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.
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.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Has Rewarding Welcome Offer
- Credit NeededGood-Excellent
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
- $0Annual Fee
- 12 monthsAPR Offer Duration
- 12 monthsBalance Transfer Duration
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.
- Introductory APRThis 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 guaranteeThe $0 fraud liability guarantee that comes with this card protects you in case someone uses it to make unauthorized purchases.
- $0 annual feeWith this card, you don’t have to pay an annual fee. This feature can help you save money on extra fees and charges.
- High foreign transaction feeThis 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 programSince 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.
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 FeatureDescription
- EMV chipThe 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 serviceThis 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 waiverThe 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.
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 FeatureAmount or Rate
- Annual Fee$0
- Balance Transfer Fee2%
- Balance Transfer APR10.24%–22.24%
- Late Fees$27
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.
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.
Foreign transaction fee
If you use this card while traveling internationally, you have to pay 2% of each transaction as a foreign transaction fee.
This card charges a $0 annual fee.
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.
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?
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.
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
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.
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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Learn more about credit cards in general
- Alliant. "Visa Platinum Card FAQs." Accessed April 11, 2022.
- Alliant. "Visa Platinum Card Features." Accessed April 11, 2022.
- Alliant. "Visa Platinum Card Rates." Accessed April 11, 2022.
- Visa. "Visa EMV chip cards help reduce counterfeit fraud by 87 percent." Accessed April 11, 2022.
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