Alliant Cash Back Visa Signature Credit Card Review

By | September 16, 2021

The Alliant Cash Back Visa Signature Credit Card is an excellent fixed rate cash reward card. One of the most distinctive Cashback Cards encourages you to develop superior and careful spending behavior since it incentivizes you to spend responsibly and paying off your debts by increasing your Cashback Reward Rate.

Alliant Cashback Visa Signature Credit Card offers you two tiers of cashback rewards. First Tier Cashback Rewards consists of an annual cashback reward of 2.5% Cashback with an annual spending cap of $10,000. Once you reach the spending level of $10,000, the 1.5% unlimited Cashback Reward Rate is applicable. The Second Tier consists of a limitless 1.5% Cashback Reward across all purchases made by you.

Alliant Cash Back Visa Signature Credit Card is a low maintenance cost card that does not charge you any Annual Fee. Moreover, it does not charge you a Foreign Transaction Fee. On the other hand, you are not offered any introductory APR. Instead, you are charged the Regular APR of 12.24%-22.24%, which is relatively lower than many credit cards.

Alliant Cash Back is a Visa Card, which implies that you will get Visa perks. These perks include Travel Accident Coverage, Rental Car Collision Coverage, Warranty Extension.


What’s Ahead

  1. Key Highlights
  2. Pros & Cons of Alliant Cash Back Visa Signature Card
  3. Rates & Fees
  4. Why might you want to go for Alliant Cash Back Visa Signature Card?
  5. Why might you want to go for a different credit card?
  6. What are the better alternatives of Alliant Cash Back Visa Signature Card?
  7. Alliant Cash Back Vs. Citi Double cash back
  8. Alliant Cash Back vs. Chase Freedom Flex
  9. Bottom-Line

Alliant Cash Back Visa Signature Credit Card
Alliant Cash Back Visa Signature Credit Card

Key Highlights

  • No Welcome Bonus
  • You can earn limitless cashback rewards with no categories to be tracked
  • As a new cardholder, you will be automatically allotted a Second Tier Cashback Reward Rate of 1.5%. If you pay off your debts punctually, you can be promoted to the First-Tier Cashback Rewards Rate of 2.5% (with a spending cap of $10,000).
  • $0 Annual Fee
  • $0 Foreign Transaction Fee
  • $0 Fraud Liability assured by Visa
  • Compatible with Google Pay, Apple Pay, Samsung Pay.
  • Personal Identity Theft Protection covers your expenses to restore your identity ($5,000 covered).
  • Visa Credit Card Late Fee of $27
  • Balance Transfer Fee of $10 or 3% of the Balance Transfer Amount.
  • No 0% Introductory APR is applicable.
  • Regular APR is Variable (ranging from 12.24%-22.24%, based on your creditworthiness).
  • Visa Concierge Services

Pros & Cons of Alliant Cash Back Visa Signature Credit Card

Pros

  • Unlimited Cashback Rewards
  • Consistent Cashback Reward Across all Spending Categories
  • Relatively Lower APR
  • Visa Signature Perks

Cons

  • No Welcome Bonus
  • No Bonus Category
  • Annual Cap of $10,000 on 2.5% Cashback Reward
  • No 0% introductory APR is offered to the new cardholders.

Full Review

Here are the full review about Alliant Cash Back Visa Signature Credit Card.

Rates & Fees

TYPESRATES ($)
Joining FeesNil
Annual FeesNil
Balance Transfer Fees$10 or 3% of the Balance Transfer Amount
Foreign Transaction FeesNil
Introductory APRNone
Regular APRVariable (12.24%-22.24%)
Fees table

Why might you want to go for Alliant Cash Back Visa Signature Card?

(1). Rich Cashback Rewards

If you can meet the card’s requirements, you can earn rich cashback rewards. As a new cardholder, you can make an unlimited cashback reward of 1.5%. If you can maintain a good track record of paying off your debts punctually, you may even be offered the next level Cashback Reward Rate of 2.5%. This higher cashback of 2.5% comes with an Annual Cap of $10,000; after that, an unlimited cashback reward of 1.5% is applicable.

(2). Consistent Cashback Rewards Across all spending categories

If you value the simplicity and comfort of consistent cashback rewards on all purchases made by you, then you might find this helpful card. Whether you belong to the 1.5% Cashback Reward group or the 2.5% Cashback Reward group, you can spend leisurely and earn a consistent cashback reward on every purchase made by you.

