No-Frills, Low Cost
Easy Payments with Alliance Bank Visa Basic Credit Card
Having the right amount of cash on you at all times can be, well, not entirely feasible. Skip those constant trips to the ATM 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 all-in with e-banking.
Fees and Charges
All charges to your Alliance Bank Visa Basic Card 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 to 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 and make minimum payments if necessary.
Cash Withdrawal
Run into an emergency? You make a cash withdrawal from any VISA-authorised lender.
Pay a low-interest fee of 1.25% upfront, or a minimum of RM3, whichever is higher, per transaction, and you’re good to go.
The amount that you can withdraw will be determined by your credit limit.
Supplementary Cards
Family members can also enjoy the convenience of having a credit card if they sign up for a supplementary Alliance Bank Visa Basic card for no fees at all!
Only one condition: they have to be above the age of 18 years.
Alliance Bank Visa Basic Finance Charge
What is the interest rate imposed on repayments?
| Conditions of Repayments | Interest Rate (p.a.) |
| A single finance charge of 14% p.a. (1.17% per month) on the total outstanding balance for retail transactions. |
14% |
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 a miscellaneous fee (if any) EXCEPT Late Payment Charges
A 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 in Finance Charge will not have any impact if you do not have any unpaid outstanding balance.
You will continue to enjoy a 20-day interest-free period, provided that the outstanding balances of your Alliance Bank Visa Basic are carried forward from the previous month's statement cycle and are paid in full.
