Alliant Visa [credit card]

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mrmass
Posts: 91
Joined: Thu Jul 26, 2018 6:35 pm

Alliant Visa [credit card]

Post by mrmass » Mon Nov 05, 2018 7:16 am

I was just on Alliant's site and it looks like their Visa is down to 2% with no fee. I was looking for the 3/2.5 card and stumbled on it.

https://www.alliantcreditunion.org/bank ... edit-cards

Trism
Posts: 249
Joined: Mon Jul 18, 2016 6:34 pm

Re: Alliant Visa

Post by Trism » Mon Nov 05, 2018 7:27 am


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sunny_socal
Posts: 1689
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Re: Alliant Visa

Post by sunny_socal » Mon Nov 05, 2018 9:35 am

Yeah that's the one I have:
- 3% cash back 1st year, no fee
- 2.5% cash back thereafter, $59 annual fee

Well worth it even with the fee, I've been making $300-400/month in cash back (we moved so we put a LOT of cash through this card.)

It's not hard to get but there is a lot of documentation required. About the same as applying for a mortgage!

HEDGEFUNDIE
Posts: 998
Joined: Sun Oct 22, 2017 2:06 pm

Re: Alliant Visa

Post by HEDGEFUNDIE » Mon Nov 05, 2018 9:55 am

So the breakeven for the old card is $11,800 per year in spending for the extra 0.5% cash back to cover the annual fee.

I’ll be calling them today asking to convert my card to the new one.

Johnsson
Posts: 146
Joined: Mon Jul 17, 2017 2:28 pm

Re: Alliant Visa

Post by Johnsson » Mon Nov 05, 2018 1:13 pm

Need to obtain a loan from them 1st (as stated on their website)?

lakpr
Posts: 301
Joined: Fri Mar 18, 2011 9:59 am

Re: Alliant Visa

Post by lakpr » Mon Nov 05, 2018 2:08 pm

Alliant is offering both cards.

- Visa Signature card with 3% first year / 2.5% thereafter, $59 annual fee
- Visa Platinum card with 2% back in points, redeemable at 1cent per point as cashback (so 2% cashback card); no annual fee

I don't know why people are referring to as "old card" (for 3%/2.5% card) and "new card" (2% card) in this thread ... what seems to have happened is that the previously-1% cashback card was upgraded to 2% cashback, but it did not get as much advertisement/marketing as it should deserve.

Trism
Posts: 249
Joined: Mon Jul 18, 2016 6:34 pm

Re: Alliant Visa

Post by Trism » Mon Nov 05, 2018 2:20 pm

I'm going to continue to enjoy my Bank of America Travel Rewards card, which at the Platinum Honors tier earns 2.625% on all purchases (when redeemed as cash toward travel purchases), and has no annual fee.

Platinum Honors requires a $100k relationship, which can be as simple as $100k in whatever you want (Vanguard funds, for example) in a Merrill Lynch brokerage account.

UpperNwGuy
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Joined: Sun Oct 08, 2017 7:16 pm

Re: Alliant Visa

Post by UpperNwGuy » Mon Nov 05, 2018 2:51 pm

If these Alliant cards earn "points," how easy or hard is it to redeem the points for cash? Can it be a statement credit? Can it be a deposit to an Alliant checking account? Can it be a deposit to a non-Alliant checking account? Can it be Visa gift cards? Is a point worth exactly one cent?

reimann
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Joined: Thu Mar 30, 2017 9:31 pm

Re: Alliant Visa

Post by reimann » Mon Nov 05, 2018 2:56 pm

I go the Alliant card last year and am very happy with it. No glitches. I didn't have to open an account and am not a member of a credit union but they joined me up for one for no fee (pure semantics). I use it for every purchase now.

reimann
Posts: 40
Joined: Thu Mar 30, 2017 9:31 pm

Re: Alliant Visa

Post by reimann » Mon Nov 05, 2018 2:57 pm

UpperNwGuy wrote:
Mon Nov 05, 2018 2:51 pm
If these Alliant cards earn "points," how easy or hard is it to redeem the points for cash? Can it be a statement credit? Can it be a deposit to an Alliant checking account? Can it be a deposit to a non-Alliant checking account? Can it be Visa gift cards? Is a point worth exactly one cent?
Your percent back is deposited directly into an account every month for your use. It seems seemless to me.

sfchris
Posts: 197
Joined: Mon Mar 30, 2015 1:41 am

Re: Alliant Visa

Post by sfchris » Mon Nov 05, 2018 4:01 pm

I have had the card for a year and a half and kept it after the 3% promo expired and it dropped down to 2.5%. With my spend and the $59 fee it works out to about 2.3% cashback per year, still better than anything out there.

Periodically, I have to log in and request the money get deposited in my savings account. It is simple after you learn the weird web interface the first time.

