Alliant Cashback Visa Signature Card Disclosure

On the record for Alliant Cashback Visa Signature Card Disclosure: a purchase APR of 16.24%–26.24% and no annual fee, filed by Alliant Credit Union. The purchase rate sits at roughly the 63rd percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

Alliant Cashback Visa Signature Card Disclosure is one of the agreements Alliant Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs two pages.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a balance transfer rate, a penalty rate and a grace period.

Where the purchase APR sits

Purchases price between 16.24% and 26.24% under this filing. The 10-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 40th percentile of filed purchase rates; the ceiling sits at about the 63rd. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The arithmetic of revolving

The purchase rate turns a $4,000 revolving balance into roughly $1,200 of annual interest.

On a median-priced agreement from this index (21.99%) the same $4,000 would run about $983 a year, so this card costs in the region of $216 more annually for the identical balance.

Per statement cycle that is on the order of $87.17 on $4,000, which is the number that actually shows up on a bill.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Default pricing

Late payments are capped at $27 under this filing, about the 45th percentile of late fee maximums in the corpus.

The fee structure

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance APR of 24.24%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Transfers are charged $10 or 3% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. Transferring $7,500 would cost roughly $225 at the door.

Foreign transactions attract 3%. On $2,000 of overseas spending that is $60, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The grace period

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

How it sits in the issuer's own range

Alliant Credit Union has 10 agreements indexed on this site. Across that lineup purchase rates span 26.24% to 27.49%; this filing's 26.24% sits above 0 of the comparable ones.

On fees, 1 of the 3 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What you cannot learn from the filing

This page cannot tell you a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

The filed PDF is linked from this page and runs two pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 26.24% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.