Alliance Bank Malaysia Berhad (Alliance Bank) strengthens its strategic partnership with Credit Guarantee Corporation (“CGC”) by launching a business credit card with CGC guarantee coverage, the Alliance Bank Visa Platinum Business Credit Card (the “Business Credit Card”).
This innovative card provides greater financial flexibility to businesses, making it easier to manage day-to-day operations, without requiring any collateral. Through this collaboration with CGC, the Alliance Bank Visa Platinum Business Credit Card offers an
additional avenue for small and medium enterprises (SMEs) to have easier and quicker access to funds that meets their financing needs.
For the convenience of its customers, the Alliance Bank Visa Platinum Business Credit application process is simple and hassle-free with minimal documentation.
“The SME community is important to Alliance Bank and helping them obtain the right support to succeed is our priority. We understand the challenges micro-SMEs face in securing financing, especially those who lack collateral or with limited credit record.
In line with becoming ‘The Bank For Life’, our partnership with CGC in launching this groundbreaking Business Credit Card signifies the Bank’s commitment to support SMEs at every stage of their growth journey. This innovative solution bridges the gap for SMEs by offering an accessible and faster path to financing as well as help small businesses improve their cash flow management.
With the Business Credit Card, businesses can boost their cash flow with up to 56 days interest free repayment period and 0% flexible payment options up to six months,” said Kellee Kam, Group Chief Executive Officer of Alliance Bank.
The Alliance Bank Visa Platinum Business Credit Card also helps micro-SMEs build a robust credit history, enabling them to access larger funding support and better financial solutions in the future with an enhanced business credit profile.
In addition, businesses can opt for cashback rewards of up to 1% on business expenses or a low finance charge feature of 8.88% per annum only. Other benefits include better savings, discounts and offers for dining, golfing, travelling and shopping at participating
merchants.
The card also enhances business travel with up to 12 complimentary lounge access
passes annually, providing the cardholder with comfort and convenience during work trips.
CGC President and Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak mentioned, Over the last 10 years, the Alliance Bank-CGC strategic partnership has delivered a remarkable total Portfolio Guarantee (PG) of RM3.2 billion, dedicated to supporting the unserved and underserved MSMEs.
The most recent PG totalling RM550 million which was launched on 27 May 2024, further
demonstrates our joint commitment to promote the growth and development of Malaysian MSMEs.