(3). Relatively Lower APR

Alliant Cash Back Visa Signature Credit Card Back charges you a Regular APR of 12.24%-22.24%, which is one of the lowest among all the flat-rate cards. Carrying a balance and paying off interests on your debts reduces the margin of the cashback rewards earned by you. So it’s in your best interest to pay off your credit card bills each month. Alliant Cash Back Card charges you one of the interest rates.

(5). Visa Signature Perks

  • Alliant Cash Back Card as a Visa Card offers you many Visa Signature perks. These include the following bonuses.
  • Identity Theft Protection (which covers you in case of identity theft, by protecting your identity restoration expenses up to $5,000).
  • Extended Warranty Coverage effectively doubles up the manufacturer warranty whenever purchases are made using the card on eligible items.
  • Travel Accident Coverage covers you in case of accident by covering up your expenses up to $250,000.
  • Rental Car Collision Coverage covers your expenses in case of an automobile collision.

Why might you want to go for a different credit card?

(1). No Welcome Bonus

Many credit cards offer you a Welcome Bonus (usually ranging from $150-$200) as you hit the threshold expenditure (generally ranging from $500-$1,000).

Alliant Cash Back does not offer you a Welcome Bonus, which might be a bummer for many people.

(2). Lower Cashback Reward Rate

Alliant Cash Back Visa Signature Credit Card offers you two tiers of cashback reward rates (i.e., 1.5% & 2.5%). While both of these reward rates earn you a decent cashback, it’s not the best cashback reward rate since there are some 5% Cashback Cards, too (including Chase Freedom Flex & Discover It).

(3). No Bonus Category

Alliant Cash Back Visa Signature Credit Card offers you a consistent cashback reward across all spending categories, implying that you don’t get any Bonus Category. If you make purchases in the select category and want to get an incentive on purchases made in that specific category, it’s not the best card for you due to the lack of a Bonus Category.

(4). Capped Annual Cashback Amount on High Cashback Reward Rate

The high 2.5% Cashback Reward offered by this card is a decent cashback offer. But it comes with a cost in the form of an annual cap of $10,000.

The yearly cap of $10,000 would impact not everyone, but if you are a big s[ender, you might not earn the high cashback of 2.5% as soon as you hit the cap, thereby reducing the cashback earning potential.

(5). No 0% Introductory APR

Alliant Cash does not offer you an introductory APR. Instead, it charges you the regular APR of 12.24%-22.24%, which is a relatively lower APR than many cards. Paying interest on purchases often reduces the cashback earned by you. Several cards offer you a 0% intro APR period for one year of account opening or more, thereby relieving the new cardholders.


What are the better alternatives of Alliant Cash Back Visa Signature Credit Card?

We have analyzed various cash cards that may offer you a better value for your money, which include the following:

  1. Citi Double Cashback Credit Card
  2. Chase Freedom Flex Credit Card

Here are the Quick Comparison with above credit card.

Alliant Cash Back Vs. Citi Double cash back

FEES & RATES Alliant Cash Back Visa Signature Credit CardCiti Double Cashback Credit Card
Welcome Bonus/Sign-up BonusNoneNone
Cashback Rewards1.5%-2.5% (depending upon your track record of debt pay-off)2% total Cashback (1% as you buy and 1% as you pay)
Intro APRNone0% APR for 18 Months
Regular APRVariable 12.24%-22.24%Variable 13.99-23.99%Variable 13.99-23.99%
Annual Fee0%0%
Foreign Transaction Fees0%3%
Balance Transfer FeeEither $10 or 3% of the Balance Transfer AmountEither $5 or 3% of the amount of each credit card, whichever is higher

Cashback Reward Rate

Alliant Cashback offers you two tiers of cashback rate (1.5% unlimited cashback & 2.5% cashback rate, with an annual spending cap of $10,000). On the other hand, Citi Double offers you a cashback reward of 2%(1% on making the payment, 1% on making a complete payment for your purchase).

Sign-up Bonus

Both Alliant Cash Back and Citi Double do not offer you any sign-up bonus.

Foreign Transaction Fee

Alliant Cash Back does not charge you any Foreign Transaction Fee. On the other hand, Citi Double charges you a Foreign Transaction Fee of 3%.

Annual Fee

Both Alliant Cash Back Visa Signature Credit Card and Citi Double do not charge you any Annual Fee.

Balance Transfer Fee

Alliant Cash Back Visa Signature Credit Card charges you either $10 or 3% of the Balance Transfer Amount (whichever is higher is chargeable). On the other hand, Citi Double sets you either $5 or 3% of the amount of each credit card (whichever is higher is chargeable).

