Alliant Credit Card Cash Back Review

This is a review of the Alliant Credit Card they have a cash back card of 2.5
percent. The good thing about a cash back card is that you know exactly what you’re getting.

You’re getting a percentage back on everything you spend. The bad thing about a cash back card is that it’s not as hackable, meaning you can’t use it on miles for a plane trip or something and get two to three times what you would normally get, which I’ll show in other card reviews. But this is one of my favorite cards because they give you 2.5 percent back. I’ll put a link to the site.

As you can see, they don’t put it right in your face because I think this is something that most cards don’t do. You’ll see some these days with two percent, but this is two and a half percent.

Now, here’s the thing. It’s a two and a half percent card, and there’s no annual fee. That’s really nice. I have some cards that have annual fees even though they give cash back.

The cash back is on every category, none of this stuff where you can only use it for travel or you can only use it for shopping at particular stores, none of that. It’s 2.5 percent back but just on the first ten thousand. It says ten thousand of qualifying eligible purchases. What does that mean? Well, if you scroll down…

It says the first 10,000 of eligible purchases per billing cycle. So it’s not just ten thousand per year. There are some cards that’ll say the first thousand dollars you spend over the course of a year will give you a certain percentage back. No, this is 2.5 back every month you use the card.

Now you might think, ‘Wow, ten thousand dollars, I’m not gonna spend that much a month.’ You’d be surprised how many people use their card and spend ten thousand dollars. You might use it for a business, you might buy advertising online, who knows? So that’s a lot, obviously. 2.5 back on ten thousand is 250 dollars. That’s way more than one percent back, which would give you a hundred dollars, or 1.5 percent, which would give you 150. This is significantly more.

Now, once you go over ten thousand that first month, you’ll get 1.5 percent back over that, but this is a card that you’ll use up to ten thousand, two and a half back.

Now, they have their own qualifications in order to give you this 2.5 percent back. It seems confusing, but it’s not. They call this their tier one rewards, so tier one is 2.5 percent up to ten thousand you spend. Over ten thousand, and the amount over, you’ll get 1.5. That’s what they call their tier two.

So, how do you get your tier one every month? I do use this card, and if I go over ten thousand, I just use another card that gives me two percent. But here’s how you get tier one. Here’s how you get your 2.5 percent:

Three things:

1. You have to have an account with the Alliant Credit Union before you can obtain an Alliant Credit Card, even though it’s basically like a bank.
2. You have to receive e-statements. Pretty sure everyone knows what that is. You go in, you click a button, you say, ‘I don’t want to receive a paper copy in the mail, just give me the e-statement.’ Done. That’s really simple.
3. The next two things go hand in hand. First, you have to have a checking account with them. It costs nothing to set up the checking account. You have to maintain a daily balance of a thousand dollars. All that means is you need to keep a thousand dollars in that account. So, you might be thinking, ‘Alright, I gotta throw a thousand dollars into this card on day one.’ I’m sorry, into a checking account. Just let it sit, let it earn interest, and you’ll be able to get 2.5 percent. The nice thing is they give you… It says you’ll automatically get the 2.5 for a hundred days, so a little over three months. So, you have three months to put the thousand dollars in. Just deposit three to four hundred dollars a month for three months, and you’ll have your grant. Meanwhile, you’ll get your 2.5 percent.

So, sign up for e-statements, open a checking account, and when you open the checking account, within three months, get a thousand dollars in there. And here’s what they do.

At least one electronic deposit posted each calendar month, and that counts as a direct deposit. The easiest thing to do is to log in and just send, doesn’t matter, twenty-five dollars, fifty dollars, a hundred dollars every month from one account at a different bank checking account over to this one. And it’s real simple. I’ll show you how to do that in a moment.

So, you set up your account, you get a thousand dollars in there, you deposit fifty to a hundred dollars every month, and you’re gonna get 2.5 percent back on the first ten thousand dollars. That’s significant. That’s one of the best cash back cards out there with no annual fee. And if you look here on the checking account that you open with them to put the thousand dollars in, there’s no service fees, so they’re not taking ten dollars out every month or whatever it may be.

So now I’ll show you. I’ve already logged into my account. On the left-hand side here, I’ve got different accounts: checking, savings, the cash back card. I’ll go into the checking account.

And it’s real simple. All you have to do is go to ‘Transfer,’ and it’s going to say, ‘Make a transfer.’ These aren’t just internal, these are external as well. So you scroll down, you say, ‘New external account,’ and it’s going to walk you through a very simple process. You just grab your checkbook from another bank account, you’re going to enter the routing number, which is the bottom of the check, the account number, which is the bottom of the check. I’m assuming you’ve done this a million times. And then you tell it, ‘Hey, send fifty dollars on the 15th of every month.’ Now you’ve met the criteria of making a deposit.

That’s it. Real simple. Quick. I’ll have a link in the bottom. It’s the Alliant card, 2.5 percent up to ten thousand dollars cash back. Doesn’t matter what you spend it on. No fees, no checking fees. Just follow their three simple rules, which you can automate by having a direct deposit every month, and you’ll never have to think about it again. One of my favorite cards. I use it every month.

Similar Cards: Fidelity Credit Card 2% Cash Back, or how about a Coinbase Card to Earn Crypto?