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  • 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 10th October 2018

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

    Up to 5x TreatsPoints

    Get one American Express and one Mastercard/Visa card with one subscription

    (Rewards Programme)

    4.96% p.a. to 6% p.a.

    (Balance Transfer)

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

    (Interest Rate)

    Up to 5% cash rebate on all purchases at Petron Service Stations

    (Rewards Programme)

    1.5% to 7% (one-time upfront interest charge)

    (Balance Transfer)

    15% to 18%

    (Interest Rate)

    Up to 3x Reward Points for various transactions

    (Rewards Programme)

    3% upfront fee to 8.99% p.a.

    (Balance Transfer)

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

    (Interest Rate)

    Up to 3x AmBonus Points on overseas expenditure

    (Rewards Programme)

    Up to 4.88% p.a.

    (Balance Transfer)

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

    (Interest Rate)

    Unlimited Cash MegaBonus of 0.3% on local and overseas transactions

    (Rewards Programme)

    1.5% to 7% p.a. (one time upfront interest charge)

    (Balance Transfer)

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

    (Interest Rate )

    Up to 5x Reward Points on dining, overseas purchases, and transactions made at departmental stores

    (Rewards Programme)

    5.99% p.a.

    (Balance Transfer)

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

    (Interest Rate)

    Get up to 3% cash rebates on retail transactions every month

    (Rewards Programme)

    0% p.a. for 6 months (for new credit cards)

    (Balance Transfer)

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

    (Interest Rate )

    Up to 5% cash rebate on a variety of transactions

    (Rewards Programme)

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

    (Balance Transfer)

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

    (Interest Rate)
    Best No Annual Fee Credit Cards

    Maybank 2 Gold Cards

    The Maybank 2 Gold Cards do not charge any annual fee. You can get both Mastercard/Visa and American Express cards with one subscription. The main features of the cards are given below.

    Key Benefits

    • No interest charged for retail transactions for the first 20 days.
    • No charges for exceeding the credit card limit.
    • 50% discount on dining for 2 patrons and 40% discount on dining for three to 10 patrons at SPG Hotels and Resorts.
    Additional Points Description
    How to Use It
    • Use the card to pay for your local and overseas retail transactions.
    • Get automatic TreatsPoints on the amount you spend with the card.
    • Use the accumulated TreatsPoints to redeem from over 500 items.
    Good about It
    • Travel worry-free with the Automatic Travel Accident Insurance Plan.
    • Enjoy special rates on consolidating debts under the Maybank Balance Transfer Programme.
    • Get 5% cashback on weekend transactions with the Maybank 2 American Express card.
    Keep in Mind
    • Government-related transactions shall not provide any TreatsPoints.

    Who Should Get It

    • Those who make frequent retail transactions.
    • Those who are looking for shopping and dining benefits.

    PB-Petron Visa Gold Credit Card

    The PB-Petron Visa Gold Credit Card is a co-branded card with Petron Corporation stores. You can get cash rebates at Petron stores when you pay with the card. Read on to know more about the benefits you can get with the card.

    Key Benefits

    • Get Up to 5% cash rebate on any purchase at Petron service stations for all fuel and other expenses.
    • Complimentary personal accident insurance of up to RM20,000 with the card.
    • Get 0.1% Cash MegaBonus cashback for every RM1 spent on retail and other expenses, credited monthly to the card account.
    Additional Points Description
    How to Use It
    • Pay with your PB-Petron Visa Gold Credit Card for all your fuel and other expenditures.
    • Accumulate Cash MegaBonus cashback for all expenditure.
    • Earn cash rebate when paying at Petron Corporation stores.
    Good about It
    • Unlimited Cash MegaBonus at 0.1% on all transactions.
    • 5% cash rebate on any purchase at Petron service stations.
    • Open a current account at any Public Bank branches with no introducer.
    • Contactless feature of the card helping you to tap at pay for all transactions upto RM 250 in Malaysia.
    • Increased credit limit of up to twice your monthly monthly income for an annual income less than RM36,000.
    Keep in Mind
    • The cash rebate at Petron stores is capped at RM50 per month.

    Who Should Get It

    • Those who spend regularly for fuel transactions at Petron service stations.
    • Those who make frequent retail transactions.

    HSBC Advance Visa Platinum Credit Card

    The HSBC Advance Visa Platinum Credit Card offers reward points with every transaction made at over 50 malls in Malaysia. Also get additional cashback and flexible cash instalments with this credit card.

