What’s all the hype about?
Retail purchases have never been so guilt free! If you are an Alliance Bank principal Credit Card holder, opt for the Alliance Bank Flexible Payment Plan (FPP) on those larger retail purchases.
Simply credit your single retail purchases that amounts to RM500 or more to your Alliance credit card. Drop a call to the bank before the purchased is billed to you or before your statement is released.
Ask for the purchase to be converted into an FPP and there you have it! Choose to make the repayments between a 6 and 24-month period and say ‘adios’ to those pesky interest rates of 18% p.a.
So, no interest rates?
The Alliance FPP, does not have a monthly or yearly interest rate, only a one time upfront handling fee.
Depending on the tenure you choose, the interest rate varies from 2.5% - 8% which is still half the interest you’d be paying without the plan.
Yes, there are a few conditions that you must absolutely meet. Firstly, FPP plans are only available to principal card holders.
Only transactions that haven’t been billed in your statement can be converted into an FPP. Finally, it’s extremely important that you make all your payments on time within the tenure you choose, to avoid paying any additional fees.