• 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.

    This guide will explain the features and benefits of cards without any annual fees. These Credit cards have a lifetime waiver on annual fees. 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 fees. Read through this guide to compare various cards to pick the best no annual fee credit card for you.

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

    Updated on 6th June 2018

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

    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% to 18%

    1x points for every RM1 spent

    5.99% p.a. (Fixed rate)

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

    3x Air Miles Points for every RM1 spent overseas

    1x Air Miles Points for every RM1 spent locally

    1.5% to 7% (One-time upfront interest charges)

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

    Up to 2x Happy Points on retail spends

    0.3% to 0.375% per month

    13.5% p.a. - 17.5% p.a.

    Up to 5% cash rebate on mobile and utility bill payments, petrol, groceries, and cinemas

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

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

    5% cashback on weekend purchases

    5x TreatsPoints for local and overseas retail spends

    0% to 0.75% per month

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

    Best No Annual Fee Credit Cards

    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 partnering 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 spend.
    • 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.

    Standard Chartered Platinum Mastercard Basic Credit Card

    You can earn 360° Rewards Points on all kinds of retail spends with the Standard Chartered Platinum Mastercard Basic Credit Card. You can even split your large retail spends into affordable monthly instalments for a low interest rate.

    Key Benefits

    • Earn 1x 360° Rewards Points on all retail transactions.
    • Convert large retail spends into a low-interest monthly instalment plan.
    Additional Points Description
    How to Use It Use your Standard Chartered Platinum Mastercard Basic Credit Card for all kinds of local and overseas retail purchases.
    Good about It
    • Enjoy an annual-fee waiver for life, whether you’re the principal or the supplementary cardholder.
    • Take advantage of exclusive deals and privileges at more than 4,000 participating merchant outlets throughout Malaysia and Asia.
    • Get access to extra cash during emergencies for a low interest rate with Cheque-On-Call Plus.
    Keep in Mind
    • Transactions made at petrol stations/kiosks or for government services aren't eligible for 360° Rewards Points.

    Who Should Get It

    Those who wish to be rewarded for every RM1 spent locally or overseas.


    Public Bank World Mastercard Credit Card

    You can use the Public Bank World Mastercard Credit Card for an enhanced experience while travelling. From complimentary airport lounge access to travel insurance cover, you can get a whole host of travel perks with this card.

    Key Benefits

    • Earn 3x Air Miles Points for every RM1 spent on overseas retail transactions.
    • Earn 1x Air Miles Points for every RM1 spent on local retail transactions.
    • Enjoy 3x complimentary access to selected Plaza Premium Lounges in Malaysia.
    Additional Points Description
    How to Use It Use your Public Bank World Mastercard Credit Card for all retail spends done locally and overseas.
    Good about It
    • The principal and supplementary credit card is free for life.
    • Enjoy a low redemption rate for Air Miles Points if you wish to redeem it for air miles from selected frequent flyer programmes.
    • Get complimentary travel insurance cover of up to RM500,000
    • Get e-Commerce Purchase Protection benefits of up to USD200.
    • Open a current account at any Public Bank branch without the need for an introducer.
    Keep in Mind
    • For complimentary travel insurance cover, you need to use this credit card to pay the entire cost of your flight tickets.
    • Plaza Premium Lounge access is valid until 31 December 2018.
    • Access to the airport lounge is valid for only three consecutive hours.

    Who Should Get It

    • Frequent travellers.
    • Retail shoppers who want to earn points on local and overseas purchases.

    BSN Platinum Credit Card

    The BSN Platinum Credit Card allows you to earn Happy Points whenever you use the card for a retail purchase. You can then redeem the points you’ve earned for air miles, gifts, and other exclusive privileges.

    Key Benefits

    • Earn 2x Happy Points for every RM1 spent on overseas retail transactions.
    • Earn 2x Happy Points for every RM1 spent on selected local dining, golf, and travel transactions.
    • Earn 1x Happy Points for every RM1 spent locally
    Additional Points Description
    How to Use It
    • Use the BSN Platinum Credit Card for retail transactions at the local golf course or for local dining and travel spends.
    • Use this card for overseas retail transactions for 2x points.
    Good about It
    • The principal and supplementary credit cards’ annual fees are waived for life.
    • Redeem Happy Points you’ve earned for air miles from selected frequent flyer programmes.
    • Get a complimentary BSN Zing PLUSMiles Card.
    • Get 24/7 concierge services.
    • Enjoy complimentary travel insurance cover worth up to RM1 million.
    Keep in Mind
    • Pay the full cost of your flight tickets with this credit card to get complimentary travel insurance coverage.

