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.

Additional Features 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.