Compare No Annual Fee Credit Cards in Malaysia
Best Credit Cards with No Annual Fee
Want to enjoy the benefits of a credit card without having to pay a fee every year? Sign up for a no annual fee credit card today!
Maybank 2 Cards Premier
An elite card for an elite lifestyle. Enjoy life in the fast lane with world class privileges at restaurants, retail stores, and golf courses worldwide. On top of that, enjoy the best airmile conve...
Maybank 2 Gold Cards
Two is better than one. Get the benefits and rewards of both a Maybank2 American Express® Card and a Maybank2 MasterCard in one sign up and one statement!
Maybank 2 Platinum Cards
An upgrade on the Maybank 2 Gold Card, earn up to 5X Rewards and the benefits of two cards, Maybank2 American Express® Card and Maybank2 MasterCard, in one sign up and one statement!
RHB Platinum Business Credit Card
Unlimited retail cash back, golfing privileges, and travel insurance. If your world is business and your business is around the world, then the RHB Platinum Business card is definitely for you!
RHB World MasterCard
Enjoy up to 6% Cash Back whenever you travel, fill petrol and dine. Enjoy the World wherever you are, local or overseas.
RHB Visa Infinite Credit Card
Earn 5X Reward Points when you spend overseas, enjoy complimentary green fee on golfing and experience travel comfort reserved only for the elite. Discover a world of Infinite possibilities unlike ...
AFFINBANK MasterCard Basic
Shop and travel with peace of mind with this starter credit card that has a lifetime waived annual fee!
AFFINBANK Visa Basic
This starter credit card's lifetime zero annual fee makes it an ideal card for first-timers
Alliance Bank You:nique Rebates Credit Card
Customize your credit card with any image of your choice, and enjoy up to 3% unlimited cash back too!
Alliance Bank You:nique Rates Credit Card
Customize your credit card with any image of your choice, and enjoy great savings with a low interest rate of 9% p.a.!
Allianz Insurance Card
Exclusively for agents and employees of Allianz General Insurance Company (Malaysia) Berhad (AGIC). Get unlimited 0.3% cash back on monthly spending at AGIC.
Alliance Visa Basic Card
Get back to basics with a 'No Frills' Visa credit card with a low annual fee.
AmBank World MasterCard
A world class card for globe-trotting travellers. Fast track your frequent flyer miles and get 5X reward points for your spending!
AmBank Platinum MasterCard
Earn up to 2X reward points, enjoy dining and hotel privileges, and get free travel insurance too with this Platinum MasterCard from AmBank
AmBank Visa Platinum
Earn 2X reward points, enjoy dining and hotel privileges, and get free travel insurance too with this Visa Platinum Card from AmBank
AmBank CARz Platinum MasterCard
A card for motorists packed with auto-related benefits. Enjoy great discounts, rebates on petrol, and value added services with AmBank CARz Platinum MasterCard.
AmBank CARz Gold Visa
Do you own a car or a motorcycle? If you do, then this may be the card for you. Enjoy great discounts, rebates on petrol, and value added auto-related services
AmBank Visa Gold
A card that knows no boundaries, enjoy rewards, 0% instalment plan, and complimentary insurance too!
AmBank Gold MasterCard
With this Gold MasterCard from AmBank, you can enjoy fantastic rewards, a 0% instalment plan, and complimentary insurance coverage too!
TRUE by AmBank Visa Credit Card
TRUEly an impressive credit card, enjoy a low interest rate of 7.99% p.a. for the first year, and 3% off online transactions too!
AmBank Imagine Visa Card
Can you imagine many better cards than this? Be rewarded when you shop and live life in the fast lane!
AmBank Cosway MasterCard Gold
Do you shop often at Cosway? With the AmBank Cosway card, you can earn up to 3X Cosway points for all shopping done at any Cosway outlet nationwide!
AmBank Cosway MasterCard Platinum
Love to shop at Cosway? With the AmBank Cosway card, you can get up to 3X Cosway points for all purchases at any Cosway outlet nationwide!
AmBank Islamic World MasterCard-i
A world class Islamic card that's suitable for frequent travelers. Fast-track your frequent flyer miles and get 5X reward points for all your spending!
