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Best Lowest Interest Rate Credit Cards

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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.

BBazaar's Best Low Interest Rate Credit Cards of 2019

Updated on 21st January 2019

Credit Card Interest Rate
Bank Islam Visa Infinite Credit Card-i 13.5% p.a. to 17.5% p.a.
BSN Al-Aiman Platinum Credit Card 11%p.a. to 17.5%p.a.
Alliance Bank You:nique Rates Card 9% to 18% p.a.
Bank Rakyat Gold Credit Card-i

13%p.a. to 17%p.a.

AmBank TRUE VISA Credit Card

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

Here are the Best Low Interest Rate Credit Cards in Malaysia 2019

Updated on 21st January 2019

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

13.5% p.a. to 17.5% p.a.

(Interest Rate)

20 days from the date of the statement.

(Interest-Free Period)

Principal card: RM777.

Supplementary card: RM333.

Annual fees are waived when you make a minimum of 12 transactions each month.

(Annual Fee)

11%p.a. to 17.5%p.a. (for government employees)

13.5%p.a. to 17.5% p.a. (for private employees)

(Interest Rate)

20 days from the date of the statement.

(Interest-Free Period)

Principal card: Waived for life.

Supplementary card: Waived for life.

(Annual Fee)

9% to 18% p.a.

(Interest Rate)

20 days from the date of statement.

(Interest-Free Period)

Principal card: RM148.

Supplementary card: RM30.

(Annual Fee)

13%p.a. to 17%p.a. (for Bank Rakyat shareholders)

13.5%p.a. to 18%p.a. (for others)

(Interest Rate)

None

(Interest-Free Period)

Principal card: Waived for life.

Supplementary card: Waived for life.

(Annual Fee)

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

(Interest Rate)

20 days from the date of statement.

(Interest-Free Period)

Principal card: No charges.

Supplementary card: Waived for the first three cards.

(Annual Fee)

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Alliance Bank You:nique Rates Card

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

9% to 18% p.a.

(Interest Rate)

20 days from the date of statement.

(Interest-Free Period)

Principal card: RM148.

Supplementary card: RM30.

(Annual Fee)

Alliance Bank You:nique Rates Card comes with a low-interest rate of just 9% p.a. You also have the option to personalize it with your picture or any other image of your choice!

Key Benefits

  • Enjoy a low-interest rate of just 9% p.a. on your credit card balance.
  • Continue to make your credit card payment on time and enjoy the same low-interest rate.
  • Customise your card with your picture or any other image of your choice.
  • When it’s time to renew your card, you have the option to change the image.
Additional Points Description
How to Use It
  • Use your Alliance Bank You:nique Rates Card to carry out retail transactions.
  • Make your credit card payment on time and enjoy a low retail interest rate.
Good about It
  • The annual fee of this card is waived for the first three years.
  • The minimum income requirement is just RM24,000 p.a.
  • Not just the principal cardholder, the supplementary cardholder can also customise their card.
Keep in Mind
  • This is a basic credit card. You don’t get any rewards or cashback when you carry out transactions using this card.
  • You need to make your credit card payment on time, else you could be charged up to 18% p.a. depending on your payment history.

Who Should Get It

  • Those who want a credit card that comes with a low-interest rate.
  • Those who make their credit card payment promptly.

AmBank TRUE VISA Credit Card

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

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

(Interest Rate)

20 days from the date of statement.

(Interest-Free Period)

Principal card: No charges.

Supplementary card: Waived for the first three cards.

(Annual Fee)

AmBank TRUE VISA Credit Card is ideal for those who shop online regularly. The card also comes with an excess limit service facility, giving you the option to spend more than your credit limit. This card comes with a very low retail interest rate of 7.99% p.a.

Key Benefits

  • The retail interest rate of this card is as low as 7.99% p.a.
  • Get 3% cash rebate when you shop online.
  • Use the Excess Limit Service facility if you want to spend more than the available credit limit.
  • Enjoy interest-free instalment payments on a range of products using the Easy Payment Plan.
  • Use the AutoBillPay facility to make utility bill and insurance premium payments.
  • New cardholders can enjoy 0% balance transfer facility for up to 1 year.
Additional Points Description
How to Use It
  • Use your AmBank TRUE VISA Credit Card for carrying out online transactions to earn cashback.
Good about It
  • You get cashback whenever you shop online.
  • The minimum income requirement of the card is just RM36,000 p.a.
Keep in Mind
  • The cash rebate earned for online purchases is capped at RM30 per month.
  • You won’t earn cashback when you carry out retail transactions.

Who Should Get It

  • Those who shop online.
  • Those who are looking for a credit card that comes with a low-interest rate.

Bank Islam Visa Infinite Credit Card-i

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

13.5% p.a. to 17.5% p.a.

(Interest Rate)

20 days from the date of the statement.

(Interest-Free Period)

Principal card: RM777.

Supplementary card: RM333.

Annual fees are waived when you make a minimum of 12 transactions each month.

(Annual Fee)

This is a Shariah-compliant card with a range of travel-related benefits. With free access to airport lounges and travel takaful, this card can be a great companion when you are travelling.

