How to Apply to Alliance Bank Visa Signature Credit Card

A credit card should provide you with numerous perks and rewards. If you wish to get such a credit card in Malaysia, you may go for Alliance Bank Visa Signature Credit Card.

Por: vinicius em dezembro 5, 2023

The Alliance Bank Visa Signature Credit Card is a premium retail rewards card designed to make shopping more rewarding. With up to 5% cashback on everyday retail spending and complimentary airport rides, this card provides excellent value for frequent shoppers and those with substantial lifestyle expenses.

Offering instant rewards on shopping, dining, groceries, petrol and more, the Visa Signature Card lets you earn as you spend on your daily needs and wants. The higher earn rates and lifestyle perks make this a top choice for shopaholics who want to get more from their retail therapy.

Benefits

The key benefits of the Alliance Bank Visa Signature Credit Card include:

Prerequisites

To apply for the Alliance Bank Visa Signature Credit Card, applicants must:

Be 21 years old and above
Have a minimum annual income of RM48,000
Provide supporting documents like NRIC, passport, income statements

About Alliance Bank

Alliance Bank is one of Malaysia’s leading financial institutions with a strong history spanning over 30 years. Founded in 1984, the bank has grown its network to over 200 branches nationwide that serve retail, business and corporate customers.

Who is this card for?

The Alliance Bank Visa Signature Credit Card is ideal for frequent retail shoppers who want to maximize rewards on their spending. Specifically, the card suits those who:

Shop online and in-stores often
Have regular spending on groceries and dining out
Purchase petrol frequently such as weekly fills
Spend substantially on lifestyle needs each month
Travel occasionally and can utilize the airport ride perks

With no cap on the 5% cashback earned, this card rewards high spenders on retail categories with more savings. The min RM48k income requirement also means it’s best for mid-high-income earners with sizeable monthly expenses.

Overall, the card is for those who appreciate instant cashback and rewards on shopping and other retail transactions.

Step by step to apply for the card

Applying for the Alliance Bank Visa Signature Credit Card is simple and can be done fully online.

You can apply the card on the official website.

PRESS HERE TO APPLY THE ALLIANCE BANK VISA SIGNATURE CREDIT CARD

You can also apply on the Alliance Bank mobile app. Download on App Store or Google Play.

PRESS HERE TO DOWNLOAD THE ALLIANCE BANK MOBILE APP ON IOS
PRESS HERE TO DOWNLOAD THE ALLIANCE BANK MOBILE APP ON ANDROID

Open the app and select the “Apply for Credit Card” option.
Choose the Visa Signature Card and click “Apply Now”.
Take a selfie and scan your MyKad for identity verification.
Fill in the required details in the e-form.
Upload your income documents.
Complete the eKYC process and submit your application.

That’s it! You will receive an update on your application status within a few days.

Alternatively, you can apply at any Alliance Bank branch near you. Find a branch on the website.

Positives and negatives of the card

Pros of the Alliance Bank Visa Signature Card:

Lucrative 5% cashback on retail spends with no cap on earnings
Good complimentary airport ride benefits for travelers
Visa Signature hotel privileges provide additional value
Low minima spend for annual fee waiver
eKYC application is quick and paperless

Potential cons to consider:

High minimum annual income requirement of RM48,000
No cashback or rewards on non-retail spending
Complimentary rides only for airport trips
Annual fee of RM1,481 is steep without fee waiver
Interest charges apply if balance not paid in full each month

While the pros generally outweigh the cons, customers should evaluate both when choosing this card. Overall, it provides strong retail rewards but has some limitations.

How to unlock the card?

Once you receive your new Alliance Bank Visa Signature Card, here are the steps to unlock and activate it:

Call the Alliance Bank Credit Card Activation Hotline at +603 5516 9988.
Provide the HSBC Credit Card Activation representative with your full name, NRIC number, and new credit card number.
You will receive an SMS containing a One-Time Password (OTP). Provide the OTP to the representative.
Your new credit card will now be activated and ready for use.
Sign the back of your new credit card immediately.

You can now start making transactions and enjoying cashback rewards with your activated Alliance Bank Visa Signature Card.

Fees and tariffs

Here are the key fees to take note of with the Alliance Bank Visa Signature Card:

Annual Fee: RM1,48 (waived for first year and subsequent years with min RM12k annual spend)
Cash Advance Fee: 5% of amount advanced or RM15, whichever is higher
Minimum Monthly Repayment: 5% of outstanding balance or RM50, whichever is higher
Late Payment Fee: 1% of total outstanding balance or minimum RM10, up to maximum RM100
Overseas Transaction Conversion Fee: 2.5% of transaction amount
Overlimit Fee: RM50 per month

Interest rates are 15% p.a. for retail and 18% p.a. for cash advances. Interest is calculated daily.