Keep it simple with a credit card that has fewer frills than a Jil Sander’s dress. No complicated billings and charges at the end of your monthly cycles – in layman terms, what you spend is what you pay for.
Having the right amount of cash on you at all times can be well, not entirely feasible. Skip those constant trips to the ATM machine with the Alliance Bank Visa Basic credit card. Charge and swipe, charge and swipe. It’s that easy.
All those things you couldn’t do before, like buying a new Macbook online or booking a flight? Done with just a swipe, literally. What’s more, you can also skip paper bills and go e-banking all the way.
Low Annual Fees
There’s a reason why banks try to upsell their premier credit cards to you. Always rather than not, you’ll end up spending more on things you wouldn’t before and pay more annual fees.
Stay clear of the spending trap altogether. The Visa Basic card comes with a low annual fee of RM21.20 a year. Any other charges? Nope, that’s it.
If you want to, you can even get it waived off with 12 swipes or a minimum spend of RM5,000. Can’t be bothered to make the effort? Just pay the minimal annual fee charge instead.
Fees and Charges
All charges to your Alliance Bank Visa basic come with a 20 day interest free period. After that, credit card interest rates will be compounded daily until you settle your bills.
Here’s a thing or two you should know about your repayments. If you cannot repay your credit card bill for the month, make sure you make the minimum monthly payments. It will be 5% of the outstanding amount. If this amount adds up below RM50, you will be required to pay RM50 instead.
Don’t be late on your payments ever. Late payments will result in a 1% fee on the remaining outstanding balance or RM10, whichever is higher. The maximum late payment fee is capped at RM100. Yes, you have to repay what you owe, make minimum payments if necessary.
Run into an emergency? You make a cash withdrawal from any VISA authorised lenders. Pay a low interest fee of 5.30% upfront, and you’re good to go. The amount that you can withdraw will be determined by your credit limit.
Family members can also enjoy the convenience of having a credit card if you signed them up for a supplementary Alliance Bank Visa Basic card for just RM10.60 a year. Only one condition, they have to be above the ages of 18 years.