CIMB World Mastercard Overview:
The CIMB World Mastercard is a card for social spenders who have high budgets on dining, entertainment, and leisure. The card offers an unlimited 2% cashback on spending in categories such as drinking, dining and online food delivery, movies and digital entertainment, taxi and automobile, and luxury goods with a minimum spend of S$1,000. For all other spends, users will receive an unlimited 1% cashback with a minimum spend of S$500. What makes the CIMB World Mastercard more attractive is that it has no annual fee attached to it and users can apply for free supplementary cards.
Requirements
- You qualify if: you have no CIMB credit card right now
- For the base reward (S$138), spend S$108 within 30 days of card approval
- For the higher reward (S$238), reach S$988 total spend within 60 days
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$30,000 (locals/PRs)
- 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:
- Unlimited 2% cashback on dining, movies and entertainment, taxi and automobile and luxury goods with a minimum spend of S$1,000 per statement month
- Unlimited 1% on all other spend with minimum spend of S$500
- No annual fees for life
How to Best Optimise it:
Best Used on these Specific MCCs with Minimum Spending Achieved
- The CIMB World Mastercard provides up to 2% cashback with a minimum spend of S$1,000 on purchases in these specific categories. These categories include Wine & Dine, Online Food Delivery, Movies and Digital Entertainment, Taxi and Automobile, and Luxury Goods.
Cashback | Categories |
2% unlimited cashback (min. spend S$1,000) | Wine & Dine – MCC 5811 (Caterers) – MCC 5812 (Restaurants and eating places) – MCC 5813 (Bar, Lounge, Disco, Nightclub, Tavern-Alcoholic Drinks) – MCC 5814 (Fast Food Restaurants) |
Online Food Delivery – Deliveroo – Foodpanda – GrabFood (Grab transactions under MCC 5814 classification – Fast Food Restaurants only) – WhyQ – Airasia Food | |
Movies and Digital Entertainment – MCC 5815 (Digital Goods – Audiovisual Media) – MCC 5816 (Digital Goods – Games) – MCC 5818 (Digital Goods – Multi Category) – MCC 7832 (Motion Picture – Theaters) | |
Taxi and Automobile – MCC 4121 (Limousines And Taxicabs) – MCC 5013 (Motor Vehicle Supplies And New Parts) – MCC 5511 (Automobile and Truck Dealers – Sales, Service, Repairs, Parts, and Leasing) – MCC 5521 (Automobile And Truck Dealers (Used Only) Sales – MCC 5531 (Auto Store, Home Supply Stores) – MCC 5532 (Automotive Tire Stores) – MCC 5533 (Automotive Parts, Accessories Stores) – MCC 5592 (Motor Home Dealers) – MCC 7531 (Automotive Body Repair Shops) – MCC 7534 (Tire Retreading And Repair Shops) – MCC 7535 (Automotive Paint Shops) – MCC 7538 (Automotive Service Shops) | |
Luxury Goods – MCC 5094 (Precious Stones and Metals, Watches and Jewelry) – MCC 5944 (Clock, Jewelry, Watch, and Silverware Store) – MCC 5948 (Leather Goods and Luggage Stores) | |
1% unlimited cashback (min. spend S$500) | All other spends |
Utilise Golf Privileges
- Get 50% off green fees at 42 renowned golf courses throughout the region. To make your golf booking, please click here.
Take Advantage of the Mastercard Travel Rewards
- Mastercard Travel Rewards offers special discounts at select international merchants.
What to Avoid:
Exclusion List:
- Any ez-Link/Transit Link top-up/reload
- Any payments made to CardUp, iPaymy, Mileslife, SmoovPay and YouTrip
- Any top-ups or payment of funds to payment service providers (this includes but is not limited to GrabPay, Singtel Dash, ShopeePay, Lazada top-ups)
- Any payments to online trading platforms and brokerages
- Any crypto currencies transactions
- Any cash advances
- Any gambling-related transactions
- Any quasi-cash transactions
- Any payments to insurance companies
- Any 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)
- Any donations or payments to non-profit organisations (this includes but is not limited to religious and charitable organizations and social services)
- Any payments for utilities (this includes but is not limited to electric, gas, heating oil, sanitary and water utility bill payments)
- Any payments done via any AXS network
- Any payments done via any SAM network
- Any late payment charges or interest charges on any Card
- Any fees payable to the Bank (or any other third party) for transfer of any debit balance on any other credit card to a Card
- Any other interest, fees and charges (including without limitation, 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 Principal or Supplementary Cardmember’s CIMB Credit Card account
- Any credit card transaction that was subsequently cancelled, voided or reversed for any reason
- Any other transactions that may be prescribed by the Bank
Is it Worth it:
Advantages:
- Unlimited 2% cashback on some categories like luxury goods or cars. eg. Rolex or Hermes bag.
- No cap on bonus or base cashback earned
- No annual fee
Disadvantages:
- there are cards that are able to offer higher cashback with lower requirements for highly competitive categories like Online Food Delivery, Taxi and Automotive
Frequently Asked Questions:
When will the cashback credited: It will be credited on the account on a monthly basis in the following statement month.
Final Thoughts:
This card may only be for cashback hunters who spends a lot on luxury goods and even cars! Most car companies would charge a 2-3% fee for using credit card. If the car companies does not charge a fee, then I do see that one could potentially get an uncapped 2% cashback on a car purchase (I would check the MCC of the company that i’m buying from beforehand). For a more versatile and all-rounded cashback card for daily general spending, DCS Ultimate Platinum would fulfill the same purpose of unlimited 2% cashback and it does not exclude most MCCs related to car purchases; but take note that it has spending cap of S$10,000. If that spending cap is enough for you, then you can consider DCS Ultimate Platinum!
💳 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.
💡 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.