Key Features

  • The profit rate starts as low as 13.5%p.a.
  • Get a financing limit of up to three times your monthly salary.
  • Get 1 Trupoint for every RM1 spent on retail transactions.
  • There are no joining fees for the card.
  • Get complimentary access to airport lounges in Malaysia and Singapore.
  • Withdraw cash of up to 50% of your financing limit of the card.
  • Get access to special offers and discounts when you use the Mail Order Telephone Order (MOTO) and Easy Payment Scheme.
Additional Points Description
How to Use it
  • Use the card for all your retail purchases.
  • Get 1 Trupoint for every RM1 spent with the card.
  • Redeem the points for items, vouchers and air miles from the bank’s catalogue.
  • Enjoy complimentary travel takaful and airport lounge access when you use the card to buy flight tickets.
Good About it
  • You do not need to pay annual fees when you have made a minimum of 12 transactions in a year.
  • Travel safe with a takaful cover of up to RM2 million.
  • There are no compounding finance charges when you use the card.
  • Pay low cash withdrawal fees of 2.5% when you take out money from ATMs.
  • Get 40% discount on will writing fees.
Keep in Mind
  • The card is based on the Tawarruq concept and has a contract period of 3 years.
  • You will be eligible to get travel takaful on your flight tickets when you pay for all the tickets with the card.

Who Should Get It

  • Those who are looking for an Islamic card with low profit rates.
  • Frequent flyers.

BSN Al-Aiman Platinum Credit Card

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

11%p.a. to 17.5%p.a. (for government employees)

13.5%p.a. to 17.5% p.a. (for private employees)

(Interest Rate)

20 days from the date of the statement.

(Interest-Free Period)

Principal card: Waived for life.

Supplementary card: Waived for life.

(Annual Fee)

Enjoy exclusive benefits, rewards, and other offers with the Platinum Privileges programme with the BSN Al-Aiman Platinum Credit Card. There are no annual fees on the card.

Key Benefits

  • Pay zero annual fees when you use the card.
  • Enjoy up to 2x Happy Points when you pay with the card.
  • Get the BSN Zing PLUSMiles Card for free when you apply for the card.
  • Enjoy low profit rates when you sign up for the balance transfer programme.
Additional Points Description
How to Use it
  • Use the card for all your Shariah-compliant purchases.
  • Get Happy Points on the purchases.
  • Redeem the points for special merchandise, discounts, and air miles from the bank’s catalogue.
  • Pay a low profit at the end of the month on your outstanding balance.
Good About it
  • Convert the earned reward points into Enrich air miles.
  • Low management fees.
Keep in Mind
  • You can apply for a maximum of 5 supplementary cards, which can be extended to your spouse, children or immediate family.
  • The card has a minimum annual requirement of RM48,000 p.a.

Who Should Get It

  • Those who want more privileges in shopping, dining, and other benefits with their credit card.
  • Those who want the convenience of rewards points on a wide range of transactions.

Bank Rakyat Gold Credit Card-i

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

13%p.a. to 17%p.a. (for Bank Rakyat shareholders)

13.5%p.a. to 18%p.a. (for others)

(Interest Rate)

None

(Interest-Free Period)

Principal card: Waived for life.

Supplementary card: Waived for life.

(Annual Fee)

This is an Islamic credit card that offers low profit rates for its shareholders. The card also comes with easy instalment payment facility and a no mark-up cost for overseas transactions.

Key Features

  • Profit rates as low as 13% p.a. for Bank Rakyat share members, and 13.5% p.a. for non-Bank Rakyat share members.
  • No annual fees are applicable on the card.
  • Enjoy 1 Rakyat Reward point for every RM10 spent on the card.
  • Get free takaful cover and “Khairat Kematian” for you and your family when you use the credit card.
  • Pay for your retail transactions in easy instalments with the 0% Instalment Plan facility.  
Additional Points Description
How to Use it
  • Use the card to pay for your retail transactions.
  • Pay low profit rates on your payments, based on whether you are Bank Rakyat share member or not.
  • Enjoy Rakyat Rewards points on the transactions.
  • Be protected with the family takaful plan which is complimentary on the card.
Good About it
  • Enjoy zero mark-ups on your overseas transactions.
  • No compounding element when calculating the finance charges of the card.
  • Get profit rebates for up to 3 years on AutoDebit facility, Good Paymaster, and other Bank Rakyat financing facilities.
  • Enjoy discounts on the bank’s Mail Order/ Telephone Order programme.
Keep in Mind
  • The card has an annual income requirement of RM36,000 p.a.
  • The Rakyat Reward points can only be converted to cash at the rate of RM0.10 per 10 points.

Who Should Get It

  • Those who want a lower profit rate on their credit card payments.
  • Those who want reward points and cashback on their purchases.

How to Choose the Best Low-Interest Rate Credit Card

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

Review

Bank Rakyat Gold Credit Card-i

Among all the low-interest cards listed above, the Bank Rakyat Gold Credit Card-I offers a considerably low profit rate - as low as 13%p.a. for non-Bank Rakyat share members. But do not worry if you are not a Bank Rakyat share member. Non-share members also enjoy a profit rate of 13.5%p.a. when they make regular payments.

Other than the low profit rate, you would also get to enjoy reward points with all transactions. For every RM10 spent, you will get 1 Rakyat Rewards Points. The points can be redeemed for cash at the end of the month. This feature makes the card profitable for all types of transactions. You can consider applying for the card if you want a no-frills card with good benefits on all types of transactions.

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