CIMB Visa Signature Reviews and Comparison - Seedly
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CIMB Visa Signature

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  • Reviews (41)
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Credit Cards/CIMB Visa Signature
Credit Cards/CIMB Visa Signature
3.4
41 reviews
claimed

Unclaimed

This product has not been claimed by the company yet.

USER RATINGS

Speed of Approval

4.2

Ease of Fee Waiver

4.3

Customer Service

4.2

CIMB Visa Signature

10% on Beauty, Online Shopping, Groceries

CASHBACK

$100

CASHBACK CAP

$800

MINIMUM SPEND

CIMB Visa Signature

10% on Beauty, Online Shopping, Groceries

CASHBACK

$100

CASHBACK CAP

$800

MINIMUM SPEND

Details

CIMB Visa Signature Review 2020

  • Enjoy up to 10% cashback on a wide range of transactions: Beauty & Wellness, Online Shopping, Groceries, Pet Shops and Veterinary Services, and Cruises
  • Base cashback rate of 0.2% on all spend with no cap
  • 10% cashback is capped at S$100 per statement month, and S$20 per category
  • Eligibility for 10% cashback requires a minimum spend of S$800 per statement month
  • NO Annual Fee
  • Suitable as a starter card for new working adults, especially those with pets.
  • Not ideal for bigger spenders as the S$20 cap per category is quite a paltry sum for some especially for categories like Veterinary Services and Groceries.
Read More about CIMB Visa Signature
Reviews (41)

3.4

41 Reviews

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    11
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  • Updated on 01 Jul 2020

    Purchased

    CIMB Visa Signature

    [Update 1/7/2020] I have since not used this card after they changed their T&Cs. I believe it is the same for many people here. The minimum spending and the maximum rebate for this card just doesn't justify my spending. Even though the 10% rebate is very attractive, one would have to check on the effective rebate after everything. If it is better than other cashback cards out there then I say use it because there is no annual fee for 3 years and that saves you the trouble of calling the bank. Though the app is not as good as other banks but that's just a small issue. [20/11/2019] This card used to be super popular when they changed their T&Cs to include 10% rebate for online shopping, dining and groceries! But even after they changed to include some not so common categories, I still use this card because of the good rebates :) 10% rebate for groceries and online shopping and beauty & wellness and at pet shops fit my spending well and allow me to get the most out of this card. Doesn’t hurt that there is no annual fee for this card so there is no hassle in calling customer service to try and waive it. But even if I did have to call, their customer service is excellent and responsive!!

    0

    Post
  • Updated on 26 Apr 2020

    Purchased

    CIMB Visa Signature

    Pls do check your statement regularly if you can. This bank is worst than loan shark. i only use for Giro for town council and some months may have lapses due that i have over paid. They will not inform you and charge late charges with finance charge secretly . unlike other banks who will send letter to remind .There are no leeway for any waiver even you explain. Money come first. Regret signing with this bank. Do take note.

    0

    Post
  • Posted on 20 Nov 2019

    Purchased

    CIMB Visa Signature

    Ever since CIMB changed their terms and conditions, this card is not attractive anymore with respect to its cashback. The 10% cashback is now capped at S$100 per statement month per member and up to S$20 per category. To make things worst, member must spend at least S$800 in the same statement month. There is no harm keeping the card. However, there are other better cashback cards.

    0

    Post
  • Posted on 20 Nov 2019

    Purchased

    CIMB Visa Signature

    [Cashback Card] 10% cashback across 5 categories including Beauty & Wellness, Online, Grocery, Cruises, Pet Shops and Veterinary Services. with a minimum spending of $800. Although cashback is one of the highest (10%), but it is capped at $20 per category, i.e. $200 spending on a particular category will hit the cap for the cashback. Might still be a worthwhile card for if you are able to maximum out the cashback awarded by hitting 4 categories with $200 spending for each category.

    0

    Post
  • Posted on 20 Nov 2019

    Purchased

    CIMB Visa Signature

    Used to be generous in terms of rebates. But have already tighten their purse. I also like their no transaction fee for overseas spending, but there are so many options now. Overall, decent card to have.

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CIMB Visa Signature

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

Key Benefits of CIMB Visa Signature

These are some features of the CIMB Visa Signature and the Cashback benefits it has to offer:

  • 10% Cashback on the following categories: Beauty & Wellness, Online Shopping, Grocery, Pet Shops & Vet Services and Cruises.
  • Charge your full travel fares to the CIMB Visa Signature and automatically get travel accident insurance coverage of up to $500,000 for you and your family.
  • Visa Signature Concierge - enjoy concierge services anytime and anywhere.

CIMB Visa Signature Benefits

What You'll Get

Beauty and Wellness

10% Cashback on Beauty and Wellness

Online Shopping

10% Cashback on Online Shopping

Groceries

10% Cashback on Groceries at gourmet grocer or major supermarkets

Pets

10% Cashback on Pet shops and Veterinary services locally or overseas

Cruise

10% Cashback on Cruises

Transport

Travel easy with SimplyGo where you tap and pay with your card for transport

CIMB Visa Signature - Benefits

Additional Features of CIMB Visa Signature

Additional Benefits of CIMB Visa Signature

What You'll Get

Unlimited 0.2% Cashback

No minimum spend or cap - Cashback on all retail spend

Complimentary Travel Insurance

Coverage up to $500,000 for you and your family

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

Visa Signature Concierge

Access to world class service and privileges

Share the Benefits

Up to 4 supplementary cards and your family

CIMB Deals and Discounts

Exclusive CIMB deals and discounts

Additional Benefits of CIMB Visa Signature

Eligibility for CIMB Visa Signature

To be eligible for the CIMB Visa Signature, 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 Visa Signature

  • 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

The Best Cash Back Credit Cards Review 2020: How does CIMB Visa Signature Compare

Pros:

CIMB VISA Signature is suitable as a starter card for new working adults, as it has 0 annual fees and a manageable annual income requirement. Additionally, it is useful for those with pets as it is one of the few cards offering cashback for pet-related services.

Cons:

However, the CIMB VISA Signature may not be ideal for bigger spenders as the S$20 cap per category is quite a paltry sum for some especially for categories like Veterinary Services and Groceries.

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 Seedly Community.

Terms and Conditions of CIMB Visa Signature

  • 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

How to Apply for CIMB Visa Signature Card

You can Apply Online or visit CIMB branches. with the necessary documents:

  1. A photocopy of NRIC (Both sides) for both Principal and Supplementary Card applicants OR a photocopy of a valid passport for Supplementary Card applicants (Foreigner).
  2. For salaried employee - Latest Computerised Payslip OR CPF Contribution, History Statement (For the last 12 months) OR Latest Income Tax Notice of Assessment AND CPF Contribution History Statement (For the past 12 months) OR Latest Computerised Payslip.
  3. For self-employed - Last 2 years' income tax notice of assessment AND bank statement (for 3 months).
  4. For commissioned or variable income earner - Last 2 years' income tax notice of assessment OR CPF statement (for the past 12 months).

About CIMB

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 has around 14 million customers and made up of 36,000 staff.