Introductory APR

Alliant Cash Back does not offer you a 0% introductory APR. On the other hand, Citi Double provides you with a 0% introductory APR Period of 18 Months.

Regular APR

Alliant Cash Back charges you the Regular APR of 12.24%-22.24%. On the other hand, Citi Double charges you the Regular APR of 13.99%-23.99%.

Alliant Cash Back Visa Signature Credit Card vs. Chase Freedom Flex Credit Card

FEES & RATES Alliant Cash Back Visa Signature Credit CardCiti Double Cashback Credit Card
Welcome Bonus/Sign-up BonusNone$200 Cash Rewards Bonus on purchases worth $500 made within the first three months of Account Opening.
Cashback Rewards1.5%-2.5% (depending upon your track record of debt pay-off)Variable cashback of 5% for travel, 3% for Dine-in, Drugstores, 1.5% on other purchases
Intro APRNone0% APR for 15 Months
Regular APRVariable 12.24%-22.24%Variable
14.99 -23.74%
Annual FeeNoneNone
Foreign Transaction Fees0%3%
Balance Transfer FeeEither $10 or 3% of the Balance Transfer Amount$5 or 5%, whichever is higher, is charged.

Cashback Reward Rate

Alliant Cash Back Visa Signature Credit Card offers you a Cashback Reward of 1.5%-2.5% (depending upon your track record of debt pay-off). Chase Freedom Flex offers you a variable cashback reward of 5% on Travel & Grocery, 3% for Dine-in & Drugstores, 1.5% on other purchases.

Sign-up Bonus

Alliant Cash Back Visa Signature Credit Card does not offer you any sign-up bonus. On the other hand, Chase Freedom Flex offers you a welcome bonus of $200 Cash Rewards Bonus on purchases worth $500 made within the first three months of Account Opening.

Foreign Transaction Fee

Alliant Cash Back does not charge you any Foreign Transaction Fee. Chase Freedom Flex sets you a Foreign Transaction of 3%.

Annual Fee

Both Alliant Cash Back and Chase Freedom Flex do not charge you any Annual Fee.

Balance Transfer Fee

Alliant Cash Back Visa Signature Credit Card charges you a Balance Transfer Fee of $10 or 3% of the Balance Transfer Amount (whichever is higher is applicable). Chase Freedom Flex sets you either $5 or 5%, whichever is higher, is charged.

Introductory APR

Alliant Cash Back Visa Signature Credit Card does not offer you an intro APR. On the other hand, Chase Freedom Flex offers you a 0% intro APR for 15 months.

Regular APR

Alliant Cash Back Visa Signature Credit Card charges you the Regular APR of 12.24%-22.24%. Chase Freedom Flex, on the other hand, charges you a Regular APR of 14.99%-23.74%.


What Credit Score Do I need to qualify for Alliant Cash Back Visa Signature Credit Card?

A good to excellent Credit Score of 670 or above is good enough for you to qualify for Alliant Cash Back Visa Signature Card. However, you should note that credit score is one of the main components taken into consideration. There are other components too that are taken into consideration. These include Income Level, Debt History.

How to redeem Cash Rewards using Alliant Cash Back?

You can redeem your cash rewards either in statements credits or in the form of direct deposits into your US Bank Account.


Bottom-Line

Alliant Cash Back Credit Card

Alliant Cash Back is a unique credit card that incentivizes you for your good by encouraging you to pay off your debts early, and after that, your cashback reward rate will rise from 1.5% to 2.5% over one year. It is a no annual fee and no foreign transaction fee that reduces your Annually Recurring Costs.

Editor's Rating:
3.7

It charges you a relatively lower APR than most credit cards, lowering the interest rate and increasing your cashback reward. But this lower regular APR comes at the cost of No introductory APR, which implies that you will still have to pay the standard interest rates even as a new cardholder.

Since it is a Visa Card, it offers you various additional perks (including Warranty Extension, Travel Accident Insurance, Auto Repair Insurance, and Identity Theft Protection).

When we look at the whole picture, we find this card to be decent for earning a proper cashback reward. But there are certain advantages offered by certain cards.
For example, Citi Double offers you arguably the most prolonged intro APR period of 18 Months.

Similarly, Chase Freedom Flex offering you a versatile range of bonus categories and arguably higher cashback rewards), is best for you to use this card along with one of the cards mentioned above to maximize the value of your money spent.

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