Best No Annual Fee Credit Cards in Malaysia
Compare Cards from Malaysia's Top Banks with No Annual Fee
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Earn up to 12X UNIRMUOB World Card
UOB World Card
- Min. Monthly Income
- RM 5,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Earn up to 12X UNIRM on spend, with complimentary Plaza Premium Lounge access at KLIA1.
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Up to 8% cashback!HSBC Amanah MPower Platinum Credit Card-i
HSBC Amanah MPower Platinum Credit Card-i
- Min. Monthly Income
- RM 8,500 / month
- Profit Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Earn up to 8% cashback on petrol, groceries, and e-wallet spending, with an unlimited 0.2% cashback on all other eligible purchases.
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Auto-IPP instalmentsOCBC Cashflo MasterCard
OCBC Cashflo MasterCard
- Min. Monthly Income
- RM 4,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Auto-converts spend above RM500 into 0% instalments of 3 or 6 months.
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2X Points Overseas, Free for LifeAmBank Visa Platinum Card
AmBank Visa Platinum Card
- Min. Monthly Income
- RM 2,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
No annual fee, more rewards with the AmBank Visa Platinum Card
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2X Points Overseas, No Annual FeeAmBank Islamic Visa Platinum Card-i
AmBank Islamic Visa Platinum Card-i
- Min. Monthly Income
- RM 2,000 / month
- Profit Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Travel benefits without annual fees on the AmBank Islamic Visa Platinum Card
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10X Points on Streaming ServicesUOB Preferred Card
UOB Preferred Card
- Min. Monthly Income
- RM 3,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Everyday lifestyle rewards with the UOB Preferred Card
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Up to 15X Bonus PointsHSBC Premier World Mastercard Credit Card
HSBC Premier World Mastercard Credit Card
- Min. Monthly Income
- RM - / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Exclusively for HSBC Premier holders, this premium credit card maximizes your rewards every time you shop, dine, and travel worldwide.
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Up to 1.5% cashback for SMEsAlliance Bank Visa Infinite Business Credit Card
Alliance Bank Visa Infinite Business Credit Card
- Min. Monthly Income
- RM - / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Earn up to 1.5% cashback, enjoy complimentary lounge access and free up cash flow with 0% payment plans, all built for business owners on the go.
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No annual fees at allAlliance Bank Visa Basic
Alliance Bank Visa Basic
- Min. Monthly Income
- RM 2,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
A basic no-annual-fee credit card with a 0% instalment plan and discounts at participating merchants. Perfect for beginners!
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5X Travel$ on Overseas SpendOCBC 90⁰N Visa Card
OCBC 90⁰N Visa Card
- Min. Monthly Income
- RM 5,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Travel rewards that convert to cash with the OCBC 90°N Visa Card
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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.