Best No Annual Fee Credit Cards in Malaysia
Compare Cards from Malaysia's Top Banks with No Annual Fee
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Track your carbon footprintMaybank myimpact Visa Signature Credit Card
Maybank myimpact Visa Signature Credit Card
- Min. Monthly Income
- RM 3,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Track your carbon footprint with Malaysia's first built-in carbon calculator card, and earn 8% cashback on ESG-friendly spending.
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Earn more GrabRewardsMaybank Grab Mastercard Platinum
Maybank Grab Mastercard Platinum
- Min. Monthly Income
- RM 2,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Earns GrabRewards Points on Grab spend, with zero annual fee for life.
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6% Cashback on Travel & DiningRHB World MasterCard Credit Card
RHB World MasterCard Credit Card
- Min. Monthly Income
- RM 6,667 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Travel and dining rewards with the RHB World Mastercard Credit Card
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Up to 10x points!RHB Rewards Visa Credit Card
RHB Rewards Visa Credit Card
- Min. Monthly Income
- RM 2,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
A Visa rewards card that earns you 10x LoyaltyPlus points at the cinema, 4x overseas, and 3x online, plus complimentary golf perks.
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8% petrol cashback!Maybank Islamic Petronas Ikhwan Visa Platinum Card-i
Maybank Islamic Petronas Ikhwan Visa Platinum Card-i
- Min. Monthly Income
- RM 5,000 / month
- Profit Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Shariah-compliant card with 8% cashback at PETRONAS on weekends and 1% on weekdays.
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Cashback & TreatsPointsMaybank Visa Signature
Maybank Visa Signature
- Min. Monthly Income
- RM 5,833 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
5% cashback on petrol and groceries, plus 5x TreatsPoints on overseas retail spend.
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Unlimited cashbackMaybank American Express Cash Back Gold
Maybank American Express Cash Back Gold
- Min. Monthly Income
- RM 2,500 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Earn unlimited 1.5% cashback on every purchase made overseas, and 1% cashback on local transactions, without any minimum spend required.
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For FC Barcelona fans!Maybank FC Barcelona Visa Signature
Maybank FC Barcelona Visa Signature
- Min. Monthly Income
- RM 4,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
1% cashback on retail spend plus 5% off at FCBotiga, Camp Nou. No annual fee for life.
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Up to 8x points!Petronas Maybank Visa Platinum
Petronas Maybank Visa Platinum
- Min. Monthly Income
- RM 5,000 / month
- Interest Rate
- 15% p.a.
- Annual Fee
- free
- Rewards Rate
- N/A
Earn 8x TreatsPoints on PETRONAS petrol and groceries every weekend. No annual fee.
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Up to 25x TreatsPointsMaybank Islamic World Elite Mastercard Ikhwan
Maybank Islamic World Elite Mastercard Ikhwan
- Min. Monthly Income
- RM 15,833 / month
- Profit Rate
- 15% p.a.
- Annual Fee
- free *
- Rewards Rate
- N/A
Islamic travel card with 25x TreatsPoints overseas and RM2 million takaful coverage.
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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.