• Best No Annual Fee Credit Cards Malaysia

    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.

    Here are the Best No Annual Fee Credit Cards in Malaysia 2018

    Updated on 3rd August 2018

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

    Automatic Enrich Mile conversion

    4.99% p.a. for new customers; 6.99% p.a. for existing customers

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

    Up to 5% cash rebate on Tesco purchases

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

    15% to 18%

    Exclusive Wealth Management services on a low entry threshold

    8.89% p.a. to 9.10% p.a

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

    5,000 bonus points with a minimum spend of RM1,500 each month

    5.99% p.a. (Fixed rate)

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

    10% interest back on retail spends and cash advance transactions

    5.32% p.a. to 5.81% p.a. (Flat rate)

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

    5x rewards points for overseas retail expenses

    1x rewards points for local retail expenses

    4% p.a. to 10.99% p.a

    15% p.a. - 18% p.a./p>

    Exclusive offers with American Express SELECTS worldwide

    4.5% p.a. to 9% p.a.

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

    Best No Annual Fee Credit Cards

    Hong Leong Bank Visa Infinite Credit Card

    The Hong Leong Bank Visa Infinite Credit Card doesn’t charge any annual fee. The card comes with a host of travel-related benefits and privileges. Read on to know more about the card.

    Key Benefits

    • Your retail purchases with the card will instantly provide you with Enrich Miles.
    • Earn 1 Enrich Mile on spending every RM2.8 on local retail transactions.
    • Earn 1 Enrich Mile when you spend every RM1.8 on overseas transactions.
    Additional Points Description
    How to Use It
    • Use the card to pay for your local and overseas retail transactions.
    • Get automatic Enrich Miles on the amount you spend with the card.
    • Use the accumulated Enrich Miles to redeem free flights.
    Good about It
    • Get Plaza Premium Lounge access at participating lounges.
    • Travel worry-free with the automatic travel insurance.
    • Enjoy preferential rates on foreign currency exchange.
    Keep in Mind
    • Government-related transactions are not considered to provide Enrich Miles.

    Who Should Get It

    • Those who travel abroad very often.

    CIMB Tesco Platinum Credit Card

    The CIMB Tesco Platinum Credit Card is a co-branded card with Tesco Stores. You can get rewards when you purchase at a Tesco Store and pay with the card. Read on to know more about the benefits you can get with the card.

    Key Benefits

    • Get 5% cash rebate on Tesco purchases if your statement balance for the month is RM3,000 and above.
    • If your statement balance for the month is less than RM3,000, you can earn a cash rebate of 2%.
    • Every transaction at a Tesco Store provides you with extra Tesco Clubcard Points.
    Additional Points Description
    How to Use It
    • Pay with your CIMB Tesco Platinum Credit Card for all your retail purchases.
    • Accumulate cash rebate and Tesco Clubcard Points.
    • Redeem the points in your future visits to Tesco Stores.
    Good about It
    • Get Tesco Clubcard without paying any extra charges.
    • The contactless feature of your card lets you tap and pay for your purchases.
    • Low-income earners can afford the card as the minimum annual income required to get the card is RM24,000.
    Keep in Mind
    • The cash rebate is capped at RM50 per month.

    Who Should Get It

    • Those who spend regularly for grocery shopping at Tesco Stores.
    • Those who make frequent retail transactions.

    AmBank Platinum Credit Card

    The AmBank Platinum Credit Card comes with two network carriers—Visa and Mastercard. However, the major features and functionalities of the card remain the same. The minimum annual income required for you to qualify for the card is RM48,000.

    Key Benefits

    • Earn 1 AmBonus Point on every RM1 you spend locally.
    • On overseas transactions, you will earn 2x AmBonus Points.
    • Get a travel insurance coverage of up to RM1 million when you travel abroad.
    • Get e-Commerce Purchase Protection on your AmBank Platinum Mastercard.
    Additional Points Description
    How to Use It
    • Use your AmBank Platinum Credit Card to pay for your transactions in Malaysia and abroad.
    • Earn AmBonus Points on the amount you have spent with the card.
    • Redeem the item of your choice from the rewards catalogue with the accumulated AmBonus Points.
    • You can also make on-the-spot redemption of the AmBonus Points starting at 1,500 points.
    Good about It
    • Enjoy dining and accommodation offers with the complimentary Hilton Premium Club Membership Card.
    • Get exclusive Wealth Management services with a lower entry threshold.
    Keep in Mind
    • Online transactions are not considered as overseas transactions while crediting AmBonus Points.
    • You can get the Hilton Premium Club Membership Card when you spend a minimum of RM30,000 in a year.

    Who Should Get It

    • Those who make retail purchases in Malaysia and overseas often.
    • Those who travel abroad often.

    Standard Chartered Visa Platinum Credit Card

    The Standard Chartered Visa Platinum Credit Card lets you earn multiple reward points on departmental store purchases, overseas transactions, and dining spends. You can also earn bonus points every month by satisfying the minimum spend criteria.

    Key Benefits

    • Earn 5x 360° Rewards Points for every RM1 spent overseas or on dining and departmental stores.
    • Earn 1x 360° Rewards Points for every RM1 spent locally.
    • Get 5,000 bonus points every month with a minimum monthly spend of RM1,500.
    • Enjoy exclusive offers at more than 4,000 partner outlets in Malaysia and across Asia.
    Additional Points Description
    How to Use It
    • Use your Standard Chartered Visa Platinum Credit Card for all kinds of departmental store, dining, local, and overseas transactions.
    • Spend a minimum of RM1,500 every month to get 5,000 bonus points.
    Good about It
    • Annual fees for the principal and the supplementary card are waived for life.
    • Earn bonus points over and above the number of 360° Rewards Points you can earn on each spending category.
    • Fixed balance transfer rate across all repayment tenures.
    Keep in Mind
    • 360° Rewards Points for dining and departmental store transactions are valid only if the outlet is from a selected set of Merchant Category Code (MCC).
    • Retail transactions alone are eligible to earn 360° Rewards Points.
    • All bonus points earned by the supplementary cardholder will be credited into the principal cardholder’s account.

