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.
What is a no annual fee credit card?
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 to RM600 annually to cover benefits, but no-fee cards let you enjoy essential features at zero yearly cost.
What’s the difference between free-for-life and annual fee waiver?
While both options help you save, here’s the difference:
- Free-for-life cards come with no conditions. You’ll never be charged an annual fee ever!
- Annual fee waiver cards waive the fee only if you meet specific criteria, such as spending RM12,000 annually or making 12 transactions a year.
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.
Do no annual fee credit cards still offer cashback or rewards?
Yes, definitely! Many no annual fee credit cards in Malaysia still offer cashback, reward points, or air miles especially for popular spending categories like petrol, dining, groceries, and online shopping.
For example:
- AmBank Cash Rebate Visa Platinum gives up to 8% cashback on groceries and online shopping.
- CIMB e Credit Card offers up to 12x reward points on online spending and e-wallet reloads.
So, avoiding the annual fee doesn’t mean missing out on benefits.
Who should get a no annual fee credit card?
If you’re applying for your first credit card, a no-fee card is a budget-friendly way to build your credit score without worrying about extra costs.
For more experienced users, it makes a great secondary card as it is useful for earning rewards in specific categories or as a backup alongside a premium card.
How to choose the best no annual fee credit card for you?
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.
Ready to apply? 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.
| Credit Card | Free For Life? Annual Fee Waiver? | Card Features/Benefits |
 AEON BiG Visa Gold |
Free for the first year and when you swipe 12 times a year for the subsequent years. |
|
|
Free for the first year and when you spend a minimum of RM12,000 per year from the second year onward. |
|
 AmBank Cash Rebate Visa Platinum |
No annual fee. It's free for life. |
|
 AFFIN Duo Mastercard Rewards |
Free for the first 3 years and when you swipe at least 12 times on retail transactions in a year. |
|
 BSN Gold Visa Credit Card-i |
No annual fee. It's free for life. |
|
 CIMB e Credit Card |
Free for the first year and when you spend RM12,000 annually for the subsequent years. |
|
 HSBC TravelOne Credit Card |
Free for the first year and when you spend a minimum of RM20,000 or above annually for the subsequent years. |
|
 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. |
|
 Maybank Islamic myimpact Ikhwan Mastercard Platinum Credit Card-i |
No annual fee. It's free for life. |
|
 OCBC 365 Mastercard |
Yes, free for the first 3 years. |
|
 Public Islamic Bank Visa Platinum Credit Card-i |
Free for the first year and when you swipe 12 times for the subsequent years. |
|
 RHB Shell Visa Credit Card |
Free for the first year and when you swipe a minimum of 24 times for the subsequent years. |
|
 Standard Chartered Journey Credit Card |
Free for the first year, and when you spend a minimum of RM60,000 annually in the subsequent years |
|
 UOB EVOL Card |
Free for the first year, and when you make 1 retail transaction with no minimum spend per month. |
|
If you have made it until the end of this article and already have a credit card in favour, just hit the "Apply Now" button above, and we'll assist you along the way.
And 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.
