Grab a credit card that gives you better rewards & more!

Best No Annual Fee Credit Cards Malaysia

BBazaar Exclusive Deals for Credit Card

Enjoy a Free PETRON Gift Voucher of RM 400 & Touch 'N' Go Card of RM100

**Click Here to Check Terms & Condition

Get a Free PETRON Gift Voucher of RM 200 & Touch 'N' Go Card of RM50

**Click Here to Check Terms & Condition

When you consider applying for any credit card, an important factor that lets you gauge the value of its features and benefits is the annual fee. While there are cards that charge you a fee for all the benefits you get, there are other options that provide you with exclusive benefits without charging an annual fee.

Read on for an in-depth look at the best no annual fee credit cards in Malaysia right now. From air miles and cash rebates to discounts and travel perks, there are plenty of benefits that you can get without having to pay any annual fee.

Best No Annual Fee Credit Cards

BBazaar's Best No Annual Fee Credit Cards in Malaysia 2019

Updated on 17th January 2019

Credit Card >Rewards
BSN Platinum Credit Card

Up to 2x Happy Points on retail purchases.

Citi Simplicity+ Card

10% interest rebate per month when you pay the minimum amount per month.

Standard Chartered Visa Platinum Card

Earn 5,000 bonus points every month.

RHB Signature Credit Card Up to 6% cashback on online purchases, entertainment, and shopping.
BSN-1Teachers Mastercard Gold Credit Card

2x Happy Points for overseas spends.

1x Happy Points for local spends.

AmBank Cosway Gold Mastercard

3x Cosway Points for spends at over 850 Cosway stores.

1 Cosway Point for retail transactions.

PB-AIA Visa Gold Credit Card

2% cash rebate for AIA Insurance premium payments

Maybank 2 Platinum Cards

5x TreatsPoints for transactions carried on Maybank 2 American Express Card

1x TreatsPoint for transactions carried on Maybank 2 Mastercard/Visa Card.

CIMB World Mastercard

2 Bonus Points for every RM1 spent overseas.

1 Bonus Point for every RM1 spent locally.

Here are the Best No Annual Fee Credit Cards in Malaysia 2019

Updated on 17th January 2019

Credit Card Name
Rewards Programme
Balance Transfer
Interest Rate (% p.a.)
Know More

10% interest rebate per month when you pay the minimum amount per month.

No late payment fee.

(Rewards Programme)

Up to 11.9% p.a. effective interest rate

(Balance Transfer)

15% to 18% p.a.

(Interest Rate)

Earn 5,000 bonus points every month.

5x points on dining and overseas spends, as well as purchases made at selected departmental store.

1x point on all other local purchases.

(Rewards Programme)

5.99% p.a. for all balance transfer plans.

(Balance Transfer)

15% to 18% p.a.

(Interest Rate)

Up to 6% cashback on overseas and selected local spends.

(Rewards Programme)

7.30% p.a. to 10.22% p.a. effective interest rate.

(Balance Transfer)

15% p.a.-18% p.a.

(Interest Rate)

Up to 2x Happy Points on retail purchases.

Redeem Happy Points for Enrich Miles.

(Rewards Programme)

Starting from 3.60% p.a.

(Balance Transfer)

11% to 17.5% p.a.

(Interest Rate)

3x Cosway Points for spends at over 850 Cosway stores.

1 Cosway Point for retail transactions.

(Rewards Programme)

0% to 4.88% p.a

(Balance Transfer)

15% p.a. -18% p.a.

(Interest Rate )

2% cash rebate for AIA Insurance premium payments

(Rewards Programme)

1.5% to 7% p.a. (upfront fee)

(Balance Transfer)

15% p.a. - 18% p.a.

(Interest Rate)

5x TreatsPoints for transactions carried on Maybank 2 American Express Card

1x TreatsPoint for transactions carried on Maybank 2 Mastercard/Visa Card.

