I have not paid any annual fees on my credit cards before. Why? because i use them. if you don't use them and the bank charges you for the annual fees, just cancel. So ya, even a card with no annual fees is not going to disrupt the market.
FYI, CIMB card has no annual fees. don't see it disrupting the market at all.
https://www.cimbbank.com.sg/en/personal/products/cards/credit-cards/cimb-platinum-mastercard.html
Member For Life, With No Annual Fee
- Experience the convenience and freedom of owning a CIMB Credit Card with no annual fees for the Principal Cardmember, ever.
Weird. I used my cards but there is an annual fee. It’s waived though.