If you’re looking for a credit card that offers cashback rewards without annual fees, the CIMB AWSM Card might be a good option for you. This no-fee credit card is available to individuals under 35 years old and earning just S$18,000/year. With unlimited 1% cashback on everyday spending, including telco expenses, the CIMB AWSM Card is perfect for students or NSFs looking for an entry-level credit card.
The CIMB AWSM Card is a fuss-free card with no minimum spend required. While the rebate isn’t the highest in the market, it’s still an excellent option for those who want to earn rewards on their daily expenses without worrying about annual fees. Additionally, the card offers over 1,000 regional deals and discounts, making it a great choice for those who want to maximize their benefits.
Overall, the CIMB AWSM Card is a solid choice for those looking for a low-cost credit card that offers cashback rewards. With no annual fees and unlimited 1% cashback on dining, entertainment, online shopping, and telco expenses, the CIMB AWSM Card is a great option for students and NSFs looking to earn rewards on their daily expenses.
Overview of CIMB AWSM Card
If you’re a student or a low-income working adult living in Singapore, the CIMB AWSM Card is an excellent option for you to consider. This no-fee credit card offers unlimited 1% cashback on everyday spending, making it an attractive choice for those who want to earn rewards without having to worry about minimum spending requirements or annual fees.
Key Features
One of the key features of the CIMB AWSM Card is its unlimited 1% cashback on a variety of key spend categories, including dining, entertainment, online shopping, and telco bills. This means that every time you use your card to pay for these expenses, you’ll earn cashback that can be redeemed for a variety of rewards.
Another great feature of the CIMB AWSM Card is its no annual fee policy. This means that you won’t have to pay any fees to use the card, making it an affordable option for students and low-income working adults.
Eligibility Criteria
To be eligible for the CIMB AWSM Card, you must be a Singaporean or Permanent Resident aged 18 years and above. Students and NSFs are also eligible to apply, even if they have no income. However, if you’re a low-income working adult, you’ll need to earn at least S$18,000 per year to be eligible for the card.
Additionally, the maximum credit limit for the CIMB AWSM Card is S$500, which may be a drawback for those who need a higher credit limit. However, the card does offer a variety of other benefits, such as CIMB deals and discounts, and transit with ease with SimplyGo.
Overall, the CIMB AWSM Card is an excellent choice for students and low-income working adults who want to earn rewards without having to worry about annual fees or minimum spending requirements. With its unlimited 1% cashback on key spending categories, this card is a great way to save money on everyday expenses while earning rewards at the same time.
Maximising Benefits
As a CIMB AWSM credit cardholder, you can maximise your benefits by taking advantage of the cashback rewards, exclusive discounts, and no annual fee perks.
Cashback Rewards
With the CIMB AWSM credit card, you can earn unlimited 1% cashback on dining, entertainment, online shopping, and telco spendings. This means that every time you use your card to pay for your meals, movie tickets, or online purchases, you get money back. The rebate may not be the highest in the market, but it’s excellent for a fuss-free card with no minimum spend.
Exclusive Discounts
CIMB AWSM credit cardholders can enjoy over 1,000 regional deals and discounts. These discounts cover a wide range of categories, including dining, entertainment, groceries, and online shopping. By taking advantage of these exclusive discounts, you can save money on your everyday expenses and stretch your budget further.
No Annual Fee Perks
One of the best perks of the CIMB AWSM credit card is that it has no annual fee for life. This means that you don’t have to worry about paying a yearly fee just to keep your card active. Additionally, the card has no minimum spend requirement, which makes it a great option for students and low-income adults.
In conclusion, the CIMB AWSM credit card is a great option for those looking for an unlimited cashback credit card. With its cashback rewards, exclusive discounts, and no annual fee perks, you can maximise your benefits and save money on your everyday expenses. So, if you’re looking for a credit card that can help you stretch your budget further, the CIMB AWSM credit card is definitely worth considering.
Lifestyle Advantages
If you’re looking for a credit card that offers more than just cashback, the CIMB AWSM Card has a range of lifestyle advantages that can help you save money and enjoy more perks.
Dining and Entertainment
The CIMB AWSM Card offers a range of dining and entertainment benefits that can help you save money when you go out. With exclusive discounts and promotions at restaurants, movies, and other entertainment venues, you can enjoy your favourite activities without breaking the bank.
Travel and Overseas Spending
If you’re a frequent traveller, the CIMB AWSM Card can help you save money on your trips. With no foreign transaction fees and exclusive promotions on travel-related expenses such as petrol and overseas spending, you can make the most of your travels without worrying about extra costs.
Shopping and Lifestyle
The CIMB AWSM Card also offers a range of benefits for shopping and lifestyle expenses. From exclusive discounts on electronics, beauty, and wellness products to promotions at pet shops and luxury goods stores, you can enjoy a range of perks that can help you save money and live your best life.
Whether you’re looking for a credit card that offers cashback, lifestyle perks, or both, the CIMB AWSM Card is a great option to consider. With no annual fees and unlimited 1% cashback on everyday spending, as well as exclusive benefits such as airport lounge access for CIMB World Mastercard, CIMB Visa Signature, and CIMB Visa Infinite cardholders, you can enjoy a range of advantages that can help you save money and enjoy more of the things you love.
