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Best Credit Card for Low Income

If your income is not high enough to fetch you a top-class credit card, you don’t have to worry. You still can get a good credit card that is designed for people with low income. Generally, an annual income of RM24,000 is considered to be lowest income that can qualify you for a credit card.

Here is a compilation of various credit cards from different banks in Malaysia that consider low-income earners.

Best Credit Cards for Low Income

BBazaar's Best Credit Cards for Low-Income Earners of 2019

Updated on 17th January 2019

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Here are the Best Credit Cards for Low Income Earners in Malaysia 2019

Updated on 17th January 2019

Card Name
Minimum Income Criteria
Financial Charges
Annual Fee
Know More

RM24,000.

(Minimum Income Criteria)

12% p.a. to 17.5% p.a.

(Financial Charges)

Principal card: Waived for life

Supplementary card: Waived for life

(Annual Fee)

RM24,000 p.a.

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Principal card: RM68

Supplementary card: RM20

(Annual Fee)

RM24,000 p.a.

(Minimum Income Criteria)

11% p.a. to 13.5% p.a.

(Financial Charges)

Principal card: Waived for life

Supplementary card: Waived for life

(Annual Fee)

RM24,000 p.a.

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Minimum Income Criteria)

Principal card: No annual fee

Supplementary card: No annual fee

(Annual Fee)

RM24,000 p.a.

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Principal card: Waived for life

Supplementary card: Waived for life for the first 3 cards.

(Annual Fee)

RM24,000

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Waived for both principal and supplementary cards

(Annual Fee)

RM30,000 p.a

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Waived for both principal and supplementary cards

(Annual Fee)

RM24,000.

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Waived for both principal and supplementary cards

(Annual Fee)

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed upon card renewal and new card sign up.

AFFINBANK Visa Basic Card

Card Name
Minimum Income Criteria
Financial Charges
Annual Fee
Know More

RM24,000.

(Minimum Income Criteria)

12% p.a. to 17.5% p.a.

(Financial Charges)

Principal card: Waived for life

Supplementary card: Waived for life

(Annual Fee)

The AFFINBANK Visa Basic Card offers attractive rebates on your retail transactions. You will also get a complimentary insurance coverage when you sign up for this card.

Key Benefits

  • Earn up to 5.5% rebates on your retail transactions.
  • Enjoy 20 days interest-free period on your retail shopping.
  • Comes with a complimentary insurance package of up to RM250,000.
Additional Points Description
How To Use It
  • Use your AFFINBANK Visa Basic card while shopping at retail stores.
  • Swipe your card at partner outlets to enjoy interest-free shopping.
  • Use your card to book flight tickets and access the complimentary insurance coverage.
Good About It
  • Enjoy flexible interest rates on your instalments with the Easy Instalment Plan (EiPlan).
  • Transfer your balance from other cards at a low upfront fee of 2%.
Keep In Mind
  • The 12% interest fee is only available when you pay your outstanding bills on time.
  • 0% interest fee is only applicable for your transactions at Affin Bank’s partner outlets.  
  • The 20 days interest free period will be applicable when you clear all your current bills on the due date.  
  • You can access the complimentary travel insurance coverage only when you pay for your flight ticket with the AFFINBANK Visa Basic Card.

Who Should Get It?

  • Those who use their credit card for shopping at retail stores.
  • Those who frequently book flight tickets with their credit cards.

Alliance Bank Classic Card

Card Name
Minimum Income Criteria
Financial Charges
Annual Fee
Know More

RM24,000 p.a.

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Principal card: RM68

Supplementary card: RM20

(Annual Fee)

Alliance Bank Classic Card comes with exclusive benefits for your entertainment transactions. It also offers Timeless Bonus Points, Airline Miles Redemption facility, Cash advance withdrawal facility, and more.

