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Credit Cards Filter
Credit Card Filter
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Bank
15% p.a.
Free
Up to 5%
Up to 5%, RM 100/mth
Up to 3%
-
Up to 8%
RM 188
13.50%p.a.
8.88%p.a.
Up to 7%
Up to 1.2%
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Up to 1%
RM 100
Up to 5%, RM 50/mth
Up to 1.5%
Up to 5%, RM 88/mth
18%p.a.
Up to 0.2%
Up to 0.1%
Up to 6%
Up to 2%
Up to 12%
Up to 15%
Up to 0.5%
Many believe financial institutions don’t offer free products such as credit cards. However, they couldn’t be more wrong. Numerous card issuers offer credit cards with no annual fees.
You can apply for a credit card with no annual fee and enjoy the benefit of paying zero fees for a lifetime or predetermined period. With such a card, cardholders won’t have to worry about additional expenses building up and breaking their budget.
Most people looking for credit cards worry about credit card annual fees as these expenses tend to build up quickly.
You can tap into some of the best credit card issuers and apply for free-for-life credit cards such as Visa, Mastercard, or American Express.
With that in mind, let’s talk about a credit card annual fee waiver and where to find cards with no annual fees.
While you can find financial institutions that offer credit cards without annual fees, banks and other card issuers have specific requirements that cardholders must follow to qualify for an annual fee waiver.
The most common waiver requirements for credit cards without annual finance charges include a pre-set number of transactions made with the card or a minimum limit a cardholder must spend in a determined period to become eligible for the benefit of avoiding an annual fee.
A typical credit card waiver allows you to avoid paying annual finance charges for one or a few years, depending on the financial institution.
Some banks offer credit cards with no yearly finance charges for the first free years, while others offer the benefit of no annual fee for the first year only.
Although many see this benefit as an advantage and would rather opt for no annual fee credit cards, fee waivers aren't a bad alternative.
People prefer free credit cards because they help save some cash by simplifying their spending habits.
It all comes down to personal preferences and waiver requirements. Most financial institutions have simple requirements that cardholders can easily follow.
Here are some of the benefits of no-annual-fee credit cards:
For people new to credit and first-time applicants, a credit card with no annual fee is an excellent starting point toward building credit and establishing a healthy credit score.
This type of card requires simple maintenance and responsible spending behavior to take your credit history to the next level.
Since different credit cards have specific requirements, here's our overview of the best free-for-life and annual fee-waiver credit cards.
A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.
Today, consumers often use credit cards as payment for their purchases since they are convenient and often come with benefits and incentives that can result in additional discounts for cardholders. With a wide variety of these cards with various advantages, you might ask how to pick the ideal one for your financial needs. We have collected the following FAQ to enable you to understand the most relevant questions regards credit cards, including user conditions, interest rates, and primary payment terms.
Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.
You can get an annual fee waived if you meet the requirements, such as swiping your card as many times as required or spending a minimum monthly or yearly limit.
Using your card responsibly is vital to avoid paying fees and penalties.
Getting an annual fee waived helps you save money in the long run while earning various rewards. In addition, it helps improve your credit and establish a positive credit history.
Minimum requirements for qualifying for a card with an annual fee waiver vary from issuer to issuer.
Most financial institutions have two main requirements:
According to the Malaysian bank, Bank Negara Malaysia, people can own as many credit cards as they wish if they earn more than the minimum annual income requirement.
However, they can't hold more than two credit cards if they earn less than the minimum income.
You can pay your credit card balance early or on time. Making timely payments every month allows you to keep your credit card and avoid additional fines and charges like interest, fees, and penalties. Making a late payment could also harm your credit score.
Here's how to pay your credit card balance:
You can use an online application form to apply for a no-annual-fee card. Employed customers will need a copy of their ID, the latest income slip and EA statement, the EPF statement, and a copy of the employer's confirmation.
If you're self-employed, check the document requirement with your financial institution.
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