Understanding Fees and Charges
Annual Fees Explained
When it comes to credit cards, annual fees can be a bit of a pain point. The good news is that the CIMB AWSM Credit Card has no annual fee. That’s right – you won’t have to pay anything to keep this card in your wallet. This is great news for students and NSF who are just starting out with credit cards and may not have a lot of disposable income.
Interest Rates and Credit Limit
The CIMB AWSM Credit Card has an interest rate of 25.5% per annum. This is a fairly standard rate for credit cards in Singapore, so it’s nothing out of the ordinary. However, it’s important to note that if you don’t pay your balance in full each month, you’ll be charged interest on the outstanding balance.
In terms of credit limit, the CIMB AWSM Credit Card offers a minimum credit limit of $500. This is a good starting point for students and NSF who may not have a lot of income. However, if you have a higher income and a good credit score, you may be eligible for a higher credit limit.
Credit Card Annual Fee Waiver
One thing to note is that while the CIMB AWSM Credit Card has no annual fee, there is a S$32.1 fee for the first year. After that, the annual fee is waived. This is a common practice among credit card issuers, and it’s important to read the fine print to understand the fees and charges associated with any credit card you’re considering.
Min. Spend
Unlike some other credit cards that require you to meet a minimum spend to earn rewards, the CIMB AWSM Credit Card has no minimum spend requirement. This means that you can earn cashback on all your spending, no matter how much or how little you spend.
Overall, the CIMB AWSM Credit Card has a great fee structure that makes it an attractive option for students and NSF who are just starting out with credit cards. With no annual fee, no minimum spend requirement, and a competitive interest rate, this card is definitely worth considering.
How to Apply
If you are interested in applying for the CIMB AWSM Card, you can do so by following a few simple steps. Here is what you need to know:
Application Process
The application process for the CIMB AWSM Card is straightforward and can be done online or in person. If you are a Singapore PR or a tertiary student, you can apply online using your SingPass. If you are a salaried employee, you can visit any CIMB branch to apply in person.
To apply online, simply visit the CIMB website and fill out the online application form. The form will take less than 10 minutes to complete, and if you have your SingPass ready (with 2FA enabled), your form will be pre-filled with no income documents required.
If you prefer to apply in person, you can visit any CIMB branch and speak to a customer service representative. They will guide you through the application process and help you fill out the necessary forms.
Required Documents
To apply for the CIMB AWSM Card, you will need to provide some basic information and documentation. Here is a list of the documents you will need to prepare:
- NRIC or Passport
- Latest computerised payslip or latest 6 months’ CPF contribution history statement
- For students: Student ID or proof of enrolment in a tertiary institution
Once you have all the necessary documents, you can submit your application online or in person. The approval process is quick and easy, and you should receive your card within a few days of your application being approved.
Overall, the CIMB AWSM Card is a great option for students, low-income working adults, and anyone looking for a fuss-free credit card with no annual fees. With unlimited 1% cashback on everyday spending (including telcos) and no minimum spend, it is a universal card that can benefit anyone. So why not apply today and start enjoying the benefits of the CIMB AWSM Card?
Frequently Asked Questions
What are the perks of using the CIMB AWSM Credit Card for students?
The CIMB AWSM Credit Card is an excellent option for students as it offers a great way to earn cashback in key spend categories, such as dining and entertainment, online shopping, and telco spendings. Additionally, students can enjoy over 1,000 regional deals and discounts. With no annual fee for life, this card is a great way for students to start building their credit score.
How can one maximise rewards with the CIMB AWSM promo codes?
To maximise rewards with the CIMB AWSM promo codes, it is important to keep an eye out for promotions and deals offered by the bank. One can also use the card for regular spendings, such as dining out or shopping online, to earn cashback. Additionally, one can consider using the card for telco spendings as it offers cashback for this category.
What is the process for setting a credit limit on the CIMB AWSM Card?
To set a credit limit on the CIMB AWSM Card, you can contact the bank’s customer service hotline or visit a CIMB branch. The bank will assess your creditworthiness and determine the appropriate credit limit for you.
Are there any specific fees and charges associated with CIMB Singapore accounts?
Yes, there are specific fees and charges associated with CIMB Singapore accounts. These fees include annual fees for credit cards, late payment fees, cash advance fees, and foreign currency transaction fees. It is important to read the terms and conditions carefully before applying for a CIMB account.
Is it possible to withdraw cash using the CIMB AWSM Credit Card?
Yes, it is possible to withdraw cash using the CIMB AWSM Credit Card. However, cash withdrawals are subject to cash advance fees and interest charges. It is recommended to use the card for regular spendings to earn cashback instead of withdrawing cash.
At what age can one apply for a credit card in Singapore, and what are the requirements?
In Singapore, one can apply for a credit card at the age of 21. However, students aged 18 and above can apply for a student credit card with a lower credit limit. The requirements for applying for a CIMB AWSM Credit Card include being a Singaporean or Singapore Permanent Resident and not being an existing CIMB credit card holder.