An eye-catching flat rate card for credit union members

On By Pranco

Why we like this card: The Alliant Cashback Visa® Signature Credit Card Offers an Impressive 2.5% money back on all purchases (up to $10,000 per billing cycle) for those who can meet certain criteria. With no annual fee and several additional benefits, it’s a great all-around card for Alliant Credit Union members.

Positives

Disadvantages

Alliant Cashback Visa Signature Card: Overview

The Alliant Cashback Visa Signature Credit Card offers a significant 2.5% cash back rate on all purchases up to $10,000 per billing cycle to cardholders who also have a High-Rate Checking account. This fixed cashback is available without the need for rotating categories or sign-ups, making it simple and hassle-free. Cardholders will then earn unlimited 1.5% cashback on all other eligible purchases. (Those who don’t have a companion checking account will earn 1.5% back on all purchases.)

This card also comes with additional benefits and features, such as a comprehensive suite of Visa Signature benefits. These include rental car coverage, travel accident insurance, and purchase protection. Customer service and security features are also notable, with 24-hour fraud monitoring and identity theft protection. The Alliant Cashback Visa Signature Credit Card has no annual fees, and the lack of foreign transaction fees makes it a good choice for international travelers.

Alliant Cashback Visa Signature Credit Card: Rewards

Alliant offers two levels of cash back rewards on this card:

Level 1 Rewards

  • 2.5% cash back on the first $10,000 in eligible purchases per billing cycle

  • Unlimited 1.5% cashback on all other eligible purchases

To qualify for Tier 1 rewards, the primary cardholder must have an Alliant High-Rate Checking account and meet the following requirements each calendar month:

  • Sign up to receive eStatements; And

  • At least one electronic deposit into the account per calendar month (direct deposit, ATM deposit, mobile check deposit, or transfer from another financial institution); And

  • Maintain an average daily balance of $1,000 or more

Remark: New cardholders automatically earn Tier One rewards for the first 100 days after card approval.

Level 2 Rewards

How to Redeem Alliant Cashback Visa Signature Credit Card Rewards

Redeeming cash back rewards is simple: You can choose to receive cash back as a credit to your credit card statement (which will appear within one billing cycle) or as a deposit to your Alliant checking or savings account.

Additional benefits

In addition to cashback, the Alliant Cashback Visa Signature Card offers a number of other benefits, including:

  • Protection against personal identity theft: Get reimbursed up to $5,000 for covered costs incurred to restore your identity as a result of a covered identity event.

  • Purchase security: New retail purchases made with your eligible Visa Signature card and/or rewards program associated with your covered Signature account are protected against theft or damage within the first 90 days from the date of purchase.

  • Travel accident insurance: You and your dependents are automatically covered when your covered Visa Signature card account is charged the full rate.

  • Damage waiver for car rental: This coverage eliminates the need to pay for the damage waiver or similar benefit offered by commercial rental car companies on most passenger vehicles. Coverage applies when you use your Alliant Visa Signature card to pay rent.

  • Roadside shipping: Get 24-hour access to roadside assistance via a toll-free number.

  • ID navigator powered by NortonLifeLock: Stay informed and know what to do if your identity is threatened with this service that gives you the tools to act quickly when the unexpected happens.

  • Extended warranty protection: this doubles the term of your eligible US manufacturer’s warranty to one additional year on eligible warranties of three years or less; for guarantees of less than one year the term is doubled; for warranties of one year or longer, an additional year of coverage is provided.

Credit cards similar to the Alliant Cashback Visa Signature

If you’re interested in applying for a cash back credit card, it’s a good idea to compare a few options.

Wells Fargo Active Cash Card vs. Alliant Cashback Visa Signature Card

If you’re looking for a cash back card with a competitive flat rate and don’t have to worry about rotating categories, consider the Wells Fargo Active Cash Card. This card offers unlimited cash back of 2%, which may be more suitable if you are not interested in joining Alliant or do not qualify for membership. Additionally, unlike the Alliant Cashback card, the Well Fargo Active Cash card offers a welcome bonus and 0% introductory APR for new cardholders.

Citi Double Cash Card vs. Alliant Cashback Visa Signature Card

Another cash back card with an impressive flat rate is the Citi Double Cash Card. It offers 2% back on purchases: 1% when you make the purchase and another 1% when you pay it off. There is no limit on income or categories you can choose. Moreover, there is no annual fee. And new cardholders can enjoy an introductory 18-month 0% APR.

Is the Alliant Cashback Visa Signature Right for You?

The Alliant Cashback Visa Signature Card is an excellent cashback card with one of the highest flat rates available today. However, in order to apply, you will need to become a member of the credit union, which means it won’t be suitable for everyone.

Frequently asked questions

Is a 2% cashback card worth it?

If you prefer to take a hands-off approach to managing your credit card rewards and simply earn a flat rate on your spend, 2% cash back is competitive for the market and worth it.

Please note that card details are correct as of date of publication, but are subject to change at any time at the publisher’s discretion. Contact the card issuer to verify rates, fees and benefits before signing up.

What is the credit limit for the Alliant Cashback Visa Signature Card?

The credit limit on the Alliant Cashback Visa Signature Card varies by applicant and is based on your personal credit and financial profile.

Is a 2% cashback card worth it?

If you prefer to take a hands-off approach to managing your credit card rewards and simply earn a flat rate on your spend, 2% cash back is competitive for the market and worth it.

Please note that card details are correct as of date of publication, but are subject to change at any time at the publisher’s discretion. Contact the card issuer to verify rates, fees and benefits before signing up.

Is an Alliant credit card hard to get?

The Alliant Cashback Card may be difficult to obtain if you have fair or poor credit, or if you are not eligible to join the credit union.

What is the credit limit for the Alliant Cashback Visa Signature Card?

The credit limit on the Alliant Cashback Visa Signature Card varies by applicant and is based on your personal credit and financial profile.

Is a 2% cashback card worth it?

If you prefer to take a hands-off approach to managing your credit card rewards and simply earn a flat rate on your spend, 2% cash back is competitive for the market and worth it.

Please note that card details are correct as of date of publication, but are subject to change at any time at the publisher’s discretion. Contact the card issuer to verify rates, fees and benefits before signing up.

This story originally ran Fortune.com