Cashback Or Rewards: There’s An Alliance Bank Credit Card For Everyone
Eloise Lau
30th October 2023 - 7 min read
Credit cards have certainly evolved much over the decades, especially as banks design them to offer better value and unique benefits tailored to the lifestyle and preferences of today’s modern consumer.
In recent years, Alliance Bank has made a name for itself by offering a diverse range of credit cards to cater to the various needs of consumers. The bank was even awarded ‘The Best Credit Card in Malaysia’ at the recent Asian Banker Finance Malaysia Awards 2023 for its Alliance Bank Virtual Credit Card, first introduced to consumers in April earlier this year.
Aside from the innovative Virtual Credit Card, Alliance Bank also has several other cards that are designed with different types of consumers in mind. So if you’re looking for a credit card that fits your lifestyle and maximising returns from your spending, look no further. In this article, we will explore some of the most popular Alliance Bank credit cards, highlighting how their key features and benefits help you get more for your money.
Rewards-Based Cards
1. Alliance Bank Visa Virtual Credit Card
At the top of the list, we have the award-winning Alliance Bank Visa Virtual Credit Card (VCC), a newcomer to the credit card arena that has quickly gained popularity thanks to its robust security measures. The card’s standout feature is the Dynamic Card Number (DCN), which is a randomly generated set of 16-digit card numbers that cardholders can use to perform one-time or recurring payments – perfect for online transactions so you don’t compromise your actual card number. Housed within the allianceonline mobile app, cardholders are also able to access other security features – such as being able to freeze or unfreeze the card within the app itself.
On top of that, cardholders will be able to earn 8x Timeless Bonus Points (TBP) for every RM1 spent on e-wallet transactions (capped at RM3,000 per statement cycle) and online transactions, which combined with the robust security features make the Alliance VCC a great card for heavy online shoppers and e-wallet users. In addition, cardholders also earn TBP for other transactions including overseas and dining transactions (3x TBP) and 1x TBP for all other spending including contactless transactions, JomPAY, and QR-based payments using DuitNow QR.
2. Alliance Bank Visa Infinite
Since it was refreshed in 2020, the Alliance Bank Visa Infinite has further cemented its position as one of the best premium-tier credit cards in Malaysia. To start with, cardholders can earn 8x TBP for online and e-wallet spending like the VCC, but also an accelerated 5x TBP for dining, groceries, and overseas transactions, as well as 1x TBP for every Ringgit spent locally on retail and contactless transactions (except for petrol and government transactions).
What’s more – you’ll enjoy the luxury of 2x complimentary entries to Plaza Premium Lounges. From Hong Kong to Zimbabwe, you’ll be able to gain exclusive access to Plaza Premium Lounges in 40 countries worldwide. And the best part is – the Alliance Visa Infinite Card has one of the lowest income requirements in the market, with a minimum of RM60,000 annual income to qualify for the card.
3. Alliance Bank Visa Platinum
Next on the list is the Alliance Bank Visa Platinum – a card designed to reward your everyday spending. Earn 8x TBP for e-wallet reloads (up to RM3,000 a month) and online transactions, 3x TBP on overseas and dining transactions, and 1x TBP on retail and contactless transactions.
The best part about collecting Alliance Timeless Bonus Points is that they have no expiry date and are uncapped (besides e-wallet reloads). This means you don’t need to rush to Alliance Bank’s rewards catalogue to make a redemption within 3 years (the usual expiry period for credit card rewards points) and have plenty of time to collect more TBP for redeeming home appliances and electronics, or Malaysia Airlines Enrich Points to redeem flights for your next holiday!
Cashback-based Cards
4. Alliance Bank Visa Signature Credit Card For Alliance Privilege
If you’re an Alliance Privilege customer, the Alliance Bank Visa Signature Credit Card for Alliance Privilege is a stellar choice for both personal and business needs. The card offers up to 8% cashback – 5% cashback for any online shopping, petrol, groceries, dining, utilities and retail spends, and an additional 3% cashback with a minimum spend of RM120,000 p.a. while maintaining a minimum Asset Under Management p.a. of RM300,000. For major purchases, cardholders will also benefit from the convenience of the 0% Flexi Payment Plan with a repayment period of up to 12 months.
