• Best No Annual Fee Credit Cards Malaysia

    There are many credit cards in the market that offer several perks and privileges. Among these are credit cards that come without any annual fee or charges. With a yearly or lifetime fee waiver facility, these cards are not only affordable but are also packed with features such as cashback and reward points.

    Best Zero Annual Fee Credit Cards in Malaysia

    The Best No Annual Fee Credit Cards in Malaysia

    Citi Simplicity + Card

    This annual fee waived credit card has no over limit fee and no late payment charges associated with it. The card also comes without any capping on the rebates earned by you.

    Ideal for:

    • Getting rebates on a monthly basis.
    • Fewer fees and charges.

    What will you get:

    • You can get 10% interest back every month on the purchases and cash advances when your prompt minimum monthly payments on your credit card dues.
    • You can get perks on your beauty, wellness, travel, and shopping expenditures.
    • No over limit fee or late payment charges are imposed.

    Keep in mind:

    • The maximum credit limit offered on the card is RM450,000.
    Explore more about Citi Simplicity+ Credit Card

    Maybank 2 Gold Cards

    You can get the benefits of 2 cards: Maybank2 American Express Card and Maybank 2 MasterCard, with a single sign-up and a combined statement. The Lifetime fee waiver facility is applicable for both principal as well as supplementary cards.

    Ideal for:

    • Obtaining benefits of two different cards through the application process and statement of one single credit card.
    • Getting the lifetime fee waiver facility on your principal and supplementary credit cards.

    What will you get:

    • For all your spend on the Maybank2 American Express Card, you will earn 5X TreatsPoints in Malaysia and abroad.
    • 1X TreatsPoint will be given on all your spends on the Maybank 2 MasterCard/Visa Card.
    • You can obtain 5% Weekend Cashback on your American Express card.

    Keep in mind:

    • You need to have a minimum annual income of RM30,000 to apply for the card.
    • Weekend cashback is capped at RM50 for every customer, every month.
    • No TreatsPoints will be given on the transactions at government bodies. (wef April 15th, 2016)

    CIMB Tesco Platinum MasterCard

    The credit card offers Tesco Clubcard points as well as cash rebates simultaneously. The Tesco Clubcard can be accessed without any extra charges applied.

    Ideal for:

    If you are looking for easy payment facility like Tap and Pay along with added security features such as ‘Pin and Pay’ on a credit card.

    What will you get:

    • You can earn up to 5% cash rebates on your day to day expenditures.
    • 1 Extra Tesco Clubcard Point can be earned on the spending of RM2 and above on the card.
    • You can get a cash voucher worth RM20 from Tesco stores in Penang till February, 2018.

    Keep in mind:

    • The cash rebate is capped at RM50 on each card every month.
    • ‘Tesco Clubcard at no charge’ facility is available only for new customers.
    • The minimum annual income requirement for the credit card is RM24,000.
    Explore more about CIMB Tesco Platinum Mastercard

    Hong Leong Wise Gold

    The credit card offers cashback on petrol and dining transactions every day. The credit card has got annual fee waiver for the first year and for the second year onwards, you have to swipe the card at least once in 45 days to get annual fee waiver.

    Ideal for:

    • If you want to categorise your spending habits as per your preferences.
    • If you want to switch between cashback categories as per your requirements.

    What you will get:

    • You can enjoy cashback of up to 10% per month on the shopping.
    • You can get the facility of choosing the cashback categories according to your spending habits.

    Keep in mind:

    • The cashback is capped at RM100 each month.
    • You need to make the transactions of minimum RM2,000 each month to be qualified to get 10% cashback.
    Explore more about Hong Leong Wise Gold

    Standard Chartered Visa Platinum

    The credit card gives reward points on shopping, dining, and overseas purchases. You can also get additional bonus points through the credit card.

    Ideal for:

    • Receiving personalised customer service.
    • Earning points on both, local and international expenses.

    What will you get:

    • With a minimum transaction of RM1,500 each month, you can get up to 5,000 bonus points.
    • You can get 5X points on your dining, departmental store purchases, and international transactions.
    • On all other local expenses you will earn you 1X point.

    Keep in mind:

    • You need to have the minimum annual income of RM24,000 to obtain the card.
    • You will have to make a monthly repayment of minimum 5% of the outstanding amount or RM50, whichever is higher.
    Explore more about Standard Chartered Visa Platinum

    Alliance Bank You:nique Card

    The credit card comes with an annual fee waiver facility for first 3 years. Each subsequent year after that, the annual fee is waived on minimum spend of RM5,000 or if you swipe the card 12 times within 12 months.

    Ideal for:

    • If you are looking for low profit rates.
    • If you want to earn cash rebates and rewards on your transactions through the credit card.

    What will you get:

    • You can earn 2X Timeless Bonus Points on every ringgit you spend.
    • On your retail purchases, you can earn monthly cash rebates of up to 3% that also include petrol and glossaries.
    • With a personalised facility, you can add your own picture or any image of your choice on your card.

    Keep in mind:

    • Government body and petrol related transactions will not earn you timeless Bonus Points.

    No annual fee credit cards can be especially beneficial for those looking for an affordable card. If you are looking for a credit card that comes without the added burden of an annual fee, you can consider any one of the above mentioned cards.

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