[Update] Alliant Making Changes To 2.5% Back Card (Cashback Visa Signature)

Update 7/10/25: Card will be 1.6% on all purchases starting September 1st

(Update 8/29/22: Starting October 1, you’ll now qualify on a monthly basis instead of quarterly, per email sent out a few days ago. Hat tip to reader David)

Alliant is making some changes to the Cashback Visa Signature card who opened their account on or before July 13, 2021. These changes will go into effect for the July billing cycle.

• Removal of $99 annual fee
• Introduction of tiered earning system.
  • Tier One earns 2.5% cash back on up to $10,000 in spend per month, and 1.5% cash back after that
  • Tier Two earns 1.5% cash back on everything
• To qualify for Tier One rewards, you’ll need to open an Alliant High-Rate checking account and:
  • Have an average daily balance of $1,000
  • Have at least one deposit each month
  • Opt-in to e-statements
• Rewards tier eligibility is determined on a quarterly basis

Hat tip to reader Michal S