Alliance Bank Visa Basic Credit Card

Min. annual incomeRM24,000RM2,000 / month equivalent

Principal annual feeRM0

Fixed profit rate14% p.a.

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THE DETAILS

Benefit breakdown

Principal annual fee: RM0
Annual-fee waiver: Lifetime annual-fee waiver.
Supplementary annual fee: No annual fee; verify any supplementary account tax separately.
Service tax: RM25 per principal / supplementary card annually where issued; annual-fee waiver does not waive this tax.
Retail finance charge: 14% p.a.; no finance charge on the carried-forward finance-charge component.
Cash advance rate: 18% p.a., calculated daily from transaction date until settlement; no interest-free period.
Cash advance fee: 1.25% or RM3 minimum per transaction, under the September / October 2026 disclosure. This replaces older 5% / RM15 references.
Minimum monthly payment: Higher of 5% of outstanding balance or RM50, plus contracted monthly instalments including eligible ABC / FPP / IPP / transfer / Fast Cash repayments.
Late payment charge: 1% of current balance or RM10, whichever is higher; capped at RM100.
Foreign exchange: Visa / Mastercard conversion plus 1% bank foreign-exchange spread, subject to current card-network procedures.
Retail interest-free period: 20 calendar days from statement date if all amounts owed are paid fully on time; excludes balance transfer and cash advances.
Replacement card: RM15 plus applicable 8% tax on the fee.
Credit-limit cap: Lower of RM20,000 or twice monthly income, effective 1 October 2026.

Minimum annual income: RM24,000
Principal minimum age: 21 years
Documents: NRIC / passport and income records. MNC / PLC / GLC: recent EPF history or latest payslip; other salaried applicants: EPF or 3 months payslips + bank statements. Self-employed: registration and 6 months banking or tax evidence.

No rewards programme: No TBP, cashback or ancillary privilege programme. This is the revised 14% retail-financing Visa Basic product under Credit Card Asas.
Card design: Current personal cards use accessible notch / recycled PVC designs on eligible issues. Chip, stripe and inlay are not recyclable.

Annual fees exclude applicable tax and transaction charges. Bank approval and current product terms apply.