Best No Annual Fee Credit Cards in Malaysia 2024

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 2024

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. 

Some of the best credit cards on the market are free-for-life credit cards – like the Public Bank Quantum Visa and Alliance Bank Visa Virtual Credit Card.

What is a "No annual fee credit card"?

It is simply a card that has no fee that is charged yearly. Banks charge annual fees to credit card holders for all the card benefits that you get to enjoy.

Some cards are free while some have annual fee waiver requirements for you to follow through, like hitting a minimum spend in a year or a minimum number of transactions, for example.

That said, waivers such as no annual fee for the first year or the first few years are typically found in the market.

Undeniably, most consumers may choose no annual fee credit cards over those with waivers, simply because you don't have to spend more and it's just more simple that way. 

Regardless, depending on your preference, a credit card with a fee waiver doesn't necessarily mean a bad option, considering the requirements are typically simple for a cardholder to achieve.

You can find a list of credit cards in the table below in which we highlight those that are free for life without conditions, versus those with annual fee waivers.

Should I get a credit card with no annual fee?

For first-time applicants, a credit card with no annual fee should be the best option for you as a start. 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 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.
  • 5% cashback on AEON BiG Thank You Member Day spending (28th of every month)
  • 5% cashback on petrol transactions every Sunday
  • 2% cashback on online and overseas spending
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, grocery spending, dining, petrol spending, utilities and other retail spending
AmBank Cash Rebate Visa Platinum No annual fee. It's free for life.
  • Up to 8% cashback on grocery spending, pharmacy and online transactions
  • 0.1% cashback on other retail spending (excluding petrol, government and charity payments)
AFFIN Duo Mastercard Rewards Free for the first 3 years, and when you swipe at least 12 times on retail transactions in a year.
  • 3x rewards points on dining, grocery and petrol spending
BSN Gold Visa Credit Card-i No annual fee. It's free for life.
  • 2x rewards points on overseas retail spending
  • 1x rewards points on local retail spending
CIMB e Credit Card
Free for the first year, and when you spend RM12,000 annually for the subsequent years.
  • 12x rewards points on food delivery, online shopping, e-wallet reload (Touch 'n Go, GrabPay, Boost, BigPay and Setel), auto-billing payments and in-store contactless payments (on eDay, 28th every month)
  • 3x rewards points on food delivery, online shopping, e-wallet reload (Touch 'n Go, GrabPay, Boost, BigPay and Setel), auto-billing payments and in-store contactless payments (every day, except eDay)
  • 1x rewards points on in-store PIN purchases every day
HSBC Platinum Credit Card Free annual fee, when you swipe 12 times in a year and meet annual spending of RM2,000.
  • 8x reward points on contactless spending
  • 5x reward points on online spending (Lazada, Shopee, Zalora Grab and Fave), overseas spending and grocery spending
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.
  • 8x rewards points on online spending (Lazada, Shopee, Grab, Foodpanda, Touch 'n Go, MyEG, Spotify, Netflix and Apple Music), e-wallet reloads and food delivery spending
  • 8x rewards points on grocery and essential spending
  • 8x rewards points on dining
  • 8x rewards points on overseas spending
  • 1x rewards points on other eligible retail spending
Maybank Shopee Visa Platinum No annual fee. It's free for life.
  • 5x Shopee Coins on Special Days
  • 2x Shopee Coins on Normal Days
  • 4x Shopee Coins on dining, contactless and entertainment transactions on Special Days
  • 2x Shopee Coins on dining, contactless and entertainment transactions on Normal Days
  • 1x Shopee Coins on other spending
  • 1x Shopee Coins on utility, education, EzyPay and insurance payments
OCBC 365 Mastercard Yes, free for the first 3 years.
  • Up to 1% unlimited cashback on retail transactions
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 and overseas spending
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 spending at any Shell station nationwide
  • Up to 5% cashback on groceries, online spending, e-wallet reload and utility payments
Standard Chartered Smart Credit Card Free for the first year, and when you spend RM12,000 annually for the subsequent years.
  • 6% cashback on digital lifestyle spending (Astro, Netflix, Spotify, Steam, Joox, iQIYI and PlayStation)
UOB EVOL Card Free for the first year, and when you make 1 retail transaction with no minimum spend, per month.
  • 8% cashback on selected sustainable merchants' spends, subject to monthly spending amount criteria
  • 5% cashback on online, entertainment and contactless parking spends, subject to monthly spending amount criteria
  • 5% cashback on e-wallet transactions, subject to monthly spending amount criteria

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.

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