Sometimes it seems like cashback cards get all the glory. After all, they offer savings in cold, hard cash.
But a good rewards card can help you save money too, or even score you a free flight ticket. If you’re looking for a solid rewards card, the Alliance Visa Infinite Card may fit the bill. Here’s what you need to know about this card.
Benefits | ● Up to 8x Timeless Bonus Points for every RM1 spent ● Points redeemable for gifts, miles and vouchers ● 5% Flexi Payment Plan |
Interest rate | ● 6.88% p.a. - 14.88% p.a. |
Annual fee | ● RM438 ● First year waived ● Subsequent years waived with a minimum spend of RM12,000 p.a. |
Eligibility requirements | ● Minimum annual income of RM60,000 per year ● 21 years and above |
With the Alliance Visa Infinite card, you can earn Timeless Bonus Points (TBP) for almost every transaction:
Category | Rewards |
---|---|
eCommerce and eWallet top-ups | 8 TBP per RM1 spent |
Groceries and overseas transactions | 5 TBP per RM1 spent |
Dining, entertainment, auto-billing, contactless and domestic transactions | 1 TBP per RM1 spent |
Programme | TBP needed | Mile redemption | Estimated return rate |
---|---|---|---|
Enrich Points | 6,000 TBP | 1,000 Enrich Points | 2.19%, assuming one Enrich Point is worth RM0.0164 (based on hotel redemption rates) |
AirAsia Big Points | 3,000 TBP | 1,000 Big Points | 2.13%, assuming one Big Point is worth RM0.008 |
These points never expire, so you can save them up for huge redemptions.
Is this card better than the competition? We pit it against six other cards to find out:
Note: estimated redemption rates are accurate at the time of writing; may change from time to time
At 8 TBP for every RM1 spent, this card offers one of the best redemption rates. In our comparison, only the HSBC Visa Signature offers a slightly higher voucher redemption value. But when it comes to redeeming miles, the Alliance Visa Infinite is way ahead of the competition.
Of course, if you’re looking to get higher returns on your spending, cashback cards will offer better value (e.g. up to 15% cashback). But they tend to come with monthly or category caps (e.g. RM50 a month), which limit your returns. They also generally can’t be used to redeem gifts, vouchers or air miles.
On the other hand, the Alliance Visa Infinite card offers up to 1.33% to 2.19% return (based on 8 TBP per RM1 spent), without any limits.
The card also comes with a 0% Flexi Payment Plan, which allows you to break up your spending (applicable only for flight ticket purchases, hotel bookings and overseas spending) into 0% interest repayments for three months. This can be useful if you have a large purchase coming up, and you want to divide them into smaller repayments to manage your cash flow.
This card has a relatively high annual fee of RM438, but you can get it waived if you spend at least RM12,000 a year. That’s RM1,000 a month, which could be doable if you consolidate all your spending onto this card.
To qualify for this card, you must meet these requirements:
Up to 8x TBP on online shopping transactions and eWallet top-up
Up to 5x TBP on groceries and overseas transactions; 1TBP for other spendingNot sure which bank cards support Apple Pay or Samsung Pay? Here’s the list.
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