Best No Annual Fee Credit Cards in Malaysia 2022
Some people are under the impression that there is no such thing as a free credit card.
Well, there are cards where you don’t have to worry about the credit card annual fee as they offer zero annual fees.
In fact, some of the best credit cards on the market are free-for-life credit cards – like the Public Bank Quantum Visa and Public Bank Quantum Mastercard.
What is a "No Annual Fee Credit Card"?
When thinking about the no annual fee credit cards out there, don’t forget to include credit cards that offer an annual fee waiver.
Credit cards with fee waiver requirements like hitting a minimum spend in a year or a minimum number of transactions can also count as a credit card without an annual fee if the requirements are reasonable.
In addition to the free-for-life credit cards, there are also credit cards with no annual fee for the first year or the first few years.
Check out our list of credit cards with no annual fees and find the best no-fee credit cards in Malaysia!
Best Credit Cards With No Annual Fee in Malaysia
A credit card with no annual fee is the best option for first-time applicants as it is easy to maintain, and you can get a good head start to set your credit score.
While some credit cards may not be entirely free from annual fees, you can still enjoy the benefit of an annual fee waiver.
Ready to apply? Let's check out some of the best credit cards with no annual fee in Malaysia below so you could compare which credit card is better based on your personal preference.
|Credit Card||Free for life? Annual fee waiver?||Card features/benefits|
|Citi Cash Back Mastercard||Free for the first 3 years. New cardholders only.||Up to 10% cashback on Petrol, Groceries, Dining & Grab|
|HSBC Platinum Credit Card||Free, when you swipe 12 times every year with no minimum spend.||Get 8x reward points on Contactless Spend|
|Standard Chartered Smart Credit Card||Free for the first year, and when you spend RM12,000 annually for the subsequent years.||15% cashback on GrabPay, Touch & Go E-Wallet, Boost, FavePay, Lazada, Shopee, Taobao & Zalora|
|Public Islamic Bank Visa Platinum-i||Free for the first year, and when you swipe 12 times for the subsequent years.||4% cashback on Online & Overseas Transaction|
|Alliance Bank Visa Signature||Free for the first year, and when you spend a minimum of RM12,000 per year from the second year onward.||Up to 5% cashback on Online Shopping, Groceries, Dining, Petrol, Utilities & Other Retail Spend|
|AEON BiG Visa Gold||Free for the first year, and when you swipe 12 times a year for the subsequent years.||5% cashback on Petrol transactions every Sunday|
|Maybank Shopee Visa Platinum||No annual fee. It's free for life.||5x Shopee Coins on Special Days|
|AmBank Cash Rebate Visa Platinum||No annual fee. It's free for life.||Up to 8% cashback on Groceries, Pharmacy & Online Transactions|
|AFFIN DUO Mastercard Rewards||Free for the first 3 years, and when you swipe at least 12 times on retail transactions in a year.||Get 3x rewards points on Dining, Groceries & Petrol|
|BSN Gold Visa Credit Card-i||No annual fee. It's free for life.||1x rewards point on Local Retail Spending, and 2x rewards point on Overseas Retail Spending|
|CIMB e Credit Card||Free for the first year, and when you spend RM12,000 annually for the subsequent years.||Earn 12x rewards points on Online / Contactless Spends with Featured Partners on eDay (10th of every month)|
|Hong Leong Sutera Platinum Card||Free for the first year, and when you spend at least RM15,000 in a year for the subsequent years.||Enjoy 8x rewards points on Online Spending, Groceries, Essentials, Dining & Overseas Spends|
|OCBC 365 Mastercard||Yes, free for the first 3 years.||1% unlimited cashback on Retail Transactions on the first RM1,000 every month|
|RHB Shell Visa Credit Card||Free for the first year, and when you swipe a minimum of 24 times for the subsequent years.||Up to 12% cashback on Petrol Fueling at any Shell station nationwide|
|UOB YOLO Visa||Free for the first year, and when you perform at least 1 retail transaction every month.||Get 5% cashback on Online, Dining & Contactless Spends (minimum 5 transactions in a calendar month for each category)|