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- Pros and cons
- Current offer details
- Key Card Holder Privileges
- Understanding Fees
- Alliant Visa Platinum vs other cards
- Is this card worth getting?
Written by Margaret Wack Margaret Wack
/ 5 minutes
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Snapshot
3.0
Evaluation of banking transactions
Rating: 3 out of 5 stars
Alliant Visa® Platinum Credit Card
Reward rate
N/A
Annual subscription
Introduction offer
N/A
Pay over time APR
Normal APR
Alliant Visa® Platinum Credit Card Overview
The Alliant Visa® Platinum Credit Card is a decent choice for cardholders who want to save on interest. Based on your credit, you may qualify for an introductory APR between 0 percent and 5.99 percent for your first 12 months (11.74 percent to 23.74 percent variable APR after that) . This rate applies to both new purchases and balance transfers, making this card a great option to help you save money on interest whether you need to finance purchases or pay off existing debt.
That said, the card falls short of other cards if you're looking for an opportunity to earn cash or rewards, especially considering some of thebest rewards cardsThey also have introductory APRs for balance transfers and new purchases.
What are the pros and cons?
Advantages
Ideal for balance transfers and potentially low running APR
There is no annual fee for holding the card
Generous credit limits
Charges a low balance transfer fee of just 2 percent (or $5, whichever is greater)
Disadvantages
Other cards offer introductory longer April periods while also offering rewards
The foreign transaction fee makes this card less than ideal for international travel
You must qualify for the card's introductory APR offer based on credit
A deeper look at the current card offering
Quick highlights
- Reward rate: N/A
- Welcome offer: N/A
- Annual subscription: $0
- Shop for introductory APR: Between 0 percent and 5.99 percent for 12 months
- Enter Balance Transfer APR: Between 0 percent and 5.99 percent for 12 months
- Normal APR: 11.74 percent to 23.74 percent variable
Current welcome offer
Alliant Visa Platinum currently has an introductory APR as low as 0 percent for 12 months on both purchases and balance transfers (11.74 percent to 23.74 percent variable APR after) as a welcome offer, with the introductory rate up to 5.99 percent based on credit if you qualify. This offer is not as good as the0 percent introductory APR offerson other cards, but it can be useful if you want to pay off high-interest credit card debt or need extra time to pay off new purchases.
Other cardholder benefits
The main benefit of this card is that it gives you the chance to get an introductory APR, and while it also has a handful of other features, few stand out as particularly unique or valuable.
Shipping en route
this is oneVisa credit carda benefit that may come in handy in no time, especially if you don't already have road coverage through another service. As a cardholder, you have 24/7 access to Visa's Roadside Dispatch service, a pay-as-you-go service that helps you connect with auto service technicians for towing, tire changes, jump-starts, lockouts and more.
Car Rental Collision Damage Waiver
The car rental collision damage waiver offered by Visa allows you to skip the collision damage waiver or any similar alternative offered (and sometimes even required) by car rental companies. The benefit only applies if you complete the entire rental car transaction using your Visa card and decline the coverage offered by the rental company.
24/7 customer service
If you have any questions or concerns about your card, Alliant has helpful customer service around the clock. Whether you're experiencing technical issues or just have a question about your card or balance, you can call Alliant anytime for help.
Automatic payments
Alliant lets you set up automatic payments for your card, which can help ensure you pay your bill on time each month and avoid late fees and other penalties. You can set up automatic payments when you apply for the card and you can change your payment method whenever you need to.
Prices and charges
After the introductory APR period, the Alliant Visa Platinum Credit Card charges a variable APR of 11.74 percent to 23.74 percent variable APR. The low-end APR is much lower than the current average APR, making the card a potentially good deal if you need to carry a balance.
The Alliant Visa Platinum does not charge an annual fee, which is common among non-rewards cards. This makes it an affordable option for cardholders on a budget who want to limit fees, surcharges and high interest.
While the Alliant Visa Platinum does not charge an annual fee, there are several other fees associated with the card. The card charges a balance transfer fee of 2 percent of the amount transferred, with a $5 minimum. That's one of the lowest balance transfer fees out there (most cards charge at least a 3 percent balance transfer fee, while many charge 5 percent). Plus, the fee usually pays for itself when it comes to the money you'll save on interest in the first year.
There is also a 2 percent foreign transaction fee on each transaction, which means this card may not be suitable for frequent international travelers. Finally, there are late payment and return fees of up to $27.
How the Alliant Visa Platinum Credit Card Compares to Other Balance Transfer Cards
While the Alliant Visa Platinum is an attractive option for borrowers looking to transfer a balance from another card, there are many other balance transfers andcredit card rewardsworth considering.
Alliant Visa® Platinum Credit Card
Banking rating
Annual subscription
$0
Introduction offer
N/A
Reward rate
N/A
Recommended credit score
Good to Excellent (670–850)
A FICO score/credit score is used to represent a person's creditworthiness and can be an indicator of the type of credit you qualify for. However, a credit score alone does not guarantee or imply approval for any financial product.