Key Benefits

  • Enjoy 1 Timeless Bonus Point for every RM1 on your domestic, and overseas retail transactions.
  • Comes with exclusive privileges at partner stores.
  • Pay 0% interest fee on instalments.
  • Redeem Enrich Miles, and AirAsia Big Points on airline bookings.
Additional Points Description
How To Use It
  • Use your Classic Card at participating retail stores to access exclusive discounts.
  • Swipe your card to book airline tickets.
  • Spend RM5,000 a year to enjoy annual fee waiver.
  • Use your card at any retail store to earn Timeless Bonus Points.
Good About It
  • Enjoy cash advance facility of up to 100% of your current credit limit.
  • Earn Timeless Bonus Points on every transaction regardless of the spend category.
  • The card is recognized, and accepted everywhere across the globe.
  • Enjoy 20 days interest free period on your retail shopping.
Keep In Mind
  • The annual fee waiver is only applicable if you swipe your card twelve times, or spend at least RM5000 within a 12 month period.
  • 0% interest fee can only be claimed from participating retail outlets.
  • 20 days interest free period on your retail transactions will only be applicable when you pay your monthly dues on time.

Who Should Get It?

  • Those who splurge on retail items with their credit cards.
  • Those who book flight tickets with their cards.
  • Those who use their credit card for overseas travel, and shopping.

BSN Classic Credit Card

Card Name
Minimum Income Criteria
Financial Charges
Annual Fee
Know More

RM24,000 p.a.

(Minimum Income Criteria)

11% p.a. to 13.5% p.a.

(Financial Charges)

Principal card: Waived for life

Supplementary card: Waived for life

(Annual Fee)

The BSN Classic Credit Card offers plenty of rewards, rebates, privileges, air miles, and more. When you sign up for this card, you will also be eligible for the balance transfer program, and the cash advance facility.

Key Benefits

  • Enjoy 1x Happy Point on your local retail transactions.
  • Earn 2x Happy Points on your overseas retail transactions.
  • Unlock special dining deals at partner outlets.
  • Shop from any store, and enjoy 0% interest fee on instalments for up to 24 months.
Additional Points Description
How To Use It
  • Use your BSN Classic Credit Card at any retail store for Happy Points.
  • Swipe your BSN Zing PLUSMiles Card at selected highways for 5% toll rebates on every RM100 you spend.
  • Use your card at partner restaurants to receive exclusive deals on dining.
Good About It
  • Earn Happy Points for every RM1 you spend on local, and overseas retail purchases.
  • Consolidate all your outstanding balances to the BSN Classic Credit Card at 0% interest fee.
  • Enjoy free insurance coverage of up to RM300,000.
Keep In Mind
  • You can only earn 1x and 2x Happy Points on retail transactions.
  • The 0% interest free instalment plan can be accessed by paying a one-time upfront fee.
  • You can access the 5% toll rebates on PLUS, ELITE, and LINKEDUA highways.
  • The travel insurance coverage will only be applicable when you book your flight tickets with the BSN Classic Credit Card.

Who Should Get It?

  • Those who frequently shop at retail stores with their credit card.
  • Those who use their cards for dining, and entertainment.
  • Those who frequently book flight tickets with their card.

OCBC Titanium MasterCard (Blue/Pink)

Card Name
Minimum Income Criteria
Financial Charges
Annual Fee
Know More

RM24,000 p.a.

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Minimum Income Criteria)

Principal card: No annual fee

Supplementary card: No annual fee

(Annual Fee)

The OCBC Titanium MasterCard (Blue/Pink) offers amazing rewards on your everyday retail, travel, and dining transactions. The card also offers attractive rebates on your online, and overseas purchases.

Key Benefits

  • Enjoy 1% rebate on online, and overseas purchases.
  • Earn 0.1% rebate on retail transactions.
  • Enjoy attractive rewards on your retail, and dining transactions.
  • Retail spends, and rebates aren’t capped.
Additional Points Description
How To Use It
  • Swipe your card at shopping outlets for attractive rebates.
  • Use your card to unlock exclusive privileges on dining, and shopping.
Good About It
  • Enjoy interest free period of 20 days on all your retail transactions.
  • Utility, and service bills are automatically charged every month.
  • Attractive rebates on regular transactions.
Keep In Mind
  • The interest free period is only applicable when you settle your monthly dues on time.
  • 1% rebate is only applicable for retail transactions.

