Posted by William Charles on April 24, 2017
Credit Cards

Published on April 24th, 2017 | by William Charles

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Alliant Credit Cards: A List, Best Cards & Things Everybody Should Know

Alliant credit union has recently made improvements to two of their credit cards. Because their cards are far more interesting and enticing, I thought it was time to put together a post that explains everything you need to know about their cards.

Eligibility

Unlike other card issuers you need to be a member of Alliant before you’re eligible to apply for their cards. There is no hard pull to join and you can read about the joining process here. In addition to the credit cards they offer, there are several other benefits of joining:

Full List Of Alliant Credit Cards

Alliant currently offers three credit cards:

Best Cards

The Visa Platinum is obviously not worth considering due to the no rewards program and the fact that the Platinum Rewards card is basically the same except it has a sign up bonus and earns 2x points. That card and the Cashback Visa Signature card are both worth considering.

Most people will be best off applying for the Cashback visa signature card as it earns 3% cash back in the first year with no annual fee. Second year onwards it might make sense to downgrade to the Visa Platinum Rewards card if you spend less than $11,800 on the card (that’s the break even point for the extra 0.5% cash back you receive versus the $59 annual fee).

The exception to this is that the Platinum Rewards card has offered targeted sign up bonuses in the past, for example:

In this case it would make more sense to sign up for that targeted offer and then upgrade to the 3% card (upgrading gets the annual fee waived and the 3% rate).

Rules/Things To Know

  1. Alliant does allow product changes. As mentioned above if you product change to Visa Signature Cashback card you’ll earn the 3% cash back with no annual fee in the first year. Keep in mind if you product change from the points earning card to the cashback card, you’ll lose any unredeemed points according to this datapoint.
  2. According to creditboards all recent applicants had their TransUnion credit report pulled. We also have additional datapoints confirming this: 1, 2, 3
  3. Seem to be somewhat inquiry sensitive. Denial data points (remember this is based on your TransUnion report):
  4. Cash advance limit cannot be reduced.
  5. Hard pull for credit limit increases initiated by the customer (e.g calling in). This has been confirmed with our contact at Alliant.
  6. There is a reconsideration number, this can be found here.
  7. They do not prorate annual fees.
  8. Only replacement cards can be expedited.
  9. You’re limited to one Alliant credit card.
  10. They do not provide instant credit card numbers.
  11. They reuse any hard pulls done for credit card applications for 30/45 days.

Things We Don’t Know

I’m hoping readers can help out in this section. Basically this is a list of things we don’t know but would like an answer to:

  • Is there a reconsideration number for Alliant?
  • What are the annual fee rules?
  • Do they allow credit card reallocation? If so, hard or soft pull?
  • If you apply for multiple cards, will the inquiries be combined?

Final Thoughts

Hopefully this proves to be a useful reference point for Alliant credit cards and they continue to bring new cards to market. We’ve done a similar post for other card issuers that you can view below:

If you think we’ve missed a card issuer, please let us know!



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steve
steve

I think all applications are human-reviewed. I got an email from an employee telling me I was approved.

Was approved with many inquiries and new accounts in past 24 months. (Had gotten a targeted bonus email, not sure if that helped)

Don’t know about recon.

_here_
_here_

I was denied for too many inquiries. I called to try to recon they said too many inquiries in 24 months.

Today, a csr called and thanked me for joining and asked if I had any issues. I mentioned the denial. He said signature was very picky but I could apply for platinum and PC in six months. I said I didn’t want another pull and he said the first pull is good for 45 days so I tried and got denied again.

Bottom line, it sounds like they’ll combine pulls for 45 days.

Imsofly347
Imsofly347

Can confirm that inquiries are combined. IIRC it lasts 30 days.

gary
gary

got this in email today

Alliant Credit Union
This spring, money does grow on trees.
Alliant is doubling your credit card reward earnings!
Gary, enjoy 20,000 bonus points with the Alliant Visa® Platinum Rewards Credit Card! Choose from $200 cash back or other great rewards. Plus,

You now earn 2 points per dollar on every purchase you make every day – with no annual fee . That means you’re getting rewarded for your daily coffee and your carefully considered kitchen renovation (score!). You can also earn special offers from retailers like Crate & Barrel, Booking.com, AVIS and more! Explore our Rewards Catalog.

