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    CIMB Visa Signature Credit Card Reviews

    Promotions

    • Sign-up Promotion: Successfully apply for your CIMB credit card today and receive a cash credit of up to S$100. The offer is applicable when you apply for your credit card online and spend a minimum of S$300 within the first three months of receiving your credit card.
    • Burlamacco Ristorante: Use your CIMB credit card at Burlamacco Ristorante and get a massive discount of 30% on you’re a la carte bill. The offer expires on 31 December 2017.
    • Atrium: Get 10% off on your food bill with your CIMB Visa Signature Card at Atrium in Singapore. The promotional dining offer is valid till 28 December 2017.
    • Alchemist Beer Lab: Enjoy 20% off on your drinks when you pay with your CIMB credit card at Alchemist Beer Lab. Visit before 31 December 2017 to enjoy the offer.
    • Naughty Nuri’s: Enjoy 10% discount on a full rack of St. Louis Signature ribs at Naughty Nuri’s with your CIMB Visa Signature Card. The offer is valid during lunchtime from 11:30am – 2:30pm. Visit before 31 December 2017 to enjoy the offer.

    CIMB Visa Signature Credit Card

    Earn cash rebates on dining, waiver on admin fees for foreign currency transactions, cross border deals and complimentary perks on the CIMB Visa Signature Credit Card.

    Joining Benefits/Perks

    • Laduree Welcome benefit
      • Receive a welcome offer of a Macron Gift Box for S$1 with your CIMB Visa Signature Card and your redemption slip.
      • Also, get discounts of 10% on in-store purchases on a minimum spend of S$50 with your Visa Signature Card.
      • The offer is valid till 31 December 2017.

    Features of the CIMB Visa Signature Credit Card

    • Perpetual annual fee waiver for principal credit cardholders.
    • First year annual fee waived for 2 supplementary cards.

    Rewards

    What you get – Up to 1% cash rebate on a variety of transactions.

    How to redeem: Cash rebates can be earned in the following way:

    • 10% rebates on transactions made at Wine and Dine establishments.
    • 10% rebates on transactions made online in foreign currencies, including online shopping.
    • 0.2% rebate on all other transactions with no minimum spend criteria and no cap on the amount of rebate that can be earned.

    Benefits of the CIMB Visa Signature Credit Card

    • Administrative fee waiver on foreign currency transactions – Enjoy 0% administrative fee on all transactions made in foreign currencies, online and overseas purchases.
    • Cross Border Regional Deals with CIMB – Enjoy discounts on shopping, dining and staycation packages at more than 600 merchants across Malaysia, Thailand and Indonesia.
    • Visa Signature Privileges – Enjoy exclusive privileges for being a Visa Signature member including Golf Fee Card Membership and privileges at Visa Luxury Hotel Collection.

    Instalment Payment Plans - CIMB 0% i.Pay Plan

    • Card members can convert their purchases into easy monthly payment options with 0% interest under the CIMB 0% i.Pay Plan. (Word avail has been used on the website, needs to be taken out).
    • Cardholders can choose a 5-months, 10-months or 20-month repayment period.
    • Third line, the word “onetime” needs to be hyphenated.
    • Last line – The plan benefit will not hold applicable for cash advances, interest payments and general card fees.

    Insurance provided on the CIMB Visa Signature Credit Card

    Enjoy complimentary travel accident insurance up to US$50,000 for yourself and your family when you pay for your full travel fare using your CIMB Visa Signature Credit Card.

    • Cover for Accidental Death/Permanent Disablement in a Common Carrier:
      • For principal and supplementary cardholders – Up to US$500,000.
      • For accompanying spouse - Up to US$500,000.
      • For accompanying children - Up to US$25,000.
    • Cover for baggage loss:
      • For principal and supplementary cardholders – Up to US$500.
      • For accompanying spouse - Not Applicable.
      • For accompanying children - Not Applicable.
    • Cover for baggage delay:
      • For principal and supplementary cardholders – US$300.
      • For accompanying spouse: - Not Applicable.
      • For accompanying children - Not Applicable.
    • Cover for travel delay:
      • For principal and supplementary cardholders – US$300.
      • For accompanying spouse - Not Applicable.
      • For accompanying children - Not Applicable.
    • Cover for trip cancellation:
      • For principal and supplementary cardholders – Up to US$300.
      • For accompanying spouse - Not Applicable.
      • For accompanying children - Not Applicable.

