CIMB Platinum Mastercard Reviews and Comparison - Seedly
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CIMB Platinum Mastercard

  • Overview
  • Reviews (32)
  • Questions (2)
  • More Details
Credit Cards/CIMB Platinum Mastercard
Credit Cards/CIMB Platinum Mastercard

USER RATINGS

Speed of Approval

4.5

Ease of Fee Waiver

4.8

Customer Service

4.7
Credit Cards/CIMB Platinum Mastercard

USER RATINGS

Read reviews

Speed of Approval

4.5

Ease of Fee Waiver

4.8

Customer Service

4.7

CIMB Platinum Mastercard

10% on Dining, Petrol, Travel
CASHBACK
$100
CASHBACK CAP
$800
MINIMUM SPEND

    CIMB Platinum Mastercard

    10% on Dining, Petrol, Travel
    CASHBACK
    $100
    CASHBACK CAP
    $800
    MINIMUM SPEND

Details

About CIMB (Platinum Mastercard)

CIMB Group is a leading ASEAN universal bank as well as the world leader in Islamic finance. They are headquartered in Kuala Lumpur, Malaysia. CIMB offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. CIMB have around 14 million customers and made up of 36,000 staff.

Read More about CIMB Platinum Mastercard
Reviews (32)

4.3

32 Reviews

  • 5
    17
  • 4
    9
  • 3
    5
  • 2
    0
  • 1
    1

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annual fee

customer service

credit card

fee waiver

cashback card

minimum spend

spend 800

cashback category

cimb card

cap category

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  • Staff at CIMB Orchard are informative and polite. I managed to get my banking needs settled in a short period of time , getting most of queries answered in the most polite manner.
    0 comments
    0
  • Updated on 01 Mar 2020

    Purchased

    CIMB Platinum Mastercard

    [Fee Waivers] No annual fees at all! [Customer Service] Fantastic customer service. Bank detected suspicious transaction, called me on a weekend to verify myself and follow up action to stop it transaction and cancel the card. [Bill Payment] Easy bill payment through online banking.
    0 comments
    0
  • Updated on 29 Jan 2020

    Purchased

    CIMB Platinum Mastercard

    I was really disappointed by the Free Flight Promotion where I was required to spend $600 a month for first3 statement months. Received the card on 9 Dec, 1st statement came 2 days later on 11 Dec and was told I no longer qualified for the promotion since my first statement did not accumulate $600. Oh well, so do time your card application if you're interested in the Free Flight Promo!
    0 comments
    0
  • Posted on 21 Nov 2019

    Purchased

    CIMB Platinum Mastercard

    [Customer Service] Fastest bank to be reached via phone. Always less than 5 min wait to speak to an officer. Staff is always courteous and helpful. [Useful For...] Useful for Grab users and those with monthly braces payments. [Cashback Card] High cashback. [Hidden Terms] CIMB in general changes their cash back terms frequently without any notice. You have to manually check their website to be up to date.
    0 comments
    0
  • Posted on 20 Nov 2019

    Purchased

    CIMB Platinum Mastercard

    Used to be the best value for money. With the recent changes of having a minimum of $800 eligible spending, it becomes not so friendly and too high. There is also rebate cap for different categories which is confusing, and often the rebates depend on the MCC numbers which we as users will not able to know. Spending is based on posted and not unbilled which again beyond the control of the users. Do not allow spending on government institution to be eligible for rebates which goes contrary to our govt policies of cashless society.
    0 comments
    0
Questions (2)

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CIMB Platinum Mastercard

UOB Visa Signature Card

Miles

Cashback

SG Budget Babe

MileLion

Transport

Transportation

Credit Cards

Hi Anon! It's quite rare that I see a miles card and a cashback card being directly compared. Personally, I think that you should choose to focus on one rewards system- whether it's cashback/rebates, or miles. This is especially the case for miles, as it will take quite a bit of effort to effectively hack miles. However, the possible rewards you can get is really worth it, especially since you travel often! Let me try and break down these cards for you. CIMB Platinum Mastercard - 10% Cashback - Dining, Petrol, Taxi Rides, Flights & Hotels (overseas, foreign currency), Health & Medical, Electronics (Best Denki, Ikea, Challenger etc) - HOWEVER, you need a minimum spend of $800 to qualify for the 10% - 10% Cashback capped at $100 per month, $20 per category - Any other transactions after this cap will receive the base 0.2% cashback - No annual fees If you're planning on getting this card to use just for petrol, don't bother. The minimum spend of $800 to qualify for the 10% cashback won't be achieved by spending solely on petrol- the average monthly cost is about $200 per month. Moreover, if you do hit the minimum spend, but end up spending over $200 per month on petrol, you'll end up getting the less than desirable 0.2% cashback rate for all other petrol transactions, as your cashback will cap out at $20 per month . However, if you're thinking of making this your primary card, it may be worth a shot, although I personally would look at the CITI Cashback Card instead- which offers an 8% Cashback on similar expenditure categories, capped at $25 per category ($5 more). UOB Visa Card - 10 X UNI$ (4 mpd) - Petrol, Overseas Spend, Local Paywave - Cat 1: $1000 min spend on Petrol/Paywave- to qualify for 4mpd on these 2 transactions - Cat 2: $1000 min spend on Overseas Spend- to qualify for 4mpd on the overseas spend expenditure category - Remember that UOB’s definition of foreign currency/overseas spending requires the transaction to be processed outside of Singapore - Points capped at $4000 max spend per statement cycle- split into $2000 per Cat^ - UOB UNI$ are earned in blocks of $5, hence anything below $5 won't get you points - $214 annual fee, first-year waiver Okay this is an interesting one. The minimum spends are both pretty high, and this card definitely caters more towards higher SES individuals. If you're not willing to splurge once in a while on dining or other expenses that can use paywave, you really shouldn't bother with this card. Based off your question, it seems that petrol will be the main expenditure category that you're looking at, but for the UOB Visa Card, petrol would be more of a secondary category instead of your primary one due to the high minimum spend. I'd look at the Maybank Horizon Visa Signature Card instead, which offers a much more achievable 3.2 mpd for petrol expenses. Ultimately, it depends on your overall credit card strategy, and your cashflow/spending patterns. If you're looking to get into the miles game, I'd suggest your hone in and focus solely on that. All the best!
👍 1

