Cashback for retail spends
Alliance Bank Visa Signature rewards you with cashback every month
Shopping for necessities every month could dry out your wallet if you don't spend it wisely. But it's another case if you're using a cashback credit card like the all-new Alliance Bank Visa Signature!
With this elite card, you can turn your monthly spending into rebates, which will be rewarded right back to your credit account.
So how can you earn cashback with Alliance Bank Visa Signature? Well, there are several cashback categories that can qualify you for up to 5% cashback every month which include:
- Online shopping - This includes your favourites such as Zalora, Shopee and so forth
- Petrol - Just tap and fuel at any petrol station nationwide
- Groceries - Shop at any of your go-to supermarkets
- Dining - Save up for more dinner dates wherever you want
- Utility bill - Paying for your phone bills electricity bills, etc. can never get more rewarding than this
- And other retail spends!
In addition, you also need to meet a few tiers of spending requirements before being eligible to receive the cashback.
You can check out the table below for reference. But do note that the cashback that you earn is non-transferable and you cannot exchange it for cash.
| Highlights of Alliance Bank Visa Signature | ||
| Cashback Category | Spending Requirement (RM) | Cashback Rate |
| Online Shopping Petrol Groceries Dining Utility Bill Other Retail Spends | RM1 - RM1,000 | 0.05% |
| RM1,001 - RM2,000 | 0.50% | |
| RM2,001 - RM3,000 | 5.00% | |
| RM3,001 and above | 0.25% | |
If you want to earn 5% cashback, which is the highest rate, you must hit spending criteria between RM2,001 to RM3,000 in a month.
For example, out of the selected categories, you can split your spending to RM1,000 for groceries, RM500 for petrol, RM500 for utility, RM500 for dining, and another RM500 for online shopping to hit the maximum RM3,000 spending criteria. With 5% cashback over RM3,000 spent, you'll earn RM150.
If you manage to hit RM3,001 and above in a month, the cashback you get to earn will decrease to 0.25%. That's about RM7.50 or so worth of cashback.
Do note that the 'Other Retail Spends' category has a few exclusions such as annual fees imposed by Alliance Bank, finance charges, late charges, etc. which can be found in the product disclosure PDF.
Travel in style, locally and internationally
Another unbeatable perk of owning an Alliance Bank Visa Signature card is you can most definitely travel in style and comfort.
It's an undeniable fact that travelling is tiring, especially when your line of work or lifestyle needs you to always be on the go, back and forth to the airport.
With this Alliance credit card, you can save yourself from the hassle of booking e-hailing rides to the airport because you'll get 2X complimentary airport rides that are worth RM80 per ride every time!
And to enjoy this travel benefit, make sure that you spend a minimum of RM120,000 per year. This benefit also applies to both local and overseas e-hailing services.
Splendid credit features just for you
Looking for more benefits? Prior to owning this credit card, you will also get to enjoy a couple of credit features, namely the Alliance Bank Balance Transfer and Alliance Bank Fast Cash which can surely help you manage your finances better.
Alliance Bank Balance Transfer
With this credit feature, you can accumulate all of your other credit outstanding balances into one (1) plan with a lower interest rate and a longer repayment period. Valid until 31 December 2023, you can get the chance to enjoy ZERO interest over a 6-month tenure with Alliance Bank Balance Transfer. Check out the terms and conditions here.
Alliance Bank Fast Cash
Get the cash that you want whenever you need it with the Alliance Bank Fast Cash plan. Eligible applicants such as yourself may get to enjoy a 0% interest rate when you apply for the 6-months repayment tenure. To sign up for this exciting offer, you can apply for fast cash of a minimum of RM1,000, up to a maximum of 40% of your available credit limit.
Annual fee waiver
The first year is on the house! Additionally, you can also enjoy a lifetime annual fee waiver with the Alliance Bank Visa Signature credit card.
All you have to do is to spend at least RM12,000 every year to waive the annual fee that's worth RM148 for the principal card, while a supplementary card annual fee is already waived.
Alliance Bank Visa Signature Finance Charge
What is the interest rate imposed on repayments?
| Conditions of Repayments | Tiered Interest Rate (p.a.) |
| Prompt repayment every month | 15% |
| Prompt repayment 10 out of 12 months | 17% |
| Prompt repayment of less than 10 out of 12 months AND new card members | 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 until full payment is made.
- Cash advances/withdrawal transactions - 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 balances including All Fees and Charges (except Late Payment Charges).
These are carried forward from the previous statement until the outstanding balances are paid 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 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.
In fact, you will continue to enjoy a 20-day interest-free period, provided that the outstanding balances of your Alliance Bank Visa Signature are carried forward from the previous month's statement cycle and are paid in full.