    Who Should Get It

    • Those who want to earn rewards on local and overseas retail transactions.
    • Frequent flyers who wish to benefit from travel-related perks.

    CIMB Cash Rebate Platinum Credit Card

    With the CIMB Cash Rebate Platinum Credit Card, you can earn plenty of rewards based on how you use the card. From cinemas and utility bill payments to overseas transactions and online purchases, you can use this card for all kinds of retail spends.

    Key Benefits

    • Earn up to 5% cash rebate on mobile and utility bill payments, groceries, petrol, and cinemas.
    • Earn 2% cash rebate for every RM1 spent as foreign currency on overseas and online retail transactions.
    • Earn 0.2% cash rebate on other retail and online purchases.
    Additional Points Description
    How to Use It
    • Use the CIMB Cash Rebate Platinum Credit Card to pay your mobile or utility bills
    • Use this card for payments at cinema halls, grocery stores, and petrol stations.
    • This card can also be used for local and overseas retail as well as online spends.
    Good about It
    • There is no annual fee to be paid for the principal or the supplementary credit card.
    • There’s no limit on the rebate you can earn in case of other retail and online spends.
    • Get a complimentary Touch ‘n Go Zing Card.
    • Enjoy exclusive promotional offers and discounts at participating merchant outlets throughout Malaysia.
    Keep in Mind
    • Mobile or utility bill payments must be made as a Standing Instruction.
    • Earn 5% cash rebate if your statement balance is RM3,000 or more.
    • Amount of rebate you can earn drops to 2% if your statement balance is below RM3,000.
    • The cash rebate limit for each card is RM30 per month.

    Who Should Get It

    • Retail shoppers who want to earn points on purchases made at cinema halls, grocery stores, and petrol stations.
    • Online retail shoppers.

    Maybank 2 Gold Card

    The Maybank 2 Gold Card brings you the best of both worlds – the Maybank 2 American Express® Card and the Maybank 2 Mastercard/Visa Card. Whether it’s reward points or cash rebates, both these cards combine to give you the best offers and benefits.

    Key Benefits

    • Earn 5x TreatsPoints on local and overseas retail purchases made with the Maybank 2 American Express® Card.
    • Earn 1x TreatsPoints for all spends made with the Maybank 2 Mastercard/Visa Card.
    • Earn 5% cash rebate on weekends for every RM1 spent with the Maybank 2 American Express® Card.
    • Earn 0.2% cash rebate on other retail and online purchases.
    Additional Points Description
    How to Use It
    • Use the Maybank 2 Gold Card for all kinds of local and overseas retail purchases.
    • Use this credit card for transactions at insurance providers, educational institutions, for utilities, and for Maybank 0% EzyPay Instalment Plan transactions.
    • This card can also be used for local and overseas retail spends made on weekends.
    Good about It
    • Annual fees for the principal and the supplementary credit card are waived for life.
    • Enjoy exclusive discounts and offers at participating SPG Hotels & Resorts in Malaysia.
    Keep in Mind
    • Government body transactions aren’t eligible for TreatsPoints.
    • Cash rebate for weekends has a limit of RM50 per month or up to RM600 p.a.
    • Cash rebate will only be credited to the principal cardholder’s account.

    Who Should Get It

    • Those who shop a lot at retail outlets based locally or overseas.
    • Those who shop mostly on weekends.

    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.

    Now compare the benefits on offer 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’s 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
    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
    Standard Chartered Platinum Mastercard Basic Credit Card 1x points for every RM1 spent
    Public Bank World Mastercard Credit Card

    3x Air Miles Points for every RM1 spent overseas

    1x Air Miles Points for every RM1 spent locally

    BSN Platinum Credit Card Up to 2x Happy Points on retail spends
    CIMB Cash Rebate Platinum Credit Card Up to 5% cash rebate on mobile and utility bill payments, petrol, groceries, and cinemas
    Maybank 2 Gold Card

    5% cashback on weekend purchases

    5x TreatsPoints for local and overseas retail spends

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