Top 5 No Annual Fee Credit Cards in Malaysia 2025
No annual fee credit cards are a great way to enjoy credit benefits without worrying about yearly charges. These cards allow you to earn cashback, rewards, and other perks while keeping costs low. Here, we list the top 5 no annual fee credit cards in Malaysia for 2025, covering their features, benefits, drawbacks, and who they are best suited for.
Comparison: Top 5 No Annual Fee Credit Cards in Malaysia
| Credit Card | Interest Rate (p.a.) | Cashback/Rewards | Key Benefits | Best For |
|---|---|---|---|---|
| Maybank 2 Gold Card | 8.88% | 5% weekend cashback | TreatsPoints, free travel insurance | General users & reward seekers |
| CIMB e Credit Card | 9.88% | 12x e-wallet rewards | Shopee & Lazada discounts | Online shoppers & e-wallet users |
| Public Bank Quantum Visa/MasterCard | 11.99% | 5% cashback | Cashback on online & entertainment | Shopee, Grab, Spotify users |
| HSBC Amanah MPower Platinum | 10.99% | 8% cashback | Supermarket & petrol rebates | Petrol & grocery spenders |
| RHB Shell Visa Credit Card | 12.00% | 6% petrol cashback | Shell discounts & monthly rebates | Frequent drivers |
Detailed Review of the Best No Annual Fee Credit Cards
1. Maybank 2 Gold Card
✅ Interest Rate: 8.88% p.a.
✅ Annual Fee: Free for life
✅ Key Benefits:
- 5% weekend cashback (capped at RM50 per month)
- Earn TreatsPoints on every transaction
- Free travel insurance
✅ Best For: Those who want cashback & rewards without annual fees
2. CIMB e Credit Card
✅ Interest Rate: 9.88% p.a.
✅ Annual Fee: Free for life
✅ Key Benefits:
- 12x rewards points for e-wallet top-ups (TNG, GrabPay, ShopeePay)
- Exclusive Shopee & Lazada discounts
- 1x reward points on other spending
✅ Best For: E-wallet & online shopping lovers
3. Public Bank Quantum Visa/MasterCard
✅ Interest Rate: 11.99% p.a.
✅ Annual Fee: Free for life
✅ Key Benefits:
- 5% cashback on online shopping, Spotify, Netflix, Grab
- Free travel insurance
✅ Best For: Frequent online spenders & entertainment subscribers
4. HSBC Amanah MPower Platinum
✅ Interest Rate: 10.99% p.a.
✅ Annual Fee: Free for life
✅ Key Benefits:
- 8% cashback on supermarket & petrol (capped at RM15 per month)
- 0.2% cashback on other transactions
✅ Best For: Supermarket & petrol spenders
5. RHB Shell Visa Credit Card
✅ Interest Rate: 12.00% p.a.
✅ Annual Fee: Free for life
✅ Key Benefits:
- 6% cashback on petrol at Shell
- Monthly special fuel discounts
✅ Best For: Drivers who frequently refuel at Shell
How to Choose the Best No Annual Fee Credit Card?
1️⃣ Choose based on lifestyle – If you shop online often, choose CIMB e Credit Card or Public Bank Quantum.
2️⃣ Compare cashback rates – If you spend on petrol & groceries, HSBC Amanah MPower or RHB Shell Visa are better options.
3️⃣ Check interest rates – Maybank 2 Gold Card offers the lowest interest rate (8.88% p.a.).
4️⃣ Look at additional rewards – If you love reward points, Maybank 2 Gold Card and CIMB e Credit Card offer excellent perks.
Final Verdict: Which No Annual Fee Credit Card is Best for You?
🔹 Want the lowest interest rate & weekend cashback? → Maybank 2 Gold Card
🔹 Shop online frequently & use e-wallets? → CIMB e Credit Card
🔹 Spend a lot on Shopee, Grab, Netflix, Spotify? → Public Bank Quantum Visa
🔹 Need cashback on petrol & groceries? → HSBC Amanah MPower Platinum
🔹 Fill up petrol at Shell regularly? → RHB Shell Visa Credit Card
📌 Top Pick: Maybank 2 Gold Card is the best overall choice, offering a low 8.88% interest rate, lifetime free annual fee, and multiple reward benefits.
Choose the best no annual fee credit card that fits your spending habits & maximize your savings! 🚀