5% cashback weekend purchases made using Maybank 2 American Express Card.

(Rewards Programme)

0.413% to 0.50% per month

(Balance Transfer)

15% p.a. - 18% p.a

(Interest Rate )

2 Bonus Points for every RM1 spent overseas.

1 Bonus Point for every RM1 spent locally.

(Rewards Programme)

5.99% p.a. to 7.99%p.a.

(Balance Transfer)

15% p.a. - 18% p.a

(Interest Rate)

RHB Signature Credit Card

The RHB Signature Credit Card comes with a tiered cashback programme where the rate of cashback is determined based on the total domestic and overseas spends you have made in a calendar month. Get a travel insurance coverage of up to RM600,000 when you charge the entire airfare to your card.

Key Benefits

  • Earn 6% cashback per month when you spend RM3,500 or more on online purchases, entertainment, and shopping in Malaysia.
  • Earn 2% cashback per month if your local spend on the above categories is between RM2,500 and RM3,499.
  • If the local spend is between RM1,000 and RM2,499, you can earn 1% cashback per month.
  • Earn up to 2% cashback per month when you spend overseas.
Additional Points Description
How to Use It
  • Pay for all your local and overseas transactions with the RHB Signature Credit Card.
  • Based on the spent amount, you will earn cashback on entertainment, online purchases, local shopping, and overseas transactions.
Good about It
  • Get a high credit line with the card ranging from RM15,000 up to RM500,000.
  • Enjoy 5x complimentary Plaza Premium Lounge access in Malaysia.
  • Get lifestyle services and trip planning assistance with the Visa International Concierge Service.
Keep in Mind
  • The cashback on local spends is capped at RM30 per category per month.
  • A maximum of RM100 per month can be earned as cashback on overseas spends.
  • Categories, such as charity, petrol, cash advance, and government-related transactions, are not considered for cashback allocation.

Who Should Get It

  • Those who spend on entertainment and online/offline shopping with their card.
  • Those who make overseas transactions using their card.

AmBank Cosway Gold Mastercard

Credit Card Name
Rewards Programme
Balance Transfer
Interest Rate (% p.a.)
Know More

3x Cosway Points for spends at over 850 Cosway stores.

1 Cosway Point for retail transactions.

(Rewards Programme)

0% to 4.88% p.a

(Balance Transfer)

15% p.a. -18% p.a.

(Interest Rate )

If you are looking for a shopping credit card with no annual fees, the AmBank Cosway Gold Mastercard can work for you. The card offers reward points in the form of Cosway Points when you shop at any of the 850 Cosway stores. It also gives you free travel insurance coverage.

Key Benefits

  • Earn 3x Cosway Points when you shop at over 850 Cosway stores, Cosway Pharmacies, or Country Farm Organic Stores.
  • Get 1 Cosway Point for every local and overseas retail transactions.
  • Get complimentary travel insurance coverage of up to RM1 million when you charge your card with the full airfare.
  • Use the card’s AutoBillPay facility to make your monthly payments.
  • Use the Excess Limit Service facility to spend more than your credit limit at a nominal charge.
Additional Points Description
How to Use It
  • Use your card to shop at any of the Cosway stores as well as for other retail transaction’s and earn Cosway Points.
  • Redeem the Cosway Points on-the-spot at any of the 850 + Cosway stores.
Good about It
  • This card offers a 0% balance transfer plan for new cardholders.
  • The minimum annual income requirement of this card is just RM24,000 p.a.
Keep in Mind
  • Cosway Points can only be used for on-the-spot redemption at Cosway and not any other stores.
  • You won’t earn any Cosway Points for charity payments and government-related payments.

Who Should Get It

  • Those who shop frequently at Cosway stores.

PB-AIA Visa Gold Credit Card

Credit Card Name
Rewards Programme
Balance Transfer
Interest Rate (% p.a.)
Know More

2% cash rebate for AIA Insurance premium payments

(Rewards Programme)

1.5% to 7% p.a. (upfront fee)

(Balance Transfer)

15% p.a. - 18% p.a.