Alliant is a fantasic credit union for many reasons (fast ACH, low fees, ATM rebates, competitive savings rates, free bill pay, to name a few) and I highly endorse them.

arf30
Posts: 287
Joined: Sat Dec 28, 2013 11:55 am

Re: Alliant Visa

Post by arf30 » Mon Nov 05, 2018 4:07 pm

Does Alliant's billpay support e-bills yet? Last I checked they were using a different system than most banks.

Trism
Posts: 249
Joined: Mon Jul 18, 2016 6:34 pm

Re: Alliant Visa

Post by Trism » Tue Nov 06, 2018 7:54 am

sfchris wrote:
Mon Nov 05, 2018 4:01 pm
...after the 3% promo expired and it dropped down to 2.5%. With my spend and the $59 fee it works out to about 2.3% cashback per year, still better than anything out there.

Alliant is a fantasic credit union for many reasons (fast ACH, low fees, ATM rebates, competitive savings rates, free bill pay, to name a few) and I highly endorse them.
I'll take my 2.625% back with no AF from Bank of America.

I closed my Alliant membership after attempting a mortgage with them. O. M. G.

YMMV

sfchris
Posts: 197
Joined: Mon Mar 30, 2015 1:41 am

Re: Alliant Visa

Post by sfchris » Wed Nov 07, 2018 4:55 pm

Trism wrote:
Tue Nov 06, 2018 7:54 am
sfchris wrote:
Mon Nov 05, 2018 4:01 pm
...after the 3% promo expired and it dropped down to 2.5%. With my spend and the $59 fee it works out to about 2.3% cashback per year, still better than anything out there.

Alliant is a fantasic credit union for many reasons (fast ACH, low fees, ATM rebates, competitive savings rates, free bill pay, to name a few) and I highly endorse them.
I'll take my 2.625% back with no AF from Bank of America.

I closed my Alliant membership after attempting a mortgage with them. O. M. G.

YMMV
That appears to be a travel card, not a generic cash back card like Alliant is. For those like me who do not travel much that is not an option.

Trism
Posts: 249
Joined: Mon Jul 18, 2016 6:34 pm

Re: Alliant Visa

Post by Trism » Wed Nov 07, 2018 5:40 pm

sfchris wrote:
Wed Nov 07, 2018 4:55 pm
Trism wrote:
Tue Nov 06, 2018 7:54 am
sfchris wrote:
Mon Nov 05, 2018 4:01 pm
...after the 3% promo expired and it dropped down to 2.5%. With my spend and the $59 fee it works out to about 2.3% cashback per year, still better than anything out there.

Alliant is a fantasic credit union for many reasons (fast ACH, low fees, ATM rebates, competitive savings rates, free bill pay, to name a few) and I highly endorse them.
I'll take my 2.625% back with no AF from Bank of America.

I closed my Alliant membership after attempting a mortgage with them. O. M. G.

YMMV
That appears to be a travel card, not a generic cash back card like Alliant is. For those like me who do not travel much that is not an option.
If you aren't going to do redemptions toward travel purchases there are other cards that make more sense. Other redemptions on this card yield a max of 1.75%, which isn't hard to beat.

tj
Posts: 2207
Joined: Thu Dec 24, 2009 12:10 am

Re: Alliant Visa

Post by tj » Wed Nov 07, 2018 10:29 pm

HEDGEFUNDIE wrote:
Mon Nov 05, 2018 9:55 am
So the breakeven for the old card is $11,800 per year in spending for the extra 0.5% cash back to cover the annual fee.

I’ll be calling them today asking to convert my card to the new one.
Did they convert it?

HEDGEFUNDIE
Posts: 998
Joined: Sun Oct 22, 2017 2:06 pm

Re: Alliant Visa

Post by HEDGEFUNDIE » Sat Nov 10, 2018 1:48 pm

tj wrote:
Wed Nov 07, 2018 10:29 pm
HEDGEFUNDIE wrote:
Mon Nov 05, 2018 9:55 am
So the breakeven for the old card is $11,800 per year in spending for the extra 0.5% cash back to cover the annual fee.

I’ll be calling them today asking to convert my card to the new one.
Did they convert it?
Nope, they didn't. It would have to be a new application.

drk
Posts: 821
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Location: Seattle

Re: Alliant Visa

Post by drk » Sat Nov 10, 2018 2:25 pm

sfchris wrote:
Wed Nov 07, 2018 4:55 pm
Trism wrote:
Tue Nov 06, 2018 7:54 am
sfchris wrote:
Mon Nov 05, 2018 4:01 pm
...after the 3% promo expired and it dropped down to 2.5%. With my spend and the $59 fee it works out to about 2.3% cashback per year, still better than anything out there.

Alliant is a fantasic credit union for many reasons (fast ACH, low fees, ATM rebates, competitive savings rates, free bill pay, to name a few) and I highly endorse them.
I'll take my 2.625% back with no AF from Bank of America.

