If you’re looking for a credit card that offers a host of benefits and rewards, the CIMB Visa Signature card may be the perfect choice for you. This card is designed to help you maximise your spending by providing exclusive deals and some of the highest cashback rewards for shopping. With benefits across diverse categories from online shopping to groceries, beauty and wellness, and more, the CIMB Visa Signature card is a great way to make your money go further.
One of the key features of the CIMB Visa Signature card is its generous cashback rewards programme. You can enjoy up to 10% cashback on dining, groceries, and online spend in foreign currencies. This makes it an excellent choice for frequent travellers or those who frequently shop online. In addition, the card offers over 1,000 deals and discounts, helping you save even more money on your purchases.
If you’re interested in applying for the CIMB Visa Signature card, the process is quick and easy. Simply visit the CIMB website and fill out the online application form. You’ll need to provide some basic information, such as your name, address, and income, as well as supporting documents such as your NRIC or valid passport. Once your application has been approved, you’ll receive your card in the mail within a few days.
Key Features and Benefits
If you’re looking for a credit card that offers generous cashback rewards and exclusive lifestyle privileges, look no further than the CIMB Visa Signature Card. Here are some of the key features and benefits that make this card a great choice:
Generous Cashback Offers
One of the biggest draws of the CIMB Visa Signature Card is its generous cashback offers. With this card, you can earn up to 10% cashback on a wide range of spending categories, including online shopping, dining, cruises, beauty, wellness, pet shops, and veterinary services. What’s more, there’s no annual fee to worry about, so you can enjoy these rewards without any extra costs.
Exclusive Lifestyle Privileges
In addition to its cashback rewards, the CIMB Visa Signature Card also offers a range of exclusive lifestyle privileges. These include access to exclusive deals and promotions from a wide range of lifestyle merchants, as well as special discounts on entertainment, beauty and wellness, and travel. With this card, you can enjoy all the perks of a premium lifestyle without breaking the bank.
Travel Perks
If you’re a frequent traveller, the CIMB Visa Signature Card also offers a range of travel perks to help you save money and stay protected on the road. You’ll enjoy complimentary travel insurance of up to $500,000, as well as special discounts and promotions from a range of cruise lines and other travel providers. Whether you’re planning a weekend getaway or a longer trip abroad, this card has you covered.
Overall, the CIMB Visa Signature Card is a great choice for anyone looking for a credit card that offers generous rewards and exclusive lifestyle privileges. With its unlimited 0.2% cashback on all other retail purchases and 10% cashback rate on select spending categories, this card is sure to help you save money and live your best life.
Applying for the CIMB Visa Signature Card
If you are looking for a credit card that offers attractive cashback rewards, the CIMB Visa Signature Card could be the perfect choice for you. Applying for the card is a straightforward process that can be completed online in just a few minutes.
Eligibility Criteria
Before you apply for the CIMB Visa Signature Card, make sure you meet the eligibility criteria. To be eligible for the card, you must be a Singaporean or Singapore Permanent Resident (PR) aged 21 years or above. Additionally, you must have a minimum annual income of $120,000.
Required Documents
To complete your application, you will need to provide several documents, including:
- NRIC or passport
- Income tax notice of assessment
- Payslip
- CPF contribution history statement
- Bank statement
Make sure you have all the required documents ready before you start your application. This will help to ensure a smooth and speedy application process.
Overall, the CIMB Visa Signature Card is a great choice for anyone looking for a credit card with attractive cashback rewards. With its easy online application process and straightforward eligibility criteria, applying for the card is a breeze.
Understanding Fees and Charges
When it comes to choosing a credit card, understanding the fees and charges is essential. The CIMB Visa Signature card is a popular choice among Singaporeans, thanks to its attractive cashback rewards and no annual fee. However, there are other charges you need to consider before applying for this card.
Annual Fees and Waivers
One of the most significant advantages of the CIMB Visa Signature card is that it has no annual fee. This means that you won’t have to pay any fees to use the card, making it a great option for those who want to save money. Additionally, the card offers a fee waiver for the first year, which means that you can enjoy the benefits of the card without having to pay anything.
Other Charges to Consider
While the CIMB Visa Signature card has no annual fee, there are other charges you need to consider. For example, if you don’t meet the minimum spend requirement of S$800 in a statement month, you won’t be eligible for the 10% cashback reward. This means that you need to make sure you spend enough each month to take advantage of the rewards.
Another charge to consider is the foreign currency transaction fee. If you use your CIMB Visa Signature card to make purchases in a foreign currency, you will be charged a fee of 1% of the transaction amount. This means that if you travel overseas frequently or make purchases from international websites, you need to factor in this fee.
Late payment charges are another thing to keep in mind. If you don’t pay your bill on time, you will be charged a late payment fee of S$100. This can add up quickly if you miss multiple payments, so it’s essential to make sure you pay your bill on time.
Finally, cash advance fees are another charge to consider. If you use your CIMB Visa Signature card to withdraw cash from an ATM, you will be charged a fee of 6% of the transaction amount or S$15, whichever is higher. This means that it’s best to avoid using your credit card for cash advances if possible.
