QUOTE(Human Nature @ Jun 22 2012, 11:56 PM)
I was at Alliance website earlier too but couldnt figure out what does the asterisk stands for. So it is based on tiers. Thanks
• Up to 2.0% cash back* on retail spend
Added on June 23, 2012, 12:05 amJust found the tiering, 2% only start after spending RM2,551 – 5,000

In my previous article titled
Earn Pocket Money with Credit Cards, I have given example on Alliance Platinum cash back based on tiers. If you don't include the reward points, the total cash back for up to RM5K works out to be roughly 1.35% (RM68.70/RM5K) but if you add the reward points, the total equivalent cash back works out to be about 1.8%. The rewards points are evergreen.
QUOTE(MilesAndMore @ Jun 23 2012, 12:26 AM)
Wow, they really won't bug you to come up with more funds once your AUM falls below RM200k and no penalty too ?
No, not a single call from Alliance and RHB and it has been more than 9 months since my AUM dropped to below RM200K. As for penalty, I think only SCB and HSBC impose it. In my article
Credit Card No.8 Fool at RWF, I mentioned that I went to surrender my RHB Premier Debit Card and cancelled my RHB Plat issued via PB but they told me to keep my cards. It seems RHB systems show my RHB Plat card annual fee waive till 2048! And the guy even told me I'll be rewarded with cash back to offset GST once I use the card - but this has yet to materilized. However so far I have been earning the monthly cap of RM50 from their 15% cash back at Imperial Group Restaurants on weekends. So I am happy that I kept the RHB Plat card.
This post has been edited by Gen-X: Jun 23 2012, 12:52 PM