Credit Cards

Best CIMB Credit Cards in Singapore – Credit Card Reviews 2018

cimb credit card singapore review 2018

Joanne Poh

0 Comments

0
Shares

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.

Of the remaining 2 attainable credit cards, there’s the CIMB Visa Signature and the CIMB Platinum Mastercard. CIMB has recently improved both credit cards, with changes effective from 23 Nov 2018 onwards. To clarify, all the cashback categories and T&Cs in this article are updated to reflect the new changes.

Let’s check out what the 4 CIMB credit cards are like:

Best for CIMB credit card Key benefits
Young & single CIMB Visa Signature Card 10% cashback on dining, nightlife, groceries, online spending
Travellers CIMB Platinum Mastercard 10% cashback on travel, health, beauty & wellness, petrol, taxis/Grab
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, groceries and online spending. 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!

Dining & nightlife: Includes restaurants, fast food restaurants, bars, clubs, lounges, caterers. Excludes wedding banquets and restaurants/bars/clubs within hotels. Both local and overseas transactions are included. Note: If you make payment online, it’s classified as a Dining transaction, not Online.

Groceries: All local and overseas transactions made in supermarkets. Online groceries transactions e.g. RedMart are classified as Groceries spending, not Online.

Online spending: All online retail transactions. Excludes insurance, utilities, bills to government bodies, EZ-Link and the other standard exclusions.

There’s a minimum spending requirement of $600, which is very doable given the many types of spending that qualify for 10% cashback.

The only slightly complicated part is when it comes to the cashback cap. There’s a $50 cap for each of the 3 bonus categories, meaning you shouldn’t spend more than $500 a month on each one. Your total cashback for every month is also capped at $100.

Key features:

  • 10% cash rebate on dining and nightlife
  • 10% cash rebate on online spending
  • 10% cash rebate on groceries
  • To qualify for 10% cash rebate, spend at least $600 in a month
  • Cashback capped at $50 per category
  • Total cashback cap $100 per month

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, health, beauty and wellness, petrol and transport.

 

Travel: The 10% travel rebate applies to money spent on flights, hotels, travel agencies, cruise lines and railways. Note that it excludes hotel wedding banquets. Both local and overseas spending qualify.

Transport & petrol: Local and overseas transactions made on buses, trains, private hires, taxicabs and limousines, ferries, and at petrol kiosks. Excludes EZ-Link top ups.

Health, beauty & wellness: The health category includes hospitals, doctors, dentists, optometrists, opticians, chiropractors, pharmacies, nursing and personal care facilities. For beauty and wellness, this includes cosmetics stores (but not department stores), hairdressers, massage parlours, spas. Both local and overseas transactions are included.

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
  • 10% cash rebate on transport & petrol 
  • 10% cash rebate on health, beauty & wellness
  • To qualify for 10% cash rebate, spend at least $600 in a month
  • Cashback capped at $50 per category
  • Total cashback cap $100 per month

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!

 

Related articles

The Best Cashback Credit Cards in Singapore 2018

The Best Air Miles Credit Cards in Singapore 2018

The Best Credit Cards in Singapore for Online Shopping 2018

Header image by Uwe Swarzchbach on Flickr

Keep updated with all the news!

Tags:

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.