Advertiser Disclosure

Unlimited 2.5% Cash-Back Credit Card Debuts

Cash Back Credit Cards, Credit Cards, Promos
With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we spend literally 1,000s of hours researching partner offers and following strict editorial integrity to match you with the perfect choice. We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.
Unlimited cash back card

It’s not every day a new credit card makes your 2% rewards card look stingy. But Alliant Credit Union — named one of NerdWallet’s best credit unions — has introduced just such a card.

The new Alliant Cashback Visa® Signature Credit Card leapfrogs the 2% competition with these rewards rates:

  • 3% unlimited cash back on all purchases in the first year
  • 2.5% unlimited cash back on all purchases in following years

This card has a $59 annual fee; for many consumers, that fee will make it more expensive than no-fee cards with 1.5% or 2% cash-back rates. But for bigger spenders, the card still slides ahead. Here’s when it becomes a better deal:

  • Compared with a 2% cash-back card with no annual fee: After the first year, you’d earn more rewards with the Alliant Cashback Visa® Signature Credit Card if you spend more than $11,800 annually
  • Compared with a 1.5% cash-back card with no annual fee: After the first year, you’d earn more rewards with the Alliant Cashback Visa® Signature Credit Card if you spend more than $5,900 annually

However, it’s still edged out by USAA’s unlimited 2.5% cash-back card with no annual fee, released last year.

As with most credit unions, you have to be a member to qualify for the card. Check your eligibility on Alliant’s website. If you’re not affiliated with a qualifying organization, you can become a member by contributing to Foster Care to Success, according to Alliant’s website.

» MORE: How to choose the best credit card for you

Claire Tsosie is a staff writer at NerdWallet, a personal finance website. Email: claire@nerdwallet.com. Twitter: @ideclaire7.