AmBank Islamic Visa Infinite Card-i
Enjoy exclusive privileges and redeem free flights with your AmBank Reward Points with this Islamic card from AmBank
AmBank Islamic Al-Taslif Visa Platinum Card-i
Earn up to 2X reward points, enjoy dining and hotel privileges, and get free travel insurance
AmBank Islamic Al-Taslif Platinum Card-i MasterCard
Get up to 2X reward points and enjoy dining and hotel privileges with this Islamic card
AmBank Islamic Visa Signature Card-i
An excellent Islamic card with a variety of benefits. Dine, shop, or travel like a boss with up to 3X AmBank points for retail purchases!
AmBank Islamic CARz Platinum MasterCard-i
A great card for vehicle-owners. Enjoy great discounts, rebates on petrol, and value added services
AmBank Islamic CARz Gold Visa-i
An excellent card for Malaysian motorists. Enjoy great discounts, petrol rebates, and various auto-related services
AmBank Islamic Card Al-Taslif Visa Gold Card-i
This Islamic card by AmBank allows you to enjoy rewards, a 0% instalment plan, and complimentary insurance coverage too!
AmBank Islamic Card Al-Taslif MasterCard Gold Card-i
A Syariah-compliant card from AmBank that will provide you with a great reward programme, 0% instalment plan, and complimentary insurance coverage
AmBank Islamic True Visa Card-i
A no frills credit card for people who just need their cards simple and true.
BSN Visa Platinum Credit Card
The BSN Visa Platinum Credit Card offers everything you need for an easy and convenient lifestyle. From benefits to privileges, rewards and exclusivity, all are rolled into one.
BSN Platinum MasterCard
The BSN Platinum Credit Card offers everything you could possibly need for an easy and convenient lifestyle. From benefits to privileges, rewards and exclusivity, you’ll find them all rolled into one.
BSN Gold MasterCard
The BSN Gold MasterCard gives you more benefits, more rewards and more credit for an easier and rewarding lifestyle.
BSN Visa Gold
The BSN Visa Gold gives you more benefits, more rewards and more credit for an easier and rewarding lifestyle.
BSN Visa Classic
The BSN Visa Classic gives you rewards, a free ZING PlusMiles card, and many more benefits!
BSN Classic MasterCard
The BSN Classic MasterCard gives you rewards, a free ZING PlusMiles card, and many more benefits!
AIAFAM-BSN Visa Platinum Business Credit Card
AIAFAM -BSN Visa Platinum Business Credit Card is designed to reward you with financial flexibility, superior savings and exclusive privileges.
BSN Visa Platinum Credit Card-i
Get more benefits, more rewards, more exclusivity, more privileges and everything else you could possibly need with BSN Platinum Credit Card-i.
BSN MasterCard Platinum Credit Card-i
Discerning individuals like you demand more. More benefits, more rewards, more exclusivity and certainly more privileges. The BSN MasterCard Platinum Credit Card-i is everything you could possibly ...
BSN 1TeachersCard MasterCard-i
An Islamic card made in collaboration with Yayasan Guru Malaysia Berhad, this card offers great rewards and exclusive privileges to teachers who work for the Ministry of Education
Bank Rakyat Platinum Credit Card-i
Earn 1 reward point for every RM10 spent, which can be used to redeem excellent gifts and rewards. On top of that, you can even change your points to cash at a rate of 10 points to 0.10 too!
Bank Rakyat Gold Credit Card-i
Earn points at a rate of 1 point for every 10 spent, and you can even change your points to cash at a rate of 10 points to 0.10 too!
Bank Rakyat Classic Credit Card-i
Enjoy free Takaful protection and Cash-Convertible Rakyat Rewards with this Shariah-compliant card!
Bank Rakyat TISB Credit Card-i
Enjoy this Islamic credit card with low profit rate and up to 25% discount on Takaful Ikhlas non-motor related insurance!
CIMB Tesco Platinum MasterCard
Earn cash rebate and extra Tesco Clubcard points at the same time! Get the most out of life for your family with the CIMB Tesco MasterCard credit card!
CIMB Petronas MasterCard
Enjoy up to 7% cash rebate at PETRONAS every day with the CIMB Petronas MasterCard!