I closed my Alliant membership after attempting a mortgage with them. O. M. G.

YMMV
That appears to be a travel card, not a generic cash back card like Alliant is. For those like me who do not travel much that is not an option.
Huh? I get a minimum of 2.625% cash back on purchases with the Premium Rewards card. That is, they deposit cash into my brokerage or checking account. Travel doesn't come into the picture.

User avatar
cockersx3
Posts: 173
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Re: Alliant Visa

Post by cockersx3 » Sat Nov 10, 2018 6:16 pm

We have the Alliant 3%/2.5% card and like it so far (about 6 months into first year). My only issue is that the transaction downloads don't seem to "play nice" with Quicken. Lots of transactions show up as duplicates, so I need to go into Quicken and manually delete the extra ones. Have started to only download a week or so of transactions at a time, to save me from having to delete a ton of extra transactions every time....

They also have a great debit card for kids 13+ with a parent co-owner. It's a great way to teach my kids how to use these responsibly, also saves them from having to carry much cash. And I can monitor balance and spending, but my kids are (so far anyway) pretty responsible and have been handling the card well.

Trism
Posts: 249
Joined: Mon Jul 18, 2016 6:34 pm

Re: Alliant Visa

Post by Trism » Sun Nov 11, 2018 8:33 am

drk wrote:
Sat Nov 10, 2018 2:25 pm
sfchris wrote:
Wed Nov 07, 2018 4:55 pm
Trism wrote:
Tue Nov 06, 2018 7:54 am
sfchris wrote:
Mon Nov 05, 2018 4:01 pm
...after the 3% promo expired and it dropped down to 2.5%. With my spend and the $59 fee it works out to about 2.3% cashback per year, still better than anything out there.

Alliant is a fantasic credit union for many reasons (fast ACH, low fees, ATM rebates, competitive savings rates, free bill pay, to name a few) and I highly endorse them.
I'll take my 2.625% back with no AF from Bank of America.

I closed my Alliant membership after attempting a mortgage with them. O. M. G.

YMMV
That appears to be a travel card, not a generic cash back card like Alliant is. For those like me who do not travel much that is not an option.
Huh? I get a minimum of 2.625% cash back on purchases with the Premium Rewards card. That is, they deposit cash into my brokerage or checking account. Travel doesn't come into the picture.
I was commenting on my Bank of America Travel Rewards Visa, which (with Platinum Honors) earns 1.75 points/dollar for all spending, but gets the best redemption rate ($0.015/point, or a 2.625% return) when redeemed against travel purchases. For non-travel-purchase redemptions you only get $0.01/point.

The Premium Rewards card is an even better card because you get (with Platinum Honors) 2.625% on general spending and 3.5% on travel and dining, and can redeem for cash as you described. This card has a $95 AF. but comes with a $100 annual airline incidental credit plus a TSA Precheck/Global Entry application refund once every X years, which more than compensates for the fee.

drk
Posts: 821
Joined: Mon Jul 24, 2017 10:33 pm
Location: Seattle

Re: Alliant Visa

Post by drk » Sun Nov 11, 2018 10:09 am

Trism wrote:
Sun Nov 11, 2018 8:33 am
drk wrote:
Sat Nov 10, 2018 2:25 pm
sfchris wrote:
Wed Nov 07, 2018 4:55 pm
Trism wrote:
Tue Nov 06, 2018 7:54 am
sfchris wrote:
Mon Nov 05, 2018 4:01 pm
...after the 3% promo expired and it dropped down to 2.5%. With my spend and the $59 fee it works out to about 2.3% cashback per year, still better than anything out there.

Alliant is a fantasic credit union for many reasons (fast ACH, low fees, ATM rebates, competitive savings rates, free bill pay, to name a few) and I highly endorse them.
I'll take my 2.625% back with no AF from Bank of America.

I closed my Alliant membership after attempting a mortgage with them. O. M. G.

YMMV
That appears to be a travel card, not a generic cash back card like Alliant is. For those like me who do not travel much that is not an option.
Huh? I get a minimum of 2.625% cash back on purchases with the Premium Rewards card. That is, they deposit cash into my brokerage or checking account. Travel doesn't come into the picture.
I was commenting on my Bank of America Travel Rewards Visa, which (with Platinum Honors) earns 1.75 points/dollar for all spending, but gets the best redemption rate ($0.015/point, or a 2.625% return) when redeemed against travel purchases. For non-travel-purchase redemptions you only get $0.01/point.

The Premium Rewards card is an even better card because you get (with Platinum Honors) 2.625% on general spending and 3.5% on travel and dining, and can redeem for cash as you described. This card has a $95 AF. but comes with a $100 annual airline incidental credit plus a TSA Precheck/Global Entry application refund once every X years, which more than compensates for the fee.
Woof. I completely glossed over the "with no AF" the first time through. Sorry, sfchris!

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