Alliant sent out an email today announcing that the 2.5% cash back is going away “to serv[e] the needs of our members”:
Effective November 1, 2025, the 2.5% Cashback Rewards tier will be discontinued, and the following updates will apply to your Alliant Cashback Visa® Signature Card terms and conditions:
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Flat-Rate Cash Back: Earn unlimited 1.50% cash back on all eligible purchases.
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Simplified Rewards: Tiered rewards structures are being removed.
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No Requirements: Criteria to earn rewards have been eliminated.
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No Caps: The monthly cap on bonus rewards has been removed.
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Lower Redemption Minimum: Cash back can now be redeemed starting at just $25.
I’ll be switching back to my Wells Fargo card, since I canceled the Citi Double Cash a while back. Or I may get the Fidelity card. Either way, Alliant is headed for the sock drawer.