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?? - Seedly

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Asked by Anonymous

Asked on 07 Dec 2018

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??

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Gabriel Lee
Gabriel Lee
Top Contributor

Top Contributor (Dec)

Level 6. Master
Updated on 09 Dec 2018

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

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Lok Yang Teng
Lok Yang Teng
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Top Contributor (Jan)

Level 6. Master
Answered on 09 Dec 2018

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

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