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.
CIMB Visa Infinite credit card comes with some amazing perks and features. Listed below are the features of CIMB Visa Infinite credit card:
CIMB Visa Infinite credit card comes with some amazing rewards. Given below are the rewards of CIMB Visa Infinite credit card in different categories:
Listed below are some benefits of the CIMB Visa Infinite credit card:
|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|Cash advance fee||6% of the amount withdrawn per transaction|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|
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%.
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.
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:
Self employed individuals
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.
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.
CIMB offers CIMB Altitude Visa credit cardholders different methods through which they can pay their credit card bills. Listed below are the repayment methods: