Get Annual Fee Waiver with Alliance Bank MasterCard Classic
Nobody likes paying annual fee on their credit card.
That’s why Alliance Bank is offering an annual fee waiver when you charge RM5,000 to your Alliance Bank MasterCard Classic in a single year or make one transaction each month for 12 consecutive months.
Sign up family members with their own supplementary card for a small fee of RM20 annually.
Keep track of everyone’s spending with easy online management, and manage each supplementary card’s credit limit individually.
Timeless Bonus Points
For choosing a credit card payment method when you make retail transactions, you will be rewarded with a loyalty point.
Just charge minimum RM1 to your Alliance Bank Classic credit card, locally and overseas, you earn 1x Timeless Bonus Point.
These loyalty points will be credited to your account every month.
That’s not all, the Timeless Bonus Points never expire.
So, you can keep collecting them to redeem anything you want from Alliance Bank's rewards catalogue.
Alliance Bank MasterCard Classic Air Miles Redemption
It's not common for a classic credit card to reward air miles like what Alliance Bank MasterCard Classic does.
In partnership with Malaysia Airlines and AirAsia, you could be flying on either or both airlines for free, courtesy of Airline Miles Redemption.
Here's how it works: for every 6,000 TBP you have collected on your MasterCard Classic, you can convert to 1,000 Enrich Miles. Meanwhile, 3,000 TBP can be converted to 1,000 BIG Points.
There are more than one flexible credit lines you can use from this Alliance Bank credit card:
- Balance Transfer Plan
- 0% Instalment Payment Plan
- FastCash Instalment plan
Alliance Bank MasterCard Classic Finance Charge
What is the interest rate imposed on repayments?
|Conditions of Repayments||Tiered Interest Rate (Per Annum)|
|Prompt Repayment every month||15%|
|Prompt Repayment 10 out of 12 months||17%|
|Prompt Repayment less than 10 out of 12 months AND New Cardmembers||18%|
Previously, the finance charge is only imposed on the below that are not paid after the payment due date:
- Retail transaction - finance charge is calculated from the posting date till full payment is made
- cash advances/withdrawal transaction - finance charge is calculated from the transaction date
The Finance charge is now based on the prevailing tiered interest rate (above) that will be imposed on any of your outstanding balance including All Fees and Charges (except late payment charges).
These are carried forward from the previous statement until the outstanding balances are settled in full.
All Fees and Charges include:
- Retail Transactions
- Annual Fee
- Cash Advance Fee
- Card Replacement Fee
- Statement Copy Fee
- Sales Draft Retrieval Copy Fee
- Any other form of service of miscellaneous fee (if any) EXCEPT Late Payment Charges
Late Payment Charge of 1% will be imposed if the minimum payment is not made by the payment due date.
This is subject to a minimum of RM10, whichever is higher up to a maximum of RM100.
This change on Finance Charge will not have any impact if you do not have any unpaid outstanding balance.
In fact, you will continue to enjoy a 20 days interest-free period, provided that the outstanding balances of your Alliance Bank MasterCard Classic are carried forward from the previous month's statement cycle are paid in full.