cashback Visa Signature Credit Card

  1. Ongoing purchase APR of 13.74% - 23.74% variable (one of the lowest cash back APRs around)
  2. No foreign transaction fee -- Purchases abroad will not be charged for currency conversion
  3. Travel Accident Insurance
  4. Cash Advance fee of 3% (again, one of the lowest fees around)

Now, I’ll be adding a third card to the list, as the Alliant Cashback Visa Signature Credit Card offers what is now the greatest cash back percentage on the market today: 2.5%.

The Alliant Cashback Visa Signature Credit Card offers no up-front cash bonus, but does have one of the greatest everyday cash back rates any card has ever offered. All cardholders will earn 2.5% cash back on all purchases, on up to $10,000 spent every billing cycle. Kind of a bummer that you're capped but if you're spending more than $120,000 a year on your personal credit card, make sure to visit every article we have about budgeting!

There are two primary drawbacks to owning the Alliant Cashback Visa Signature Credit Card that you won’t find with other cashback credit cards.

A $99 annual fee, waived for the first year. Of course, this isn’t a problem when initially signing up, but keeping this card as your go-to cashback credit card means having to fork over an annual fee down the line. But all is not lost! Let’s say you already spend $2,000 a month on a 2% credit card (vs. this 2.5% credit card); switch that spending to the Alliant card, and you would earn an additional $10 cash back each month.

Over 12 months, that's $120 in extra cash back earned with the Alliant Cashback Visa Signature Credit Card... meaning you've paid the annual fee in rewards. So, if you plan to spend more than $12,000 a year on your credit card, this is better than the 2% cash back with no annual fees.

You must be a member of the Alliant Credit Union. There are a variety of free ways this can be done, but if you do not qualify, a simple one time $10 donation can be made -- suddenly, you're in. Not an overwhelming hurdle at all. (Details on how to become an Alliant credit union member are below.)

To be approved for the Alliant Cashback Visa Signature Credit Card, you must be an Alliant credit union member. This can be done in a variety of ways; the easiest is to make a one time $10 donation during your application process. Here are the eligibility requirements:

In addition to a great cash back rate, this credit card offers a few additional perks that make signing up attractive, including:

The high cash back rate on the Alliant Cashback Visa Signature Credit Cardis alluring, no doubt about it. For the first year of ownership, there simply isn't a better cash back card available... 2.5% cash back and no annual fee). Beginning with year two, the luster wears off just a bit. However, if you're a high spender that can take advantage of 2.5% cash back and plow through the $99 annual fee, the Alliant Cashback Visa Signature Credit Cardis the card to use when buying just about anything.

Do you use cash back credit cards? If yes, then you’ll also want to use this one. If no, then you’ll want to start now. Here’s our review of the Alliant Cashback Visa Signature Credit Card with 2.5% cash back.


Recommended Stories