What is Happening with the Alliant Cashback Card?
The Alliant Cashback Card, which was known for offering a generous 2.5% cashback rate on all purchases, is now slashing its rewards rate to 1.5%.
Why is the Rewards Rate Being Reduced?
The decision to reduce the rewards rate on the Alliant Cashback Card is likely due to a variety of factors, including changes in the credit card market, increased competition, and economic conditions.
How Will This Change Impact Cardholders?
The reduction in the cashback rewards rate from 2.5% to 1.5% will have a significant impact on cardholders who have come to rely on the higher rewards rate for their everyday purchases. Some potential consequences include:
– Cardholders may earn less cashback on their purchases, leading to a decrease in overall rewards.
– Cardholders may choose to use alternative credit cards with higher rewards rates for their spending.
– Cardholders may be less inclined to use the Alliant Cashback Card for purchases, reducing overall card usage.
What Can Cardholders Do in Response to This Change?
If you are a cardholder of the Alliant Cashback Card and are unhappy with the reduced rewards rate, there are a few options you can consider:
– Contact Alliant Credit Union to express your concerns and provide feedback on the change.
– Explore other credit card options that offer competitive rewards rates on purchases.
– Consider adjusting your spending habits to maximize rewards on your Alliant Cashback Card, even with the reduced rate.
Conclusion
The reduction in the rewards rate on the Alliant Cashback Card is a significant change that will impact cardholders who have come to rely on the card for its generous cashback rewards. It is important for cardholders to consider their options and make informed decisions about their credit card usage moving forward.
