Best No Annual Fee Credit Cards in Malaysia
Compare Cards from Malaysia's Top Banks with No Annual Fee
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1x rewards point for all retail spendAFFIN Mastercard Gold-i
AFFIN Mastercard Gold-i
- Min. Monthly Income
- RM 2,000 / month
- Profit Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Get 1x AFFIN Rewards Point for every Ringgit spent and convert to air miles. Enjoy 0% EPP for retail purchases, plus a low-rate balance transfer plan too.
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5% cashback at AEON StoresAEON Member Plus (AMP) Visa Classic Credit Card
AEON Member Plus (AMP) Visa Classic Credit Card
- Min. Monthly Income
- RM 2,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
The AEON Member Plus Visa Classic rewards your shopping at AEON with 5% cashback on the 20th and 28th, plus 3X points and free parking at AEON Malls.
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Free for lifeStandard Chartered Platinum MasterCard Basic
Standard Chartered Platinum MasterCard Basic
- Min. Monthly Income
- RM 8,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Standard Chartered Platinum Mastercard Basic offers lifetime zero annual fees, essential cashless convenience, and flexible reward points on your spend.
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Earn AEON Points + cashbackAEON Member Plus (AMP) Mastercard Classic Credit Card
AEON Member Plus (AMP) Mastercard Classic Credit Card
- Min. Monthly Income
- RM 2,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Every ringgit at AEON earns you points, and every 20th and 28th gets you 5% cashback. Plus, this AMP Mastercard Classic card gets you free parking!
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No annual fee card!Bank Rakyat Gold Credit Card-i
Bank Rakyat Gold Credit Card-i
- Min. Monthly Income
- RM 3,000 / month
- Profit Rate
- 13.5% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Zero annual fee for life, 1 Rakyat Reward Point per RM10, and free Takaful family coverage.
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Low Profit ChargesBSN-UUM Al-Aiman Mastercard Credit Card
BSN-UUM Al-Aiman Mastercard Credit Card
- Min. Monthly Income
- RM 2,000 / month
- Profit Rate
- 9.95% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Made for the UUM community, the BSN-UUM Al-Aiman Mastercard offers profit charges from 9.95% p.a., no annual fee for life and Happy Points rewards.
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Points for travellersAFFIN DUO+ Mastercard
AFFIN DUO+ Mastercard
- Min. Monthly Income
- RM 400 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Earn 3x AFFIN Rewards Points on airlines, hotels and overseas spend with AFFIN DUO+ Mastercard
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2X Points Overseas, No Annual FeeCIMB Visa Signature
CIMB Visa Signature
- Min. Monthly Income
- RM 5,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Travel-friendly rewards with the CIMB Visa Signature Credit Card
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5X Points on Overseas & DiningCIMB Visa Infinite
CIMB Visa Infinite
- Min. Monthly Income
- RM 10,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Premium rewards with the CIMB Visa Infinite Credit Card
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Retail unlimited cashbackCIMB Platinum BusinessCard
CIMB Platinum BusinessCard
- Min. Monthly Income
- RM - / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
The CIMB Platinum BusinessCard rewards you with up to 1.25% unlimited cashback on business spending. Sleek, all-black, and no annual fees 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.