CIMB Visa Signature Reviews and Comparison - Seedly
 
CIMB Visa Signature
4.0
7 reviews
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  • Posted 3w ago
    Was the best cash back card for a short period of time, until the terms were revised and now the card is sitting untouched in my drawer.
    0 comments
    8
  • One of the few cards that has perpetual fee waiver. Definitely a card to keep solely because of the reason.
    0 comments
    0
  • A pity as it was the absolute best card previously with 10% cashback on dining, wine and online spending at $50 per category cap a year ago. Which means if you spend $500 across online and dining each, your cashback is a whopping $100 monthly! Pity that the T&C was changed a few months ago, splitting the categories across the visa signature and mastercard, with increased minimum spending and lowered caps. Not recommended w the current blend of categories.
    0 comments
    1
  • Updated on 05 Apr 2019
    Current the best cash back card since Q32018 with the renewed T&C till now: Min Spend : $600 Cashback : 10% On Category: Wine and Dine, Grocery and Online Note: Each category has a cashback cap of $50 Max cashback per month: $100 (all category combined) Eg. Good if you: 1) Eat out a lot such as $300 2) Online shop up to $100 3) Grocery up to $200 This way you can achieve $600 monthly to get the cashback. T&C at : https://www.cimbbank.com.sg/content/dam/cimbsingapore/personal/cards/terms-and-conditions/tnc-visa-signature-20181018.pdf
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  • Updated on 27 Sep 2018
    Used this card for on a monthly basis especially when you do a lot of online purchases. Just have to make sure that you are making 8 times purchases(min $30each) and min $500 spending monthly..the 10% cash rebate is really the highest in the market and the only sad thing is they capped it at 600 spending/mth so the max rebate you can get is only $60
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  • Updated on 30 May 2018
    Had this credit card when I signed for this and CIMB Platinum Mastercard. It's 10% rebate on dining is an extremely good deal; however a minor set back is the need to clock $30 x 8 Expenditure in that month plus a total $500 spending for that month charged to the credit card. A bit difficult because I use paywave on smaller ticket items. It too has zero charges on admin fee for foreign currency like its sister Mastercard. Definitely a good card for dining people. Foreign spending on currency is also 10% though i didn't use this feature- more towards a dining person. Overall a decent card which can match BOC in dining deals provided you spend often on the card. A must sign as well for new users given the awesome sign up gift CIMB has now (Spend $400 in first month to get $120 )
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  • Updated on 26 May 2018
    Perfect for those who shop at overseas online shops in foreign currency and also love to dine out. 10% cash back on dining and overseas online shops with foreign currency spending. Even get 1% admin fee for foreign currency waived (they will credit back 1% into your bill). Minimum spending $500 per billing month with 8 transactions of $30, even get 0.3% rebates for top up EZlink card or other purchases. Cash rebates up to $60 per billing cycle credited into bill next month. Not many hoops to jump. Love it when I’ve stuff to buy from online shops overseas. Their phone banking customer service is also friendly and quick to answer calls. That’s a bonus!
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Credit Card

CIMB Visa Signature

HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 13 May 2019
Possible solutions: https://www.sgbudgetbabe.com/2019/05/goodbye-cimb-heres-next-best-credit.html CIMB Visa Signature basically offers dining, online, groceries. There's no single card with around $600 min spend of these 3 category hit with 1 of the 3 taking the bulk. You'll have to split between different card.
About CIMB Visa Signature
Card NameCIMB Visa Signature
Cashback Rate0.2% - 10%
Monthly Cashback Cap$60 per month
Monthly Min Spend$600
HighlightsBest for Online and Dining and if you spend more than 8 x $30 transactions in a month

Fees and Charges for CIMB Visa Signature Card

  • Annual Principle Fee: Free
  • Annual Supplementary Card fee: Free
  • Interest-Free Period: 23 days
  • Annual Interest Rate: 25.5% to 28%
  • Minimum monthly payment: 3% or $50, whichever is higher
  • Late payment charge: $100
  • Cash advance fee: 6% (minimum charge of $15)

Eligibility for CIMB Visa Signature Card

  • Singaporeans and PR; Minimum annual income of $30,000
  • Singaporeans and PR aged 55 years and above; Minimum annual income of $15,000
  • Or fixed deposit collateral of $10,000

Key features of CIMB Visa Signature Card

  • Earn up to 10% cashback with both local and overseas spend. Categories include: ‘Wine & Dine’, ‘Online Spend’ and ‘Grocery’
  • 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.

 

Terms and conditions of CIMB Visa Signature Card

  • 10% cashback is capped at $100 per calendar month per Principle Cardmember and up to $50 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 $600 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. For full list, please visit CIMB Visa Signature’s T&Cs here.

 

For more info, you can check out CIMB Visa Signature’s page here.