Who Should Get It?

  • Those who use their cards for online shopping, and overseas shopping.
  • Those who want to avoid late fees on their instalments, and monthly bills.

AmBank Gold Credit Card

Card Name
Minimum Income Criteria
Financial Charges
Annual Fee
Know More

RM24,000 p.a.

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Principal card: Waived for life

Supplementary card: Waived for life for the first 3 cards.

(Annual Fee)

Enjoy rewards whenever you shop with the AmBank Gold Credit Card. You can use the AmBonus Points to make direct payments at participating outlets in Malaysia.

Key Benefits

  • Get 1 AmBonus Point for every RM1 spent.
  • Get protection for you and your family with travel insurance coverage of up to RM500,000 when you book flight tickets with the card.
Additional Points Description
How to Use It
  • Pay for all your expenses with the card and earn AmBonus Points.
  • Redeem the Rewards Points for items and vouchers from the bank catalogue.
  • Use the reward points for transactions at participating outlets.
Good about It
  • Redeem your reward points at all participating outlets with the AmBonus On-the-Spot Redemption programme.
  • Pay in instalments with no interest for your expenses with the Easy Payment Plan for up to 24 months.
  • Set standing instructions and pay your bills on time with the AmBillPay service.
Keep in Mind
  • Annual fees of RM188 will be charged from the fourth supplementary card onwards.
  • AutoBillPay service is available for Tenaga Nasional Berhad, Astro, Zurich Insurance, Allianz Insurance, and MCIS Insurance.

Who Should Get It

  • If you are looking for a card with good rewards on all transactions.
  • If you are a frequent traveller.

CIMB Platinum Credit Card

Card Name
Minimum Income Criteria
Financial Charges
Annual Fee
Know More

RM24,000

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Waived for both principal and supplementary cards

(Annual Fee)

Every transaction you make with the CIMB Platinum Credit Card earns you reward points. You can also travel peacefully with the travel insurance offered.

Key Benefits

  • Get 1 Bonus Point for every RM1 spent on transactions.
  • Enjoy convenient instalments of up to 36 months at no interest with the CIMB 0% Easy Pay programme.
Additional Points Description
How to Use It
  • Use your card for making transactions at various merchant and retail outlets.
  • Earn Bonus Points on your spends.
  • Use the reward points to redeem items and vouchers from the bank catalogue.
Good about It
  • Use reward points to make payments at participating retailers through the Pay with Points programme.
  • Travel without worry with insurance coverage of up to RM1 million when you buy flight tickets with the card.
  • Get access to a host of offers and privileges under the CIMB Credit Card Privileges programme.
Keep in Mind
  • You need to pay RM10 for replacing the card.
  • In case of late payments, you will be charged 1% of the total outstanding amount as late fees.

Who Should Get It

  • If you are looking for a card with an easy instalment plan.
  • If you are looking for rewards on a variety of transactions.

Maybank 2 Gold Cards

Card Name
Minimum Income Criteria
Financial Charges
Annual Fee
Know More

RM30,000 p.a

(Minimum Income Criteria)

15% p.a. to 18% p.a.

(Financial Charges)

Waived for both principal and supplementary cards

(Annual Fee)

Enjoy benefits of two cards when you sign up for Maybank 2 Gold Cards. You also get TreatsPoints and cashback on various transactions.

