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Alliant Credit Union Visa Signature 3% Unlimited Cashback Year 1, 2.5% Thereafter, $59 Annual Fee (Waived Year 1)

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Alliant Credit Union is offering their Visa Signature card with one of the highest cashback rates available at 3% for the first year, and 2.5% thereafter in all categories and without spending limits. I'm not aware of any other credit card (other than one by USAA for military with direct deposit requirements) that can match this rate.

The annual fee starting in year 2 is $59.

Until now, the best cashback rate I'm aware of is 2% w/ $0 annual fee, all categories, no spending limits.

EDIT: Seems some people are having a hard time with math, so I'm going to make this really simple:
  • If you spend < $11,800 ($59 / 1/2%), stay with your 2% no annual fee card because even at 2.5%, you won't spend enough to overcome the annual cost of the card @ $59 starting year 2.
  • If you spend > $11,800, every dollar you spend beyond that earns you more cashback with this card than your 2% no-fee card.

http://www.alliantcreditunion.org/

Click on "Earn 3% cash back..." link to the right of the screen to apply.
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Created 01-14-2018 at 07:30 PM by blueknob
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25 Comments

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This comment has been rated as unhelpful by Slickdeals users
Joined Nov 2016
L5: Journeyman
643 Posts
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#2
I don't think people would be looking at $190 if they're dropping 50 grand just through their credit card.

Or another way of saying it, I'm not going to spend $50,000 a year to profit $190.
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Joined Dec 2013
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#3
if you spend more than 12k per year, the 2.5% card with $59 annual fee works out better.
Else, stick with the 2% no annual fee card.
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Joined Oct 2012
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#4
$59 annual fee to only gain 2.5% cash back after the first year? I'll stick with Citi Double Cash card with 2% and no annual fee.
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Joined Aug 2013
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#5
Quote from SlateSphere2
:
$59 annual fee to only gain 2.5% cash back after the first year? I'll stick with Citi Double Cash card with 2% and no annual fee.

tru that tru that
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Joined Apr 2008
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#6
Quote from tedzo
:
if you spend more than 12k per year, the 2.5% card with $59 annual fee works out better.
Else, stick with the 2% no annual fee card.
Iagree Amen. This guy knows what he's talking about. nod I got this card recently for exactly this reason. Repped!
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Joined Nov 2004
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#7
Better to do BoA Premium Rewards at 2.6% CB with no annual fee, assuming you have $100k liquid to keep in BoA/ML.
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#8
TD because OP used $50,000 spending per year as examples, to inflate bonus, without any justification
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#9
Quote from Eros
:
Better to do BoA Premium Rewards at 2.6% CB with no annual fee, assuming you have $100k liquid to keep in BoA/ML.
Iagree For those who already have $100k+ with BoA/ML or can move that amount into BoA/ML (thus qualifying for Preferred Rewards Platinum Honors status for a 2.625% cash back), definitely check out the Premium Rewards Travel Card [doctorofcredit.com].
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Joined Sep 2009
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#10
Best non-category card is pretty easy to figure out, just keep going down the question flowchart until you answer yes, then get/use that card as it'll return higher rewards than anything else.


Do you travel significantly?

If yes then it's the Chase Freedom Unlimited or the Amex Blue Business Plus (depending on if you tend to value UR or MR more)

If not then- Do you have 100k parked or invested in ML/BOA, (or able to be) without costing you anything else including opportunity costs putting it elsewhere? If yes then BOA Premium card.

If not then- Do you spend more than 12k a year on non-category? If yes then this card (Alliant)

If not then- Citi Doublecash



(note I'm leaving out the USAA 2.5% card, because you don't seem to be able to get them anymore... if you could, or were lucky enough to get one when you could, then it'd go ahead of both this card (after year 1) and the Citi DC)
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Joined Dec 2008
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#11
Quote from Eros
:
Better to do BoA Premium Rewards at 2.6% CB with no annual fee, assuming you have $100k liquid to keep in BoA/ML.
Is it possible to do the premium rewards card with no fee? I've only seen the $95 that doesn't get waived.
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Joined Dec 2008
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#12
Quote from ffly45
:
TD because OP used $50,000 spending per year as examples, to inflate bonus, without any justification
Every dollar above $11,800 ($59 annual fee / 1/2%) that you would otherwise spend on a 2% card is more cashback going into your pocket for doing nothing other than using a new credit card. It's free money. If you don't spend at least $11,800 each year, then this card is not for you. If you spend above that on a 2% card, you're leaving money on the table.
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Last edited by blueknob January 16, 2018 at 05:32 PM.
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Joined Dec 2008
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Original Poster
#13
Quote from tedzo
:
if you spend more than 12k per year, the 2.5% card with $59 annual fee works out better.
Else, stick with the 2% no annual fee card.
Thank you and repped. I added this to my OP to make the cutoff more clear for people.
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#14
Quote from jayfan29
:
Is it possible to do the premium rewards card with no fee? I've only seen the $95 that doesn't get waived.

Not waived- but you do get a $100 annual travel credit which can cover things like taxes on airline tickets, baggage fees, ticket change fees, etc...

Then again, if you travel enough to use it, you're probably in category 1 from my earlier post and the BoA card then sucks for pretty much any other spend compared to better travel cards.
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Joined Dec 2016
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#15
USAA has withdrawn their 2 1/2% card from the market - no cards for you.
Get this Alliant card while you can.
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