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Alliant Visa® Platinum Rewards Card review
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This no-annual-fee card from Alliant lets you earn 2x points on all purchases to redeem for cash back and more.
- Get this card if… you want to earn rewards and pay no annual fee.
- Pick something else if…you want a cash back rewards card with higher points-per-dollar.
- Good to excellent credit score of 630 or higher recommended.
5,000
Points as welcome offer
Up to 2x
Points
$0
Annual fee
0%
Intro purchase APR
for the first 12 months (then 13.24% to 23.24% variable)
Details
| Product Name | Alliant Visa® Platinum Rewards Card |
|---|---|
| Card type | Visa |
| Annual fee | $0 |
| Purchase APR | 0% intro for the first 12 months (then 13.24% to 23.24% variable) |
| Balance transfer APR | 0% intro for the first 12 months (then 13.24% to 23.24% variable) |
| Balance transfer fee | $5 or 2% of the transaction, whichever is greater |
| Cash advance rate | 18.24% to 24.24% variable |
| Cash advance fee | $10 or 3% of the cash advance amount, whichever is greater |
| Penalty APR | 25.24% variable |
| Foreign transaction fee | 2% of the transaction value |
| Interest free period | Up to 25 days |
| Late payment fee | Up to $27 |
| Returned payment fee | Up to $27 |
The Alliant Visa® Platinum Rewards Card comes with a signup bonus of 5,000 points after spending $500 in the first 90 days. You’ll earn 2x points on all purchases for a variety of rewards.
The basics
If you’re looking for a no-annual-fee rewards card, take a look at the Alliant Visa® Platinum Rewards Card. This credit union card comes with a low APR and no annual fee. You’re rewarded 2x points for all purchases, redeemable for cash back, travel rewards, gift cards, charitable contributions and more. Trying to get out of debt? Balance transfers are free and come with a low intro APR for the first year. There is a fee for foreign transactions, so travelers should check out the Alliant Cashback Visa® Signature Credit Card.
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, $99 thereafter | $0 |
| Intro APR | 0%–5.99% variable intro APR for 12 months; 13.24% to 23.24% variable thereafter | None | 0%–5.99% variable intro APR for 12 months; 10.24% to 22.24% 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 | 2x points on all purchases | 2.5% cash back with no categories to track | 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 Signature Card waives the $99 annual fee the first year, compared to the Alliant Visa® Platinum Card and Alliant Visa® Platinum Rewards Card cards, which have no annual fee.
- Verdict. If you want to pay no annual fees for the life of your card, the Platinum or Alliant Visa® Platinum Rewards Card card might work well for you. But if you plan on spending more, the cash back offered with the Signature card can help offset that annual fee.
Cashback and rewards. While the Signature Card offers cash back on all purchases, the Alliant Visa® Platinum Rewards Card Card lets you redeem points for travel rewards, merchandise, gift cards or cash back. The Platinum Card doesn’t come with cash back or rewards.
- Verdict. Get the Signature Card if you want cash back, and the Alliant Visa® Platinum Rewards Card Card if you’re after a variety of rewards.
Balance transfers. The Platinum and Alliant Visa® Platinum Rewards Card cards come with intro APR offers on balance transfers for 12 months, and you won’t pay an annual fee. You’ll pay a fee for balance transfers with the Signature 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 cards are best.
The perks
- Earn reward points. You’ll earn 2x points on all purchases.
- Bonus points. You’ll get 5,000 bonus points if you spend $500 in purchases within the first three months from opening your account.
- Rewards. Redeem your points for travel rewards, adventures, events, merchandise, gift cards and charitable contributions. You can also redeem your rewards points as cash back into your Alliant Visa® Platinum Rewards Card account or your Alliant savings or checking account.
- Intro APR offer. This rewards card comes with an intro APR offer on purchases and balance transfers for the first 12 months. The intro APR will vary from 0% to 5.99%, depending on your creditworthiness.
You’ll also like…
- No annual fees. This card comes with no annual fees for the life of the card.
- No balance transfer fees. You can transfer balances from other cards at any time without paying balance transfer fees.
- Safety and security. A $0 liability feature protects you from fraudulent transactions. This chip enabled card offers free roadside assistance and auto rental collision damage waiver.
What to watch out for
- End of intro APR. Once the 12-month intro period ends, you’ll need to start paying interest on all outstanding balances from purchases and balance transfers.
- Points expire. After five years your points will expire.
- Late payments. You’ll pay up to $27 for paying late.
What credit score do I need?
There is a greater possibility of your application’s approval if your credit score is 630 or higher.
How to apply for the card
1. On the Alliant Visa® Platinum Rewards Card website, click Apply Now.
2. Provide the required personal and financial information.
3. Confirm that the information is correct and submit your application.
How long will it take to be approved?
Once you submit an online application, you’ll find out about its status almost immediately.
How do you become an Alliant Credit Union member?
To get the Alliant Visa® Platinum Rewards Card, you need to become an Alliant member. You can become one if:
- 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
The Alliant Visa® Platinum Rewards Card offers plenty of perks, including the intro APR offer, 2x rewards points and $0 annual fees, but you’ll need good to excellent credit to qualify. Be sure to compare your options before making any decisions.
Our guide to rewards credit cards