If you’re looking for a credit card that offers excellent cashback rewards, the CIMB Visa Signature Credit Card Singapore might be the right choice for you. This card offers up to 10% cashback on dining, groceries, and online spending in foreign currencies, making it one of the most rewarding credit cards in Singapore.
In addition to its cashback rewards, the CIMB Visa Signature Credit Card Singapore also comes with a range of other benefits. These include unlimited 0.2% cashback on other retail purchases with no minimum spend or monthly cap, as well as travel perks such as complimentary travel insurance and access to over 1,000 airport lounges worldwide.
To be eligible for the CIMB Visa Signature Credit Card Singapore, you must be a Singaporean or Permanent Resident with a minimum annual income of $30,000. Applicants must also be at least 21 years old. If you meet these requirements, you can apply for the card online or in person at a CIMB branch.
Key Features and Benefits
If you’re looking for a credit card that offers great cashback rewards and exclusive promotions, the CIMB Visa Signature Card is a great option. Here are some of the key features and benefits of this card:
Cashback Rewards
One of the biggest advantages of the CIMB Visa Signature Card is the cashback rewards it offers. You can get up to 10% cashback on your spending, with no annual fees for life. The card offers the highest cashback rate in the market for groceries and online shopping. You can also get cashback on beauty, pet care, and cruises. Moreover, you can earn unlimited 0.2% cashback on all other retail purchases.
Exclusive Promotions
In addition to cashback rewards, the CIMB Visa Signature Card offers exclusive promotions to cardholders. These promotions can include discounts on dining, travel, and shopping. You can also enjoy complimentary travel insurance coverage when you charge your travel expenses to your card.
Supplementary Cards Benefits
With the CIMB Visa Signature Card, you can also enjoy benefits for your supplementary cards. You can apply for up to 4 supplementary cards for your family members with no annual fees. Moreover, the supplementary cards can also enjoy the same cashback rewards and exclusive promotions as the primary cardholder.
Overall, the CIMB Visa Signature Card is a great choice for those who want to maximise their spending with cashback rewards and exclusive promotions. With no annual fees for life and unlimited 0.2% cashback on all other retail purchases, this card is definitely worth considering.
Eligibility and Application
Are you interested in applying for the CIMB Visa Signature credit card? Here’s what you need to know about eligibility and the application process.
Income Requirements
To be eligible for the CIMB Visa Signature credit card, you must have a minimum annual income of $30,000. This is a relatively low requirement compared to other premium credit cards in Singapore. However, keep in mind that you must also meet other eligibility criteria, such as being a Singaporean or Permanent Resident.
Application Process
The application process for the CIMB Visa Signature credit card is straightforward and can be done online. To apply, you must provide your personal and financial information, including your income, employment status, and credit history. You may also need to submit supporting documents, such as your NRIC or passport and proof of income.
Once you have submitted your application, CIMB will review your information and credit history to determine your eligibility for the card. If approved, you can expect to receive your card within 7-10 business days.
Overall, the CIMB Visa Signature credit card is a great option for those who want a high cashback credit card without paying an annual fee. As long as you meet the income requirements and other eligibility criteria, you can apply for the card online and start enjoying its benefits right away.
Rewarding Lifestyle Categories
If you’re looking for a credit card that offers great rewards for your everyday spending, the CIMB Visa Signature credit card is definitely worth considering. With benefits across diverse categories, from dining and entertainment to beauty and wellness, online shopping and overseas spend, you can maximise your spending with the best cashback rewards.
Dining and Entertainment
Dining and entertainment are two of the most enjoyable things in life, and with the CIMB Visa Signature credit card, you can enjoy them even more. With up to 10% cashback on dining and entertainment spend, you can indulge in your favourite restaurants and activities without worrying about the cost.
Beauty and Wellness
Taking care of yourself is important, and with the CIMB Visa Signature credit card, you can do it without breaking the bank. With up to 10% cashback on beauty and wellness spend, including personal care facilities, pharmacies, cosmetic stores, hairdressers, massage parlours and health and beauty spas, you can pamper yourself without feeling guilty.
Online Shopping and Overseas Spend
Online shopping has become a way of life, and with the CIMB Visa Signature credit card, you can enjoy up to 10% cashback on your online purchases. Whether you’re shopping for clothes, electronics, or anything else, you can save money while you shop.
If you’re planning to travel overseas, the CIMB Visa Signature credit card is also a great choice. With up to 10% cashback on overseas spend, you can explore new places and experience new things without worrying about the cost.
In conclusion, the CIMB Visa Signature credit card offers a range of benefits that can help you save money and enjoy life more. With rewards in categories such as dining and entertainment, beauty and wellness, online shopping and overseas spend, you can maximise your spending and get the most out of your daily life.
Understanding Fees and Charges
When choosing a credit card, it’s important to understand the fees and charges that come with it. The CIMB Visa Signature Credit Card has a range of fees and charges that you should be aware of.
Annual Fees and Waivers
The CIMB Visa Signature Credit Card comes with an annual fee of $192.60. However, the good news is that the annual fee is waived for the first year. Additionally, the annual fee is waived for subsequent years if you spend a minimum of $12,000 per year on your card.
