There is value in the card just during the introductory APR period. A balance transfer card with incentives would be more beneficial in such a case. If you're looking for a simple balance transfer credit card, the Alliant Visa® Platinum Credit Card might be a good option. There is no yearly fee and 0% interest for a specific time, so it may help reduce debt interest-free. However, after the introductory period of 0% APR expires, the card's lack of benefits will make it a poor long-term financial choice. A different 0% introductory APR card or debt transfer card might be preferable, especially if it also offers incentives.

Overview Of The Alliant Platinum Visa Rewards Card

You can have the low-interest rates of a credit union and the benefits of a rewards credit card with the Alliant Visa® Platinum Rewards Credit Card. Numerous advantages come with this card, from daily savings to a reduced interest rate on large purchases, thanks to introductory periods of 0% APR and points that can be redeemed for a penny apiece. Easy membership with Alliant Credit Union is required to apply for the card. You may join Alliant by signing up for Foster Care to Success even if you aren't a business partner or an immediate family member of someone who already has an Alliant account. You can count on Alliant to donate your $5 membership fee.

What Are The Benefits And Drawbacks?

Pros

• Reduced rates for both new purchases and balance transfers.
• Alternate options for buyers with varying credit scores.
• Unlimited potential revenue with no effort.

Cons

• The promotional time is shorter than similar cards.

The Absence Of Bonus Account Types

Compared to competing cards, this one offers fewer perks.

Current Welcome Offer

There are now two sign-up bonuses available for new cards. For starters, in the first three months after creating an account, cardholders may earn 5,000 extra Alliant Rewards points by spending $500 or more on eligible transactions. The $50 sign-up bonus may be used for airfare, cash back, or merchandise. This is modest compared to other choices but scales nicely with the amount you need to spend to obtain the bonus. New purchases and debt transfers made during the first three months are eligible for the promotional APR period with no interest or reduced interest charged. If approved for a new credit card, you may qualify for a 0% introductory APR for the first 5.99 months. After that, your usual variable interest rate will be between 13.24% and 23.24%, depending on your creditworthiness.

Rewards Rate

As the name indicates, the Alliant Platinum Visa Rewards cardholders with points for making purchases. The points may be redeemed for things like airfare, cash back, gift cards, and even gadgets via the Alliant Rewards Catalog.

How You Earn

With an Alliant Visa Platinum Points Card, there is no limit on the amount of rewards you may earn. There is no annual earnings limit, making this a realistic rate that may be used throughout the year. It's hardly surprising that many of the categories that might get tax advantages are things that people use on a daily basis. No purchases made using a cash advance, credit check, or PIN as well as "fees paid for prepaid as well as reloadable cards such as certain gift cards, or payments made for means of payment that may fast be converted to cash" will be credited toward your point total. These are money orders and other similar forms of traveler's checks.

How To Redeem

The Alliant Rewards catalog has five special incentives: cash, gift cards, gadgets, tickets, and vacations. When looking for a new credit card, choosing one that gives you plenty of redemption options is essential. There is no straightforward method to turn points into cash, but there are three ways to redeem them for cash. You may use them to open a savings or checking account or apply them to your credit card as a statement credit at Alliant Credit Union. Gift cards to major businesses like Walmart, Target, and Amazon may also be purchased with them. However, a small cost is associated with redeeming gift cards instead of cash.

Conclusion

The Alliant Visa® Platinum* is an OK all-around card, but we like the credit union's other products more. To sweeten the deal, the standard variable APR on this card is just 13.24% - 25.24% when the promotional period of 0% - 5.99% on purchases and debt transfers expires. Each balance transfer incurs a charge of either $5 or 2% of the transferred amount, whichever is larger. Although this card is exclusively accessible to Alliant Credit Union members, anybody is welcome to apply for membership and get the card.