MoneyGeek’s Take

Alliant Credit Union Cashback Visa Signature Credit Card Review

Individuals looking for a credit card with a high cash back rewards rate and no foreign transaction or annual fees can benefit from the Alliant Credit Union Cashback Visa Signature Credit Card. Cardholders can also take advantage of a $0 fraud liability guarantee from Visa.

Last Updated: 5/30/2022
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The Alliant Cashback Visa Signature Credit Card offers 2.5% cash back on the first $10,000 you spend on qualifying eligible purchases. To access this perk, cardholders must meet the minimum requirement for Alliant’s Tier One rewards, which includes having an Alliant High-Rate Checking account with an average daily balance of $1,000 or more.

If you don’t meet this requirement, you can qualify for its Tier Two rewards, which let you earn 1.5% cash back on all other qualifying purchases.

Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Cash Back Rewards
  • Travel Rewards
Click to see this card’s rates, fees and how they compare to other cards in our dataset.
OUR REVIEW AT A GLANCE

Alliant Credit Union Cashback Visa Signature Credit Card at a Glance

The Alliant Cashback Visa Signature Credit Card has no annual fee or foreign transaction fees, making it a great option for use while traveling internationally. It also comes with an optional Debt Protection plan, which cancels your credit card debt in case of death, disability or involuntary unemployment.


  • Alliant Credit Union Cashback Visa Signature Credit Card

    A great no-annual-fee card with cash back and added perks

    • Good-ExcellentCredit Needed
    • $0Annual Fee
    • 12.24% - 22.24%APR
    • 1.5% - 2.5% Cash BackRewards Rate

    Terms, rates and fees apply

    Compare this credit card with other top-rated credit cards at CardRatings.com.

Pros & Cons Explained

Understanding the Alliant Credit Union Cashback Visa Signature Credit Card’s pros and cons will give you a clear idea of what this card offers compared to other credit cards in the same category.

Pros

  • Benefits
    Description
  • $0 Annual Fee
    The Alliant Credit Union Cashback Visa Signature Credit Card doesn’t charge an annual fee, helping you save money.
  • No Foreign Transaction Fee
    With this card, you don’t have to pay a fee for foreign transactions. This makes it suitable for use while traveling internationally.
  • High Cash Back Rewards Rate
    This card offers 2.5% cash back on spending for the first $10,000 on qualifying eligible purchases to cardholders eligible for Tier One rewards. Other cardholders can earn a 1.5% cash back on qualifying eligible purchases.
  • Debt Protection Plan
    The Alliant Credit Union Cashback Visa Signature Credit Card gives you an option to participate in its Debt Protection plan, which cancels your credit card debt in case of death, disability or involuntary unemployment.

Cons

  • Drawbacks
    Description
  • Requires Credit Union Membership
    You need to be a member of Alliant Credit Union to apply for the Alliant Cashback Visa Signature Credit Card.
  • High Requirements for Tier One Rewards
    Cardholders need to have an Alliant High-Rate Checking account with an average daily balance of $1,000 to qualify for the card’s Tier One rewards.
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LOOKING FOR THE BEST CREDIT CARDS OF 2022?

MoneyGeek did not feature this card on our list of the best cash back credit cards of 2022. You can check out the list for our recommendations of the best credit cards for this category. Comparing these cards can help you find the one that’s the right fit for your needs.

Bonuses & Rewards Explained

MoneyGeek explains the Alliant Credit Union Cashback Visa Signature Credit Card’s benefits and rewards to help you understand if this card is a good option for you.

1

Tier One Rewards

To qualify for the Alliant Credit Union Cashback Visa Signature Credit Card’s Tier One rewards, you must have an Alliant High-Rate Checking account with an average daily balance of $1,000. After you qualify, you can earn a 2.5% cash back on the first $10,000 spent on qualifying purchases.

2

Tier Two Rewards

If you don’t qualify for Tier One Rewards, you will be eligible for Tier Two rewards. This lets you earn a 1.5% cash back on purchases.

3

Rewards redemption

Once you have earned at least $50 in cash back rewards, you can redeem it as a statement credit or transfer it to your Alliant Credit Union checking or savings account.

Other Features Explained

MoneyGeek explains other features of the Alliant Credit Union Cashback Visa Signature Credit Card to help you figure out if applying for this card is the right decision for you.

  • Card Feature
    Description
  • Identity Theft Coverage
    The Alliant Credit Union Cashback Visa Signature Credit Card provides reimbursement of up to $5,000 if your personal identity gets stolen.
  • Purchase Security
    This card offers purchase protection, which helps you pay for loss or damage to an eligible purchase for the first ninety days.
  • Auto Rental Collision Damage Waiver
    This perk helps you save money on rental insurance by covering any loss or damage to your rental vehicle.
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MONEYGEEK QUICK TIP

It's best not to wait too long before redeeming your cash back rewards with the Alliant Credit Union Cashback Visa Signature Credit Card since the rewards will expire four years after you earn them.

