Alliance Bank · Visa Platinum · Miles

Alliance Bank Visa Platinum

Good for

Dining, groceries, petrol, pharmacies and spend abroad earn 5x points, about 0.33 Enrich miles per RM1.
No annual fee in the first year.
Needs only RM24,000 a year in income.

Three-year Bonus Points, per RM spent, and the miles they make in Enrich.

Spending	Earns	Details
Spending in a foreign currency	5 points per RM	0.33 miles per RM.
Dining, Groceries, Petrol and more in ringgit	5 points per RM	0.33 miles per RM.
Spending in ringgit	1 point per RM	0.07 miles per RM.
Government / LHDN / JPJ	Nothing

Airport lounges: None
Overseas spending fee: 1% 1% Alliance Bank spread, on top of Visa's own rate and charges

What it costs if you don't pay in full, or use it for cash.

Annual fee: RM120 Free the first year.
Extra (supplementary) cards: No annual fee
Service tax: RM25 a year per card A government charge on every credit card in Malaysia, billed by the bank.
Interest: 15%, 17% or 18% a year Depends on how reliably you paid over the last 12 months. None if you pay the full balance by the due date (20 days after your statement).
Minimum monthly payment: 5% of the balance, or RM50 Whichever is higher, plus any installments.
Late payment: 1% of the balance, RM10 to RM100 Charged when the minimum payment is late.
Cash withdrawal: 1.25% fee, at least RM3 Plus 8% service tax on the fee, and 18% a year interest from the day you take it out. No interest-free days.
Replacement card: RM18

Income: RM24,000 a year or more
Age: 21 or older
Documents: MyKad copy (both sides) or a valid passport
Staff of a multinational, listed or government-linked company: EPF statement for the latest 13 months, or your latest payslip
Other employees: EPF statement for the latest 13 months, or your latest 3 months' payslips and 3 months' bank statements
Self-employed: business registration (Form 9, 24 or 49, or a trading license), plus your latest 6 months' bank statements or your latest Form B with tax receipt