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.