Alliant Visa Signature Coming This Month

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swipe_masta
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Alliant Visa Signature Coming This Month

Postby swipe_masta » Sat Apr 01, 2017 12:16 am

Alliant is coming out with a new card in April (some current customers already got targeted offers to PC their existing credit cards).
If you haven't heard, check out the article on the blog: blog/alliant-visa-signature-card-review/

3% back on all purchases for the first year then 2.5% thereafter.
59/yr annual fee, no FTF.

Not the best online bank, but still reputable and gives generous CLs.

It would be a great card for people who like to keep their wallet thin.
Thoughts? Anyone interested?


Tubpbs
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Re: Alliant Visa Signature Coming This Month

Postby Tubpbs » Sat Apr 01, 2017 5:34 am

swipe_masta wrote:Alliant is coming out with a new card in April (some current customers already got targeted offers to PC their existing credit cards).
If you haven't heard, check out the article on the blog: blog/alliant-visa-signature-card-review/

3% back on all purchases for the first year then 2.5% thereafter.
59/yr annual fee, no FTF.

Not the best online bank, but still reputable and gives generous CLs.

It would be a great card for people who like to keep their wallet thin.
Thoughts? Anyone interested?


You have to spend $12,000 to break even on the $59 annual fee over the Citi DC or another 2% card with no annual fee (this is after year 1).
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

swipe_masta
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Re: Alliant Visa Signature Coming This Month

Postby swipe_masta » Sat Apr 01, 2017 12:06 pm

Tubpbs wrote:
swipe_masta wrote:Alliant is coming out with a new card in April (some current customers already got targeted offers to PC their existing credit cards).
If you haven't heard, check out the article on the blog: blog/alliant-visa-signature-card-review/

3% back on all purchases for the first year then 2.5% thereafter.
59/yr annual fee, no FTF.

Not the best online bank, but still reputable and gives generous CLs.

It would be a great card for people who like to keep their wallet thin.
Thoughts? Anyone interested?


You have to spend $12,000 to break even on the $59 annual fee over the Citi DC or another 2% card with no annual fee (this is after year 1).


That's $1000/month which is still doable.

Also, is my math wrong or is yours?
2.5% of 12,000 is 300. So technically, isn't it $2,400 (2.5%= 60) to break even?

Tubpbs
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Re: Alliant Visa Signature Coming This Month

Postby Tubpbs » Sat Apr 01, 2017 12:16 pm

Read what I wrote.

You have to work with the difference in earn rate (0.5%).

A 2% card at $1,000 a month will earn $240 annually.
A 2.5% card at $1,000 a month with earn $300 annually. If you take away the $59 AF, you're at $241.

Why would you want to HAVE to spend $12,000 more a year to earn the same rewards.

That means your base spending is $12,000 BEFORE the card starts to have any increased benefit for you. So maybe if you spend $40,000 a year on the card it will be worth it. But if you spend that kind of money on credit cards annually, you'd likely be better off with a different card or a different series of cards.

Does that make more sense?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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CarefulBuilder14
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Re: Alliant Visa Signature Coming This Month

Postby CarefulBuilder14 » Sat Apr 01, 2017 3:16 pm

I'm not sure exactly how I should value Starpoints, but I know it would take a lot of spending on this to make up for the initial disparity between 35k points and $0.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

Taalar
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Re: Alliant Visa Signature Coming This Month

Postby Taalar » Mon Apr 03, 2017 8:07 am

The USAA 2.5% has no annual fee and you just need direct deposit of 1k per month to keep it there. Any month you don't It falls to 2% but as soon as you do its 2.5% again.
Chase Sapphire Reserve Visa Infiniti $59,500
Bank of America Cash Rewards Visa Signature $47,500
American Express Blue Cash preferred. $35,500
Capital one Quick Silver Visa Signature $25,000
USAA Limitless Cashback Visa Signature $25,000
Experian 838 Transunion 833 Equifax 855

Tubpbs
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Re: Alliant Visa Signature Coming This Month

Postby Tubpbs » Mon Apr 03, 2017 8:34 pm

Taalar wrote:The USAA 2.5% has no annual fee and you just need direct deposit of 1k per month to keep it there. Any month you don't It falls to 2% but as soon as you do its 2.5% again.


That's a major stipulation for the earn rate. It's good that it defaults back to 2% without the direct deposit, but the direct deposit requirement is strict - at least to me for credit card rewards.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

swipe_masta
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Re: Alliant Visa Signature Coming This Month

Postby swipe_masta » Tue Apr 04, 2017 10:08 am

Tubpbs wrote:Read what I wrote.

You have to work with the difference in earn rate (0.5%).

A 2% card at $1,000 a month will earn $240 annually.
A 2.5% card at $1,000 a month with earn $300 annually. If you take away the $59 AF, you're at $241.

Why would you want to HAVE to spend $12,000 more a year to earn the same rewards.

That means your base spending is $12,000 BEFORE the card starts to have any increased benefit for you. So maybe if you spend $40,000 a year on the card it will be worth it. But if you spend that kind of money on credit cards annually, you'd likely be better off with a different card or a different series of cards.

Does that make more sense?


Ah, you were subtracting the AF, I was adding up to it. Still, the no FTF should count for something. Also, not sure how better/worse other ways of redemption besides statement credit is with Alliant.

I think it would be a well-rounded card for those who like it simple and not play the game.

Tubpbs
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Re: Alliant Visa Signature Coming This Month

Postby Tubpbs » Tue Apr 04, 2017 6:56 pm

swipe_masta wrote:
Tubpbs wrote:Read what I wrote.

You have to work with the difference in earn rate (0.5%).

A 2% card at $1,000 a month will earn $240 annually.
A 2.5% card at $1,000 a month with earn $300 annually. If you take away the $59 AF, you're at $241.

Why would you want to HAVE to spend $12,000 more a year to earn the same rewards.

That means your base spending is $12,000 BEFORE the card starts to have any increased benefit for you. So maybe if you spend $40,000 a year on the card it will be worth it. But if you spend that kind of money on credit cards annually, you'd likely be better off with a different card or a different series of cards.

Does that make more sense?


Ah, you were subtracting the AF, I was adding up to it. Still, the no FTF should count for something. Also, not sure how better/worse other ways of redemption besides statement credit is with Alliant.

I think it would be a well-rounded card for those who like it simple and not play the game.


No FTF counts for something...add up all the money you would have saved on foreign transaction fees in the last 12 months (also ASSUME you have no other card with no FTF - which many will). How much money did you spend last year abroad with foreign currency?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

charged
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Re: Alliant Visa Signature Coming This Month

Postby charged » Wed May 24, 2017 10:58 pm

Tubpbs wrote:Read what I wrote.

You have to work with the difference in earn rate (0.5%).

A 2% card at $1,000 a month will earn $240 annually.
A 2.5% card at $1,000 a month with earn $300 annually. If you take away the $59 AF, you're at $241.

Why would you want to HAVE to spend $12,000 more a year to earn the same rewards.

That means your base spending is $12,000 BEFORE the card starts to have any increased benefit for you. So maybe if you spend $40,000 a year on the card it will be worth it. But if you spend that kind of money on credit cards annually, you'd likely be better off with a different card or a different series of cards.

Does that make more sense?


Yes, this puts it into perspective very well. If that card had no annual fee it would blow its competition right out of the water but annual fees ruin it as they do with most cards. They don't even have a sign up bonus. There are plenty of better free alternatives here where they pay us for the privilege of using their card rather than us pay them.



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