(Interest Rate)

PB-AIA Visa Gold Credit Card offers cash rebate when you use if for making AIA insurance premium payments. It also offers cashback when you carry out for retail transactions locally and overseas.

Key Benefits

  • Earn 2% cash rebate when you make AIA Insurance premium payments using your card.
  • Enjoy 0.1% cashback in the form of Cash MegaBonus for local and overseas retail transactions.
  • Open a current account at any of the Public Bank branches without an introducer.
  • Use PBe Service to access banking services anytime you want, anywhere you are.
  • Get 24/7 assistance for any card-related queries.
Additional Points Description
How to Use It
  • Use your PB-AIA Visa Gold Credit Card to pay AIA Insurance Premium and get cashback.
  • Use your card for retail transactions locally or overseas and earn cash rebates.
Good about It
  • The card comes with an interest-free period of 20 days.
  • The minimum income requirement of this card s RM24,000 p.a.
  • You earn unlimited cashback when you carry out retail transactions.
Keep in Mind
  • The cash rebate earned for AIA Insurance Premium payments is capped at RM350 per year.
  • Fuel purchases, AIA transactions, charity payments, and government-related payments are not eligible for earning cashback.

Who Should Get It

  • Those who use their card to make AIA insurance payments.

Maybank 2 Platinum Cards

Credit Card Name
Rewards Programme
Balance Transfer
Interest Rate (% p.a.)
Know More

5x TreatsPoints for transactions carried on Maybank 2 American Express Card

1x TreatsPoint for transactions carried on Maybank 2 Mastercard/Visa Card.

5% cashback weekend purchases made using Maybank 2 American Express Card.

(Rewards Programme)

0.413% to 0.50% per month

(Balance Transfer)

15% p.a. - 18% p.a

(Interest Rate )

When you apply for the Maybank 2 Platinum Cards, you get two credit cards. These are Maybank 2 American Express Platinum Card and Maybank 2 Mastercard/Visa Platinum Card. Each card comes with a range of benefits and privileges.

Key Benefits

  • Get 5x TreatsPoints when you use your Maybank 2 American Express Card for retail spends.
  • Get 1x TreatsPoint when you use your Maybank 2 Mastercard/Visa Card for retail spends.
  • Get 5% cashback for weekend spends made using your Maybank 2 American Express Card.
  • Get 5x TreatsPoints for fuel purchases.
  • Get 1x TreatsPoint for payment made at education institutions, insurance payments, and utility bill payment
  • Enjoy travel insurance coverage of up to RM1 million.
  • Get exclusive dining privileges from participating SPG Hotels & Resorts in Malaysia.
Additional Points Description
How to Use It
  • Use your Maybank 2 Platinum Cards for local and overseas retail spends and earn TreatsPoints.
  • Redeem your earned TreatsPoints with frequent flyer programmes by Malaysia Airlines (Enrich Miles).
Good about It
  • You get high rewards when you use both Maybank 2 Platinum Cards.
  • When you use your Maybank 2 American Express Card for weekend spends, you earn both cashback and TreatsPoints.
  • The minimum annual income requirement of this card is RM60,000 p.a.
Keep in Mind
  • The 5% weekend cashback is capped at RM50 per cardholder per month.
  • The 5x TreatsPoints for fuel purchases are capped at RM500.
  • For fuel purchases above RM500, you will only earn 1x TreatsPoints for every RM1 spent.

Who Should Get It

  • Those who use their card for fuel purchases.
  • Those who shop every weekend.

CIMB World Mastercard

CIMB World Mastercard offers a range of travel-related privileges, including travel insurance coverage and rewards for overseas transactions. You also get discounts and deals from participating merchants when you use this card.

