Best No Annual Fee Credit Cards in Malaysia 2025

Think all credit cards come with hidden costs? Think again.

Yes, there are credit cards in Malaysia that come with no annual fees, and they offer great perks too.

Take the Public Bank Quantum Visa or the Alliance Bank Visa Virtual Credit Card, for example. These are among the best no-annual-fee credit cards in Malaysia, giving you value without the yearly charge.

Best No Annual Fee Credit Cards 2025

A no-annual-fee credit card means you don’t have to pay a yearly maintenance fee to keep your card active. Most banks usually charge between RM50 and RM600 annually to cover benefits, but no-fee cards let you enjoy essential features at zero yearly cost.

Let's check out some of the best credit cards with no annual fee in Malaysia below, so you can compare which suits you better based on your personal preference.

Free-for-Life Cards (Zero Fee, Zero Condition)

These cards require absolutely no minimum spend or transaction count to avoid the annual fee forever. They are the easiest and lowest-maintenance cards to hold.

Card Name	Top Feature
AmBank Cash Rebate Visa Platinum	Up to 8% cashback on grocery spending, pharmacy and online transactions 0.1% cashback on other retail spending (excluding petrol, government and charity payments)
BSN Gold Visa Credit Card-i	2x rewards points on overseas retail spending 1x rewards points on local retail spending
Maybank Islamic myimpact Ikhwan Mastercard Platinum Credit Card-i	1% cashback on selected ESG-friendly merchants 0.5% cashback on other retail spend using contactless payments or via Apple Pay and Samsung Pay 1x TreatsPoint on all eligible purchases
Alliance Bank Visa Virtual Credit Card	8x Points on Online/E-Wallet (Safest for Digital)

Low-Maintenance Cards (Waivers Apply)

These cards have a fantastic reward structure but require you to meet an easy annual condition to waive the fee.

Card Name	Fee Waiver Condition	Top Benefit/Rate
AEON BiG Visa Gold	Annual Fee: RM95 Waiver: 12 swipes per year	5% cashback on AEON BiG Thank You Member Day spending (28th) 5% cashback on petrol transactions every Sunday 2% cashback on online and overseas spending
AFFIN Duo Mastercard Rewards	Annual Fee: RM170 Waiver: 12 retail transactions per year	3x Rewards Points on Dining, Groceries, Petrol
CIMB e Credit Card	Annual Fee: RM100 Waiver: RM12,000 annual spend OR promotional waiver	12x rewards points on food delivery, online shopping, e-wallet reload, auto-billing payments and in-store contactless payments (on eDay, 28th every month) 3x rewards points on food delivery, online shopping, e-wallet reload, auto-billing payments and in-store contactless payments (every day, except eDay) 1x rewards points on in-store PIN purchases every day
Public Islamic Bank Visa Platinum Credit Card-i	Annual Fee: RM333 Waiver: 12 swipes per year	2% cashback on online and overseas spending 0% Flexi Payment Plan for 6 months
RHB Shell Visa Credit Card	Annual Fee: RM95 Waiver: 24 swipes per year	Up to 12% cashback on petrol spending at any Shell station nationwide Up to 5% cashback on groceries, online spending, e-wallet reload and utility payments
UOB EVOL Card	Annual Fee: RM90 Waiver: 12 retail transactions per year	8% cashback on selected sustainable merchants' spends, subject to monthly spending amount criteria 5% cashback on online, entertainment and contactless parking spends, subject to monthly spending amount criteria 5% cashback on e-wallet transactions, subject to monthly spending amount criteria
Alliance Bank Visa Signature	Annual Fee: RM148 Waiver: RM12,000 annual spend	Up to 5% Cashback (Online, Groceries, Dining, etc.)
OCBC 365 Mastercard	Annual Fee: RM100 Waiver: RM48,000 annual spend	Up to 1% unlimited cashback on retail transactions
HSBC TravelOne Credit Card	Annual Fee: RM300 Waiver: RM20,000 annual spend	8x reward points on all foreign currency spend 5x reward points on local travel spend (hotels, airlines and travel agencies) 5x reward points on local dining spend 1x reward point on all other eligible spend
Standard Chartered Journey Credit Card	Annual Fee: RM600 Waiver: RM60,000 annual spend	1x Miles Points on dining, travel and overseas retail spend 2x Miles Points = 1 Air Mile of your preferred frequent flyer program

What’s the Difference Between Free-for-life And an Annual Fee Waiver?

While both options help you save, understanding the difference prevents unexpected charges:

If you prefer a hassle-free option, free-for-life cards are ideal. But if you’re a regular spender, waiver cards often provide better rewards and may be worth considering.

How To Choose The Best No Annual Fee Credit Card?

Start by reviewing your monthly expenses. Do you shop online often? Spend more on groceries or petrol? Choose a card that rewards your everyday lifestyle.

• Your monthly income
• Whether you prefer cashback, points, or travel rewards
• Added perks like travel insurance or e-wallet compatibility

Need help finding the right one? Use the RinggitPlus Credit Card Recommendation Tool to get matched with the best card based on your income and spending.

Frequently Asked Questions (FAQ)

Let's read further on mostly asked questions regarding no annual fee credit cards in Malaysia:

1. Is "no annual fee" truly free for life?

Some cards are genuinely "Free for Life" (FFL) for both principal and supplementary cards, requiring no maintenance. Others offer a conditional waiver, requiring minimum annual spend or transactions to avoid the fee in subsequent years. Always check the card's specific Product Disclosure Sheet (PDS).

2. Are virtual cards valid and secure?

Yes, virtual cards are legitimate and fully functional. They are designed for secure online and e-wallet transactions, limiting exposure of your physical card details.

3. How do I apply for a no-annual-fee credit card?

You can apply online via RinggitPlus or just hit the "Apply Now" button above, and we'll assist you along the way! You can also apply at a bank branch. Prepare your MyKad and proof of income.

4. Can foreigners apply for these cards in Malaysia?

Yes, foreigners may be eligible, usually with stricter criteria. This often includes higher income requirements (e.g., RM10,000/month) and specific documents like a valid work permit and employment confirmation.

5. What other fees should I know about?

Beyond the annual fee waiver, common charges include interest (15% - 18% p.a.) if you don't pay in full, cash advance fees, late payment penalties, and an annual RM25 Sales and Service Tax (SST).

6. Can I have multiple no-annual-fee credit cards?

Yes, many Malaysians hold multiple cards to maximize rewards across different spending categories like separate cards for petrol, groceries, online. Responsible management is key.

7. What happens if I forget to meet the annual fee waiver requirement?

If you fail to meet the required annual spending (e.g., RM10,000) or the minimum transaction count (e.g., 12 swipes), the bank will automatically charge the full annual fee to your credit card statement. This fee is typically subject to the annual RM25 SST charge as well. You must then pay this fee by the due date to avoid interest charges and a negative mark on your payment history.

8. Can I negotiate annual fee waivers with my bank?

Yes, often you can. If the fee is charged, you should call your bank's customer service or credit card hotline immediately.

• Best Time to Negotiate: Call before the due date.
• The Negotiation: Politely state that you value the card but missed the waiver condition. Banks often prefer to keep you as a customer, so they may offer a one-time, conditional waiver (e.g., you must spend RMX amount within the next 30 days) or waive it outright if you have a perfect payment record.

Anyway, if you're a big fan of gifts and surprises, don't miss out on our RinggitPlus credit card flash deal that will be held weekly! Head over to our sign-up offers page to find out more.