25 July 2023

Revision to Alliance Privilege Visa Signature Credit Card Features

Announcement

Dear Valued Cardholder,

Thank you for your continuous support to the Alliance Privilege Visa Signature Credit Card.

We would like to advise you that the Additional Cashback Rates for Alliance Privilege Visa Signature Credit Card has been revised as shown in the table below. The revision shall take effect on 15th August 2023.

Current

New (Effective 15 August 2023)

Alliance Privilege Visa Signature
Tier	Additional Cashback Rates	Average Asset Under Management p.a. (RM)
1	0.5%	More than RM300,000
2	1.0%	More than RM500,000
3	2.0%	More than RM1,000,000
4	3.0%	More than RM3,000,000

Alliance Privilege Visa Signature
Tier	Additional Cashback Rates	Average Asset Under Management p.a. (RM)	Additional Cashback Capping
1	0.5%	More than RM300,000	RM800
2	1.0%	More than RM500,000	RM1,600
3	2.0%	More than RM1,000,000	RM3,200
4	3.0%	More than RM3,000,000	RM4,800

Clause 6.1.6 of the Alliance Bank Cardholder Agreement has been amended to reflect the above changes as follows:-

ISSUANCE OF ADDITIONAL CASHBACK

6.1.6

Additional Cashback will be credited to a valid Alliance Privilege Visa Signature Credit Card if the minimum retail spend requirement of RM120,000 per annum is met. The Additional Cashback is awarded to the eligible Alliance Privilege Visa Signature Cardholder(s) based on their tiered average Asset Under Management (“AUM”) per annum, as shown in Table 1. The Alliance Privilege Visa Signature Cardholder(s) is required to maintain an AUM balance upon completion of a calendar year. The minimum retail spend requirement of RM120,000 per annum is defined as the cumulative 12 months' retail spend upon completion of a calendar year and refers to the total retail spend of both principal and supplementary Alliance Privilege Visa Signature Credit Card(s). Following the completion of the calendar year, the Additional Cashback will be credited to the eligible Principal Cardholder’s Credit Card Account in the following month.

Table 1

Tier 1	Additional Cashback Rates	Average Asset Under Management p.a. (RM)	Additional Cashback Capping
1	0.5%	More than RM 300,000	RM800
2	1.0%	More than RM 500,000	RM1,600
3	2.0%	More than RM 1,000,000	RM3,200
4	3.0%	More than RM 3,000,000	RM4,800

Additional Cashback Illustrations are as follows:-

Example 1 – Alliance Privilege Visa Signature Cardholder(s) is an existing Alliance Privilege customer who meets the minimum average AUM per annum requirement and maintains an AUM balance upon completion of calendar year. The total retail spend value is RM120,000 per annum.

Month

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total AUM / RM

1.0mil

1.5mil

2.0mil

2.5mil

2.7mil

2.9mil

Average AUM per annum	RM 2,050,000
Additional Cashback Rates	2.0%
Retail Spend per annum	RM 120,000
Additional Cashback	RM 2,400

Example 2 – Alliance Privilege Visa Signature Cardholder(s) is a new Alliance Privilege customer in month of September who meets the minimum average AUM per annum requirement and maintains an AUM balance upon completion of calendar year. The total retail spend value is RM200,000 per annum.

Month	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Total AUM / RM	-	-	-	-	-	-	-	-	300,000	500,000	800,000	1.1mil

Average AUM per annum	RM 675,000
Additional Cashback Rates	1.0%
Retail Spend per annum	RM 200,000
Additional Cashback	RM 1,600

Example 3 – Alliance Privilege Visa Signature Cardholder(s) is an existing Alliance Privilege customer who meets the minimum average AUM per annum requirement but did not maintain an AUM balance upon completion of calendar year. The total retail spend value is RM300,000 per annum.