Key Benefits

  • Get 5x TreatsPoints on transactions made with the Maybank 2 American Express card.
  • Enjoy 5% weekend cashback on transactions with the Maybank 2 American Express Card.
Additional Points Description
How to Use It
  • Use the cards for different retail and other transactions.
  • Get reward points on the payments.
  • Redeem the reward points for items and vouchers from the bank catalogue.
Good about It
  • Earn 1x TreatsPoints on spends with Maybank 2 Mastercard/Visa Card.
  • Get 50% discount for two diners at SPG Hotels and Resorts in Malaysia.
Keep in Mind
  • There is cap of RM50 per customer per month on the weekend cashback offer.
  • There are no TreatsPoints on transactions with government bodies, JomPAY bills, and FPX payments.
  • You can earn 1x TreatsPoints for transactions at educational institutions, insurance payments, utility payments, and 0% EzyPay.

Who Should Get It

  • If you are looking for a card with good rewards on utility payments.
  • If you shop frequently on weekends.

Citi Simplicity+ Card

The Citi Simplicity+ Card offers returns on investment when you make timely payments. You also won’t have to worry about over limit or late payment fees.

Key Benefits

  • Enjoy 10% interest returns on your expenses and cash advances when you pay the minimum monthly amount on time.
  • No late payment charges on delay of payments.
Additional Points Description
How to Use It
  • There are no additional charges to be paid if you exceed the limit of the card.
  • Get access to Citi World Privileges programme and enjoy offers and benefits for various merchants across Malaysia and abroad.
Good about It
  • You can pay for your mobile and internet bills through the Citi website.
  • You can activate Citi Alerts for your transactions.
Keep in Mind
  • You will not get the 10% interest returns on expenses if your payment is late.
  • An interest of 18% p.a. daily interest will be charged on the cash advance on this card.

Who Should Get It

  • If you are looking to make savings on all credit card transactions.
  • If you are regular on your payments.

How to Choose the Best Credit Card for Low Income Individuals?

You can apply for credit cards from leading banks even when your yearly income is on the lower side. However, before applying, do ensure that you meet the eligibility requirements for your chosen card. If your yearly income is around RM24,000 it is always better to opt for a card that has no or minimum annual fee. Certain cards also offer a lifetime annual fee waiver.

Regardless of the perks, always check for the entire set of terms to avoid any hidden charges in the long run. Also, if your card waives the annual fee for the first year, check the fee for the subsequent year, and see if you can afford it. You should also consider the finance charges, rewards, and cashback offered by your preferred card. Finally, compare your options, and choose a card that perfectly works according to your lifestyle.

Review

While each of these featured cards come with attractive benefits, the Citi Simplicity+ Card stands out from the others. This card doesn’t waive any annual fee, late payment fee, or over limit fee. Additionally, you can also claim plenty of privileges on dining, and travel depending on your current location.

Illustration

Let us consider you’re a Tier 1 customer with an outstanding bill of RM800. Since the finance rate for Tier 1 customers is 15%, your interest fee on RM800 will be RM120. However, as Citi Simplicity+ offers 10% cashback on the interest amount, you’ll get RM12 as your monthly cashback. Do note that that you’ll have to pay 5% of your credit card cash advance or RM20 (whichever is higher) in the following month. Since your outstanding amount is RM800, your cash advance will be RM40. Therefore, you’ll be required to pay RM160 in the following month.

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*Terms & Condition to get Gift Card Worth RM200 from Lazada or Ikea

Apply for your new credit card through BBazaar and stand a chance to win a gift voucher on approval. You can get a gift card worth RM200 from either Ikea or Lazada. The offer is valid on credit card applications made between 19 December 2018 and 31 January 2019, and applies to any of the following cards.

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  • Standard Chartered Visa Platinum
  • Standard Chartered Platinum MasterCard Basic
 

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Win an Ikea voucher worth RM500 when you apply and get approval for a new credit card through BBazaar. The exclusive deal is valid from 19 December 2018 to 31 January 2019, and is applicable when you apply for any of the following credit cards.

Alliance Bank Credit Cards Citibank Credit Cards Standard Chartered Credit Cards
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  • Alliance Bank Platinum Credit Card
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  • Standard Chartered Priority Banking Visa Infinite Credit Card
  • Standard Chartered WorldMiles World MasterCard
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