Alliance Bank Visa Basic Credit Card
A basic no-annual-fee credit card with a 0% instalment plan and discounts at participating merchants. Perfect for beginners!
Eligibility
Minimum Monthly Income
RM 2,000 (RM 24,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 18 years old
Resident Status
Anybody
Documents required to apply:
You will need to provide several documents such as (varies between different banks):
Salaried Employees (Malaysian)
- A copy of your IC (both sides)
- Latest EPF statement (13 months); or
- Latest 3 months salary slip
- Latest 3 months bank statement (with salary being credited)
Self-Employed (Malaysian)
- A copy of your IC (both sides)
- Latest 6 months bank statements
- Latest B Form with official tax receipt
- Business Registration Certificate (SSM); or
- Form 9/24/49
Fees & Charges
Interest Rate
14%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Free for life
Late Payment Fee
RM 50 or 5% of the outstanding amount, whichever is higher
Interest Rate
14%
Features
Break free from the credit card debt spiral with the Alliance Bank Balance Transfer programme. Move your outstanding balances over and pay them down from as low as 0% interest, with tenures of up to 24 months and a minimum transfer of just RM1,000.
Terms and Conditions
Product review by CompareHero
Tap To Win Gold With Your Alliance Bank Visa Credit Card
Alliance Bank is giving away six 10g customised gold bars every month from 7 October 2026 until 31 March 2027. To take part, link your Alliance Bank Visa credit card to Apple Pay, Google Pay or Samsung Pay and use it to pay in shops or online. Each RM100 you spend earns one entry into that month’s draw. Entries don’t carry over, so everyone starts from zero again each month. The full rules are in the Tap For Gold terms and conditions.
Pay By Card Instead Of Cash With The Alliance Bank Visa Basic Credit Card
The Alliance Bank Visa Basic is a simple credit card for everyday spending. You can use it in shops and online, so you don’t need to carry as much cash or keep going to the ATM.
You can manage the card through online banking and get your statements by email instead of by post.
Interest-Free Period And Minimum Payment
You get 20 days to pay for your purchases without interest. If you don’t pay your bill in full, the bank charges interest of 14% a year (1.17% a month) on what you still owe. Interest is worked out every day until you clear the balance.
If you can’t pay the full bill, you must pay at least 5% of what you owe. If 5% is less than RM50, you pay RM50. For example, if you owe RM600, your minimum payment is RM50.
Late Payment Fee
If you don’t make the minimum payment by the due date, you pay a late fee of 1% of what you owe. The fee is at least RM10 and no more than RM100. If you owe RM3,000, the late fee is RM30. You still pay interest on top of this.
Cash Withdrawal Fee And Limit
You can take out cash at any ATM with the Visa logo. Each withdrawal costs 1.25% of the amount, or RM3 if that’s more. Taking out RM500 costs RM6.25.
How much cash you can take out depends on your credit limit. Your credit limit is RM20,000 or twice your monthly income, whichever is lower.
Free Supplementary Cards
You can get extra cards for family members aged 18 and above for free.
Alliance Bank Visa Basic Finance Charge
What is the interest rate imposed on repayments?
| Conditions of Repayments | Interest Rate (p.a.) |
| A single finance charge of 14% p.a. (1.17% per month) on the total outstanding balance for retail transactions. | 14% |
If you pay your full bill every month, you don’t pay any interest.
| Fee or Charge | Amount |
| Interest Rate | 14% a year (1.17% a month) |
| Interest-Free Period | 20 days |
| Minimum Monthly Payment | 5% of what you owe, or RM50 if that’s more |
| Late Payment Fee | 1% of what you owe, at least RM10, no more than RM100 |
| Cash Withdrawal Fee | 1.25% of the amount, or RM3 if that’s more |
| Supplementary Card | Free |
| Maximum Credit Limit | RM20,000 or twice your monthly income, whichever is lower |