CIMB Cash Rebate Platinum MasterCard
Get cash rebates whenever you spend online. Plus, you'll also enjoy additional cash rebates on retail spending, standing instructions on mobile and utility payments and monthly interest paid.
CIMB Enrich World Elite MasterCard
Earn MAS Enrich miles and enjoy exclusive travel benefits. Limited time promo: Earn 10,000 bonus miles if you sign up before 30 June 2016
CIMB Enrich World MasterCard
Earn MAS Enrich miles and enjoy exclusive travel benefits. Limited time promo: Earn 5,000 bonus miles if you sign up before 30 June 2016
CIMB World MasterCard
Earn up to 2X Bonus Points and enjoy exclusive World MasterCard benefits
CIMB Visa Signature
Earn up to 2X Bonus Points every time you spend and enjoy complimentary airport lounge access
CIMB Preferred Visa Infinite
Exclusively for CIMB Preferred members only. Enjoy priority banking services, preferential foreign exchange rates, and bonus points when you spend!
CIMB Visa Platinum
Earn bonus points whenever you spend and use your points to redeem exclusive gifts OR pay for goods and services!
CIMB Platinum MasterCard
Whenever you make any retailpurchases using this CIMB credit card, you'll earn bonus points that you can use to redeem exclusive gifts OR pay for goods and services!
CIMB Islamic Petronas MasterCard
Enjoy up to 7% cash back whenever you fill your tank at any Petronas petrol station nationwide!
CIMB Islamic MasterCard Platinum
Enjoy the benefits of a CIMB MasterCard in this Shariah-compliant card!
CIMB Platinum BusinessCard
A shariah-compliant business card that is perfect for all your business needs
Hong Leong Visa Infinite P
An invitation only card for only the most exclusive clientele. Live life in the fast lane with the Hong Leong Visa Infinite P!
Hong Leong Visa Infinite
The perfect card for the globetrotter - travel with style using and earn MAS Enrich Miles while you're at it!
Maybank Manchester United Visa Card
Earn 10X TreatsPoints whenever MU wins a PL match, and 5X TreastPoints on all grocery spending! What's more, this card's annual fee is waived for life!
Maybank Islamic Ikhwan American Express Gold Card-i
Augment your spending with this Islamic card. Earn up to 2X TreatsPoints that you can use to redeem amazing gifts and rewards!
Petronas Maybank Visa
A credit card that earns you extra TreatsPoints that you can use to redeem free petrol at Petronas
Maybank Visa Flex
Available in four different colors and full of cost-saving features to give you financial flexibility
OCBC Titanium MasterCard Blue/Pink
The ideal companion for overseas and online spend. Enjoy 1% uncapped rebate on online transactions and overseas spend. Comes in Blue and Pink.
OCBC Great Eastern Platinum MasterCard
Live Great with this amazing cash back card. Earn up to 1% cash back with zero cap and 0% interest instalment plan on insurance premium payments
Public Bank Visa Infinite
Receive up to 1.6% cash back and earn air miles when you spend. To top it all off, the annual fee for this card is waived for life with no strings attached!
Public Bank Petron Visa Gold
Enjoy up to 5% cash rebate at any Petron service station and unlimited 0.5% cash back on other retail purchases!
Frequently Asked Questions (FAQ)
It’s a payment card issued by a financial institution for the purpose of payment of goods and services. It is basically a small loan, because just like a home loan or personal loan, you are essentially borrowing cash from your card-issuer that must be paid back. In technical terms, what happens is that the card issuer opens a revolving account that grants the cardholder a line of credit that is used for payments on credit.
Instead of having to pay off your debts in full each month, a credit card account allows you to have a continuing amount of debt, subject to interest rate charges.
To put it in simple terms, if you pay off the outstanding balance on your statement by the end of the month, you will not be charged any interest. But if there is any outstanding debt, it will be carried over to the following month and an interest rate will be charged. The interest rate is variable and is generally more favourable towards people who pay off their outstanding credit card balance regularly.
In Malaysia, If you have an annual income of RM36,000 or less, you can have any number of cards from a maximum of 2 different card issuers.
If you have an annual income that is higher than RM36,000, this limitation does not apply to you.
