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Participation in the Alliance Bank Malaysia Berhad ("the Bank") Cash Back Program ("Program") is subject to the following terms & conditions and to the Alliance Bank VISA/MasterCard Cardmember Agreement.
- This Program will run from 8 October 2007 until such time as the Bank may decide at its absolute discretion.
- The program is only applicable to approved Alliance Bank Generic Classic, Gold & Platinum Credit Card applications from 8 October 2007 onwards.
- The Program allows Cardmembers to earn cash back ("Cash Back") on retail purchases made with Alliance Bank VISA/MasterCard at any merchant (except for Cash Advance, Balance Transfer, Fee & Charges) at the rate and tiers determined by the Bank.
- All Cash Back earned will be rounded down to the nearest Ringgit (RM).
- Different types of Credit Card will enjoy different Cash Back rate and tier. Below table illustrates the different payout:
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CLASSIC |
GOLD |
PLATINUM |
| Cash Back Payout Table |
Cash Back Factor |
Monthly Spending Range (RM) |
Cash Back Factor |
Monthly Spending Range (RM) |
Cash Back Factor |
Monthly Spending Range (RM) |
Tier 1
Tier 2
Tier 3
Tier 4 |
0.50%
0.60%
0.80%
1.20% |
0 - 200
201 - 350
351 - 650
651 - 1,000 |
0.55%
0.65%
0.85%
1.30% |
0 - 300
301 - 600
601 - 950
951 - 3,000 |
0.60%
0.70%
0.90%
2.00% |
0 - 500
501 - 1,350
1,351 - 2,550
2,551 - 5,000 |
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Example: Alliance Bank Platinum Credit Card Cash Back Payout Mechanism
- Platinum Credit Card with total spending of RM400 in January 2007
Cash Back earned on February 07 will be RM400 X 0.60% = RM2.40
- Platinum Credit Card with total spending of RM1,000 in February 2007
Cash Back earned on March 07 will be (RM500 X 0.60%) + (RM500 X 0.70%) = RM6.50
- Platinum Credit Card with total spending of RM3,000 in March 2007 Cash Back earned on April 07 will be:
RM500 X 0.60% = RM3.00
+ RM850 X 0.70% = RM5.95
+ RM1,200 X 0.90% = RM10.80
+ RM450 X 2.00% = RM9.00
Total Cash Back = RM28.75
- Monthly spending cap will apply. No Cash Back will be awarded for retail spending of RM1,001 and above for Alliance Bank Classic Credit Card, RM3,001 and above for Alliance Bank Gold Credit Card and RM5,001 and above for Alliance Bank Platinum Credit Card.
- Cash Back will be credited to respective Card account in the following month's Credit Card billing statement.
- Cash Back will only be credited to the Principal Cardmember's card account, regardless whether spending incurred by Principal Cardmember or Supplementary Cardmember.
- Cash Back are not transferable and cannot be exchanged for cash.
- The Bank reserves the right to debit and/or credit the Cash Back from the Cardmember's credit card account at any time upon reversal of disputed transaction or at any point of time deemed necessary without prior notice to the Cardmember concerned.
- The Bank reserves the right to adjust and or amend the said rate and tier without any prior notification to Cardmembers. Cardmembers shall be bound by such adjustments and/or amendments.
- The Bank reserves the right to vary, add or delete the Terms & Conditions herein at any time without prior notice to the Cardmember and/or to discontinue or cancel this Program at its absolute discretion.
- The Terms & Conditions herein are in addition to the Terms & Conditions stated in the Alliance Bank VISA/MasterCard Cardmember Agreement. In the event of conflict, the Terms & Conditions herein shall prevail.
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