It’s new, it’s for the young, it’s “awsm”, and it’s for the awesome. Say hello to a card that is as young, energetic, and vibrant as you are. Designed primarily for young adults below the age of 30 not earning any annual income, this card gives you the best rewards you can expect without having to earn an income. It gives you a cashback of 1% on spends across a number of categories such as online shopping, dining, entertainment, and Telco bills. The card also features many deals and offers when you spend in neighbouring countries such as Malaysia or Indonesia. To top it all, the card is free for life. What more could a young adult like you ask for? Spend, earn rewards, and enjoy life. Make it large, make it awesome.
|Cashback on online shopping, entertainment, and dining||1%|
|Cashback on all telco-related spends||1%|
If you’re like us, you probably love shopping online. No doubt, you spend quite a few hundred dollars every now and then. What if we told you that you can get rewarded for spending on online retail shopping? Yeah, that’s right, using this card on your next retail purchase on the internet can get you a cashback of 1%. If you hang out with your friends at restaurants and cafes in Singapore, use this card to pay for your next food bill and get a 1% cashback. Whether you’re checking out a new restaurant, visiting one of your favourite food joints, or exploring the hottest clubs in the country, you get rewarded for doing so. Eat, party, earn rewards, repeat. Sounds too good to be true, but it is.
Your mobile phone is most likely a big part of your life. You probably use it to make plans with your friends and peers, whether it is about going out, planning a holiday, or even planning a study session. Or maybe you’re thinking of buying a new phone from a major telecommunication company. Using the CIMB AWSM Card for such spends will get you a 1% cashback.
If you’re going on a holiday with your family to either Malaysia or Indonesia, take this card along with you. It offers you various discounts and deals with more than 1,000 participating merchants in these countries, on categories such as retail, dining, and lifestyle spends. You also get access to a host of exclusive privileges courtesy of Mastercard.
You will earn cashback on the following spends:
There is no cap applicable on the cashback amount you can earn. The cashback amount you’ve earned will be credited to your account in the succeeding statement month. The amount of cashback will be computed based on two decimal places for a single transaction. There will be no rounding up of the cashback amount you’ve earned.
Let us assume you spent S$100 in a month across categories like– dining, online shopping, entertainment, and telecommunications. Take a look at how much cashback you’ll earn in the following statement month.
|Spend category||Monthly spend||Cashback you qualify for||Cashback you earn|
|Type of Interest||Charge|
|Retail Purchases||27% p.a. (2.25% per month)|
|Cash Advance||28% p.a. (2.333% per month)|
|Instalment Payment Plan||0% (a one-time processing fee will be applicable)|
|Type of charge||Charge|
|Annual fee||Free for life|
|Overseas Transaction Fee||
|Late Payment Fee||S$80|
|Over-limit Fee||S5% of the excess withdrawn amount or S$50 (whichever is higher will be considered|
|Cash Advance Fee||6% of the withdrawn amount (a minimum charge of S$15 will be applicable)|
|Minimum monthly payment||S$15 or 3% of the pending balance, whichever amount is higher will be considered, plus any pending overdue amount from the past billing cycles|
|Replacement card||S$20 for each card|
Yes, for security purposes you’ll need to activate your card for overseas usage. This can be done via activating the magnetic stripe on the back side of your credit card. Activation can be done in 2 ways:
Also, you need to ensure that the magnetic stripe is deactivated no sooner you come to back to Singapore.
Your cash withdrawal limit will depend on how much credit limit you have on your credit card.
You can find out if you qualify to apply for a CIMB AWSM Card by clicking here.
There are many in Singapore who are still not aware of the pros and cons of credit cards and how they can be used to build a credit score. Look through our website to find the benefits of all credit cards explained thoroughly.
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