Alliance Bank Visa Platinum
5x Bonus Points per RM1 on overseas, dining, groceries, petrol & essentials
Apply for Alliance Bank Visa Platinum →Last updated 5 October 2026 · Reviewed by Raymond, Rates.my
Alliance Bank Visa Platinum overview
The Alliance Bank Alliance Bank Visa Platinum is a Platinum-tier Visa points card built around rewards points. 5x Bonus Points per RM1 on overseas, dining, groceries, petrol & essentials. It best suits entry-level applicants and first-time cardholders, with a minimum income requirement of RM24,000 a year. It has an annual fee of RM120 (free 1st year).
Features & benefits
- ✓5x TBP per RM1 on overseas spend, dining, groceries, petrol & essentials (drugstores/convenience stores)
- ✓1x TBP per RM1 on all other retail spend
- ✓Points are Three-Year Bonus Points since Dec 2025 (they now expire)
- ✓RM120 annual fee, waived first year
Is the Alliance Bank Visa Platinum worth it?
The Alliance Bank Visa Platinum is best suited to entry-level applicants and first-time cardholders — its minimum income requirement is RM24,000 a year (about RM2,000 a month). As a points card, it works best for people who will actively redeem rewards points for vouchers, gifts or air miles.
- +Annual fee waivable (free 1st year)
- +Earns 1 reward point per RM1 spent
- +Low income requirement — accessible to first-time applicants
- −RM120 annual fee unless the waiver condition is met
- −Rewards only pay off if you actively redeem your points or miles
- −Like any credit card, finance charges apply if you don't pay the balance in full each month
How much could you earn?
At 1 point per RM1, around RM2,000 of monthly spending earns about 2,000 points a month — redeemable for vouchers, gifts or air miles depending on the programme. This is illustrative; redemption value varies.
Eligibility & how to apply
Requirements are general guidance — Alliance Bank sets the final approval criteria. Confirm current terms before you apply.
The fine print, decoded
The catches most people miss on the Alliance Bank Visa Platinum, in plain language — so nobody gets caught out. Always confirm against the official terms.
- What's excluded
- TBP is not awarded on Cash Advance, Balance Transfer, Fast Cash, Finance/Late Charges, Annual Fees, or Reversed/Disputed/Split/Void transactions; Government Agency Services earn no TBP either (Visa Platinum is the one Alliance card exempted from the bank-wide petrol exclusion, so its 5x petrol rate stands). Instalment Payment Plan (IPP), Flexi Payment Plan (FPP), JomPay and FPX transactions earn only 1x TBP, not the 5x headline rate.
- How the cap works
- No stated cap on the 5x TBP overseas/dining/groceries/petrol/essentials categories (unlike the sibling Visa Platinum Virtual card, whose 8x e-commerce/e-wallet tiers are capped at RM3,000/statement cycle). TBP is RM1 = 1 TBP, rounded down to the nearest ten per statement cycle.
- Foreign transaction fee
- Conversion rate set by Mastercard or Visa, plus a 1% foreign-exchange conversion spread charged by Alliance Bank — per the official PDS fee table (applies to all Alliance credit cards except Visa Basic).
- Fee waiver
- RM120 annual fee waived for the 1st year; from year 2, RM120 applies unless the cardholder qualifies for a lifetime waiver — available to customers with a Home Financing Facility at Alliance Bank, Alliance Privilege customers, or Alliance Personal customers, per the official PDS's annual-fee table and waiver note.
- ⚠TBP earned each statement cycle is rounded down to the nearest 10 (e.g. 1,288 TBP earned posts as 1,280) — per the official PDS.
- ⚠This is the only generic (non-Islamic, non-co-brand) Alliance card whose 5x bonus tier includes petrol — Visa Infinite and other Alliance TBP cards explicitly exclude Petrol Service Stations from bonus earning.
Verified 17 August 2026. Summarised in our own words from Alliance Bank's published terms — indicative only, and terms change. Read the official document before you apply.
📄 Official Alliance Bank Visa Platinumterms & product disclosure →Alliance Bank Visa Platinum FAQ
You need a minimum annual income of RM24,000 (about RM2,000 a month). Alliance Bank also considers your overall credit standing.
The annual fee is RM120, but it can be waived: free 1st year.
It earns 1 reward point per RM1 spent. 5x Bonus Points per RM1 on overseas, dining, groceries, petrol & essentials.
No — the Alliance Bank Visa Platinum is a conventional credit card. Check with Alliance Bank for any Islamic (card-i) equivalent.
It's a good fit for entry-level applicants and first-time cardholders who want rewards points — its main draw is "5x Bonus Points per RM1 on overseas, dining, groceries, petrol & essentials". Weigh the RM120 annual fee against how much you'll earn back. Compare it with the related cards below before applying.
See how the Alliance Bank Visa Platinum compares
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Rates, fees and promotions are indicative and time-limited — always confirm current terms with Alliance Bank before applying. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by Alliance Bank; card names and logos belong to their respective owners. Spotted an error or need a correction or takedown? Contact Raymond at raymond@rates.my.