topic Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF) in Credit Cards

Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Involver — Tue, 14 Mar 2017 15:39:37 GMT

Current cardholders may be invited to upgrade their accounts to this card:

http://www.alliantcreditunion.org/bank/visa-signature-card#features

Decisions don't get much easier.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Wed, 15 Mar 2017 18:43:14 GMT

@Involver wrote:
Current cardholders may be invited to upgrade their accounts to this card:

http://www.alliantcreditunion.org/bank/visa-signature-card#features

Decisions don't get much easier.

Thanks Involver for sharing this with us. The only downside would be that certain of us current Platinum cardholders have a super low interest rate that we may not be willing to give up in exchange for the higher interest rate on the cash back card. I would not want my interest rate to increase.

Unfortunately, when they offer rewards, the interest rate goes up (sometimes quite a bit).

There also seems to be a 3% charge for balance transfers (3% fee per balance transfer) on this card, when balance transfers on my current card are unlimited and free.

Just as information, this is a profile-dependent product for current cardholders, at least according to Alliant's own web page.

I think I would most likely decline the invitation because I value my much lower interest rate and also my unlimited free balance transfers. There may be others who would be interested.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 16:29:23 GMT

Define: Super Low?

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

joltdude — Tue, 14 Mar 2017 16:33:36 GMT

@Anonymous wrote:
Define: Super Low?

Lower than 8.49% APR?

Still think my CU card has one of the nicest rates going for no frills...

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 22:42:00 GMT

@joltdude wrote:

Lower than 8.49% APR?

Still think my CU card has one of the nicest rates going for no frills...

@humuhumunukunukuapua'a wrote:

joltdude, definitely agree with you that the frills are not always everything they are purported to be.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 16:37:21 GMT

My ring still sits at 8.50

Lol.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 17:26:43 GMT

Anyone know if they are new INQ and Account sensitive?

I seem to remember reading that awhile ago

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Wed, 15 Mar 2017 07:49:09 GMT

@Anonymous wrote:
Anyone know if they are new INQ and Account sensitive?

I seem to remember reading that awhile ago

Yes, they are inquiry and new account sensitive, and an account manager at Aliant told me this specifically. He also stated that 3 or more new accounts and inquiries in a year is considered to be a lot by Alliant.

This does not mean you won't get a card if you have a number of new accounts and inquiries, but the risk of being turned down is fairly high, and the alternative is getting a low CL if you do get the card.

Alliant is pretty conservative. I like them a lot but there is no denying that they are conservative.

They also use an unusual Pinnacle scoring system which for many of us shows a score that is 30-50 points lower than our regular FICO score.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 17:44:49 GMT

Is the same true to just start a share savings and letting it sit ?

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 17:45:58 GMT

@Anonymous wrote:
Is the same true to just start a share savings and letting it sit ?

I'd go ahead and open the share savngs to get the relationship started with Alliant, definitely. They are a good credit union, just conservative.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

happypill — Tue, 14 Mar 2017 18:56:46 GMT

Hmm, I think I'd be interested. It would take about $12k non-category spend per year for this card to beat a 2% cash back card. I could get past that threshold by paying for my property tax with it. I think they charge a 2.3% fee to use a CC to pay for property tax where I live, so it wouldn't make sense to use a 2% card, but with a 2.5% card it makes perfect sense, then the rest of year year would be all gravy at 2.5%.

I hope I get an invite.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

pizza1 — Tue, 14 Mar 2017 19:01:23 GMT

@Anonymous wrote:
Define: Super Low?

LOL!!!

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 19:18:26 GMT

That doesn't sound too low.

Low is more like 7 or under.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

pizza1 — Tue, 14 Mar 2017 19:32:56 GMT

Any cardholders are eligible to upgrade to this card.

requirements are :

Low overal util
min score 680
min CL on current card, or able to get a cli up to is $10k

if you have these requirements already, and this card suits your needs, then you can call into lending and ask to be upgraded. Is it not a new acct. The acct number will change, but will still keep the same open date, since its an upgrade. Good luck to anyone wanting to try!

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 19:40:19 GMT

You got one, laur?

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

pizza1 — Tue, 14 Mar 2017 20:00:57 GMT

@Anonymous wrote:
You got one, laur?

not yet..lol

Ive only had my Plat for 4 months, $500 cl, and on recon.....But end of year...yea, Ill have the upgrade. LOL

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

yfan — Tue, 14 Mar 2017 20:35:40 GMT

This seems to be the new way of earning loyalty: 2.5% in a walled garden (whether walled by membership like in USAA, AF, or both). It's an interesting tactic that may well prove more effective in longer term swipe fee generation than the current standard of offering a lump sum bonus.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

happypill — Tue, 14 Mar 2017 20:57:31 GMT

@pizza1 wrote:
Any cardholders are eligible to upgrade to this card.

requirements are :

Low overal util
min score 680
min CL on current card, or able to get a cli up to is $10k

if you have these requirements already, and this card suits your needs, then you can call into lending and ask to be upgraded. Is it not a new acct. The acct number will change, but will still keep the same open date, since its an upgrade. Good luck to anyone wanting to try!

Great info, thanks!

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 22:18:41 GMT

So if I upgrade now to get the 3%, can I then after a year downgrade back to the 1% card to avoid the annual fee?

Chris.

Re: Alliant Cashback Visa Signature (3% Year One with no AF, 2.5% thereafter with $59 AF)

Anonymous — Tue, 14 Mar 2017 21:09:03 GMT

A very good alternative to those of us that do not qualify for USAA and their Limitless card.