Additionally, cardholders receive 4x complimentary passes to selected Plaza Premium Lounges (including Plaza Premium First Lounges in four countries and Plaza Premium Lounges in 40 countries worldwide) and 2x complimentary airport rides (local and overseas). Here’s a little-known fact: this card is one of the very few cards in the market that offers access to the exclusive Plaza Premium First airport lounge – savour an elevated pre-boarding experience, with its specially curated dining menu and tastefully decorated spaces alongside additional services not available in the usual Plaza Premium Lounge, such as massage sessions and even private rooms should the cardholder need to take an important call or meeting.
5. Alliance Bank Visa Signature
For those who appreciate the simplicity of cashback rewards, the Alliance Bank Visa Signature card is an interesting choice. It offers up to 5% cashback every month on all of your retail transactions – whether it’s online shopping, groceries, petrol, dining, or utilities. Plus, the tiered rewards system allows you to earn cashback with a minimum spend of RM1,000 a month and is unlimited (no capping). This is good news for those who use their credit card for their regular day-to-day spending.
The card also offers 2x complimentary e-hailing airport rides (worth RM80 per ride) for both local and overseas travel – making it a useful travel companion! Again, airport rides may sound like perks offered by other cards, but this card is one of (if not the only) card that offers overseas airport transfers, which can cost a lot more than what we expect. All of the features combined make the card an ideal companion for those who travel – whether for business or pleasure.
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Whether you’re looking for rewards-based cards with exceptional benefits or cashback-based cards that put money back in your pocket, Alliance Bank has you covered. The table below summarises the various benefits of the cards mentioned:
| Card Name | Card Benefits |
| Alliance Bank Visa Virtual Credit Card | – Dynamic Card Number (DCN) Feature – Freeze / Unfreeze Card Within allianceonline Mobile App – 8x TBP on online shopping/e-wallet reload transactions, 3x TBP on dining/groceries/online transactions, 1x TBP on retail/contactless transactions. – Minimum income requirement: RM24,000 p.a. |
| Alliance Bank Visa Infinite | – 8x TBP on online shopping/e-wallet reload transactions, 5x TBP on dining/groceries/overseas transactions, 1x TBP on other retail transactions – 2x Complimentary Entries To Selected Plaza Premium Lounges (in 40 countries worldwide) – Minimum income requirement: RM60,000 p.a. |
| Alliance Bank Visa Platinum | – 8x TBP on online shopping/e-wallet reload transactions, 3x TBP on dining /overseas transactions, 1x TBP on other retail/contactless transactions. – Minimum income requirement: RM24,000 p.a. |
| Alliance Bank Visa Signature Credit Card For Alliance Privilege | – Up to 8% cashback on all retail transactions – 0% Flexi Payment Plan For 12 Months – 4x Complimentary Entries To Selected Plaza Premium Lounges (including 4 Plaza Premium First Lounges & Plaza Premium Lounges in 40 countries Worldwide) – 2x Complimentary Airport Rides (Local & Overseas) – Exclusive to Alliance Privilege clients – Minimum income requirement: RM48,000 p.a. |
| Alliance Bank Visa Signature | – 5% cashback on ALL retail transactions (including online shopping, groceries, petrol, dining, & utilities) – 2x Complimentary Airport Rides (Local & Overseas) – Minimum income requirement: RM48,000 p.a. |
Make the most of your spending with the right credit card in your wallet or mobile phone. You can even enjoy rewards before even using the cards thanks to exclusive sign-up offers from RinggitPlus, where you can enjoy guaranteed gifts ranging from Touch ‘n Go eWallet credits to earning chances to win high-value prizes such as the new iPhone!
Discover the Alliance Bank credit card that suits you best and the latest sign-up offers here.
About THE AUTHOR
Eloise Lau
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Wow I love this