• 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.

    Here are the Best Low Interest Rate Credit Cards in Malaysia 2018

    Updated on 3rd August 2018

    Card Name
    Interest Rate
    Interest-Free Period
    Annual Fee
    Know More

    7.99% p.a. to 18% p.a.

    20 days from the date of statement

    Waived for life

    9% p.a. to 18% p.a

    20 days from the date of statement

    Waived for the first 3 years

    13.5% to 17.5% p.a.

    20 days from the posting date

    Waived for the contract of 3 years for a minimum of 12 transactions each year

    8.88% p.a. to 14% p.a.

    20 days from the date of statement

    Waived for life

    9.95% p.a. to 17.5% p.a.

    20 days from the date of statement

    Waived for life

    AmBank TRUE VISA Credit Card

    This credit card offers you a low-interest rate and gives you cash rebates on your online transactions. Other services such as balance transfer, excess limit service is also available on the credit card

    Key Benefits

    • Get a cash rebate of 3% on your online transactions.
    • Enjoy a 0% Easy Payment Plan for tenures of up to 24 months.
    • Enjoy a balance transfer facility at 0% interest rate for up to 12 months.
    Additional Points Description
    How to Use It
    • Use this card to make retail payments.
    • Use it for your online purchases to earn a cash rebate.
    Good about It
    • You can get first 3 supplementary cards free for lifetime.
    • Access your monthly statements anytime and anywhere via eStatement.
    • Covert your retail transactions into affordable monthly instalments via AmFlexi-Pay.
    Keep in Mind
    • 3% cash rebate is capped at RM30 per month.
    • You need to have an annual income of minimum RM36,000.
    • Your age needs to be at least 21 years to get this card.

    Who Should Get It

    • Those who spend on online purchases.

    Alliance Bank You:nique Card

    With a low interest rate, this card allows you to save more. It also offers you reward points whenever you make a purchase on the credit card.

    Key Benefits

    • Enjoy up to 3% cash rebate on all retail purchases.
    • On the spend of each RM1, earn 2x Timeless Bonus Points (TBP).
    • Obtain an automatic enrolment into the Alliance OneBank Rewards Programme that allows you to earn TBPs on the bank’s other financial products.
    Additional Points Description
    How to Use It
    • Use the card to enjoy the low-interest rate by making prompt monthly repayments.
    • Pay for your retail purchases with this card to earn a cash rebate.
    Good about It
    • You can continue to enjoy a low interest rate of 9% if you pay your applicable instalments promptly.
    • Enjoy an annual fee waiver for the first 3 years.
    • After that, on a minimum spend of RM5,000 or if you swipe the card for at least 12 times within a period of 12 months, you will get an annual fee waiver.
    Keep in Mind
    • TBP is not awarded for transactions related to government services and petrol.
    • 3% cash rebate is given on the minimum monthly spend between RM2,001 and RM3,000.

    Who Should Get It

    • Those who spend often on retail purchases.
    • Those who want to enrol for Alliance OneBank Rewards Program.

    Bank Islam Gold Credit Card-i

    This credit card comes with a contract period of 3 years and it accepts transactions only from ‘Halal’ merchants. You can access various other features and services on the card.

    Key Benefits

    • Emergency cash withdrawal facility is available overseas.
    • Access the customer service facility at anytime.
    • Enjoy easy payment and cash withdrawal at Bank Islam branches and ATMs.
    • Get an annual fee waiver if you swipe the card at least 12 times in a year.
    • Enjoy cash withdrawal facility of up to 50% of your credit limit.
    • The card accepts zakat payments.
    • You can access takaful benefits of up to RM100,000.
    Additional Points Description
    How to Use It
    • Use this card for zakat payments.
    • Use this card for cash advance facility and enjoy competitive fee.
    Good about It
    • No compounding charges are applied.
    • Discounts are given on the Easy Payment Schemes and the Mail Order Telephone Order (MOTO) Programme.
    • A competitive cash withdrawal fee of 2.5% of the amount withdrawn on RM12, whichever is higher.
    • The card comes with a latest SMART Chip Technology.
    • The card comes with worldwide acceptance.
    • The profit margin is fixed throughout the tenure.
    Keep in Mind
    • The card accepts transactions only from ‘Halal’ merchants.
    • The eligible age of entry is from 17 years to 64 years (next birthday).

