• CIMB Visa Signature Credit Card

    Credit Card BYTES FROM OUR KITCHEN

    CIMB Visa Signature Credit Card

    Promotions

    The following promotions are valid until December 31st, 2016.

    • CIMB Eraman Promotion 2016:
      • Enjoy discounts at participating shopping establishments at Eraman Malaysia.
      • Discount of 10% on regular priced items at:
        • Gloria Jean’s Coffees
        • Bibik Heritage
        • PASTAMANIA
        • Bar Metropole at klia 2
    • CIMB Epicure’s Dining In the City 2016 Promotion – Popular promotions include:
      • ESQUINA – Each person will enjoy 1 complimentary glass of house wine.
      • POLLEN - Each person will enjoy 1 complimentary glass of house wine.
      • Hai Tien Lo, Pan Pacific Singapore – Discount of 10% on the total bill.
      • La Nonna - Discount of 10% on the total bill.
      • Samy’s Curry - Discount of 10% on the total bill.

    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

    The Big Bonus Cash Credit - This benefit is valid until December 31st, 2016.

    • Apply for any 2 Credit Cards with the exception of CIMB Classic MasterCard.
    • Spend at least S$300 each month for a period of 6 months.
    • You will earn cash credit of S$25 every month for 6 qualifying months.

    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 10% cash rebate on transactions.
    • How to redeem – You will cash rebates when you spend in the following way:
      • 10% cash rebate for transactions made at Wine and Dine establishments.
      • 10% cash rebate for transactions made on online shopping in foreign currencies.
      • 0.2% cash rebate on all other transactions.
    • Charges and details – There is no minimum purchase amount required to earn cash rebates and no cap to how much cash rebate you can earn.

    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

    • Avail 0% interest on purchases made on this credit card using the CIMB 0% i.Pay Plan.
    • Choose between 5, 10 or 20 months as your repayment period.
    • Depending on your chosen repayment period, you will be charged a onetime processing fee:
      • 5 or 10 months – 3% of the transaction amount.
      • 20 months – 5% of the transaction amount.
    • Minimum purchase of S$500 in a single receipt is required to convert your purchase into 5 or 10 months instalment payment plan.
    • Minimum purchase of S$1,000 in a single receipt is required to convert your purchase into a 20 month instalment payment plan.
    • Maximum transaction amount for converting your purchase into the CIMB 0% i.Pay Plan is S$30,000.
    • This plan cannot be availed for payments including cash advances, interest payments and other card fees and charges.

    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% is levied for transactions made in foreign currency
    • A fee of 1% is levied on transactions made in Singapore in Singapore currency but processed outside Singapore
    • 1% is charged as Dynamic Conversion fee for the transactions.

    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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