CIMB Platinum Mastercard
- Key Features
- Reviews (35)
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Summary
A card suited the epicurean go-getter, the CIMB Platinum Mastercard provides up to:
- 10% cashback on Wine and Dine spends,
- 10% Cashback on Transport, including taxi rides, and petrol.
- 10% Cashback on Travel Purchases, i.e. hotels and flights, in Foreign Currency
- 10% Cashback on Health and Medical
- The 10% cash backs, however, are subject to S$100 cap per statement month, S$20 per category
- After which, subsequent spends will continue to be awarded the 0.2% base cashback, which has no cap
- Requires a Minimum Spend of S$800 per month on eligible transactions to qualify for the additional cash back on top of the base rate
CIMB Platinum Mastercard Review 2020
CIMB Platinum Mastercard provides up to 10% cashback for the categories of Wine and Dine, Transport and Petrol, Travel Purchases in Foreign Currency as well as Health and Medical. At a glance, the CIMB Platinum Mastercard seems like a great card for the out and about go-getters. It covers cashback in categories of Wine & Dine, Transport and Petrol, Travel Purchases, Electronics, Health and Medical - sounds great for individuals who like to go out. The total cash back is capped at S$100 per month. Sounds dandy?
Not quite. There is a S$20 cap on each category. Which means if you only spend on 2 of the more common categories, like petrol and dining, you can only max out S$40 cash back. The CIMB Platinum Mastercard is also not suitable for those seeking cashback for everyday essentials.
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
4.2
35 Reviews
Service Rating
Speed of Approval
Ease of Fee Waiver
Customer Support
- Posted 16 Sep 2021
Purchased
CIMB Platinum Mastercard
[Fee Waivers] Insanely amazing how they are able to offer/provide/operate with no annual fees [Customer Service] You can reach their support/CS at ease. Less than 3 mins to be connected with their client experience personnel [Mobile Banking] CIMB Clicks is a life changer. Prior to that, online/mobile banking with CIMB was near impossible0
What are your thoughts? - 17 Mar 2020Staff 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
What are your thoughts? - 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
What are your thoughts? - 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
What are your thoughts? - Posted 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
What are your thoughts? - Posted 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
What are your thoughts? - Posted 20 Nov 2019
Purchased
CIMB Platinum Mastercard
There were couple of instances where I forgotten to repay my dues timely; CIMB CSOs have had accommodated to my requests and fully waive any penalty(ies), pertaining to my late repayments. CIMB's regional presence and network of ATMs are convenient to ASEAN Travellers. However, I was really fuming mad when CIMB unilaterally lower my available credit from 10K to 4K; despite my decade relationship with the Bank.0
What are your thoughts? - Posted 20 Nov 2019
Purchased
CIMB Platinum Mastercard
Plus: No annual fee, big cashback rewards on main shopping categories (dining, petrol, medical) Minus: The cap of $20 cashback per category whilst understandable, is a step-back and not as attractive as previously. Min spend on card at $800 also understandable but not desired. All in all, still a useful 2nd/3rd choice handy credit card to have. Perhaps better to combine with the Visa Signature card and the other cashback categories to make the CIMB cards proposition more attractive to consumers?0
What are your thoughts?
No Posts Found.
Find out how a Cashback credit card works, and the difference between Cashbacks and cash rebates.
Key Benefits of CIMB Platinum Mastercard
These are some features of the CIMB Platinum Mastercard and the Cashback benefits it has to offer.
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 |
Electronic & Furnishing | 10% cashback at Harvey Norman, Best Denki, Challenger, IKEA, Courts or Parisilk |
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
The Best Cash Back Credit Cards 2020 Review: How does CIMB Platinum Mastercard Compare?
Pros
- Wide variety of categories eligible for cashback, especially for leisure
- 10% cashback on each category
- S$100 cashback cap per statement month
Cons
- Cap of S$20 on each category
- S$800 minimum spend
- Not suitable for those seeking cashback for everyday essentials
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
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
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.
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CIMB Contact Info
- Customer service (Credit Card): +65 6333 6666
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.
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