Best No Annual Fee Credit Cards in Malaysia
Compare Cards from Malaysia's Top Banks with No Annual Fee
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3X points on overseas spendAFFIN World Mastercard-i
AFFIN World Mastercard-i
- Min. Monthly Income
- RM 6,667 / month
- Profit Rate
- 12% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Earn 3X AFFIN Rewards Points on overseas spend and 1X on local, with 6x airport lounge access and complimentary golf privileges.
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3X Air Miles Points OverseasPublic Bank World MasterCard Credit Card
Public Bank World MasterCard Credit Card
- Min. Monthly Income
- RM 8,333 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Collect air miles faster with the Public Bank World Mastercard Credit Card
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1% Grocery Cashback, IslamicPublic Islamic Bank Gold MasterCard Credit Card-i
Public Islamic Bank Gold MasterCard Credit Card-i
- Min. Monthly Income
- RM 2,000 / month
- Profit Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Halal grocery rewards with the Public Islamic Bank Gold MasterCard Credit Card-i
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Free insuranceBank Islam Visa Platinum Credit Card-i
Bank Islam Visa Platinum Credit Card-i
- Min. Monthly Income
- RM 3,000 / month
- Profit Rate
- 13.5% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Upgrade your shopping and travel experiences with platinum lifestyle privileges, up to 5% cashback, and free travel takaful coverage of up to RM1,000,000.
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Up to 2x Happy PointsBSN Al-Aiman Platinum Credit Card
BSN Al-Aiman Platinum Credit Card
- Min. Monthly Income
- RM 4,000 / month
- Profit Rate
- 13.5% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
2x Happy Points on dining, golf and travel, plus RM300,000 travel Takaful coverage.
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8X Points on Overseas Dining & ShoppingCIMB Preferred Visa Infinite
CIMB Preferred Visa Infinite
- Min. Monthly Income
- RM - / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Exclusive rewards with the CIMB Preferred Visa Infinite Credit Card
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No Annual Fee!BSN Al-Aiman Gold Credit Card
BSN Al-Aiman Gold Credit Card
- Min. Monthly Income
- RM 3,000 / month
- Profit Rate
- 13.5% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Earn 2x Happy Points overseas and 1x locally on this Islamic card with no annual fee.
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Cashback and TravelPublic Bank Visa Business
Public Bank Visa Business
- Min. Monthly Income
- RM - / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Manage your business expenses with the Public Bank Visa Business card. Earn up to 0.8% unlimited cash rebates and give employees a secure credit line.
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Earn points in MYR and CNYICBC Visa Platinum
ICBC Visa Platinum
- Min. Monthly Income
- RM 8,333 / month
- Interest Rate
- 13.5% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Built for higher spenders, this Platinum card lets you earn reward points in both Ringgit and Yuan, with no expiry date.
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Rewards for teachersBSN-Teachers Gold Credit Card
BSN-Teachers Gold Credit Card
- Min. Monthly Income
- RM 2,000 / month
- Interest Rate
- 8.88% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
A card for teachers and MOE employees with an 8.88% p.a. rate and no annual fee for life.
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Compare and Apply For No Annual Fee Credit Cards
What is an annual fee?
An annual fee is a maintenance fee that is charged by the credit card provider i.e. banks.
The actual fee will depend on the bank and may differ depending on the tier of the credit card such as Gold, Platinum, Signature, etc.
Some cards may offer zero annual fees for life, while the more premium credit cards will require an annual fee of usually over RM1,000.
What is a credit card with no annual fee?
It is a type of credit card that is exempt from being charged your usual annual fee, but be sure to read the fine print to see how long the offer is valid for and if there are any terms to this.
A no annual fee credit card will results in savings as you are not required to pay this fee.
On top of that, you will still enjoy its many features and benefits which may include cashback, rewards, or air miles.
How does no annual fee credit card work?
Many credit cards now offer no annual fee for life! Make sure you read the fine print carefully though, as there might be some strings attached: some might just be free for one year, and some may require you to spend a minimum amount per year before you are able to qualify for the zero annual fee.
How does a no annual fee credit card help me save money?
Some of the best credit cards out there have annual fees, but this doesn’t mean that the ones are no good. Likewise, credit card with zero annual fees may still offer generous rewards or cashback and with low rates.
Imagine a card with 3% cashback rebate, but with RM1,000 annual fee, you will need to spend more in order to cover the cost, but with a credit card that requires zero annual fee, you enjoy the benefits right away!
Of course, most of you would prefer a card that does them all, but depending on your credit rating, this card does exist in the market. This is why you should always compare the market and get the best out of it.
What are the best credit cards with no annual fee?
To find the best credit card for you, we recommend using our free comparison tool to find the card that best suits your needs.
Some of the good ones include the Alliance Bank Visa Virtual Credit Card, Maybank Islamic Ikhwan American Express Platinum Card-i, Public Bank Quantum Visa Credit Card, and the RHB World Mastercard Credit Card.
Be sure to review factors like interest rate, value-added benefits and do ensure you meet the minimum requirements to be approved for the credit card.