• Best Lowest Interest Rate Credit Cards

    A credit card offering low interest rates helps you to cut down on the costs that you pay as interest. With a low-interest rate credit card, you can save a considerable amount of money while making your purchases and transactions using the card. Take a look at some of the top credit cards listed below that offer you low interest rates in Malaysia:

    List of Top Low Interest Rate Credit Cards in Malaysia

    Card Name Interest Rate Interest-Free Period Annual Fee
    Maybank 2 Gold 15% to 18% p.a. 20 days from the date of statement Waived for life
    Affin Bank World Mastercard 12% to 18% p.a. 20 days from the date of statement Waived for the first year RM530 for subsequent years
    AmBank TRUE VISA 7.99% to 18% p.a. 20 days from statement date Waived for life
    BSN Al-Aiman Classic 11% p.a. to 17.5% p.a. (for government and private employees) 20 days from statement date Waived for life
    Alliance Bank You:nique Card 9% p.a. 20 days from statement date Waived for first 3 years
    Bank Islam Gold and Classic Credit Card-i 13.5% to 17.5% p.a. 20 days from the posting date Annual fee waived for the whole 3-year contract

    Top Low Interest Rate Credit Cards in Malaysia

    Maybank 2 Gold Credit Card

    Key benefits:

    • Earn 5x TreatsPoints on all your expenditures using the Maybank 2 American Express card internationally.
    • Get 1x TreatsPoints on all you expenditures using your Maybank 2 Mastercard/Visa Card.
    • Enjoy up to 5% cashback on weekends using your Maybank2 American Express Card.
    • Obtain up to 50% discounts on your dining transactions at SPG Hotels and Resorts.

    Eligibility criteria:

    • Age criteria: 21 to 65 years
    • Income criteria: Minimum RM30,000 p.a. (for Malaysian citizens) and RM60,000 p.a. (for expats)

    Affin Bank World MasterCard Credit Card

    Key benefits:

    • Get 1x AFFIN Rewards Points for every RM1 spent on retail purchases.
    • Enjoy cash advance withdrawal facility up to 70% of your credit limit.
    • Get a complimentary travel and personal accident cover up to 1 million.
    • Enjoy 2 free visits to Priority Pass Lounges across the world in a year.

    Eligibility criteria:

    • Age criteria: Minimum 21 years
    • Income criteria: Minimum RM80,000 p.a.

    AmBank TRUE VISA Credit Card

    Key benefits:

    • Enjoy up to 3% cash rebates on your online purchases.
    • Obtain a balance transfer facility at 0% interest rate for up to 12 months.
    • Enjoy interest free instalment payments for up to 24 months with the Easy Payment Plan.

    Eligibility criteria:

    • Age criteria: Minimum 21 years
    • Income criteria: Minimum RM36,000 p.a.

    BSN Classic Card-i (BSN Al-Aiman Classic Credit Card)

    Key benefits:

    • Enjoy a complimentary BSN Zing PLUSMiles Card with your credit card.
    • Earn reward points on every ringgit you spend on the card, and redeem those points for gifts and merchandises.
    • This card has worldwide acceptance.
    • Get an automatic travel and accident Takaful cover up to RM300,000 when you charge your full ticket to the card.

    Eligibility criteria:

    • Age criteria: Minimum 21 years old
    • Income criteria: Minimum RM24,000 p.a.

    Alliance Bank You:nique Card

    Key benefits:

    • Choose to display your own photo or any picture of your choice on the card.
    • Enjoy monthly cash rebates up to 3% on all your retail purchases including petrol, groceries, etc.
    • Earn 2x Timeless Bonus Points (TBP) on every ringgit that you spend using the card.

    Eligibility criteria:

    • Age criteria: Minimum 21 years

    Bank Islam Gold and Classic Credit Card-i

    Key benefits:

    • The profit margin is fixed for the entire contract tenure of the credit card.
    • Get free takaful cover of up to RM100,000 on your outstanding balances and funeral expenses.
    • The card is accepted across the globe.
    • You can withdraw cash up to 50% of your financing limit.

    Eligibility criteria:

    • Age criteria: Minimum 21 years
    • Income criteria: RM24,000 p.a.

    FAQs on Lowest Interest Rate Credit Cards

    Q. How can I reduce my applicable interest rates on my credit card?

    A. Bank Negara Malaysia has regulated tiered interest rates on Malaysian credit cards. Tier 1 offers you the lowest possible interest rates if you settle your minimum payments promptly for a successive period of 12 months. Hence, to pay a low interest-rate, you should make your payments within the set deadline.

    Q. Can I apply for a low interest credit card online?

    A. Most banks in Malaysia provide an online application facility for a credit card. You can go to the official website of the bank of your choice and fill in the online application form. You will get a call from the a bank representative who will help you to apply for a card.

    Q. If I have a low interest credit card, can I apply for a balance transfer plan on the same card?

    A. Yes, you can enrol for a balance transfer plan on your credit card. You are advised to check the offered interest rates for the balance transfer facility before obtaining the plan.

    Q. Will a bank check my credit score before granting me a credit card with lower interest rates?

    A. Yes. Any bank will assess your credit score whenever you apply for a credit card irrespective of the type of credit card you are selecting.

    Q. Can I get a supplementary credit card for an individual who is less than 21 years old?

    A. Yes. A supplementary credit card is usually given to an individual who is minimum 18 years old. Check with the bank for terms and conditions related to supplementary cards before you opt for one.

    If you are looking for a credit card that you can obtain even with a low income, these details about various cards offered by top banks in Malaysia will help you to make a better choice. If you are interested in other cards, check the best no annual fee cards or the best balance transfer cards.

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