Alliant Visa Signature Card review

Alliant Visa Signature Card review

Published: May 18, 2020
Published: May 18, 2020
Ratings Policy
Cash Back Rating:
4.1 rating
4.1 rating
4.1 / 5
Rewards Value: 5.0
Annual Percentage Rate: 4.3
Rewards Flexibility: 3.5
Features: 2.0
Customer Experience 3.9

In a Nutshell:

With a 2.5-percent cash back rate on all purchases, the Alliant Visa Signature Card is made for those who want to put all of their credit card spend onto one card.

Rewards Rate
2.5% cash back on every purchase (up to $250 cash back per biling cycle)

Sign-up Bonus
None

Annual Bonus
None

Annual Fee
$99, $0 the first year

Average Yearly Rewards Value ($1,325 monthly spend)
$358

APR
12.24-22.24% (variable)

Rewards redemption
Pros

  • High cash back rate
  • Receive cash back as a statement credit or deposit into Alliant checking or savings account
  • Redeem cash back in any amount of $25 or greater

Cons

  • Maximum cash back earnings of $250 ($10,000 in qualifying purchases) per billing cycle
  • No option to redeem rewards for a check or as a deposit in an outside account
  • No other redemption options like gift cards, merchandise, etc.
  • No automatic redemption
  • Minimum $25 required for a redemption
  • Rewards expire after 4 years if you don’t redeem them

Customer Experience

  • Consumer Reports rating: 92 (21% of issuers ranked higher)
  • 24/7 customer service?: Yes
  • Online chat available?: No
  • Google Play Store mobile app rating: 3.2./5
  • Apple Store mobile app rating: 4.6/5

Other Notable Features: No foreign transaction fee, car rental collision damage waiver, roadside assistance, travel accident insurance, purchase protection, personal identity theft protection, concierge services, $0 fraud liability

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If you’re not one to jump through hoops, track your spending, or juggle several credit cards, the Alliant Visa Signature is an excellent option. It’s a flat-rate cash back credit card that offers 2.5-percent cash back on every purchase, no matter where, when or what you buy (up to $10,000 in qualifying purchases per billing cycle).

Since you’ll be hard pressed to find another flat-rate card that offers as much cash back, the question is: why doesn’t everybody already have this card? The answer is twofold:

  1. You must be a member of Alliant Credit Union to be eligible for the card.
  2. There are better no-annual-fee options for people who spread their purchases across many credit cards to maximize rewards.

Keep in mind that joining Alliant Credit Union is pretty easy, but not necessarily free. Unless you work at or have retired from a company with an Alliant Credit Union membership, are related to a member, belong to one of any eligible associations or live in an eligible Chicago-area community, you will need to make a donation to Foster Care to Success to be granted a membership.

Big earnings for big spenders

Let’s compare the Alliant Visa Signature to the Citi® Double Cash Card, which offers unlimited 2-percent cash back on all purchases (1 percent when you charge and 1 percent when you pay on time). The Alliant Visa Signature and its 2.5-percent cash back rate obviously beats the Double Cash and its 2 percent, but Double Cash doesn’t have an annual fee.

In order to earn more with the Alliant Visa Signature than the Citi Double Cash Card, you’ll need to spend more than $20,000 on the card per year. Only then will you earn enough more in cash back to offset the card’s $99 annual fee.

More benefits than the average flat-rate card

Since many people use multiple cards to maximize their earnings, card issuers often don’t include as many premium benefits on flat-rate cards as are found on rewards cards. Since Alliant is billing its card as a premium product, it’s reassuring to know that many premium features like purchase security and concierge service are included.

Additionally, having no foreign transaction fee is a nice benefit — it gives cardholders the opportunity to earn cash back anywhere in the world.

Why get the Alliant Visa Signature?

  • You prefer cash back to travel points or airline miles
  • You don’t want to track spending categories, activate quarterly bonuses, or worry about spending requirements
  • You want one card that gives you a good return on every purchase

How to use the Alliant Visa Signature

  • Spend more than $20,000 on the card per year to make sure you’re earning more cash back than you would with a no-annual-fee flat-rate card
  • Consider making it your only credit card to put as much spend on it as possible
  • Use it outside of the country to earn cash back throughout the world without paying foreign transaction fees

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