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

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.

Best No Annual Fee Credit Cards

BBazaar's Best No Annual Fee Credit Cards in Malaysia 2018

Updated on 1st December 2018

Credit Card Rewards
AFFINBANK Mastercard Basic Credit Card Low finance charges starting at 12% p.a.
Hong Leong Visa Infinite Credit Card

1 Enrich Mile for every RM2.8 spent in Malaysia.

1 Enrich Mile for every RM1.8 spent overseas.

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.

weekend purchases made using Maybank 2 American Express 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 2018

Updated on 1st December 2018

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

Low finance charges starting at 12% p.a.

(Rewards Programme)

2% to 7% (One-time upfront interest rate)

(Balance Transfer)

12% p.a. to 17.5% p.a

(Interest Rate)

1 Enrich Mile for every RM2.8 spent in Malaysia.

1 Enrich Mile for every RM1.8 spent overseas.

(Rewards Programme)

4.99% p.a. to 6.99% p.a.

(Balance Transfer)

15% to 18%

(Interest Rate)

Up to 6% cashback on online purchases, entertainment, and shopping.

(Rewards Programme)

7.30% to 10.99 (One-time upfront effective rate)

(Balance Transfer)

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

(Interest Rate)

2x Happy Points for overseas spends.

1x Happy Points for local spends.

(Rewards Programme)

0% to 0.375% per month

(Balance Transfer)

From 8.88% p.a. to 14% 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)

AFFINBANK Mastercard Basic Credit Card

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

Low finance charges starting at 12% p.a.

(Rewards Programme)

2% to 7% (One-time upfront interest rate)

(Balance Transfer)

12% p.a. to 17.5% p.a

(Interest Rate)

The AFFINBANK Mastercard Basic Credit Card offers a basic line of credit for your transactions. The card comes with low finance charges and an attractive Easy Payment Plan.

Key Benefits

  • Enjoy low finance charges on partial payments starting at 12% p.a.
  • Get the benefits of the Easy Payment Plan (EPP) at 0% interest rate when you make purchases at the participating merchant outlets.
Additional Points Description
How to Use It
  • Make partial payments for the outstanding balance of your card by the due date.
  • The finance charges for your partial payments start at 12% p.a. and can go up to 17.5% p.a. based on the number of partial payments you have made.
Good about It
  • Get a complimentary flight and travel personal accident cover of up to RM250,000.
  • Get a repayment tenure of up to 2 years on the Cash-on-Call Instalment Plan.
Keep in Mind
  • The complimentary travel insurance coverage is provided only when you charge the entire airfare to your card.
  • Your annual income must be a minimum of RM24,000 to be eligible for the card.

Who Should Get It

  • Those who wish to build their credit history at an early stage of their career.
  • Those looking to save on additional costs of a card.

Hong Leong Visa Infinite Credit Card

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

1 Enrich Mile for every RM2.8 spent in Malaysia.

1 Enrich Mile for every RM1.8 spent overseas.

(Rewards Programme)

4.99% p.a. to 6.99% p.a.

(Balance Transfer)

15% to 18%

(Interest Rate)

The Hong Leong Visa Infinite Credit Card comes with the Visa Infinite Concierge Services to assist you with all your enquiries. You can also enjoy preferential rates on foreign currency conversions. The card provides Enrich Miles directly on your spends without the need for an explicit conversion of the reward points/air miles.

Key Benefits

  • Earn 1 Enrich Mile when you spend every RM2.8 in Malaysia.
  • Earn 1 Enrich Mile for every RM1.8 spent overseas.
Additional Points Description
How to Use It
  • Make retail purchases in Malaysia and overseas.
  • Pay for all your purchases with the Hong Leong Visa Infinite Credit Card.
  • Earn Enrich Miles based on the amount you spend locally and overseas with the card.
  • Use the accumulated Enrich Miles to redeem free flights.
Good about It
  • Enjoy access to the participating Plaza Premium Lounges, such as Kota Kinabalu, Langkawi, Penang, KLIA, and KLIA2.
  • Get automatic travel insurance of up to RM3 million when you take a flight trip.
Keep in Mind
  • Retail transactions do not include government-related transactions, JomPAY transfers, Flexi Payment Plan, Balance Transfers, Cash Advances, Quasi Cash, Call-For-Cash, Call-For-Cash Plus, Finance charges, and Late Payment Charges.
  • The Plaza Premium Lounge access is valid only for principal cardholders.