Alliant Visa® Platinum Rewards Credit Card
Banking rating
Annual subscription
$0
Introduction offer
5,000 Points
Earn 5,000 bonus Alliant Rewards points after spending $500 or more on qualifying purchases in the first 90 days of account opening.
Reward rate
2X
Earn two reward points for every dollar you spend
Recommended credit score
Good to Excellent (670–850)
A FICO score/credit score is used to represent a person's creditworthiness and can be an indicator of the type of credit you qualify for. However, a credit score alone does not guarantee or imply approval for any financial product.
Bank of America Visa® Platinum Card
Banking rating
See Prices & Fees, Terms apply
Annual subscription
$0
Introduction offer
N/A
Reward rate
N/A
Recommended credit score
Good to Excellent (670–850)
A FICO score/credit score is used to represent a person's creditworthiness and can be an indicator of the type of credit you qualify for. However, a credit score alone does not guarantee or imply approval for any financial product.
Alliant Visa Platinum Credit Card vs. Alliant Visa® Platinum Rewards Credit Card
The Alliant Visa Platinum Rewards Credit Card is a good choice if you're interested in a card from Alliant but want to earn rewards on purchases. The card earns 2X points per $1 you spend, redeeming for cash rewards, gift cards, electronics, event tickets and travel rewards. Its introductory APR also has the same term length as the Visa Platinum. The post-balance transfer APR is slightly higher (13.24% to 23.24% variable APR) than the Alliant Visa Platinum, so it may not be the best choice for borrowers who plan to carry a balance on the card after the first 12 months .
Alliant Visa Platinum Credit Card vs. U.S. Bank Visa® Platinum Card
TheBank of America Visa® Platinum Cardis another solid choice for borrowers looking for a balance transfer credit card. The main advantage of this card is the longest billing cycle of 18, the introductory period of 0 percent on purchases and balance transfers (19.49 percent to 29.49 percent variable APR after), giving borrowers plenty of time to pay high interest credit card debt or large purchases. However, the APR after the introductory period is slightly higher, making it less ideal for borrowers who plan to carry a balance on the card after the initial low-rate APR period ends.
The best cards to combine with the Alliant Visa Platinum credit card
Since the Alliant Visa Platinum doesn't come with rewards or cash back, it's natural to pair it with a rewards or cash back credit card. This is an especially good idea if you plan to use your Alliant card primarily to pay off balance transfers while putting everyday expenses on another card.
If you have a lot of spending in a certain category, like dining or travel, a rewards credit card with bonuses in those categories could help you earn more while you spend. Alternatively, if you're just looking for a simple, straightforward rewards credit card, acash back credit cardwithno annual feesmay fit.
Bankrate's Take—Is the Alliant Visa Platinum Credit Card Worth It?
The Alliant Visa Platinum is great for borrowers interested in paying off high-interest credit card debt because it offers an introductory APR, a low balance transfer fee and a low ongoing APR. The card also has a $0 annual fee, making it a good choice for borrowers on a budget.
Aside from the low introductory APR, however, the card is light on other perks and doesn't come withreward program, making it unsuitable for borrowers looking for a strong rewards credit card.
Information about the Alliant Visa® Platinum Credit Card has been independently collected by Bankrate.com. Card details have not been verified or approved by the card issuer.
Compare the best balance transfer credit cards
Written by
Margaret Wack
Personal Finance Expert Contributor
Read more from Margaret
Margaret has written for Money Under 30, MoneyGeek, The Simple Dollar, CreditCards.com, Interest.com and Fiscal Tiger, among others. He writes about topics such as savings, credit, insurance, investing and other financial topics.
* See online application for details of terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However, all credit card information is presented without warranty. After clicking on the offer you want, you will be directed to the credit card issuer's website where you can read the terms and conditions for the offer you have selected.
Editorial disclosure:The views expressed here are solely the author's and have not been reviewed or endorsed by any advertiser. Information, including card fees and charges, is accurate as of date of publication. All products or services are presented without warranty. Check the bank's website for the latest information.
FAQs
Is an Alliant credit card hard to get? ›
Applying to the Alliant Cashback Visa Signature with a good to excellent credit score (a 670 or higher FICO score or a 661 or higher VantageScore) will give you the best approval odds.
What credit score do you need for Alliant? ›| Minimum credit score | 620. |
|---|---|
| Fees | Late fee: Varies. |
| Loan amount | $1,000 to $50,000. |
| Repayment terms | 1, 2, 4 and 5 years. |
| Time to fund after approval | Funds can be sent the same day you're approved. |
The Alliant Credit Union Visa Signature card mainly uses the TransUnion credit bureau for approval. But this doesn't mean it can't pull your report from the other major credit bureaus Experian and Equifax.
What kind of card is Alliant? ›Members can choose between Alliant Visa® Platinum, Alliant Visa® Platinum Rewards and Alliant Cashback Visa Signature credit cards. Check out our great options.
Is Alliant better than Chase? ›Alliant Credit Union's High Rate Savings Account, which offers 0.55% APY, beats the standard savings rates many big banks offer by far, such as Chase, which offers 0.01% APY. Alliant also offers a High Rate Checking account that offers 0.25%, while Chase's interest-bearing checking accounts offer just 0.01% APY.
