Is the Alliant Visa Platinum credit card worth it? | finder.com

Alliant Visa® Platinum Card review – August 2018

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With an intro APR as low as 0%, no annual fee and free balance transfers, Alliant Visa® Platinum Card can help get you out of debt.

  • Get this card if… you need a no-annual-fee card with an intro APR offer on purchases and balance transfers.
  • Pick something else if…you want to earn rewards.
  • Good to excellent credit score of 680 to 850 recommended.

If you’re troubled by credit card debt and are paying double-digit interest, you’ll like Alliant Visa® Platinum Card’s intro APR: 0% for the first year. Go ahead and transfer a balance, and pay no fees or interest for the first year. All of this, with no annual fee, the Alliant Visa® Platinum Card is a solid card to help you get out of credit card debt.

The basics

It can be almost impossible to get out of credit card debt with high APRs and annual fees. Alliant Visa® Platinum Card makes transferring balances easy and affordable. And because they’re a credit union, you’ll benefit from a low 10.99% to 22.99% APR after the introductory period. However, if you need a card with no foreign transaction fees, or cashback or rewards, other Alliant credit cards might work better.

Compare Alliant Visa cards

Alliant Visa® Platinum Rewards Card Alliant Cashback Visa® Signature Credit Card Alliant Visa® Platinum Card
Annual fee $0 $0 for the first year, $59 thereafter $0
Intro APR 0%–5.99% variable for 12 months; 14.99% to 24.99% variable thereafter None 0%–5.99% variable for 12 billing cycles; 10.99% to 22.99% variable thereafter
Balance transfer fee None, unless associated with a promo offer 3% of the transferred amount None, unless associated with a promo offer
Cashback/Rewards 5 points after spending only $500 in purchases in the first 3 billing cycles Unlimited 3% cashback on all purchases in the first year then 2.5% cash back after None
Foreign transaction fee 2% of each transaction in US dollars None 2% of each transaction in US dollars

Finding the best Alliant Credit Union card for you will depend on how much you spend and what you’re willing to pay in fees. While you can find a no-annual-fee card, Alliant credit union also provides cash back and rewards cards.

Annual fee. The Alliant Cashback Visa® Signature Credit Card waives the $59 annual fee the first year, compared to the Alliant Visa® Platinum Card and Alliant Visa® Platinum Rewards Card that have no annual fees.

  • Verdict. If you want to pay no annual fees for the life of your card, the Alliant Visa® Platinum Card or Alliant Visa® Platinum Rewards Card might work well for you. But if you plan on spending more, the cash back offered with the Alliant Cashback Visa® Signature Credit Card can help offset that annual fee.

Cashback and rewards. While the Alliant Cashback Visa® Signature Credit Card offers cash back on all purchases, the Alliant Visa® Platinum Rewards Card lets you redeem points for travel rewards, merchandise, gift cards or cash back. The Alliant Visa® Platinum Card doesn’t come with cash back or rewards.

  • Verdict. Get the Alliant Cashback Visa® Signature Credit Card if you want cash back, and the Alliant Visa® Platinum Rewards Card if you’re after a variety of rewards.

Balance transfers. The Alliant Visa® Platinum Card and Alliant Visa® Platinum Rewards Card come with intro APR offers on balance transfers for 12 months, and you won’t pay a transfer fee. You’ll pay a fee for balance transfers with the Alliant Cashback Visa® Signature Credit Card.

  • Verdict. If you’re considering transferring an outstanding balance from an existing card, the Alliant Visa® Platinum Card and Alliant Visa® Platinum Rewards Card are best.
  • The perks

    • Intro APR offer. An intro APR offer on purchases and balance transfers stays in place for the first 12 billing cycles. The APR can be from 0% to 5.99% depending on your creditworthiness.
    • No balance transfer fee. Pay no balance transfer fees — ever.
    • No annual fee. You’ll pay $0 annual fee for the life of your card.

    You’ll also like…

    • Low standard APRs. Once the intro APR offer expires, you might qualify for a highly competitive standard APR , although this depends on your creditworthiness.
    • Safety and security. You’re protected from fraud with the $0 fraud liability and chip enabled card. You’ll also get complimentary auto rental collision damage waiver and roadside dispatch.

    What to watch out for

    • End of intro APR. When the intro APR offer expires, your APR will jump to 10.99% to 22.99% on your remaining balance. The revised APR will depend on your creditworthiness.
    • Traveling abroad. There’s a transaction fee of 2% of each transaction when you travel abroad.
    • Late payments. Making a late payment comes with a penalty of up to $27.

    Consider other cards if …

    • You want to earn rewards. There are several rewards cards out there, some of which come with intro APR offers on purchases and balance transfers.
    • You have poor credit. You’ll have a better chance at being approved with good to excellent credit. Check out other cards that accept poor credit.

    What to know before you apply

    Apply for the Alliant Visa® Platinum Card if:

    • You’re at least 18 years of age.
    • You’re a US citizen or permanent resident.

    What credit score do I need?

    You’re more likely to be approved with a credit score of 680 or higher.

    How to apply for the card

    1. On the Alliant Visa® Platinum Card website, click Apply Now.

    Alliant Visa Platinum Card review Step 1
    2. Complete the application with the required personal and financial information.
    3. Verify the information and submit your application.

    How long will it take to be approved?

    Alliant informs you of your application’s status almost as soon as you submit it online.

    How do you become an Alliant Credit Union member?

    • You’re an existing or retired employee of a business or organization that partners with Alliant.
    • A domestic partner or an immediate family member is an existing Alliant member.
    • You donate at least $10 to an Alliant charity partner.
    • You live near Alliant’s corporate headquarters in Chicago.

    I got the card. Now what?

    • Online banking. Use Alliant’s online banking platform to keep track of your spending, make payments and carry out balance transfers.
    • Automatic payments. Set up automatic payments from your checking account to ensure you make all your payments on time.
    • Avoid fees. You’ll pay up to $27 for late payments.
    • Customer service. Send a secured online message from the Alliant website, connect with Alliant @AlliantCU or call 800-328-1935.

    Bottom line

    Figuring out what credit card you want is unique for each situation. When making credit card comparisons, hone in on whether you want a card for balance transfers, rewards, 0% intro APR or a card with no annual fee so you can get the product that makes the most sense for your lifestyle.

    Common questions about the Alliant Visa® Platinum Card

Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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