Who Should Get It

  • Those who use their cards while travelling overseas.
  • Those who make local and overseas retail transactions using their card.

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.

BSN-1Teachers Mastercard Gold Credit Card

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

2x Happy Points for overseas spends.

1x Happy Points for local spends.

(Rewards Programme)

0% to 0.375% per month

(Balance Transfer)

From 8.88% p.a. to 14% p.a.

(Interest Rate)

BSN dedicates a credit card for teachers and lecturers—BSN-1Teachers Mastercard Gold Credit Card. You can get a free BSN Zing PLUSMiles Card that lets you make payments on-the-go with an auto-reload facility. It also lets you enjoy toll rebates and discounts.

Key Benefits

  • Low finance charges ranging from 8.88% p.a. to 14% p.a.
  • Earn 2x Happy Points on overseas retail spends.
  • Earn 1x Happy Points on local retail spends.
Additional Points Description
How to Use It
  • Use the BSN-1Teachers Mastercard Gold Credit Card to pay for your retail purchases in Malaysia and overseas.
  • Earn Happy Points based on the amount you have spent with the card.
  • Redeem gadgets, home appliances, personal care products, and more with the accumulated Happy Points.
  • Make partial payments of the outstanding balance at a low finance charge starting at 8.88% p.a.
Good about It
  • Get Yayasan Guru Malaysia Berhad (YGMB) membership for free when you contact the number 03-41058679 / 41057866.
  • Enjoy special offers and deals on shopping, dining, and travel with BSN Happy Privileges.
  • Get a free travel accident and inconvenience insurance coverage of up to RM500,000.
Keep in Mind
  • You must be employed as a teacher under the Ministry of Education, Malaysia; a lecturer in an approved Public/Private Institution of Higher Education; or Teacher or MARA Junior Science College (MRSM).
  • You must be a Malaysian to get the card.

Who Should Get It

  • Teachers in Malaysia who are looking for a card,which would let them earn more benefits..

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.

How to Choose the Best No Annual Fee Card

With plenty of options to choose from, finding the best no annual fee 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.

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

Review

Out of all the cards mentioned above, the one that stands out is the AmBank Cosway Gold Mastercard. This card is ideal for those who want to increase their savings every month. You can use this card to shop at any of the Cosway stores and earn Cosway Points. The Cosway Points can be redeemed on-the-spot when you shop at Cosway again. You only need to earn a minimum income of RM24,000 p.a. to be eligible for the card. Furthermore, the card offers travel insurance coverage and allows you to exceed your credit limit.

Illustration

To understand how AmBank Cosway Gold Mastercard works, let’s take the following example. Assume you have used this card for a total monthly expenditure of RM3,000. This includes RM1,000 for spends made at Cosway stores, RM500 for spends made at Cosway Pharmacies, RM500 for other local retail spends, and RM1,000 for overseas retail spends.

Type of Transaction Amount Spent Rewards Earned Total Cosway Points accumulated
Purchases Made at Cosway Stores RM1,000 3,000 Cosway Points 6,000 Cosway Points
Purchases Made at Cosway Pharmacies RM500 1,500 Cosway Points
Local Retail Purchases RM500 500 Cosway Points
Overseas Retail Purchases RM1,000 1,000 Cosway Points

With a monthly spend of RM3,000, you earn 6,000 Cosway Points. These points can be used to redeem anything on-the-spot from Cosway Stores, Cosway Pharmacies, and Country Farm Organic Stores. You have the option to choose the items you want to redeem your points for.

Once you know that a particular card offers you the best value, check if you satisfy its eligibility requirements.

Looking for More

Pick Up the Other Best Credit Card Category You May Like

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.