facebookI currently am thinking of applying for a cashback credit card with CIMB. However, I do not have any savings account or any sort of account with CIMB. My question is, where does the cashback go to?? - Seedly

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Anonymous

18 Apr 2019

Credit Cards

I currently am thinking of applying for a cashback credit card with CIMB. However, I do not have any savings account or any sort of account with CIMB. My question is, where does the cashback go to??

Discussion (2)

What are your thoughts?

Gabriel

Gabriel

09 Dec 2018

Undergraduate at National University of Singapore

Hi, the cashback that you qualify/earn for this month will be automatically used to offset the amount due/payable for your next month's credit card statement.

E.g. Assuming you have a new card

16 SEP - 15 OCT:
Amount due: $245
Cashback earned: $2.45
Amount payable: $245

16 OCT - 15 NOV:
Amount due: $150
Cashback earned: $1.50
Amount payable: $150 - $2.45 = $147.55

Ps I'm using a CIMB cashback credit card too

The cashback will be automatically credited into the Cardmember’s card account in the following statement month. (From their FAQ)

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