Understanding the Fine Print

Understanding the Alliant Credit Union Cashback Visa Signature Credit Card's fine print will give you an idea of this card's fees and other charges. This can help you save money in the long run.

  • Card Feature
    Amount or Rate
  • APR
    12.24% - 22.24%
  • Annual Fee
    $0
  • Cash Back Rewards
  • Rewards Rate
    1.5% - 2.5% Cash Back
  • Airline Benefits
  • This is an icon

    Regular APR

    This card charges a variable APR of 12.24% to 22.24% on purchases, which is low compared to other cards.

  • This is an icon

    Annual Fee

    This card doesn’t charge an annual fee.

  • This is an icon

    Foreign Transaction Fee

    With this card, you don’t have to pay a fee for foreign transactions. This makes it a great option to use when traveling internationally.

  • Late Payment Fee

    You can expect to pay up to $27 in late payment fees on missing a payment with this card.

  • This is an icon

    Balance Transfer Fee

    With the Alliant Credit Union Cashback Visa Signature Credit Card, you have to pay a 3% amount of each transaction in balance transfer fees when you transfer your balance from another card for consolidating high-interest debt or any other purpose.

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WHERE TO FIND THIS INFORMATION?

The best resource for this information is your credit card issuer’s website, mobile app, your latest billing statement or the credit card agreement database maintained by the Consumer Financial Protection Bureau.

Who Should & Shouldn’t Consider Alliant Credit Union Cashback Visa Signature Credit Card?

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Other Considerations for Alliant Credit Union Cashback Visa Signature Credit Card

Your spending habits might be different depending on whether this is your first credit card or an addition to other cards in your wallet. Before making a final decision on whether or not to apply, keep the following considerations in mind.

Things to Consider if This Will Be Your First or Only Credit Card

If this is the only credit card in your wallet, you could use it for everyday purchases and earn 2.5% cash back on every purchase. However, don’t forget to apply for an Alliant High-Rate Checking account first and maintain at least $1,000 in average daily balance since this is necessary to get eligible for Tier One rewards.

Also, while Alliant Credit Union Cashback Visa Signature Credit Card’s APR is low, it’s certainly not the lowest. That’s why you should pay your balance in full every month to avoid accruing interest.

Things to Consider if This Will Be an Additional Card in Your Wallet

If this is an additional card in your wallet, you might want to use it for everyday purchases while maintaining at least $1,000 in average daily balance to earn maximum cash back rewards. Since this card does not charge an annual fee, it won’t cost anything to keep it in addition to other cards.

You should also use this card while traveling internationally because it does not charge a fee for foreign transactions.

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WHY TRUST OUR REVIEWS

At MoneyGeek, we follow a six-step process to review credit cards. Our methodology involves collecting credit card information, standardizing data points, analyzing potential cardholder profiles, considering annual and introductory bonuses, establishing the card values and reviewing data monthly to reprocess rankings.

How Alliant Credit Union Cashback Visa Signature Credit Card Compares to Other Cards

The Alliant Credit Union Cashback Visa Signature Credit Card compares well against other cards of the same category. It offers a high 2.5% cash back rate in Tier One Rewards and a 1.5% cash back in Tier Two Rewards. It also doesn’t charge an annual fee or a foreign transaction fee, making it a great option for use while traveling internationally. Its purchase APR is also lower than other cards.

Quick Comparison of Alliant Credit Union Cashback Visa Signature Credit Card
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Alliant Credit Union Cashback Visa Signature Credit Card

  • Annual fee: $0
  • Purchase APR: 12.24%–22.24%
  • International transaction fee: $0
  • Rewards rate: 2.5% in Tier One Rewards, 1.5% in Tier Two Rewards
  • Best for: Individuals looking to earn cash back rewards with a card that doesn’t charge an annual fee.
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Capital One Quicksilver Rewards

  • Annual fee: $0
  • Purchase APR: 15.24%–25.24%
  • International transaction fee: $0
  • Rewards rate: Unlimited 1.5% cash back on every purchase.
  • Best for: Individuals looking to earn cash back rewards with a card that offers a hefty welcome bonus.

Other Helpful Decision-Making Q&As

MoneyGeek researched the following frequently asked questions about the Alliant Credit Union Cashback Visa Signature Credit Card to help you make a better decision.

Still not sure about this card? Consider these options.

If you’re unable to make a decision about this card, you can look at MoneyGeek’s best rewards credit cards to explore other options. You could also consider using a travel card if you are a frequent traveler.

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
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