MoneyGeek’s Take

Alliant Credit Union Visa Platinum Card Review

The Alliant Credit Union Visa Platinum Card is an excellent option for borrowers who want to consolidate their high-interest credit card debt by transferring a balance from another card. This card offers an introductory APR of as low as 0% on balance transfers and purchases for the first 12 months.

Advertising & Editorial DisclosureLast Updated: 7/4/2022
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Last Updated: 7/4/2022

The Alliant Credit Union Visa Platinum Card can help you consolidate high-interest credit card debt and finance any upcoming large purchases. It charges a $0 annual fee and offers a $0 fraud liability guarantee. Plus, this card offers low standard APRs and generous lines of credit.

MoneyGeek’s Alliant Credit Union Visa Platinum Card review will help you understand the features of this card and decide if it’s the best fit for your needs.

>>MORE: ALLIANT MEMBERSHIP REQUIREMENTS: HOW TO BECOME AN ALLIANT MEMBER
Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Has Rewarding Welcome Offer
  • Credit Needed
    Good-Excellent
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 Visa Platinum Card at a Glance

In addition to the 0% introductory APR on purchases and balance transfers, the Alliant Credit Union Visa Platinum card also offers perks like roadside dispatch, rental car insurance and 24/7 customer support. It even comes with an EMV chip, enhancing its security and protecting against unauthorized use.


  • Alliant Visa® Platinum Rewards Credit Card

    A good no-annual-fee credit card with an intro 0% APR offer

    • Good-ExcellentCredit Needed
    • 10.24%–22.24%APR
    • $0Annual Fee
    • 12 monthsAPR Offer Duration
    • 12 monthsBalance Transfer Duration

    Terms, rates and fees apply

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

Pros & Cons Explained

MoneyGeek evaluated the pros and cons of the Alliant Credit Union Visa Platinum Card to help you compare its features with other cards and decide if it’s worth applying for.

Pros

  • Benefits
    Description
  • Introductory APR
    This card offers an introductory 0% APR on purchases and balance transfers for the first 12 months, which can be beneficial if you want to make big purchases or transfer a balance from another card.
  • Fraud liability guarantee
    The $0 fraud liability guarantee that comes with this card protects you in case someone uses it to make unauthorized purchases.
  • $0 annual fee
    With this card, you don’t have to pay an annual fee. This feature can help you save money on extra fees and charges.

Cons

  • Drawbacks
    Description
  • High foreign transaction fee
    This card charges a foreign transaction fee of 2% on every transaction, so it’s not the best option for people who frequently travel internationally.
  • No rewards program
    Since this card does not come with a rewards program, it’s not a good option for consumers looking to earn points or cash back rewards on purchases.
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INTERESTED IN COMPARING THE BEST CREDIT CARDS OF 2022?

MoneyGeek did not feature the Alliant Credit Union Visa Platinum Card in our roundup of the best balance transfer credit cards in 2022. You can look over the list to explore other options and see if any different card will better suit your needs.

Other Features Explained

Understanding the Alliant Credit Union Visa Platinum Card’s benefits and key features will help you decide if this card could be a valuable addition to your wallet.

  • Card Feature
    Description
  • EMV chip
    The Alliant Credit Union Visa Platinum Card comes with an EMV chip, which significantly reduces the risk of unauthorized transactions. A study showed that EMV chip cards helped reduce counterfeit fraud by 87%.
  • Roadside dispatch service
    This card offers Visa’s roadside dispatch service, a pay-per-use service that can help you if your car breaks down.
  • Auto rental collision damage waiver
    The Alliant Credit Union Visa Platinum Card’s auto rental collision damage waiver covers your rental vehicles and provides reimbursement in case of theft, loss or damage. This can avoid spending money on rental car insurance.
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MONEYGEEK QUICK TIP

You can take advantage of Alliant Credit Union Visa Platinum Card’s 0% introductory APR offer by financing an upcoming large purchase. However, make sure that you’ll be able to pay it off before the offer period is over so that you don’t get hit with high interest costs.

Understanding the Fine Print

MoneyGeek explained the fine print of the Alliant Credit Union Visa Platinum Card to help you get an idea of various fees and charges associated with it.

  • Card Feature
    Amount or Rate
  • APR
    10.24%–22.24%
  • Annual Fee
    $0
  • Balance Transfer Fee
    2%
  • Balance Transfer APR
    10.24%–22.24%
  • Late Fees
    $27
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    Regular APR

    After the introductory APR period is over, the Alliant Credit Union Visa Platinum Card will charge you a regular variable APR of 10.24% to 22.24% on purchases.

  • This is an icon

    Balance transfer fee

    When you transfer your balance from another card, you will have to pay a balance transfer fee of $5 or 2% of each transfer, whichever is greater.

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    Foreign transaction fee

    If you use this card while traveling internationally, you have to pay 2% of each transaction as a foreign transaction fee.

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    Annual fee

    This card charges a $0 annual fee.

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    Late payment fee

    With this card, you have to pay up to $27 in late payment fees if you fail to make the payment by the due date.

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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 Visa Platinum Card?

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Other Considerations for Alliant Credit Union Visa Platinum Card

When making the final decision about applying for the Alliant Credit Union Visa Platinum Card, MoneyGeek recommends that you keep the following considerations in mind.

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

If the Alliant Credit Union Visa Platinum Card is your first or only credit card, you won’t earn any rewards on your spending. However, you can take advantage of its introductory APR offer by financing large purchases and paying off the balance before the offer ends.

It’s important to pay off your balance in full every month with this card, as it charges a variable APR of 10.24% to 22.24% once the introductory period is over.

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

As an additional card in your wallet, you can benefit from Alliant Credit Union Visa Platinum Card’s introductory APR offer by transferring your balance from other credit cards and consolidating your debt. It’s advisable to use a different card for daily use since this card does not offer any points or cash back rewards.

Also, this card isn’t a great option to use when traveling internationally since it charges a high foreign transaction fee. Opt to use a different card in your wallet that charges no fees for these types of 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 Visa Platinum Card Compares to Other Cards

The Alliant Credit Union Visa Platinum Card compares well against other cards of the same category due to its intro APR offer on balance transfers and purchases, no annual fee and benefits like roadside assistance and rental car insurance. However, other cards may offer an introductory APR for a longer period of time as well as some additional benefits.

Quick Comparison of Alliant Credit Union Visa Platinum Card
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Alliant Credit Union Visa Platinum Card

  • Annual fee: $0
  • Purchase APR: 10.24% to 22.24%
  • International transaction fee: 2% on each transaction
  • Rewards rate: No rewards offered
  • Best for: Individuals looking to consolidate credit card debt and finance large purchases.
creditCard1

Wells Fargo Platinum Card

  • Annual fee: $0
  • Purchase APR: 16.49% - 24.49%
  • International transaction fee: 3% on each transaction
  • Rewards rate: No rewards offered
  • Best for: People looking for intro APR on balance transfers and benefits like cell phone protection.

Other Helpful Decision-Making Q&As

MoneyGeek researched the following frequently asked questions about the Alliant Credit Union Visa Platinum Card to help you make a better decision about whether or not you should apply for it.

Still not sure about this card? Consider these options.

While the Alliant Credit Union Visa Platinum Card is an excellent option for those looking to consolidate their high-interest debts or finance large purchases, you can also look at the best rewards credit cards if you’d prefer a credit card that offers rewards. You could also look at the best credit cards for people with average credit.

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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.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.