CIMB Platinum Mastercard

AMEX Platinum Card

Payments

Credit Cards

Kathlyn Laiu
Kathlyn Laiu, Community Associate at Seedly
Level 6. Master
Answered 4w ago
They both have their benefits but if you are a frequent traveller, I would say the AMEX Platinum card is better because the benefits catered more towards travelling and foreign usage brings about more benefits than the CIMB platinum card. If you use your card for your overseas trips, you get deals like S$800 credit (S$400 air travel credit and another $400 lodging credit) as well as points and rewards if you use AMEX platinum card to book your air & lounge, hotels, cruise and car rentals. Not saying CIMB doesnt have their own travel benefits as they do have a 10% cashback on travel in foreign currency but just that CIMB platinum card may be more useful locally with its 10% cashback on wine & dine, petrol & transport, health & medical, electronics & furnishing at selected merchants.
👍 1

CIMB Platinum Mastercard

CIMB Platinum Mastercard

Find out how a Cashback credit card works, and the difference between Cashbacks and cash rebates.

Eligibility for CIMB Platinum Mastercard

To be eligible for the CIMB Platinum Mastercard, you'll have to meet the following criteria:

  • 21 years old and above
  • For Singaporeans and PRs: Minimum annual income of S$30,000
  • For Singaporeans and PR aged 55 years and above: Minimum annual income of $15,000
  • Or fixed deposit collateral of $10,000

Fees and Charges for CIMB Platinum Mastercard

  • Annual Principal Fee: Free
  • Annual Supplementary Card Fee: Free
  • Interest-Free Period: 23 days
  • Annual Interest Rate: 25.9%
  • Minimum monthly payment: 3% or $50, whichever is higher
  • Late payment charge: $100
  • Cash advance fee: 6% (minimum charge of $15)
  • Overlimit fee: 5% or $50, whichever is higher

Key Features and Benefits of CIMB Platinum Mastercard

These are some features of the CIMB Platinum Mastercard and the Cashback benefits it has to offer.

  • 10% Cashback on the following categories: Wine & Dine, Travel in Foreign Currency, Health & Medical, Transport & Petrol and Selected Electronics & Furnishing Merchants
  • Unlimited 0.2% Cashback on all other retail spend, no minimum spend or monthly cap.
  • e-Commerce Purchase Protection.
  • Flexi-Payment with CIMB 0% i.Pay Plan, more details here.

CIMB Platinum Mastercard Benefits

What You'll Get

Food

10% Cashback on Wine and Dine

Transport and Petrol

10% Cashback when you use your card for taxi rides and petrol

Foreign Currency

10% Cashback when you use your card to purchase your flights or hotel stays in foreign currency

Health

10% Cashback when you use dental services or visit the optometrist

SimplyGo

CIMB Platinum Mastercard - Benefits

Additional Features of CIMB Platinum Mastercard

CIMB Platinum Mastercard Benefits

What You'll Get

Unlimited 0.2% Cashback

No minimum spend or cap - Cashback on all retail spend

Flexi-Payment With CIMB 0% interest Pay Plan

Convert your travel and other big ticket items to CIMB 0% i.Pay Plan, where you will enjoy interest-free repayments over a period of up to 24 months

Life-long Membership

No annual fee

Share the Benefits

Up to 4 supplementary cards and your family

CIMB Deals and Discounts

Exclusive CIMB deals and discounts

e-Commerce Purchase Protection

Complimentary e-Commerce Purchase Protection Insurance

CIMB Platinum Mastercard - Additional Benefits

Promotion for CIMB Platinum Mastercard

Apply for CIMB Platinum Mastercard and/or CIMB Visa Signature and receive a free 1 return flight ticket (inclusive of tax) to any one of 16 destinations across Asia

Terms and Conditions of CIMB Platinum Mastercard

  • 10% Cashback is capped at $100 per calendar month per Principal Cardmember and up to $20 per category
  • 10% Cashback = 0.2% credited in the same statement month and 9.8% will be credited in the following month after spending criteria of $800 has been met
  • The following transactions will not qualify for Cashback: any gambling-related related transactions, payments to insurance companies, payments to government institutions, donations to non-profit institutions and any payments for utilities

CIMB Contact Info

  • Customer service(Credit Card):  +65 6333 6666

Still unsure? Find out everything you need about credit cards - including what the best credit cards in Singapore are for miles and Cashback, factors to consider before getting one, fees to know, and why a good credit score matters.

You can also pose questions (anonymously, if you'd prefer) on the Seedly Q&A platform.