Best No Annual Fee Credit Cards in Malaysia 2022

No fee credit cards that offer great rewards discounts, cash back and privileges. Why pay more than you have to?

It's free!

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 No Annual Fee Credit Cards 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 of the credit cards may not be entirely free from annual fees, but you can still enjoy the benefit from an annual fee waiver.

Ready to apply? Let's check out some of the best no annual fee credit cards in Malaysia below so you could compare which credit card is better based on your personal preference.

Credit CardFree for life? Or is there an annual fee waiver?Card features / benefits
Citi Cash Back MastercardFree for first 3 years. New cardholders only.Up to 10% cashback on Petrol, Groceries, Dining & Grab
HSBC Platinum Credit CardFree, when you swipe 12 times every year with no minimum spend.Get 8x reward points on Contactless Spend
Standard Chartered Smart Credit CardFree 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-iFree for the first year, and when you swipe 12 times for the subsequent years.4% cashback on Online & Overseas Transaction
Alliance Bank Visa SignatureFree for the first year, and when you spend minimum RM12,000 per year from second year onward.Up to 5% cashback on Online Shopping, Groceries, Dining, Petrol, Utilities & Other Retail Spend
AEON BiG Visa GoldFree for the first year, and when you swipe 12 times a year for the subsequent years.5% cashback on Petrol transaction every Sunday
Maybank Shopee Visa PlatinumNo annual fee. It's free for life.5x Shopee Coins on Special Days
AmBank Cash Rebate Visa PlatinumNo annual fee. It's free for life.Up to 8% cashback on Groceries, Pharmacy & Online Transactions
AFFIN DUO Mastercard RewardsFree for 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-iNo 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 CardFree 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 CardFree 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 Spends, Groceries, Essentials, Dining & Overseas Spends
OCBC 365 MastercardYes, free for first 3 years.1% unlimited cashback on Retail Transactions on the first RM1,000 every month
RHB Shell Visa Credit CardFree for the first year, and when you swipe minimum 24 times for the subsequent years.Up to 12% cashback on Petrol Fueling at any Shell station nationwide
UOB YOLO VisaFree 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)
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