No Annual Fee Credit Cards Malaysia That You Should Look Out For

No Annual Fee Credit Cards Malaysia That You Should Look Out For

Are you aware that there are no annual fee credit cards Malaysia? 

With the increasing cost of everything, it feels good to know that you can at least save up on not paying for a few hundred ringgit on the credit card annual fee.

Sounds too good to be true? Just continue reading and you will find out more.

What is an Annual Fee? 

An annual fee is a yearly fee charged by the financial institutions/bank as a maintenance fee to customers for using their credit cards. 

Some cards offer no annual fee, while others may offer an annual fee of over RM 1,000 (for more premium credit cardholders).

The rates charged will differ according to the bank.

What is a “ No Annual Fee Credit Card ”? 

A no annual fee credit card is basically you do not have to pay for owning the credit card. This also includes credit cards that offer to waive off annual fees. 

In order to be entitled to the annual fee waiver, you have to fulfill some requirements. For example, you need to spend a minimum amount in that year or a minimum number of transactions.

There are also some banks offering credit cards with no annual fee for the first year.

Now let me show you a list of no annual fee credit cards Malaysia that you should consider owning! 

Best No Annual Fee Credit Cards Malaysia For 2022

Maybank (Annual Fee Waived For Life)

For Minimum Monthly Income of RM 2,000: 

1.Maybank Shopee Visa Platinum

Good for: Rewards/Offers, Shopping

Rewards:  5 points per RM 1 spent

2.Maybank Grab Mastercard Platinum Credit Card (Black) 

Good for: Rewards/Offers, Shopping

Rewards:  5 points per RM 1 spent

For Minimum Monthly Income Above RM 2,500

1. Maybank 2 Gold Card 

Good for: Rewards/Offers, Cash Back

Rewards:  5 points per RM 1 spent, 5% Cash Back

Minimum Monthly Income: RM 2,500

2.Maybank 2 Platinum Card 

Good for: Rewards/Offers, Cash Back

Rewards: 5 points per RM 1 spent

Minimum Monthly Income: RM  5,000

CIMB (Annual Fee Waived For Life)

For Minimum Monthly Income of RM 2,000: 

1.CIMB Cash Rebate Platinum Credit Card

Good for: Cash Back

Rewards:  5% cash back 

2.CIMB Petronas Platinum-i Credit Card

Good for: Cash Back, Islamic

Rewards: 7% cash back 

3.CIMB Platinum-i Credit Card

Good for: Travel, Rewards/Offer, Islamic

Rewards: 1 points per RM 1 spent

4.CIMB Petronas Platinum Credit Card

Good for: Cash Back

Rewards: 7% cash back 

5.CIMB Platinum Credit Card

Good for: Travel, Rewards/Offer

Rewards: 1 points per RM 1 spent

6.CIMB Enrich Platinum Credit Card

Good for Travel

Rewards: 1 points per RM 1 spent

7.CIMB e Credit Card

Good for: Rewards/Offers, Shopping

Rewards: 12 points per RM 1 spent

Note: For this credit card, you can waive off RM 100 for the first year. In subsequent years, the annual fee will be charged to the principal card. 

To be eligible to waive off the annual fee, you need to spend a total retail amount of RM 12,000 from both principal and supplement cards.

For Minimum Monthly Income Above RM 5,000:

1.CIMB Visa Signature Credit Card

Good for: Travel, Rewards/Offer

Rewards: 2 points per RM 1 spent

Minimum Monthly Income: RM 5,000

2.CIMB WORLD Mastercard Credit Card

Good for: Travel, Rewards/Offer

Rewards: 5 points per RM 1 spent

Minimum Monthly Income: RM 7,500

3.CIMB Visa Infinite Credit Card

Good for: No Annual Fee

Rewards: 5 points per RM 1 spent

Minimum Monthly Income: RM 10,000

Ambank(Annual Fee Waived For Life)

1.AmBank Islamic Visa Carz Card

Good for : Rewards/Offers, Cash Back, Islamic

Rewards: 1 points per RM 1 spent, 3% cash back

Minimum Monthly Income: RM 2,000

2.AmBank Platinum Mastercard Carz Card

Good for : Rewards/Offers, Cash Back

Rewards: 2 points per RM 1 spent, 5% cash back

Minimum Monthly Income: RM 5,000

3.AmBank Islamic Al-Taslif Platinum Card-i

Good for : Rewards/Offers, Islamic

Rewards: 2 points per RM 1 spent

Minimum Monthly Income: RM 5,000

4.AmBank Visa Signature

Good for : Rewards/Offers, Travel

Rewards: 3 points per RM 1 spent

Minimum Monthly Income: RM 6,667

5. AmBank Islamic Visa Infinite

Good for : Rewards/Offers, Cash Back, Islamic

Rewards: 5 points per RM 1 spent

Minimum Monthly Income: RM 10,000

Hong Leong Bank(Annual Fee Waived For Life)

1.Hong Leong Infinite Card

Good for : Travel

Rewards: 1 points per RM 1 spent

Minimum Monthly Income: RM 10,000

2.Hong Leong Infinite Doctor’s Edition

Good for : Travel

Rewards: 1 points per RM 1 spent

Minimum Monthly Income: RM 10,000

OCBC(Annual Fee Waived For Life)

1.OCBC Great Eastern Platinum Mastercard®

Good for : No Annual Fee

Minimum Monthly Income: RM 2,000

2.OCBC Titanium Mastercard® Blue / Pink

Good for : Cash Back 

Rewards: 1% Cash Back

Minimum Monthly Income: RM 2,000

Public Bank (Annual Fee Waived For Life)

1.Public Bank-Petron Visa Gold Credit Card

Good for : Cash Back 

Rewards: 5% Cash Back

Minimum Monthly Income: RM 2,000

2.Public Bank Quantum Visa Credit Card

Good for : Cash Back 

Rewards: 2 points per RM 1 spent, 5% Cash Back

Minimum Monthly Income: RM 3,000

3.Public Bank Visa Infinite Credit Card

Good for : Cash Back, Travel

Rewards: 2% Cash Back

Minimum Monthly Income: RM 8,334

4.Public Bank World Mastercard® Credit Card

Good for : Travel

Minimum Monthly Income: RM 8,334

Affin Bank (Annual Fee Waived For Life)

1. AFFINBANK Visa Basic

Good for : No Annual Payment

Minimum Monthly Income: RM 2,000

RHB (Annual Fee Waived For Life)

1.RHB Signature Credit Card

Good for : Cash Back, Travel

Rewards: 6% Cash Back

Minimum Monthly Income: RM 6,667

2.RHB World Mastercard® Credit Card

Good for : Cash Back, Travel

Rewards: 6% Cash Back

Minimum Monthly Income: RM 6,667

3.RHB Visa Infinite Card

Good for : Rewards/Offer, Travel

Rewards: 6% Cash Back

Minimum Monthly Income: RM 12,500

Verdict

Here are a few no annual fee credit cards Malaysia that you should consider having. Before you carefully select your next credit card, please go through all the benefits you could enjoy for each card. Each card’s terms and conditions might also change in the future so please take not that this page’s information about no annual fee credit cards Malaysia may not be accurate in the future.

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