Credit Cards

Best CIMB Credit Cards in Singapore – Credit Card Reviews 2018

cimb credit card singapore review 2018

Joanne Poh

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Let’s all be honest and admit that CIMB isn’t exactly the most glamorous bank out there, especially when it comes to credit cards meant to impress people.

But we don’t care, because we believe credit cards should be used for their perks, and not to make up for a lack of stunning good looks. And CIMB happens to have some pretty attractive offerings — especially as their credit cards have no annual fees, ever.

Best CIMB credit cards in Singapore 2018

Well, actually CIMB only has 4 credit cards, of which 2 are super high level cards for ultra high earners. Let’s check out what the 4 CIMB credit cards are like:

Best for Best CIMB credit card Key benefits
Young & single CIMB Visa Signature Card 10% cashback on dining, nightlife, online shopping (foreign currency)
Travellers CIMB Platinum Mastercard 10% cashback on travel, health, beauty & wellness
Golfers CIMB World Mastercard (annual income $120,000) Golf privileges around Southeast Asia
Jetsetters CIMB Visa Infinite (annual income $120,000) 2% cashback on travel, airport lounge access, dining privileges

 

CIMB Visa Signature – cashback for dining, nightlife, online shopping

We’ve got a soft spot for the CIMB Visa Signature. Not only is it free to use for life, but it’s also one of the most solid cashback credit cards out there.

You get a whopping 10% cash rebate on dining, nightlife and online spending in foreign currency. 10% is pretty hard to beat, and we’re saying that on a blog that’s churned out hundreds of articles on credit cards, so you’d better believe it!

The minimum spending requirement of $500 isn’t too hard to reach, but note that you’ve got to use the card at least 8 times in a statement month, spending at least $30 each time, to qualify. Still, given the many types of spending that qualify for 10% cashback, that shouldn’t be too hard.

Just a single weekend spent dining out and having drinks with friends could already get you close to satisfying the minimum spending requirements. Throw in a spot of online shopping and that 10% rebate will be yours.

Key features:

  • 10% cash rebate on dining and nightlife (fast food eateries, restaurants, bars, lounges, clubs, caterers)
  • 10% cash rebate on online spending in foreign currencies
  • 0% admin fee on foreign currency transactions
  • To qualify for 10% cash rebate, spend at least $500 in a month, including at least 8 transactions of at least $30

Essential info:

  • Income requirement: $30,000
  • Annual fee: None

 

CIMB Platinum Mastercard – cashback for travel spending

The CIMB Platinum Mastercard plugs the gaps the CIMB Visa Mastercard has missed. It, too, offers a crazy 10% cash rebate, but in different areas—travel spending and health, beauty and wellness.

The 10% travel rebate is pretty straightforward, and applies to money spent on air tickets, accommodation, cruise tickets, railways and ferries.

You also get 10% rebate when you spend at hospitals, dentists, opticians, pharmacies, hairdressers, cosmetics, massage parlours and spas. Few cards reward you for these things, and we’re pretty sure no other card gives you as much as 10% cashback. So if you’re a hypochondriac or spa and beauty addict, you’ll be able to save a ton.

The minimum spending requirements are the same as CIMB Visa Signature’s. And since the CIMB Platinum Mastercard charges no annual fees, it’s worthwhile signing up for it in addition to the former.

Key features:

  • 10% cash rebate on travel spending (airlines, hotels, travel agencies, cruise lines, railways and ferries)
  • 10% cash rebate on health, beauty and wellness (hospitals, nursing and personal care facilities, doctors, dentists, optometrists, opticians, chiropractors, pharmacies, cosmetic stores, hairdressers, massage parlours and spas)
  • Minimum spending requirement of $500 and at least 8 transactions of $30 or more
  • 0% admin fee on foreign currency transactions

Essential info:

  • Income requirement: $30,000
  • Annual fee: None

 

CIMB World Mastercard – golf privileges

The main benefits offered by the CIMB World Mastercard are the complimentary green fees at golf courses, and the unlimited 1% rebate on retail spending with no minimum spending requirement.

Before the worlds “But I don’t play golf” can leave your mouth, realise that this card is only for people with an annual income of at least $120,000.

Key features:

  • Unlimited 1% cash rebate on all retail purchases locally and overseas
  • Complimentary green fees at golf courses in Singapore Malaysia, Indonesia, Thailand, Cambodia, Philippines and Vietnam
  • 20% to 50% off at selected restaurants
  • Complimentary travel insurance coverage of up to $1,000,000 when you charge your full travel fare

Essential info:

  • Income requirement: $120,000
  • Annual fee: None

 

CIMB Visa Infinite – for high spending jetsetters

Like the previous card on this list, the CIMB Visa Infinite isn’t an option unless you have an annual income of at least $120,000.

If you haven’t stopped reading yet, this card offers airport lounge passes and discounts at dining and retail establishments. You also get 2% on your travel, overseas and foreign currency spending, which is nice but comes with a $2,000 minimum spending requirement and can be topped by many other cards out there.

Key features:

  • 2% rebate on travel spending, overseas spending and online spending in foreign currency
  • 1% rebate on other retail spending
  • Minimum spending requirement of $2,000 a month to qualify for cashback
  • 3 complimentary airport lounge visits at over 1,000 lounges worldwide
  • Discounts at dining, retail and lifestyle partners worldwide

Essential info:

  • Income requirement: $120,000
  • Annual fee: None

What’s your favourite CIMB credit card? Share your recommendations in the comments!

 

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The Best Cashback Credit Cards in Singapore 2018

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Header image by Uwe Swarzchbach on Flickr

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Joanne Poh

In my previous life, I was a property lawyer who spent most of my time struggling to get out of bed or stuck in peak hour traffic. These days, as a freelance commercial writer, I work in bed, on the beach, in parks and at cafes, all while being really frugal. I like helping other people save money so they can stop living lives they don't like.