    Who Should Get It

    • Those who make regular retail purchases.

    BSN-1 Al-Aiman Teachers Mastercard Gold

    This credit card is offers various privileges that are reserved for teachers. This is a Shariah-compliant credit card with a low management fee of 8.88% p.a.

    Key Benefits

    • Enjoy an annual fee waiver for life on both principal and supplementary cards.
    • Enjoy a free BSN Zing PLUSMiles Card and get various discounts and rewards on it.
    • Earn reward points on every Ringgit you spend under the BSN Happy Rewards Programme.
    • Get travel accident and inconvenience benefits up to RM500,000.
    Additional Points Description
    How to Use It
    • Use this card for retail transactions and earn reward points.
    • Use this card to get a fee waiver on YGMB membership registration.
    Good about It
    • The credit card comes with worldwide recognition and acceptance.
    • Access will writing services for as low as RM400.
    • Made payments conveniently through BSN branches, Interbank Giro, SN ATM/CDM, myBSN, or, BSN:SMS.
    Keep in Mind
    • You need to charge your full travel fare to the card to enjoy travel accident inconvenience benefits.
    • You need to be employed at the following: Teachers and employees under the Ministry of Education, Malaysia, lecturers in approved public or private institutions of higher education, teachers of MARA Junior Science College (MRSM).
    • You need to have an annual income of minimum RM24,000.

    Who Should Get It

    • Those who work in the listed organisations.
    • Those who make frequent retail purchases.

    BSN-UUM Al-Aiman Mastercard Platinum Credit Card

    This credit card comes with an annual fee waiver and offer a low management fee of 9.95% p.a. You can also enjoy various payment plans on this card if you are a member of University Utara Malaysia Community

    Key Benefits

    • Principal and supplementary cardholders can enjoy one free BSN-Zing PLUSMiles Card each.
    • Earn Happy Points on every Ringgit you spend.
    • Redeem your earned Happy Points for exciting privileges and gifts under BSN Happy Rewards Programme.
    • Enjoy a free travel takaful coverage of up to RM1,000,000 on your Platinum Card.
    Additional Points Description
    How to Use It
    • Use the card at participating merchants to enjoy various privileges.
    • Obtain BSN Al-Aiman Credit Shield using the card to give a protection to your family after your death.
    Good about It
    • Make convenient payments via BSN branches, interbank GIRO, BSN ATM/CDM, myBSN, and BSN:SMS.
    • 0.3% of your retail card expenses will go to the UUM community that supports various events, and activities.
    • 24-Hours Platinum Concierge Services is provided to the cardholders.
    • Will Writing Services is offered at a low cost of RM400.
    Keep in Mind
    • You must earn a minimum of RM60,000 p.a. to obtain this card.
    • The card is designed for University Utara Malaysia (UUM) Community.

    Who Should Get It

    • Those who spend on overseas retail purchases.

    Credit cards that offer low-interest rates are quite beneficial to build your credit score and save money only any payable interest. Since few cards have exclusive requirements to be eligible, read through all the terms before you apply for a card.

    If you are interested in other types of card, check the best petrol credit cards and the best shopping credit cards

    BBazaar's Best Low Interest Rate Credit Cards of 2018

    Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.

    Credit Card Interest Rate
    AmBank TRUE VISA 7.99% p.a. to 18% p.a.
    Alliance Bank You:nique Card 9% p.a. to 18% p.a
    Bank Islam Gold Credit Card-i 13.5% to 17.5% p.a.
    BSN-1 Teachers Mastercard Gold 8.88% p.a. to 14% p.a.
    BSN-UUM Al-Aiman Mastercard Platinum Credit Card 9.95% p.a. to 17.5% p.a.

    Looking for More

    Pick Up the Other Best Credit Card Category You May Like

    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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