7 Top Credit Cards with Unconditional Lifetime Annual Fee Waiver!

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7 Top Credit Cards with Unconditional Lifetime Annual Fee Waiver!

If there’s one reason to get yourself a shiny new plastic card, it’s the benefits. From cashback on all your retail purchases to complimentary travel insurance coverage, you sure will get the best value on your expenses with the right credit card in your wallet.

The only concern is at times you need to spend hefty annual fees or meet steep spending requirements in order to take advantage of great credit card benefits. The annual fee you pay may or may not justify the benefits you get (that’s a different debate), but still it’s nothing like owning a credit card that doesn’t charge any annual fees — meaning if you do not miss a single monthly payment (and thus save on interest charges and late payment fees), you get to avail the card benefits FOR FREE! Yes, you read that right, you can enjoy free cashback, free reward points that can be redeemed for free merchandise, so on and so forth.

Then there are some credit cards that do waive off the annual fee but only when you meet certain conditions, be it minimum monthly or yearly spending requirements or a number of swipes in a year. But we have not included such credit cards in this list, because we know exactly what you’re looking for — credit cards with zero annual fees without any strings attached!

So here are 7 credit cards (in no particular order) with unconditional lifetime annual fee waiver. Go through all the options, and see which one is best in line with your lifestyle requirements and affordability.

1. Standard Chartered Visa Platinum: Up to 5x reward points and a chance to bag 5,000 bonus points every month!

Image source: BBazaar Malaysia

No annual fees for life – that’s one of the biggest highlights of the Standard Chartered Visa Platinum (full review here). But that’s not all you get! Every time you spend at a restaurant or a departmental store or overseas, you earn 5x 360° Rewards Points. And for all your other retail expenses, you will earn 1x rewards points.

Other things you should know about

  • If you spend a minimum of RM1,500 each month, you will earn 5,000 bonus points
  • The 360° Reward Points you earn never expire and you can redeem them for a wide range of products from the bank’s catalogue
  • You have to be at least 21 years old to sign up for this card
  • Your annual income has to be a minimum of RM24,000

Liked this credit card? Apply for it now on BBazaar Malaysia and get an exciting free gift!

Standard Chartered Visa Platinum
Card Type : Rewards
Bbazaar promotion : A Huawei Y6 2018 phone for free. T&Cs apply
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  • Get 5,000 bonus points on a minimum spend of RM1,500 per month

    Earn 5x points on dining, departmental store purchases, and overseas spends

    Earn 1x points on all other local spends

  • Minimum income: RM24,000 p.a.

    Minimum age: 21 years old

    For salaried: Copy of NRIC (both sides), last 1 month’s salary slip and bank statement, last 6 months’ salary slip and bank statement for commission earners, latest EPF Statement, latest Borang BE(Full submission to LHDN)

    For self-employed: Copy of NRIC (both sides), last 6 months’ bank statement and Business Registration Form 9, 24, 49, latest EPF Statement, latest Borang B/BE(Full submission to LHDN)

  • Annual fee: Waived for life (Principal card and supplementary card)

    Interest rates: 15-18% p.a.

    Late payment fee: 1% of outstanding balance subject to a minimum of RM10 and a maximum of RM100

Also check out: 6 Best No-Frills Credit Cards to Add Value to Your Spends

2. Citi Simplicity+ Card: 10% interest back every month plus no late payment charges

Image source: BBazaar Malaysia

You will never have to worry about maintenance with the lifetime annual fee waiver on the City Simplicity+ Card (full review here). And there’s more. You get 10% interest back on purchases and cash advances every month when you pay at least the minimum amount due on time. All the rebates you earn through interest back will be automatically credited to your card account. What’s more, there’s no capping on the amount of rebates you can earn!

Other things you should know about

  • This card doesn’t charge any late payment or over-limit fees
  • You can get a maximum credit limit of up to RM450,000
  • You have to be a minimum of 21 years to be eligible for this card
  • Your monthly income should be a minimum of RM2,000 (or RM24,000 p.a.)

Liked this credit card? Apply for it now on BBazaar Malaysia and get an exciting free gift!

Citi Simplicity+ Card
BBazaar promotion : A Huawei Y6 2018 phone for free. T&Cs apply
Apply Now
  • Get 10% interest back on purchases and cash advances every month if you pay at least the minimum amount due on time

    There’s no limit on the amount of rebate you can get

    Zero late payment charges or over limit fees

  • Minimum income – RM24,000 p.a

    Minimum age – 21 years old

    For Salaried Employees: Copy of MyKad, latest EPF statement, latest 6 months’ salary slips, latest 6 months’ bank statements and Form BE with tax payment receipt

    For Self-Employed Professionals: Copy of MyKad, Business Registration Certificate (ROC & ROB), latest 6 months’ bank statements and Form BE with tax payment receipt

  • Annual fee: Principal card – Free for life. Supplementary card – Free for life

    Interest rates: 15-18% p.a.

    Late payment charges: Nil

Check out! 6 Top Credit Cards with Monthly Income Requirement of RM2,000

3. RHB Visa Signature: Up to 6% cashback and 5x complimentary lounge accesses

Image source: RHB

The first highlight of the RHB Visa Signature – a lifetime annual fee waiver. You also get up to 6% cashback on all your online, entertainment, shopping, overseas, and other retail transactions charged to the card.

