https://www.alliantcreditunion.or...ature-card
The Alliant Cashback Visa Signature card has removed the annual fee (previously $59) and now offers 2.5% cash back on up to $10,000 in purchases a month ($120,000 a year) with no annual fee. Once the $10,000 per month limit is reached, additional purchases will earn 1.5% cash back.
In order to qualify for the Tier One (2.5%), credit union members must have an Alliant checking account, sign up for electronic statements, maintain a $1000 average balance in the checking account, and receive at least one electronic deposit per month. An electronic deposit is defined as a direct deposit, payroll deposit, ATM deposit, mobile check deposit or transfer from another financial institution.
Alliant credit-union
application [alliantcreditunion.org].
Alliant Cashback Visa Signature Credit Card
application [alliantcreditunion.org]. (You can sign-up to become a member during the application).
Full terms of the offer
here [alliantcreditunion.org].
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This looks as simple to satisfy as setting up an automated transfer from my main bank to Aliant on the 1st, automated transfer out of alliant (or automated pull) on the 5th and just pass the same money back and forth.
This is definitely worth the extra 0.5% unless the $1000 permanently sitting in the account is a problem.
As for having $1k tied up permanently, frame it as an investment:
Assuming you spend $24k a year ($2k/month), $24k * 0.005 = $120
$120/$1000 = 12%, which is a pretty good ROI in my book.
$40/0.03 = $1333, so spending $1333 alone will recoup that cost.
https://slickdeals.net/f/15130546-wells-fargo-active-cash-card-a-200-cash-rewards-bonus-after-spending-1-000-in-first-3-months?v=1
The Wells Fargo is definitely appealing for the 0% for 15 months -- semi-deal-breaker for me because of foreign transaction fee while the Alliant and AOD are free.
As for having $1k tied up permanently, frame it as an investment:
Assuming you spend $24k a year ($2k/month), $24k * 0.005 = $120
$120/$1000 = 12%, which is a pretty good ROI in my book.
$40/year, maybe they will only check the first year?
$40/0.03 = $1333, so spending $1333 alone will recoup that cost.
"3 Points per dollar accrual rate is a promotional value and expires on 06/30/2022, at which time points will accrue at 2 points per dollar."
https://slickdeals.net/f/15130546-wells-fargo-active-cash-card-a-200-cash-rewards-bonus-after-spending-1-000-in-first-3-months?v=1
The Wells Fargo is definitely appealing for the 0% for 15 months -- semi-deal-breaker for me because of foreign transaction fee while the Alliant and AOD are free.
Every dollar(s) in qualifying purchase transactions, net of returns, made on their credit card account eligible in this Rewards Program earns Participant Point(s). Points accrue at 3 points per dollar as of 04/01/2021. Point accrual rate is subject to change at the discretion of the Credit Union. 3 Points per dollar accrual rate is a promotional value and expires on 06/30/2022, at which time points will accrue at 2 points per dollar. No points are earned for finance charges, fees, cash advances, convenience checks, foreign transaction currency charges, or insurance charges posted to their account. Purchase transactions are subject to the APR. Charges or transactions may be added to, or removed from, the above lists of eligible charges and transactions from time to time at the sole discretion of USALLIANCE Financial. Points begin to accumulate with purchases made beginning on the first day of the billing cycle in which the member's Program begins and ending on the last day of the last billing cycle of the announced duration of their Program. Points earned from net purchases and point adjustments made between billing statement cycles will be deemed as earned after being posted to the member's next monthly statement. Points will expire three years from the end of the calendar year in which they are earned, and will expire on a first-in, first-out basis annually. (i.e., points earned in calendar year one will expire on the last business day of calendar year four.)
Every dollar(s) in qualifying purchase transactions, net of returns, made on their credit card account eligible in this Rewards Program earns Participant Point(s). Points accrue at 3 points per dollar as of 04/01/2021. Point accrual rate is subject to change at the discretion of the Credit Union. 3 Points per dollar accrual rate is a promotional value and expires on 06/30/2022, at which time points will accrue at 2 points per dollar. No points are earned for finance charges, fees, cash advances, convenience checks, foreign transaction currency charges, or insurance charges posted to their account. Purchase transactions are subject to the APR. Charges or transactions may be added to, or removed from, the above lists of eligible charges and transactions from time to time at the sole discretion of USALLIANCE Financial. Points begin to accumulate with purchases made beginning on the first day of the billing cycle in which the member's Program begins and ending on the last day of the last billing cycle of the announced duration of their Program. Points earned from net purchases and point adjustments made between billing statement cycles will be deemed as earned after being posted to the member's next monthly statement. Points will expire three years from the end of the calendar year in which they are earned, and will expire on a first-in, first-out basis annually. (i.e., points earned in calendar year one will expire on the last business day of calendar year four.)
....we'll see.
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As for having $1k tied up permanently, frame it as an investment:
Assuming you spend $24k a year ($2k/month), $24k * 0.005 = $120
$120/$1000 = 12%, which is a pretty good ROI in my book.
$40/year, maybe they will only check the first year?
$40/0.03 = $1333, so spending $1333 alone will recoup that cost.
"3 Points per dollar accrual rate is a promotional value and expires on 06/30/2022, at which time points will accrue at 2 points per dollar."
https://slickdeals.net/f/15130546-wells-fargo-active-cash-card-a-200-cash-rewards-bonus-after-spending-1-000-in-first-3-months?v=1
The Wells Fargo is definitely appealing for the 0% for 15 months -- semi-deal-breaker for me because of foreign transaction fee while the Alliant and AOD are free.
My concern is my credit history which is around 2yrs only. Don't want to waste Hard Pull for that.
My concern is my credit history which is around 2yrs only. Don't want to waste Hard Pull for that.
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