There is a large variety of credit card types in Malaysia, each tailored to different lifestyles, spending habits, and purposes. The following categories represent the major types of credit cards that are available to the Malaysian public:
- Cashback Credit Cards These cards provide a cash rebate on your purchases, which allows you to reduce your financial burden and shop with peace of mind. Different cards have different terms for when, where, and how much cashback you can get, so it pays to do your research.
- Rewards Credit Cards This kind of card allows you to accumulate points as you make payments. These accumulated points can be exchanged for a wide variety of things - usually gifts and gadgets from your card issuer’s rewards programme. Some cards even let you trade your points for air miles, use your points like cash to pay for items, or even holiday trips!
- Travel Credit Cards These cards allow you to accumulate points or airmiles for travel purposes, making them suitable for frequent travellers. Most travel cards also give you great complimentary travel insurance coverage, making them a great way to get the most out of your travels.
- Petrol Credit Cards Malaysia has one of the highest car ownership rates in the world. Just about everyone has a car, and everyone who has a car needs petrol. Petrol cards help you by allowing you different petrol-related benefits such as cashback or discounts for petrol from specific companies such as Shell or Petronas, or points that allow you to earn rewards while you fill up your tank.
- Islamic Credit Cards These cards are Syariah-compliant cards, free from Riba, thus they are suitable for proponents of the Muslim faith who have doubts about credit cards. Islamic cards have just as many benefits as conventional credit cards, with the added benefit of allowing pious Muslims to enjoying said benefits without having to compromise their faith.
- No Annual Fee Credit Cards A self-explanatory category of credit cards – this kind of card is suitable for the cost-conscious, as the annual fee is either waived when you meet a minimum number of swipes per year, or the annual fee is free for life.
- Premium Credit Cards As the name states, these cards are premium cards that are suitable for the elite. Although expensive, they offer a wide variety of rewards, exclusive privileges, and first class services that only the wealthy can enjoy.
- Balance Transfer Credit Cards These cards have great balance transfer rates, so you can transfer an existing balance to a brand new card from a different card issuer and take advantage of the lower rate to save on interest costs. You will need to pay a one-time fee to complete the balance transfer, but you stand to save money in the long run, making this type of card a great debt management tool for those who want to tigten their finances.
- Promo Credit Cards These cards come with amazing offers and free gifts that will surely have you smiling from ear to ear. Check out Loanstreet’s Promo Card Page to find out which cards have great promos waiting for you now!
It’s as simple as filling up an application form and submitting the relevant personal documents. On Loanstreet, just press apply and fill in your details. You will receive a phone call from us within 1 working day in order for us to check your eligibility, after which we will submit your application to the banks. From then on you will deal with the banks until your application is approved and your credit card is received.
The documents that you need to provide differ depending on whether you are an employee or self-employed.
Employees require:
- A photocopy of both sides of your MyKad
- Your payslips and bank statements from the last 3 months, OR your EPF statements for the last 3 months.
Self-employed people require:
- A photocopy of both sides of your MyKad
- The latest Borang B /BE with LHDN Acknowledgement
A primary card possesses a credit limit, but a supplementary card does not possess its own limit. Instead, the supplementary card shares the same credit limit as the primary card. The primary cardholder can set specific limits for specific supplementary cards. Supplementary cards also generally have lower annual fees, and often even come free together with a primary card.
Besides the above, supplementary cards share the same features as the primary card.
Visa and MasterCard have different credit card lines/tiers
Visa
- Visa has two tiers of cards, namely Visa Regular credit cards and Visa Signature credit cards. Visa Regular cards come with extended purchase warranties, reward programmes, and various Visa-exclusive discounts and offers at participating establishments.
- Visa Signature cards have all the perks of a Visa Regular card with the added luxury of exclusive dining and retail privileges, travel protection, frequent flyer programmes, and access to the best golf clubs and restaurants in the world.
MasterCard
- MasterCard has three tiers of cards: the base level MasterCard, the World MasterCard, and the World Elite MasterCard.
- The base level MasterCard has equivalent benefits to the Visa Regular Credit Card.
- The World MasterCard and World Elite MasterCard are similar to the Visa Signature line of cards.