Is Alliant reputable? ›Is my money safe at Alliant Credit Union? Yes. Alliant deposit accounts are insured by the National Credit Union Administration (NCUA) for up to $250,000, per depositor, for each account ownership category, in the event of a credit union failure.
Does Alliant require proof of income? ›Gather your documents: You'll need to provide documentation such as proof of income, proof of homeownership, and a credit report.
What is the debt to income ratio for Alliant Credit Union? ›Alliant Credit Union requires a minimum credit score of 620 and a debt-to-income ratio of 50% or less.
What is the minimum credit limit for Alliant visa signature? ›The starting credit limit for the Alliant Cashback Visa Signature card is $10,000. That's the amount everyone who's approved for the card is guaranteed to get. In time, you could qualify for a credit limit increase by always paying your bills in full by their due date and by improving your credit score and income.
Does Alliant do a soft pull? ›Does Alliant do a hard credit check for checking account applicants? No. When reviewing applications, Alliant conducts a “soft credit check,” which won't affect your credit or credit score.
Who owns Alliant Credit Union? ›
Alliant Credit Union is a not-for-profit financial cooperative, which means that all of our members are also owners. Our members-first philosophy has always served us well.
Does Alliant work with bad credit? ›Credit Score Requirements
You'll generally need a credit score of at least 640 to qualify for a personal loan with Alliant, making it a great option for prospective borrowers with limited credit.
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.
What is the difference between Visa platinum and signature? ›The main difference between Visa Signature and Visa Platinum is the rewards programs and minimum credit limits. However, if you're looking for a card with cash back 33, Visa Platinum is your best bet. If you prefer more travel benefits, then you'll love Visa Signature 43.
Does Alliant need SSN? ›In addition to completing an Alliant membership application, you'll need to provide the identification information and documents listed below: Category 1: Provide one of the following: A Social Security Number (SSN) An unexpired ITIN and a completed W-8BEN form.
Who is the number 1 bank in America? ›- Best overall: Alliant Credit Union (ACU)
- Best for rewards credit cards: Pentagon Federal Credit Union (PenFed)
- Best for military members: Navy Federal Credit Union (NFCU)
- Best for APY: Consumers Credit Union (CCU)
- Best for low interest credit cards: First Tech Federal Credit Union (FTFCU)
Asset-heavy, diversified and regulated banks like JPMorgan Chase, Wells Fargo, PNC Bank and U.S. Bank are among the safest banks in the U.S. and should be considered if you are weighing your options.
Can anyone become a member of Alliant Credit Union? ›Anyone who is working or has worked for an Alliant Credit Union partner qualifies to apply. Their domestic partners and immediate family members are also eligible. People who wish to buy a home and are looking for mortgage solutions or a home equity line of credit may apply for membership.
How long does Alliant application take? ›For individuals looking for an unsecured loan they can access immediately, Alliant Credit Union's personal loans may help. The approval process for loan applications typically ends within the same day. Similarly, you may also get the funds on the same day. The lender offers loans ranging from $1,000 to $50,000.
What is the MD limit for Alliant Credit Union? ›
Alliant's Mobile deposit daily limit is $100,000. Alliant's ATM deposit daily limit is $20,000.
What is the maximum withdrawal limit for Alliant Credit Union? ›Alliant members may withdraw a total of up to $1,000 cash each day from either their checking or savings account(s). Make deposits (not available at all ATMs) • Withdraw funds • Check your account balances These cards access only savings accounts.
Who owns Alliant Bank? ›Alliant Credit Union is a not-for-profit financial cooperative, which means that all of our members are also owners. Our members-first philosophy has always served us well.
Is Alliant Credit Union affiliated with United Airlines? ›On October 26, 1935, a group of United Airlines employees organized a credit union, founded as United Airlines Employees' Credit Union (UAECU). In 2003, the name was changed to Alliant Credit Union.
Is Alliant FDIC insured? ›Your accounts are federally insured!
Alliant has stood financially strong since 1935. And you can rest even easier, because your money is federally protected by the National Credit Union Administration (NCUA). No member of a federally insured credit union has ever lost one penny of insured savings.
The main difference between Visa Signature and Visa Platinum is the rewards programs and minimum credit limits. However, if you're looking for a card with cash back 33, Visa Platinum is your best bet. If you prefer more travel benefits, then you'll love Visa Signature 43.
Can I get a credit card with a 672 credit score? ›A credit score of about 700+ will likely qualify you for just about any credit card, including those with cash back rewards, lower annual percentage rates (APRs) and more. However, there are plenty of cards you can get with a score lower than this (more on that later).
What is the perfect credit limit? ›A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt.
Is Alliant hard to get into? ›acceptance rate is 100%. Popular majors include Teaching English as a Second Language, Education, and Special Education and Teaching. Graduating 9% of students, Alliant Intl. alumni go on to earn a starting salary of $59,600.
Does Alliant have monthly fees? ›Are there any fees with an Alliant checking account? An Alliant checking account has no monthly maintenance fees, no overdraft fees,19 no monthly minimum balance requirement104 and no maximum balance limit.