Key Benefits

  • Get 2 Bonus Points for every RM1 spent on overseas retail transactions.
  • Get 1 Bonus Point for every RM1 spent on local retail transactions.
  • Stay protected with travel insurance coverage of up to RM1 million. This includes baggage delays, flight delays, and other travel inconveniences.
  • Enjoy round-the-clock concierge services.
  • Enjoy golfing privileges at participating golf courses.
  • Enjoy airline offers and travel deals with the CIMB Premier Travel Desk facility.
  • Get up to 50% discount on dining at participating dining outlets.
  • Use the Mastercard Global Service facility for card-related queries.
Additional Points Description
How to Use It
  • Shop using your CIMB World Mastercard and earn Bonus Points.
  • Redeem the points earned on a range of exclusive lifestyle products and gift vouchers.
Good about It
  • Get a free Touch ‘n Go Zing Card with this card and enjoy toll rebates.
  • Get exclusive offers and deals on food and beverages.
Keep in Mind
  • The minimum income requirement of this card is RM90,000 p.a.
  • The Bonus Points you earn are valid only for three years.

Who Should Get It

  • Frequent flyers.

Citi Simplicity+ Card

Credit Card Name
Rewards Programme
Balance Transfer
Interest Rate (% p.a.)
Know More

10% interest rebate per month when you pay the minimum amount per month.

No late payment fee.

(Rewards Programme)

Up to 11.9% p.a. effective interest rate

(Balance Transfer)

15% to 18% p.a.

(Interest Rate)

The Citi Simplicity+ Card rewards you for paying payments on time. You can get 10% of the interest you pay as cashback, as well as enjoy a range of exclusive privileges.

Key Features and Benefits of this Card

  • Get 10% cashback on purchases and cash advance.
  • Late payment fee waived off.
  • No fee if you exceed your credit limit.
  • Get maximum credit limit of RM450,000 if you meet the income requirement.
  • Enjoy rewards and discounts at partner merchant outlets across Malaysia.
Additional Points Description
How to Use it
  • Use your Citi Simplicity+ Card to make retail purchases.
  • Make monthly payments on time.
  • Earn 10% cashback on the interest you pay per month.
Good About it
  • There is no cap on the rebate you can earn per month.
  • The rebate you earn will be directly credited to your upcoming statement.
Keep in Mind
  • You are eligible to earn cashback only when you make on your monthly payments on time.
  • The cashback offer is applicable only on the interest rate.

Who Should Get it?

  • Those who want to save on interest rate on retail purchases and cash advances.
  • Those who pay their monthly instalments on time.

Standard Chartered Visa Platinum Card

Credit Card Name
Rewards Programme
Balance Transfer
Interest Rate (% p.a.)
Know More

Earn 5,000 bonus points every month.

5x points on dining and overseas spends, as well as purchases made at selected departmental store.

1x point on all other local purchases.

(Rewards Programme)

5.99% p.a. for all balance transfer plans.

(Balance Transfer)

15% to 18% p.a.

(Interest Rate)

The Standard Chartered Visa Platinum Card offers reward points on dining, shopping, and more. You can also enjoy exclusive privileges at over 4,000 partner outlets across Malaysia.

Key Features and Benefits of this Card

  • Earn 5x points on dining and overseas purchases.
  • Earn 5x points when you shop at selected department stores.
  • Get 1x point on all other local spends.
  • Spend at least RM1,500 per month and get 5,000 bonus points.
  • Redeem your points for travel accessories, home electronics, smartphones, and more.
  • Transfer and repay balance from other credit cards at 5.99% p.a.
  • Convert your big-ticket purchases into easy instalments with the FlexiPay Plus feature.
Additional Points Description
How to Use it
  • Shop at selected department stores and pay for your overseas purchases using your Standard Chartered Visa Platinum Card.
  • Earn reward points on all local retail purchases.
  • Redeem the points for gifts, home electronics, and more.
Good About it
  • Earn reward points on overseas and local retail purchases.
  • Minimum income required to be eligible for this card is RM36,000 p.a.
  • There is no cap on the reward points that you can earn.
Keep in Mind
  • You need to spend RM1,500 per month to earn 5,000 bonus points.
  • Only retail purchases are valid for the 5x reward points offer.

