• CIMB Visa Infinite Card

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    CIMB Visa Infinite credit card

    CIMB Visa Infinite credit card

    CIMB Visa Infinite credit card offers a wide range of benefits over numerous categories. The CIMB Visa Infinite credit card is best suited for those who would love unlimited cash rebate. The card offers unlimited cash rebate of 2% on overseas purchases and a rebate of 1% on local purchases.

    Features of CIMB Visa Infinite credit card

    CIMB Visa Infinite credit card comes with some amazing perks and features. Listed below are the features of CIMB Visa Infinite credit card:

    • The card offers perks in the form of cash rebates.
    • The card offers rewards for both overseas and local spends.
    • The card offers a cash rebate of 2% for overseas spend and 1% for local spend.
    • The card offers benefits other than the cash rebate over different categories.
    • The card is affordable.
    • No annual fee.
    • No joining fee.
    • Low interest rate.
    • Hassle free application process.
    • Quick processing.
    • Easy and simple documentation.
    • Can be applied for online.

    Rewards

    CIMB Visa Infinite credit card comes with some amazing rewards. Given below are the rewards of CIMB Visa Infinite credit card in different categories:

    • Earn unlimited 2% cash rebate when you spend $20,000 or more on Traveling, oversea, Online in foreign currencies transactions and 1% on all other retail spends

    Benefits of CIMB Visa Infinite credit card

    Listed below are some benefits of the CIMB Visa Infinite credit card:

    • With your CIMB Visa Infinite credit card, you can avail the services of a personal concierge anytime, anywhere.
    • Not only do CIMB Visa Infinite credit card holders get the above mentioned benefit but they also get a wide range of benefits from different categories such as shopping, travel, dining and entertainment through Visa privilege.
    • The credit card holders can convert their 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 20 months.
    • No annual fee and joining fee.
    • With the credit card avail a discount of up to 50% at the best dining places in Singapore and across the world.

    Fee and charges

    Type of fee Amount payable
    Annual fee for primary card No annual fee
    Supplementary card fee S$75 with annual fee waiver for the first year for first two supplementary cards
    Interest rate per annum 2.125% per month 25.50% per annum
    Late payment charges For outstanding balance up to S$50, no fee will be charged For outstanding balance over S$50, a fee of S$80 will be charged
    Cash advance fee 6% of the amount withdrawn per transaction
    Minimum monthly payment 3% of the statement balance or S$50 depending on whichever is higher
    Interest on cash advance 28% per annum
    Interest free period 23 days
    Earlier termination fee 3% of outstanding principal amount or $250, whichever is higher
    Dynamic currency conversion fee 1%
    Accounts In Excess of Approved Limit S$50 or 5% of the excess amount, whichever is higher
    Replacement card S$20 per card
    Request for Card Statement S$5 per monthly statement. For retrieval of statements that are more than 3 months old, a fee of S$10 per copy applies
    Lost / Stolen Card Liability S$100

    Transaction in foreign currencies

    All foreign currency transactions are subject to a charge. In case of transaction in foreign currencies, the cardholder is liable to pay an administrative fee of 1.5%.

    How to apply for CIMB Visa Infinite credit card

    One can apply for CIMB Visa Infinite credit card either online or offline. In order to apply online, the applicant can either visit the official website of CIMB Singapore and apply by filling the online form or apply through third party financial websites if the provision is made. In order to apply for the card offline, the applicant can visit one of the CIMB branches in Singapore and fill the form.

    Eligibility criteria for CIMB Visa Infinite credit card

    • Minimum age: 21 years and above
    • Minimum age for supplementary applicants: 18 years
    • Minimum income for Singaporeans: S$120,000 per year or $50,000 as collateral in Fixed Deposit

    Documents required

    Every applicant needs to submit certain documents while applying for the credit card. Listed below are the documents that need to be submitted at the time of application:

    Salaried individuals

    • Passport copy
    • Latest original payslip
    • Last 12 months of CPF statement

    Self employed individuals

    • Passport copy
    • 6 months latest bank statement
    • Last 12 months of CPF statement

    Foreigners

    • Passport copy
    • A copy of work permit
    • A copy of telephone bill or utility bill
    • Income Tax Notice of Assessment
    • Latest payslip

    Interest on CIMB Visa Infinite credit card

    CIMB Visa Infinite card comes at a rate of interest of 25.5% per annum.In case the cardholder fails to make the minimum payment on the credit card, 3% of the monthly outstanding balance along with outstanding minimum payment amount plus the amount in excess of the credit limit or S$50 should be paid depending on whichever is higher.

    Lost/Stolen card liability

    In case of stolen or lost cards, the cardholder should file a police report along with a written confirmation. The cardholder is held liable for any unauthorised purchases made on the card if the cardholder was careless to not inform the bank about the loss or theft of the credit card. A fee of S$100 will be charged if the card is stolen or lost and if a new card has to be issued.

    Repayment

    CIMB offers CIMB Altitude Visa credit cardholders different methods through which they can pay their credit card bills. Listed below are the repayment methods:

    • The cardholder can pay the bill at CIMB ATMs if they have a current account or savings account with the bank.
    • Phone banking.
    • SMS banking.
    • Internet banking.
    • Through cash.
    • Through cheque.

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