Other things you should know about

  • You get 5x complimentary access to Plaza Premium Lounges in Malaysia and Singapore
  • From the sixth visit, you’ll get a 25% discount on walk-in rates at Plaza Premium Lounges
  • Enjoy complimentary golf fees at various golf clubs in Malaysia
  • Stay protected during your travels with an automatic insurance coverage of up to RM600,000
  • You have to spend a minimum of RM3,500 and above to get 6% cashback on your online, entertainment, and shopping expenses (capped at RM30)
  • You have to spend a minimum of RM3,500 and overseas transactions to get 2% cashback (capped at RM100)
  • There’s no capping on 0.2% cashback for other retail expenses
  • You can earn cashback only at participating merchant outlets for online, entertainment, and shopping expenses
  • You need to be at least 21 years old with a minimum annual income of RM80,000 to apply for this credit card

Related: 7 Top Rewards Credit Cards that Make Spending More Fun!

4. Maybank 2 Gold Cards: 5% cashback on weekend spends, 5x TreatsPoints too

Image source: Maybank

You don’t have to pay any annual fees ever for the American Express and Mastercard or Visa Card when you apply for the Maybank Gold 2 Cards. Also, when you shop on the weekends with your Maybank 2 American Express Card, you get 5% cashback on your expenses. You also get 5x TreatsPoints on your retail expenses with your Maybank 2 American Express Card. And with your Maybank 2 Mastercard, you earn 1x TreatsPoints on other retail expenses.

Other things you should know about

  • For your petrol expenses, you get 5x TreatsPoints with your American Express Card and 1x TreatsPoints with your Maybank 2 Mastercard or Visa
  • The cashback on retail expenses is capped at RM50 each month
  • You have to be a minimum of 21 years to sign up for this card
  • The minimum annual income requirement for this card is RM30,000

Related: Love Cashback? Here Are 5 Credit Cards You Must Check Out!

5. Hong Leong Visa Infinite: Get Enrich Miles every time you spend, host of other travel benefits too

Image source: Screenshot from bank website

If you thought owning a travel credit card is an expensive affair, think again. The Hong Leong Visa Infinite comes with a lifetime annual fee waiver with no conditions attached. And you earn Enrich Miles on your transactions too! For every RM2.8 you spend locally, you earn 1 Enrich Mile, and you get 1 Enrich Mile for every RM1.8 you spend overseas too.

Other things you should know about

  • You will also enjoy 4x complimentary access to Plaza Premium Lounges in Malaysia and Singapore for the first year
  • You get automatic travel insurance of up to RM3 million, which covers travel accidents and travel-related incidents as well
  • You can get all your queries answered with access to the Visa Infinite Concierge Services
  • The minimum age requirement is 21 years
  • You have to earn a minimum of RM150,000 a year

Related: 6 Top Travel Credit Cards in Malaysia That Help You Save More

6. AmBank Platinum: Up to 2x reward points on offer, RM1 million travel insurance coverage too

Image source: Screenshot from bank website

Maintenance gets easier with the lifetime annual fee waiver available on the AmBank Visa/Mastercard Platinum. And there are many more benefits you can look forward to! You will earn 2x AmBonus Points on your overseas expenses, and 1x AmBonus Point for every RM1 you spend locally. You can also convert these points to miles to get discounted airfares, seat upgrades, and much more.

Other things you should know about

  • Enjoy automatic travel insurance coverage of up RM1 million when you buy your tickets with this card
  • Get access to an array of dining and hotel room privileges
  • Get assistance for travel information, reservations, business services, and more with the 24-hour Visa / MasterCard Customer Service and Concierge Service
  • The first 3 supplementary cards are free for life. From the fourth supplementary card, you will have to pay an annual fee of RM188 p.a.
  • The minimum age requirement is 21 years
  • The minimum annual income requirement for this card is RM48,000

Related: 5 Great Credit Cards with Monthly Income Requirement of RM5,000

7. Public Bank World Mastercard: Up to 3x air miles to earn, RM500,000 complimentary travel insurance coverage too

Image source: Public Bank

You no longer have to set aside money for your annual fees with the Public Bank World Mastercard’s lifetime annual fee waiver. And this isn’t the only highlight! For every RM1 you spend overseas, you will earn 3x Air Miles Points. And for every RM1 you spend locally, you will get 1x Air Miles Point.

Things you should know

  • Stay protected and travel with a peace of mind with the automatic travel insurance coverage of up to RM500,000
  • Enjoy low points to frequent flyer programme miles redemption with conversion rates of 1,000 Enrich Miles/2,000 AirAsia BIG Points for every 6,000 Air Miles Points
  • The Air Miles you earn are valid for 3 years
  • You have to be a minimum of 21 years to sign up for this card
  • Your minimum annual income has to be RM100,000

And if you’re on the lookout for a credit card, our ongoing promotion might interest you.

Want more options? Check out our reviews of other popular credit cards in Malaysia:

All information provided in this article/blog, published on this website is strictly for general information purpose only. BBazaar does not provide any warranty about the authenticity and accuracy of such information. BBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Please visit the websites of respective banks/financial institutions for more details about products.

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