The Alliant Cashback Visa has been an under-the-radar star for cashback lovers for some time. For folks who also hold an Alliant high-yield checking account, the card earns 2.5% everywhere on up to $10K in spend per billing cycle, after which it goes down to 1.5%. Even with the added checking account hoop to jump through, earning 2.5% on up to $120K/year is enough of a carrot to make it worthwhile for some folks.
Unfortunately, the fun is coming to an end, as Alliant is telling cardholders that, as of 9/1/25, the card will transition to earning 1.6% on all purchases.
Key Card Details
| Card Offer and Details |
|---|
 ⓘ $0 1st Yr Value EstimateClick to learn about first year value estimates None Non-AffiliateThis is NOT an affiliate offer. We always present the best offer even when it means less revenue for Frequent Miler This card no longer features a first-year bonus.No Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Good cash back card for everyday spend as long as you do not spend more than $20K per billing cycle (at which point a 2% card would be better). Lack of foreign transaction fees is a positive. Earning rate: Tier One Rewards (which now requires $1,000 in an Alliant high-yield checking account and 2 electronic transactions per month) offers 2.5% cash back everywhere on up to $10K per billing cycle, then unlimited 1.5% cash back beyond $10K in purchases in a billing cycle. On 9/1/25, this will change to 1.6% back everywhere. (Note that some purchases, like those from GiftCards.com, are not eligible for cash back) Base: 2.5% Card Info: Visa Signature issued by Alliant. This card has no foreign currency conversion fees. |
Quick Thoughts
I imagine most readers have never heard of the Alliant Cashback Visa card, but it does have a smallish group of fans who love the ease of the 2.5% cashback everywhere. Unfortunately, the lights at that party are about to turn off.
There are plenty of cards that offer 2% back (or 2 transferable points) everywhere, so there’s no reason to hold onto this one once September hits. Adios, Alliant.
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Numerous other credit unions have recently boosted their 1.5% cards to 2% cards if you have a 5000 or higher limit. So, it seems a bit confusing they’re nerfing their 2.5% with hoops to a flat 1.6%.