Hurry – this special 20,000 bonus point offer (with $4,000 qualified spend) only lasts through May 31!

Ryan
Ryan

Applied today and got rejected on the same day (got a declined email within an hour). Called the customer service and asked for recon. CSR transferred me to an underwriting department. The staff manually reviewed my application (TU credit report) and told me I had too many cards opened for the past year (9 cards). He asked me to apply again after 6 months.

TomT
TomT

I called today to ask about the Unlimited Cashback Card (3% 1st year, 2.5% 2nd+), and I was told that I did NOT have to become a member of their credit union to apply. However, he went on to say that very few qualified for this card w/o becoming a member. Those that did not qualify were denied from having too many inquiries on their credit report.

Harv
Harv

Although there are no bonuses or points to earn, I am pleased to have the Alliant Visa Platinum card. I am using it to pay down a long term debt. I got a no fee balance transfer at 0% for a year. They gave me a very generous credit line, so I was able to keep my initial usage below the reccomended 30%. This will be payed off before the year is over. I really appreciate the use of their money for free !

ZipZapKaZoom
ZipZapKaZoom

How many HPs on your CR?

Bob
Bob

Can anyone provide DP of when will they report your new card to credit report once you are approved?

J T
J T

9. Limited to one Alliant credit card

This may not be the case. I called earlier this month to upgrade my sockdrawered Platinum w/ Rewards card to the Cashback Signature. Usual disclosures, inquired about income & employment, credit pull, loss of any existing points in product conversion, etc. Approved for Cashback Sig Visa with increased CL of $15000, expect new card in the mail.

I received the new card and T&C separately, but also mailed separately from those was a letter congratulating me on my new $15000 CL on my Platinum w/ Rewards card. Both cards appear in my Alliant login, identical credit lines but different APRs. I’m waiting for the new card to report to see if both are listed as open.

Lizzle
Lizzle

Applied to credit union and took about a day to be approved via email. Received welcome message from CSR asking if I was interested in any of their bank products. Applied via CSR for 3% card. Verification of stated income (100k+) by paystubs and questions about latest opened credit cards (Transunion shows 3+ in past 4 months but 0 inquiries). They are definiitely inquiry and new card sensitive. My application had to go up to another level for approval because of the recently opened cards.

Germ
Germ

Just some additional info now that I’ve been through a few products from alliant.

Received a pre-approval email for the Visa Sig 3% back card. Applied but was denied for too many new accounts and not meeting the income threshold. I called recon and was told that I had “WAY too many new accounts”. Once I mentioned the pre-approval email, they said they honor all pre-approvals so the application was pushed through and approved.

The pulled TU for my CC application but EQ for a loan application.

I’m not sure how common this is for single institutions to treat installment vs revolving credit applications differently. Figured someone may find this useful.

JT
JT

What is the income threshold?

Germ
Germ

He deflected the question mostly but insinuated it was about 100k.

Amanda
Amanda

Is there any data point for using Alliant CC for plastiq mortgage?

Zachek
Zachek

Was denied for too many new accounts and too many inquiries. I was technically 11/24 — 10/12 — 8/6 for new accounts with only 2 TU HP… I have been a member since the beginning of the year and have bank accounts and an SSL at 8%. They pulled TU and it went through despite the TU “credit lock” I had in place (thought I might be able to have them pull EQ.)

Zachek
Zachek

Forgot to mention I was applying for the 3% CB Visa sig.

Curmudgeon
Curmudgeon

I applied for and was denied for the 3% card yesterday. I got an email from a guy in the credit department informing me of the result. I wrote back, adding some info and asked if there was anything else I could provide to get an approval.

Was told that because I had so many new accounts in the past 24 months, that they want to see “at least a year since the last trade line was opened”, so I guess I can try again in 10 months if I don’t go for anything else.

Sam
Sam

Posted this in the Signature Visa 3% post, as well.

Heads up to folks expecting to see their second year annual fee post soon! Alliant seems to NOT refund or prorate the annual fee when closing or downgrading. Additionally, they said there were no options to waive or offset the fee. Best to cash out your rewards and close the card (or threaten) BEFORE the fee hits!

Dan
Dan

I encountered this issue as well, ended up keeping the card and made a calendar reminder to close it before the 1 year mark next year.

Sam
Sam

If you intend to close, in month 11, stop using your card, cash out your points, and close the account before the statement closes.

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