Timeless Bonus Points for Alliance Bank Visa Classic Cardholders
Timeless Bonus Points is a loyalty program for Alliance Bank credit cardholders that rewards you with points when you pay using your Alliance Bank Visa Classic credit card.
For every Ringgit you have swiped on retail transactions, whether locally or overseas, you earn 1x Timeless Bonus Point.
Timeless Bonus Point will be credited into your account every month.
Plus, this loyalty point does not have an expiry date. You can collect as many points as you want as long as you can.
These rewards points can be redeemed with products, services, and air miles.
Annual Fee Waiver
The annual fee for the primary card is RM68, whereas for the supplementary card is RM20. In reality, nobody likes paying an annual fee on their credit card.
That’s why Alliance Bank offers an annual fee waiver when you charge RM5,000 to your Alliance Bank credit card in a single year or make one transaction each month for 12 consecutive months.
Sign up family members with their own supplementary card.
You can keep track of everyone’s spending with easy online management, and manage each supplementary card’s credit limit individually.
Alliance Bank Visa Classic Airline Miles Redemption
You can now spend your way to your next vacation for free, courtesy of Airlines Miles Redemption with Malaysia Airlines and AirAsia.
The conversion rate as follows:
- 6,000 Timeless Bonus Points into 1,000 Enrich Miles
- 3,000 Timeless Bonus Points into 1,000 AirAsia BIG Points
The best part of the Timeless Bonus Points is that they are non-expiry.
You can start sowing your Timeless Bonus Point slowly the moment you have activated the credit card until you have collected enough points to redeem or convert it to air miles!
Alliance Bank Credit Facilities
There are more than one flexible credit lines you can use from this credit card:
- Balance Transfer Plan
- 0% Instalment Payment Plan
- FastCash installment plan
Alliance Bank Visa 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 Visa Classic are carried forward from the previous month's statement cycle are paid in full.