Overall, the CIMB Visa Signature card is an excellent choice for those who want to earn cashback rewards without paying an annual fee. However, it’s important to understand the other charges that come with the card to make an informed decision. By keeping these charges in mind, you can use your CIMB Visa Signature card to your advantage and save money while enjoying the benefits of the card.
Managing Your Card Efficiently
Managing your CIMB Visa Signature Card efficiently is essential to maximize your cashback rewards and minimize your expenses. Here are some tips to help you manage your card efficiently.
Online Banking and Payment Options
One of the easiest ways to manage your CIMB Visa Signature Card is through online banking. With CIMB Clicks, you can check your card balance, view your statement, and make payments online. You can also set up automatic payments through CIMB Clicks to ensure that you never miss a payment.
CIMB also offers a 0% i.Pay Plan, which allows you to convert your retail purchases into interest-free installments of up to 24 months. This is a great option if you have large purchases that you want to pay off over time without incurring interest charges.
Credit Card Statement and Repayment
It is important to keep track of your credit card statement and repayment due date to avoid late payment fees. You can receive your statement via email or physical mail, and you can also view it online through CIMB Clicks.
To ensure that you never miss a payment, you can set up SMS or email alerts to remind you of your repayment due date. CIMB also offers a variety of payment options, including online banking, AXS, and SAM kiosks, as well as GIRO payment.
Remember to always pay your statement balance in full to avoid interest charges and maximize your cashback rewards. If you can’t pay your full balance, try to pay as much as you can to minimize your interest charges.
Overall, managing your CIMB Visa Signature Card efficiently is crucial to make the most of your cashback rewards and minimize your expenses. By utilizing online banking and payment options, and keeping track of your statement and repayment due date, you can stay on top of your spending and avoid unnecessary fees.
Rewards and Redemption
As a CIMB Visa Signature cardholder, you can enjoy a range of rewards and redemption options. Here are some of the perks available:
Cashback and Rebates
The CIMB Visa Signature Credit Card offers up to 10% cashback on selected categories, including online shopping, beauty and wellness, and groceries. However, there is a cashback cap applied, which is S$100 per month. This means that you can enjoy up to S$100 cashback per month on your spending in these categories.
Gifts and Promotion Claims
In addition to cashback, the CIMB Visa Signature Credit Card also offers gift options and promotion claims. For example, you can claim S$280 cash via PayNow when you apply and spend a minimum of S$500 within the first two months of card approval. You can also enjoy discounts and promotions at selected merchants, such as Lazada and Zalora.
To claim your gifts and promotions, simply follow the instructions provided by CIMB. Make sure to read the terms and conditions carefully to ensure that you are eligible for the rewards.
Overall, the CIMB Visa Signature Credit Card offers a range of rewards and redemption options that can help you save money on your spending. Whether you are looking for cashback, discounts, or gifts, this card has something to offer. So why not apply today and start enjoying the benefits of being a CIMB Visa Signature cardholder?
Frequently Asked Questions
What exclusive perks can I enjoy with the CIMB Signature Card in Singapore?
As a CIMB Signature Cardholder in Singapore, you can enjoy exclusive perks such as 10% cashback on your monthly spend of at least S$800. You can also enjoy unlimited 0.2% cashback on other retail purchases with no minimum spend or monthly cap with the CIMB Visa Signature Credit Card. Additionally, you can enjoy complimentary travel insurance coverage of up to S$1,000,000 when you charge your air tickets to your CIMB Signature Card.
How can I gain lounge access with my CIMB Signature Card?
You can enjoy complimentary access to selected airport lounges in Singapore and across the Asia Pacific region by charging your air tickets to your CIMB Signature Card. To enjoy this benefit, simply present your CIMB Signature Card and your boarding pass at the lounge reception.
What are the eligibility criteria for obtaining a CIMB Credit Card as a foreigner in Singapore?
Foreigners residing in Singapore are eligible to apply for a CIMB Credit Card. However, they must meet the following eligibility criteria: be at least 21 years old, have a minimum income of S$30,000 per annum, and have a valid employment pass or work permit.
Can you highlight the main differences between the CIMB Signature Card and other credit cards?
Compared to other credit cards in Singapore, the CIMB Signature Card offers one of the highest cashback rates in the market, with a minimum monthly spend requirement of S$800. Additionally, the CIMB Signature Card offers unlimited 0.2% cashback on other retail purchases with no minimum spend or monthly cap. Furthermore, the CIMB Signature Card charges no annual fees, making it a cost-effective option for those looking to enjoy exclusive perks and benefits.
Is the CIMB Visa Signature card widely accepted overseas?
Yes, the CIMB Visa Signature Card is widely accepted overseas, as it is a Visa-branded credit card. You can use your CIMB Visa Signature Card to make purchases and withdraw cash at millions of merchants and ATMs worldwide.
How do I maximise the rewards and benefits of my CIMB World Mastercard?
To maximise the rewards and benefits of your CIMB World Mastercard, ensure that you meet the minimum monthly spend requirement of S$800 to enjoy 10% cashback on your spending. Additionally, charge your air tickets to your CIMB World Mastercard to enjoy complimentary travel insurance coverage of up to S$1,000,000. Finally, use your CIMB World Mastercard to make purchases and withdraw cash at millions of merchants and ATMs worldwide to earn cashback rewards on your spending.