    Who Should Get It

    • Retail shoppers who like to be rewarded for every transaction.
    • Those who dine frequently.
    • Those who make plenty of foreign currency transactions.

    Citi Simplicity+ Credit Card

    With the Citi Simplicity+ Credit Card, you can get back a part of the interest you pay every month on retail spends and cash advance transactions. All you have to do is pay the minimum monthly balance amount on time.

    Key Benefits

    • Earn 10% interest back on retail purchases and cash advances.
    • Get exclusive deals and offers at selected merchant outlets throughout Malaysia with Citi World Privileges.
    Additional Points Description
    How to Use It
    • Use your Citi Simplicity+ Credit Card for all kinds of retail transactions.
    • Pay the minimum balance every month on time.
    Good about It
    • The principal and supplementary cards’ annual fees are waived for life.
    • No specific limit on the amount of interest you can earn back every month.
    • The rebate on interest will be credited automatically into your account and be considered for the next statement.
    • No late payment charges or over limit fees.
    Keep in Mind
    • Interest back is a rebate on finance charges.

    Who Should Get It

    • Those who wish to save on interest charges for retail spends.
    • Those who wish to save on finance charges for cash advance transactions.
    • Those who always pay at least the minimum monthly balance on time.

    RHB Visa Infinite Credit Card

    With the RHB Visa Infinite Credit Card, you can earn rewards points on all overseas and local purchases. You can also get access to multiple privileges through the Visa Infinite service.

    Key Benefits

    • Earn 5x rewards points on your overseas retail purchases.
    • Earn 1x rewards points on your local retail purchases.
    • Enjoy complimentary access to Plaza Premium Lounges in Malaysia and Singapore.
    • Get complimentary green fees to selected golf courses across Malaysia.
    • Enjoy complimentary travel insurance of up to RM2 million.
    • Redeem your rewards points for air miles with over 40 airline partners.
    • Enjoy multiple benefits with the concierge services provided by Visa Infinite.
    Additional Points Description
    How to Use It
    • Use the RHB Visa Infinite Credit Card to pay for all overseas purchases.
    • Use this card to pay for any local grocery, shopping, dining, and retail purchases.
    Good about It
    • There is no annual fee charged for the principal or the supplementary credit card.
    • Get preferred rates when you exchange for major foreign currencies.
    Keep in Mind
    • The annual income requirement is RM150,000.
    • The air mile redemption rate is 500 Enrich Miles for every 4,000 rewards points.
    • Complimentary access to only selected Plaza Premium Lounges.

    Who Should Get It

    • Those who want to earn rewards points on all retail transactions.
    • Those who enjoy travel and golfing.

    Maybank Islamic Ikhwan American Express Gold Card-i

    The Maybank Islamic Ikhwan American Express Gold Card-i provides TreatsPoints on the money you spend with the card. The rewards differ based on the category of spend. Read more to know the detailed working of the card.

    Key Benefits

    • Earn 1x TreatsPoint when you spend at educational institutions.
    • Accumulate 1x TreatsPoints when you pay utility bills, petrol transactions, 0% EzyPay, and insurance.
    • Earn 2x TreatsPoints on all other retail transactions.
    Additional Points Description
    How to Use It
    • Use the Maybank Islamic Ikhwan American Express Gold Card-i to pay for your retail transactions.
    • Earn TreatsPoints on the amount you have spent with the card.
    • Use the TreatsPoints to redeem the items of your choice from the rewards catalogue.
    Good about It
    • Get a Touch ‘n Go Zing Card with an automatic reload facility.
    • Enjoy online shopping with globalshop.
    • Enjoy the simple approach without compounding charges.
    Keep in Mind
    • No TreatsPoints are awarded for government-related transactions.
    • Your annual income must be a minimum of RM30,000 to get the Maybank Islamic Ikhwan Gold Card.

    Who Should Get It

    • Those who spend a lot on local retail transactions, petrol, and utility bills.

    How to Choose the Best No Annual Fee Card

    With plenty of options to choose from, finding the best no annual fees credit card can get a little difficult. To find your ideal credit card, compare different cards and see which one offers the best interest rate.

    Compare the benefits for each card and see which one suits your spending habits as well as your lifestyle needs. Once you know that a particular card offers you the best value, check if you satisfy its eligibility requirements. Lastly, read the fine print thoroughly and check if there are any additional charges that you should know about before applying.

    If you are interested in cards offering exclusive benefits in other categories, check the best balance transfer credit cards and the best rewards credit cards

    BBazaar's Best No Annual Fee 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 Rewards
    Hong Leong Bank Visa Infinite Credit Card Automatic Enrich Mile conversion
    CIMB Tesco Platinum Credit Card Up to 5% cash rebate on Tesco purchases
    AmBank Platinum Credit Card Exclusive Wealth Management services on a low entry threshold
    Standard Chartered Visa Platinum Credit Card

    5,000 bonus points with a minimum spend of RM1,500 each month

    Citi Simplicity+ Credit Card 10% interest back on retail spends and cash advance transactions
    RHB Visa Infinite Credit Card

    5x rewards points for overseas retail expenses

    1x rewards points for local retail expenses

    Maybank Islamic Ikhwan American Express Gold Card-i

    Exclusive offers with American Express SELECTS worldwide

    Looking for More

    Pick Up the Other Best Credit Card Category You May Like

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.