    Key Benefits

    • Earn 3x Reward Points for online purchases, auto-billing and standing instructions.
    • Earn 1x Reward Points on every RM1 spent on all other transactions.
    • Enjoy exciting deals and savings at over 6,500 shopping outlets, updated monthly.
    • Enjoy premium privileges offered by Visa.
    Additional Points Description
    How to Use It
    • Use your HSBC Advance Visa Platinum Credit Card to pay for your transactions in Malaysia and abroad.
    • Earn Reward Points on the amount you have spent with the card.
    • Redeem the item of your choice from the HSBC Rewards catalogue with the accumulated Reward Points.
    Good about It
    • Interest-free period of 20 days.
    • Redeem Reward Points for dining deals, gifts, shopping vouchers, and travel packages.
    • Dedicated 24- hour telebanking services.
    • Emergency encashment services of up to USD10,000 during international travel.
    Keep in Mind
    • Minimum Total Relationship Balance of RM30,000 to be maintained.
    • Monthly account fee of RM10 if minimum Total Relationship Balance is not met.

    Who Should Get It

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

    AmBank Visa Signature Credit Card

    Get frequent flyer miles, golf privileges and airport lounge access at over 26 airports along with reward points for local and overseas expenditure. Read more to learn more about the card.

    Key Benefits

    • Earn 3x AmBonus Points on overseas expenditure.
    • Redeem Airline Miles at over 50 airlines partners.
    • Enjoy 5 complimentary visits to Plaza Premium Lounges in more than 26 international and local airports.
    • Convenient payment for utilities with AutoBill Pay with automatic deductions from the credit card.
    • Up to 24 months instalment payments for payment on a number of products.
    Additional Points Description
    How to Use It
    • Use your AmBank Visa Signature Credit Card for booking flight tickets, retail expenditure and other overseas and local transactions.
    • Earn AmBank Reward Point with every overseas expenditure, and AmBonus Reward Points for other transactions.
    • Spend as minimum as 1,500 AmBonus Points on the spot from one of the participating partners.
    Good about It
    • Convert AmBonus Points to redeem free flights with over 50 airline partners.
    • Complimentary travel insurance of up to RM1 million.
    • Discounted green fees at a number of premier golf courses across Malaysia.
    • 50% dining and 10% accommodation benefits at Hilton chain of hotels in Malaysia.
    • Complimentary concierge services.
    Keep in Mind
    • Minimum expenditure of RM30,000 in the first year of membership to get the Hilton Premium Membership Card.
    • AmBonus Points can be earned from retail transactions only.

    Who Should Get It

    • Frequent flyers with a lot of overseas expenditure.

    PB Visa Infinite Credit Card

    Get unlimited cashback on all transactions made with this card. Enjoy travel related benefits such as air miles, complimentary access to airport lounges, and travel insurance. Let’s look at some of the key benefits with this card.

    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 the PB Infinite Visa Credit Card for making transactions locally and overseas, and while booking tickets for flights.
    • Earn 0.3% cashback for each retail transaction made locally and overseas. The cashback shall be credited at the end of each month.
    • Get 7,000 Air Miles per month for every RM10,000 spent abroad in a period of one year.
    Good about It
    • Get an interest-free period of 20 days for all retail purchases.
    • Do away with swiping your card the Visa Contactless facility.
    • Get 24 x 7 assistance on any issues with the Infinite Help Desk.
    Keep in Mind
    • Annual fee waiver from the second year onwards applicable only if 12 swipes are made over the period of a year.
    • The validity of the Air Miles credited annually is one year.
    • Interest free period of 20 days is applicable when all previous payments have been made on time, and there are no default in payments.

    Who Should Get It

    • If you are looking for a good travel card with great benefits.
    • If you are looking for cashback benefits on the card.

    Standard Chartered Visa Platinum Card

    Enjoy reward points on dining, overseas transactions, and purchases made at departmental stores with the card. The card also lets you earn bonus points on a monthly basis.

    Key Benefits

    • Earn 5x reward points on dining, departmental store transactions, and overseas expenses.
    • Enjoy 1x reward points on groceries, petrol, and medical expenses.
    • Get 5,000 Bonus Points when you spend RM1,500 per month.
    Additional Points Description
    How to Use It
    • Use your Standard Chartered Platinum Visa Mastercard when making retail and other transactions.
    • Get up to 5x reward points applicable on both primary and supplementary cards.
    • Enjoy 5,500 Bonus Points when you spend RM1,500 minimum every month.
    Good about It
    • When you spend RM2,000 on a minimum within 60 days of getting the card, be one of the 250 lucky people to get a Grab voucher worth RM500. The offer is applicable till 30 September 2018.
    • You don’t have to pay anything to get a replacement card.
    Keep in Mind
    • RM10 shall be charged for transfer of 50,000 Reward Points in one block.
    • 1% administration fee is charged by Visa International when making overseas transactions in addition to the overseas conversion charges that are being paid.

