• CIMB WORLD MasterCard

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    CIMB WORLD MasterCard

    Promotions

    CIMB Great Giveaway Promotion 2016

    Find below the Periods for Qualifying Spend and Redemption

    Qualifying Spend Redemption
    16th to 30th November, 2016 16th November to 7th December, 2016
    1st to 31st December, 2016 1st December, 2016 to 7th January, 2017
    1st to 31st January, 2017 1st January to 7th February, 2017
    • 20,000 Gifts: Spend a minimum amount of S$300 within your Qualifying spend period to redeem for any of the following gifts:
      • CapitaVoucher worth S$20.
      • Dairy Farm Gift Voucher worth S$20.
      • 500gm Chocolate Yule Log cake costing S$36 from Mandarin Oriental Singapore.
    • Weekend Staycation:
      • Get a 2 days and 1 night package worth S$512 at The Fullerton Hotel Singapore Courtyard room.
      • The package includes breakfast for 2 people.
      • To be eligible for this promotion, you must spend at least S$15,000 within the qualifying period.
      • You must be within the first 100 principal cardholders to send an SMS to the bank within the SMS Registration Period to qualify.

    Golfing Privileges

    • Complimentary green fees waiver at popular golf clubs across Singapore, Malaysia, Indonesia, Thailand, Cambodia, the Philippines and Vietnam.
    • This CIMB promotion is valid until December 31st, 2016.

    CIMB WORLD MasterCard

    Enjoy a host of lifestyle privileges, unlimited cash rebates and mouthwatering dining deals and offers on the CIMB WORLD MasterCard.

    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 WORLD MasterCard

    • Annual fees on the principal card is waived for life.
    • First year annual fee waived for 2 supplementary cards.
    • This credit card is accepted at more than 20 million establishments around the globe.

    Rewards

    • What you get – 1% cash rebate on all purchases.
    • How to redeem – Make local and overseas purchases using this credit card to continue earning cash rebates on all purchases.
    • Charges and Details – No cap to how much rebates you can earn.

    Benefits of the CIMB WORLD MasterCard

    Dining Privileges:

    • Avail dining discounts in the following way:
      • 50% discount for 2 diners.
      • 33% discount for 3 diners.
      • 25% discount for 4 diners.
      • 20% discount for 5 to 10 diners.
    • Up to 50% discount on dining at the following participating establishments:
      • Carlton City Hotel Singapore.
      • Mandarin Gallery.
      • Hotel Inn Singapore Atrium.
      • La Nonna.
      • District 10 Bar & Restaurant.
      • Senso Ristorante & Bar.
      • Spizza.

    Cross Border Smart Rewards:

    • Discounts at more than 1,000 retail, dining and lifestyle outlets across ASEAN for CIMB Credit Cardholders.

    Instalment Payment Plans – CIMB 0% i.Pay Plan

    • Enjoy interest free instalments on purchases made on this credit card.
    • You can choose repayment periods between 5, 10 or 20 months.
    • You will be charged a onetime processing fee depending on your chosen repayment period:
      • 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 the purchase into 5 or 10 months i.Pay Plan.
    • Minimum purchase of S$1,000 in a single receipt is required to convert your purchase into a 20 month i.Pay Plan.
    • Maximum transaction amount for converting your purchase into the 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 WORLD MasterCard

    Complimentary Travel Insurance for cardholder and their family if all travel fares are charged to the CIMB WORLD MasterCard:

    • Cover for Accidental Death/Permanent Disablement in a Common Carrier:
      • For principal and supplementary cardholders – Up to S$1,000,000.
      • For accompanying spouse - Up to S$500,000.
      • For accompanying children - Up to S$100.000.
    • Cover for baggage loss:
      • For principal and supplementary cardholders – Up to S$300.
      • For accompanying spouse - Up to S$300.
      • For accompanying children - Not Applicable.
    • Cover for baggage delay:
      • For principal and supplementary cardholders –S$300.
      • For accompanying spouse: - S$300.
      • For accompanying children - Not Applicable.
    • Cover for travel delay:
      • For principal and supplementary cardholders – Up to S$300.
      • For accompanying spouse - Up to S$300.
      • For accompanying children - Not Applicable.
    • Cover for travel misconnection:
      • For principal and supplementary cardholders – Up to S$300.
      • For accompanying spouse - Up to S$300.
      • 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$15)
    Interest on cash advance 28% p.a. (Minimum charge is S$2.50)
    Card Replacement S$20

     Transaction in foreign currencies

    Given below is the fee charged for transaction in foreign currency:

    • 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
    • An administrative fee of 1.4% is also levied by the bank for transactions in foreign currencies.
    • 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 WORLD MasterCard

    You can apply for the CIMB WORLD MasterCard online by filling and submitting the online application form. The CIMB Credit Card Application Form is available on the CIMB WORLD MasterCard webpage of the official CIMB Singapore website when you click on the “Apply Now” option.

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

    Eligibility Criteria for the CIMB WORLD MasterCard

    • Minimum age:
      • Principal Cardmembers – 21 years.
      • Supplementary Cardmembers – 18 years.
    • Minimum income:
      • Singapore citizens and Permanent Residents – S$120,000 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

    Please note that the documents submitted for this credit card application are not returnable.

    • Salaried employees:
      • Front and back copy of NRIC AND
      • Most recent computerized payslip OR
      • Most recent Income Tax NOA (Notice of Assessment) + most recent computerized payslip.
    • 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.
    • Supplementary Cardholders:
      • Singapore citizens and Permanent Residents - Front and back copy of NRIC.
      • Foreigners – Copy of Valid Passport.

    Interest on the CIMB WORLD MasterCard

    The interest rate charged per month is 2.125% with an EIR or Effective Interest Rate of 25.5% p.a. if you do not pay your statement balance in full. The interest rate will be charged on the transaction amount daily from the date the transaction is posted and until the statement balance is repaid in full. The minimum interest charged is S$2.50.

    If you fail to make the minimum payment by your payment due date, your interest rate will be revised to 2.333% per month with an EIR of 28% p.a. on your statement balance. Your EIR will be reinstated to 25.5% p.a. upon making the full minimum due payment. Any revisions on your interest rate will be in effect from the billing statement following your payment due date.

    Repayments

    The minimum repayment amount on this credit card is S$50 OR 3% of your statement balance + any overdue amount from your last billing statement. If you fail to make the minimum repayment by your payment due date, you will be 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 WORLD MasterCard or it has been stolen, you must inform CIMB Bank immediately. The maximum liability for any unauthorized transactions on your card prior to informing the bank will be limited to S$100 if you have not been grossly negligent OR acted fraudulently.

    Reporting lost/stolen credit card

    In case of loss or theft of your CIMB WORLD MasterCard, you must immediately inform CIMB Bank and lodge a police report.

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