Alliance Bank You:nique - Great Rates

Enjoy great savings and amazing interest rates with 0% for your first 3 months' spending.

Alliance Bank You:nique - Great RatesLow Interest Rates
Min. Income
RM2,000/month
Annual Fee
Free*
Balance Transfer
From 0% p.a.
Easy Payment Plan
From 0% p.a.
Interest Rate
9% p.a.
Interest-free
20 days

Interest Rate

Enjoy a low interest rate of 9% p.a. on outstanding credit card balance for 12 months, instead of 15% to 18% p.a., with Alliance Bank You:nique - Great Rates. Suitable for those who love to take advantage of competitive interest rate!

Balance Transfer

Start paying off your accumulated credit debt with a ZERO interest for up to 6 months with a minimum transfer of RM3,000 only.

Pay OverWith Interest Rate AtWhen You Transfer
6 months0% p.a. and no one-time upfront handling feefrom RM3,000
12 months9.88% p.a. and no one-time upfront handling feefrom RM1,000
18 months9.88% p.a. and no one-time upfront handling feefrom RM1,000
24 months9.88% p.a. and no one-time upfront handling feefrom RM1,000
Learn more about Alliance Bank Balance Transfer Plan

Fees & Charges

Annual Fee
  • RM148 primary card

    Free for first year

    Waived when you spend RM5,000 or swipe 12 times within a 12 month period for subsequent years

  • RM30 supplementary card
Sales and Service Tax
RM25 on each principal and supplementary card upon activation and anniversary date
Minimum Monthly Payment
RM50 or 5% of outstanding amount, whichever is higher
Late Payment Fee
RM10 or 1% of outstanding amount, up to a maximum of RM100
Cash withdrawal fee
RM15 or 5% of withdrawn amount, whichever is higher
Interest Rate on Cash Withdrawals
18%
Daily Maximum Cash Withdrawal
Up to 80%

Requirements

Minimum Annual Income
RM24,000
Minimum Age
  • 21 years old  years old primary card
  • 18 years old supplementary card
Who can apply
  • Anybody

Features

Cash Advance / Cash Loan
Alliance Bank FastCash
Get the money you want when you need it with the Alliance Bank FastCash plan
Balance Transfer Plans
Alliance Bank Balance Transfer Plan
Switch to the Alliance Bank Balance Transfer Plan to enjoy low interest rates starts from 9.88% p.a. when you transfer a minimum of RM1,000. You can even earn reward points on your transferred balance.

Review

*Known for its card personalisation feature, please be noted that the feature will be discontinued starting 1 January 2020. Cardholders will receive a generic Alliance Bank You:nique credit card upon the next card renewal or a card replacement.

Alliance Bank You:nique Great Rates - Low Interest

Suitable for credit cardholders who like to take advantage of low interest rate environment, Alliance Bank You:nique - Great Rates is the perfect credit card for you.

With an effective annual percentage rate (APR) as low as 9% for 12 consecutive months, you are only paying an interest rate of 0.75% per month on your outstanding credit card balance - that is a significant saving on interest payments.

This interest rate is almost half of the range stipulated by Bank Negara Malaysia, which is around 15% to 18% per annum.

You can do wonder with this kind of interest rate on your outstanding payment.

Annual Fee Waiver

You heard it right. Alliance Bank You:nique credit card's annual fee is free for the first year of ownership. 

If you do the math correctly, you get to save RM148.

Although for the following years you have to pay for the annual fee, it can easily be waived by way of either spending a minimum of RM5,000 in a year or swipe your Alliance Bank You:nique Great Rates credit card 12 times per year.

Alliance Bank You:nique Line of Credits

In times of need, a credit card can function more than just a payment tool. 

Therefore, Alliance Bank You:nique credit card is equipped with necessary line of credits such as:

  • Balance Transfer Plan
  • 0% Instalment Payment Plan with participating merchants
  • Fast Cash Instalment

Alliance Bank You:nique Great Rates 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) 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 includes:

  • 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 You:nique Great Rates are carried forward from the previous month's statement cycle are paid in full.