    Who Should Get It

    • If you are looking for a good card providing reward points on all transactions.
    • If you want a good variety on the rewards catalogue under the redemption scheme for your reward points.

    Alliance Bank You:nique Rebates Card

    Enjoy reward points for every RM spent with the card on retail expenses. You can also personalise the card with your picture. Read on to know more about the features of the card.

    Key Benefits

    Enjoy low interest rates of 9% p.a. when you make your payments regularly on the card. Get monthly cash rebates of up to 3% on all retail purchases, including fuel, groceries, and other merchants.
    Additional Points Description
    How to Use It
    • Use the Alliance Bank You:nique card when making retail and other expenses with the card.
    Good about It
    • Annual fee is waived for the first 3 years.
    • Personalise your card with a design of your choice.
    • Get rebates on all retail purchases.
    Keep in Mind
    • After the third year, annual fees are waived given you either make a minimum expense of RM5,000 or swipe the card 12 times within a year.
    • Cash withdrawal charges are charged at the rate of 18% p.a. calculated on the outstanding balance of the card.
    • The 0% balance transfer rate is applicable for new bank customers and with a minimum transfer amount of RM3,000.

    Who Should Get It

    • Those who want to save more on their retail purchases.

    CIMB Cash Rebate Platinum Credit Card

    Enjoy cashback on all local and overseas transactions ranging from fuel payments and shopping transactions. You can also put standing instructions on the card for mobile and utility bill payments.

    Key Benefits

    • Get 5% cash rebates on transactions made on groceries, movie tickets, utility bill payments, and mobile bills.
    • Enjoy 2% cash rebates overseas transactions made online or through retail transactions.
    • Get unlimited 0.2% cashback on all other online and other spends.
    Additional Points Description
    How to Use It
    • Use the CIMB Cash Rebate Platinum Credit Card for all the transactions, whether overseas or local in nature.
    • Earn discounts based on the type of transaction.
    Good about It
    • Use the CIMB Cash Rebate Platinum Credit Card for all the transactions, whether overseas or local in nature.
    • Earn discounts based on the type of transaction.
    Keep in Mind
    • 5% cash rebate is applicable only when your balance is RM3,000 or above.
    • The cap for 5% cash rebate is Rm30 per card.
    • 2% cash rebate has a cap of RM20 per month.

    Who Should Get It

    • If you shop on a regularly basis and looking for discounts.
    • If you are looking for offers on your fuel transactions.

    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

    Based on the cards that are provided above, the Alliance Bank You:nique Rebates Card offers up to 3% rebate on all retail transactions. These attractive features come with no annual fees for primary and supplementary cards (for the first 3 years). Additionally, it also provides 0% balance transfer if you enrol for the card during the promotional period. Let’s look at an example of how the card provides added benefits for you.

    Illustration

    The cashback offer on the Alliance Bank You:nique Rebates Card is applicable on the following slabs:

    Comparison Simple interest Compound interest
    Monthly expenses Cash Rebate (per month)
    Up to RM1,000 0.50%
    RM1,001 to RM2,000 1.50%
    RM2,001 to RM3,000 3.00%
    More than RM3,001 0.30%

    For a monthly expense of RM1,500 in a month, you can earn a cashback of RM22.50, based on the slab for rebate as provided above. However, when you spend between RM2,001 and RM3,000 in a month, you would earn 3% cashback. Since this card provides cashback for all retail transactions, you would earn a higher amount if you can keep your monthly expenses below RM3,000. The cashback is applicable on retail transactions only.

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

    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
    Maybank 2 Gold Cards Up to 5x TreatsPoints Get one American Express and one Mastercard/Visa card with one subscription
    PB-Petron Visa Gold Credit Card Up to 5% cash rebate on all purchases at Petron Service Stations
    HSBC Advance Visa Platinum Credit Card Up to 3x Reward Points for various transactions
    AmBank Visa Signature Credit Card

    Up to 3x AmBonus Points on overseas expenditure

    PB Visa Infinite Credit Card Unlimited Cash MegaBonus of 0.3% on local and overseas transactions
    Standard Chartered Visa Platinum Card

    Up to 5x Reward Points on dining, overseas purchases, and transactions made at departmental stores

    Alliance Bank You:nique Rebates Card

    Get up to 3% cash rebates on retail transactions every month

    CIMB Cash Rebate Platinum Credit Card

    Up to 5% cash rebate on a variety of transactions

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