Alliance Financial institution has introduced that it’s revising the conversion price of its Timeless Bonus Factors (TBP) for Enrich Factors, which is about to take impact from 1 October 2022.
Following the revision, Alliance Financial institution’s shoppers will want 10,000 TBP with a purpose to redeem 1,000 Enrich Factors. At current, you’ll be able to redeem the identical quantity of 1,000 Enrich Factors with 6,000 TBP. Right here’s a desk to summarise:
Enrich Factors
Present conversion price
(earlier than 1 October 2022)
New conversion price
(after 1 October 2022) 1,000 Enrich Factors 6,000 TBP 10,000 TBP
In the meantime, the conversion price for 1,000 airasia factors stays unchanged at 3,000 TBP. Alliance Financial institution at present solely provides the redemption of Enrich Factors and airasia factors beneath its “Air Miles” class.
This revision solely applies to the conversion price for Enrich Factors, with the remainder of Alliance Financial institution’s TBP catalogue remaining unchanged. Since Alliance Financial institution’s TBP is evergreen (which implies your factors won’t expire) you have got loads of time to gather your factors to redeem big-ticket objects if air miles are usually not your curiosity.
Alliance Financial institution’s shoppers are capable of earn TBP from a variety of providers and merchandise, together with the financial institution’s bank cards, deposits, loans, and unit belief investments. A few of Alliance Financial institution’s most rewarding rewards factors bank cards to gather TBP embrace the Alliance Financial institution Visa Infinite and Platinum bank cards, which lets you earn as much as 8x TBP for each RM1 spent on chosen purchases.