    Fees and Charges

    Type of fee Amount payable
    Annual fee Lifetime fee waiver
    Supplementary card fee S$75 (First year fee waived for 2 cards)
    Interest rate 25.5% p.a. (Minimum charge is S$2.50)
    Late payment charges S$80
    Cash advance fee 6% of the withdrawn amount (Minimum charge is S$)
    Interest on cash advance 28% p.a. (Minimum charge is S$2.50)

    Transaction in foreign currencies

    • A fee of 1% will be levied for transactions made in a foreign currency (charged by Visa).
    • A 1.4% administrative fee levied by the bank.
    • 1% fee on dynamic currency conversions.

    Cash Withdrawals

    Withdraw cash from CIMB Bank branches and through any MasterCard, VISA or Cirrus ATMs on the island and overseas through PLUS ATMs by requesting a Personal Identification Number (PIN) from CIMB Bank.

    How to apply for the CIMB Visa Signature Credit Card

    You can apply online for the CIMB Visa Signature Credit Card. Simply fill in “The CIMB Credit Card Application Form” available on the CIMB Visa Signature Credit Card webpage of the official CIMB Singapore website when you click on the “Apply Now” option and submit the completed form to the bank.

    Alternatively, you can also fill in the “Let Us Call You” (LUCY) form available on the same webpage when you click on the “Let Us Call You” option. You need to provide your personal and contact details on this form and a representative from the bank will get in touch with you to take the application process forward.

    Eligibility Criteria for the CIMB Visa Signature Credit Card

    • Minimum age:
      • Principal Cardmembers – 21 years.
      • Supplementary Cardmembers – 18 years.
    • Minimum income:
      • Singapore citizens and Permanent Residents below 55 years: S$30,000 p.a.
      • Singapore citizens and Permanent Residents 55 years and above: S$15,000 p.a.
      • If you do not meet the minimum income criterion, submit a Fixed Deposit Collateral worth S$50,000 to the bank to be eligible for application.

    Documents Required

    • Salaried Employees:
      • Front and back copy of NRIC AND
      • Most recent computerized payslip OR
      • Last 12 months CPF Contribution History Statement OR
      • Most recent Income Tax NOA (Notice of Assessment) + most recent computerized payslip/last 12 months CPF Contribution History Statement.
    • Self-employed:
      • Front and back copy of NRIC AND
      • Latest 2 years Income Tax NOA (Notice of Assessment) AND
      • Latest 3 months bank statements.
    • Commissioned/Variable income employees:
      • Front and back copy of NRIC AND
      • Latest 2 years Income Tax NOA (Notice of Assessment) OR
      • Last 12 months CPF Statement.

    Interest on the CIMB Visa Signature Credit Card

    The EIR or Effective Interest Rate on the CIMB Visa Signature Credit Card is 25.5% p.a. with a monthly interest rate of 2.125%. The minimum interest charged is S$2.50. The interest rate will be in effect if you do not make the full payment on your outstanding balance each month. The interest rate will be charged on all transactions every day from the date the transaction is posted and until the outstanding balance is repaid in full.

    If you do not pay the minimum due amount by your payment due date, the interest rate will be revised to an EIR of 28% p.a. and a monthly interest rate of 2.333%. Your interest rate will be reinstated to 25.5% p.a. when you pay your minimum due amount in full. All revisions to your interest rate will be applicable from the billing statement following your payment due date.

    The interest free period on this credit card is 23 days from your statement date if you pay your credit card bill in full every month and do not carry any balance forward from your previous statements.

    Repayments

    The minimum repayment amount on this credit card is 3% of your statement balance + any overdue amount from your last billing statement OR S$50. If you do not pay the minimum due amount by your payment due date, you will charged a late payment fee of S$80 and your interest rate will be revised to 28% p.a.

    Lost/stolen card liability

    If you have lost your CIMB Visa Signature Credit Card or it has been stolen, you must immediately inform the bank. The maximum liability for any unauthorized transactions on your card prior to informing the bank will be limited to S$100 if the bank is satisfied that you have not been grossly negligent OR acted fraudulently.

    Reporting lost/stolen credit card

    In case of loss or theft of your CIMB Visa Signature Credit Card, you must immediately inform CIMB Bank and lodge a police report.

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