CIMB Visa Signature Sign Up Promotion:
- Receive S$100 Cash via PayNow (New Cardholders) S$50 Cash via PayNow (Existing Cardholders) with no minimum spend
- Valid until 20 December 2024
- Read Terms and Conditions here
- Must fulfill spending requirement to receive gift confirmation
- Remember to check for SingSaver email to secure your rewards after you have applied!
Stackable with Direct Bank Rewards:
- Receive Up to S$188 Cashback
- Apply for select CIMB credit cards and make minimum spends to be eligible for reward:
- Make a minimum spend of S$108 within 30 days of card approval date to receive S$88 Cashback
- Make a minimum spend of S$988 within 60 days of card approval date to receive additional S$100 Cashback (S$188 total)
- Promotion is valid until 31 January 2025
- Promotion is valid for new CIMB credit cardmembers only
- Read Terms and Conditions here
CIMB Visa Signature Card Overview:
- The CIMB Visa Signature card offers a high 10% cashback rate on selected categories which makes it perfect for shoppers who consistently purchase products or services from a wide range of categories. This card also has no annual fee attached to it making it an even attractive card to have.
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$30,000 (locals/PRs & Foreigners)
- Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$10,000.
- Annual Fee: Free for life for all Principal and Supplementary cards
Key Benefits:
- 10% cashback (capped at S$100 per statement month) on online shopping, groceries, beauty/wellness, pet shops/veterinary services and cruises
- Unlimited 0.2% cashback on all other spend
- Can be used for bus and train rides with SimplyGo
- Complimentary travel insurance of up to S$500,000 when you charge your travel fares to this card
- No annual fees for life + up to 4 supplementary cards with no annual fees
- Min. spending of S$800 in the statement month to qualify for 10% cashback
Where Can I Use it:
This can be used on online shopping, beauty/wellness, pet services, groceries, and cruises with a 10% cashback as long as you reach the minimum spend requirement of S$800; with S$100 cap per month and each category are individually capped at S$20.
Category | Eligible Transactions | Monthly Cap | Sweet Spot Spending |
Beauty & Wellness | All local and overseas transactions made at personal care facilities, pharmacies, cosmetic stores (excluding department stores), hairdressers, massage parlours, health, and beauty spas | S$20 | S$200 |
Grocery | Online & offline spend at supermarkets (local & overseas) | S$20 | S$200 |
*Online Shopping | All local and overseas online retail transactions made via shopping websites MCC 5611: Men’s and Boys’ Clothing and Accessories Stores MCC 5621: Women’s Ready to Wear Stores MCC 5631: Women’s Accessories and Speciality Stores MCC 5641: Children’s and Infants’ Wear Stores MCC 5651: Family Clothing Stores MCC 5661: Shoe Stores MCC 5691: Men’s and Women’s Clothing Stores MCC 5699: Miscellaneous Apparel and Accessories Stores MCC 5732: Electronic Stores MCC 5311: Department Stores Alibaba, Amazon, Apple, Daigou, Ezbuy, Razor, Shopee | S$20 | S$200 |
Pet Services | All local and overseas transactions made at pet shops and vet service | S$20 | S$200 |
Cruises | Local and Overseas transactions with cruise lines | S$20 | S$200 |
*This excludes all other online websites, not limited to movies, food & beverage, travel, airline, government, brokerages/securities, insurance, tuition and online gambling websites.
Is it Worth it:
Advantages:
- Relatively high cashback for common enough categories
- No annual fees for life
- Can use when situation arise – but if you use, should ideally reach minimum spending to qualify for 10% cashback
Disadvantages:
- Relatively high minimum spending S$800 in the statement month to qualify for 10% cashback.
- Category split makes it difficult to optimise without tracking
- Random category like cruises for cashback
Frequently Asked Questions:
When is cashback credited: It will be credited on a monthly basis within the same statement month.
Here’s the full exclusion list:
- Cash advances
- Gambling-related transactions
- Quasi-cash transactions
- Payments to insurance companies
- Payments to government institutions (this includes but is not limited to government services, government related postal services, government related purchases, court costs, fines, bail and bond payments and tax payments)
- Donations or payments to non-profit organisations (this includes but is not limited to religious and charitable organizations and social services)
- Payments for utilities (this includes but is not limited to electric, gas, heating oil, sanitary and water utility bill payments)
- Payments done via any AXS network o Any late payment charges or interest charges on any Card
- Fees payable to the Bank (or any other third party) for transfer of any debit balance on any other credit card to a Card o Any other interest, fees and charges (this includes but is not limited to cash advance, annual or monthly fees or charges) imposed by the Bank from time to time
- Balance and/or funds transfers to or from the Card Account
- Credit card transaction that was subsequently cancelled, voided or reversed for any reason and
- Other transactions that may be prescribed by the Bank.
Read Terms and Conditions Here
Final Thoughts:
- This is honestly a great card with a high cashback rate of 10% especially if you spend a lot on the aforementioned eligible spending categories. This could be for you if you spend a lot on groceries, if you have a pet, or you simply enjoy indulging in self-care purchases. Though, considering the limited number of categories, you might want to reconsider acquiring this card especially if you do not fit within this demographic.
Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
CIMB Visa Signature Sign Up Promotion:
- Receive S$100 Cash via PayNow (New Cardholders) S$50 Cash via PayNow (Existing Cardholders) with no minimum spend
- Valid until 20 December 2024
- Read Terms and Conditions here
- Must fulfill spending requirement to receive gift confirmation
- Remember to check for SingSaver email to secure your rewards after you have applied!
Stackable with Direct Bank Rewards:
- Receive Up to S$188 Cashback
- Apply for select CIMB credit cards and make minimum spends to be eligible for reward:
- Make a minimum spend of S$108 within 30 days of card approval date to receive S$88 Cashback
- Make a minimum spend of S$988 within 60 days of card approval date to receive additional S$100 Cashback (S$188 total)
- Promotion is valid until 31 January 2025
- Promotion is valid for new CIMB credit cardmembers only
- Read Terms and Conditions here
We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.