Interest Rates and Cash Advance Fees
The interest rate for the CIMB Visa Signature Credit Card is 25.9% per annum. This rate is applicable for both local and overseas transactions. It’s important to note that interest will be charged on any outstanding balance if you do not pay your bill in full by the due date.
If you need to withdraw cash using your CIMB Visa Signature Credit Card, there is a cash advance fee of $15 or 6% of the amount withdrawn, whichever is higher. This fee is in addition to the interest charged on the amount withdrawn.
Foreign Currency Transaction Fee
If you use your CIMB Visa Signature Credit Card for transactions in a foreign currency, there is a fee of 1% levied by Mastercard or Visa for all transactions. Additionally, CIMB Bank Berhad charges an administrative fee of 2% for transactions in foreign currencies. It’s important to note that if you choose dynamic currency conversion, there is a fee of 1% charged.
Late Payment Fee
If you do not pay your CIMB Visa Signature Credit Card bill in full by the due date, there is a late payment fee of $100. It’s important to pay your bill on time to avoid this fee.
In conclusion, the CIMB Visa Signature Credit Card has a range of fees and charges that you should be aware of. However, as long as you pay your bill on time and meet the minimum spend requirement, you can enjoy the benefits of this credit card without incurring any additional fees.
Travel Perks and Insurance
If you are someone who loves to travel and explore new places, the CIMB Visa Signature Credit Card is the perfect card for you. The card offers a range of travel perks and insurance that will make your travels more enjoyable and stress-free.
Complimentary Insurance Coverage
One of the greatest benefits of the CIMB Visa Signature Credit Card is the complimentary travel insurance coverage it offers. The card provides coverage of up to S$500,000 for you and your family members when you charge your travel expenses to your card. The insurance coverage includes medical expenses, personal accident, travel inconvenience, and travel cancellation.
To be eligible for the complimentary travel insurance coverage, you must charge your travel expenses to your CIMB Visa Signature Credit Card and ensure that your card is valid and not suspended by the bank. You must also have at least one financial transaction charged to your card annually before your trip. Additionally, you and your family members must be Singaporeans or Singapore Permanent Residents holding valid Singapore identification documents.
Visa Signature Travel Benefits
In addition to the complimentary travel insurance coverage, the CIMB Visa Signature Credit Card also offers a range of Visa Signature travel benefits. These benefits are designed to make your travels more comfortable and enjoyable.
With the Visa Signature Concierge service, you can enjoy 24/7 assistance with travel-related services such as flight bookings, hotel reservations, and car rentals. You can also enjoy exclusive discounts and privileges at over 900 luxury hotels worldwide with the Visa Luxury Hotel Collection.
If you are planning to go on a cruise, the CIMB Visa Signature Credit Card also offers exclusive cruise privileges. You can enjoy discounts on cruise packages, onboard credit, and free cabin upgrades when you book your cruise with your CIMB Visa Signature Credit Card.
Overall, the CIMB Visa Signature Credit Card is a great choice for anyone who loves to travel. With its range of travel perks and insurance, you can travel with peace of mind and enjoy a comfortable and stress-free trip.
Frequently Asked Questions
What exclusive perks do I receive with the CIMB Visa Signature card in Singapore?
With the CIMB Visa Signature card, you can enjoy exclusive deals and some of the highest cashback rewards for shopping. You can earn up to 10% cashback on diverse categories, from online shopping to groceries, beauty & wellness, and more. Additionally, you can also enjoy exclusive privileges such as discounts on dining, travel, and entertainment.
How can I access airport lounges with my CIMB Visa Signature card?
As a CIMB Visa Signature cardholder, you can access over 1,000 airport lounges worldwide with the LoungeKey program. All you need to do is present your CIMB Visa Signature card at the lounge reception desk and enjoy complimentary access for yourself and a guest.
What are the eligibility criteria for obtaining a CIMB Visa Signature card in Singapore?
To be eligible for a CIMB Visa Signature card in Singapore, you must be a Singapore citizen or a permanent resident, aged 21 years and above, with a minimum annual income of $30,000. Foreigners with a minimum annual income of $60,000 may also apply.
How does the CIMB Visa Signature card compare to the CIMB Visa Infinite card?
The CIMB Visa Signature card is an entry-level credit card that offers exclusive deals and some of the highest cashback rewards for shopping. On the other hand, the CIMB Visa Infinite card is a premium credit card that offers exclusive travel privileges, such as complimentary travel insurance, airport lounge access, and concierge services. The CIMB Visa Infinite card is only available to customers with a minimum annual income of $120,000.
Are there any special conditions or terms I should be aware of when using the CIMB Visa Signature card?
Yes, there are some special conditions and terms that you should be aware of when using the CIMB Visa Signature card. For example, the cashback rewards are subject to a cap of $100 per statement cycle, and the cashback rewards for each category are subject to a cap of $20 per statement cycle. Additionally, the cashback rewards are only applicable to eligible transactions made in Singapore dollars.
Can expatriates apply for a CIMB Visa Signature credit card in Singapore?
Yes, expatriates with a minimum annual income of $60,000 may apply for a CIMB Visa Signature credit card in Singapore. However, they must have a valid employment pass and meet the other eligibility criteria.