Who Should Get it?

  • Those who use their credit card for daily purchases, and to make overseas purchases regularly.

BSN Platinum Credit Card

Credit Card Name
Rewards Programme
Balance Transfer
Interest Rate (% p.a.)
Know More

Up to 2x Happy Points on retail purchases.

Redeem Happy Points for Enrich Miles.

(Rewards Programme)

Starting from 3.60% p.a.

(Balance Transfer)

11% to 17.5% p.a.

(Interest Rate)

From reward points to exclusive privileges, the BSN Platinum Credit Card offers a range of benefits. Platinum privileges allow you to redeem your points for Enrich Miles, shopping discounts, dining vouchers, and more.

Key Features and Benefits of this Card

  • Earn 1x Happy Point on local purchases.
  • Get 2x Happy Points on overseas purchases, and local golf, dining, and travel spends.
  • Low finance charge of up to 17.5% p.a.
  • Get a complimentary BSN Zing PLUSMiles Card.
  • Repay your credit card debt at low profit rate with the BSN Balance Transfer Programme.
  • Enjoy complimentary golf privileges.
Additional Points Description
How to Use it
  • Pay for your local and overseas purchases with this card.
  • Earn reward points on domestic and overseas transactions.
  • Redeem your Happy Points for Enrich Miles, gift vouchers, and more.
Good About it
  • Low finance rate for government and private employees.
  • Balance transfer at low profit rate to help you pay off your debt.
  • Happy Points do not expire.
  • Complimentary travel accident and inconvenience benefit of up to RM1 million.  
Keep in Mind
  • Only Malaysian citizens can apply for this card.
  • Minimum income requirement is RM48,000 p.a.  

Who Should Get it?

  • Those who want to earn reward points on their local and overseas transactions to save on their travel purchases.
  • Those who want to save on their credit card’s annual finance rate.

How to Choose the Best No Annual Fee Credit Card

The ideal no annual fee card for you will offer rewards based on your spending pattern. If you are a frequent traveller, then choose a no annual fee card that offers travel benefits. On the other hand, if you use your card to buy groceries, then a card which offers rewards on retail purchases is ideal for you. It is best to compare the features and benefits of credit cards in order to find the best no annual fee card for you.  

Review

Although all of the cards mentioned above offer excellent benefits, the Standard Chartered Visa Platinum stands out with its offerings. The card offers reward points on local as well as overseas purchases. In addition, you also get 5,000 bonus points when you spend a minimum of RM1,500 per month. Spend categories include groceries, petrol, and transactions made at pharmacies. You only need a minimum annual income of RM36,000 to be eligible for this card.   

Illustration

To understand how you can make the best of the Standard Chartered Visa Platinum Credit Card, let’s take a look at the following example. Assume that you spend a total of RM2,000 per month using this card.

Spend Category Points Offered Amount Spent Points Earned Total Points Earned
Dining 5x RM400 2,000 6,800
Department store 5x RM600 3,000
Groceries 1x RM400 400
Petrol 1x RM400 400
Overseas 5x RM200 1,000

When you spend RM2,000 per month, you can get up to 6,800 reward points. Since you are meeting the minimum spend of RM1,500, you will also get 5,000 bonus points. This brings up the total points earned to 11,800. You can redeem your points for exclusive merchandise. Points required for different redemption categories is given below.

Points Required Redemption Item Samples
20,000 and above Gift vouchers, Tupperware products, and travel essentials.
50,000 and above Bags, home electronics, and lock products.
150,000 and above Smartphones and luggage bags.

Looking for More

Pick Up the Other Best Credit Card Category You May Like

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.