Best CIMB Credit Cards 2019

CIMB’s credit cards represent some of the most value-oriented products in Singapore, and they don’t pull punches in terms of rewards. CIMB offers a number of cards that have neither annual fee nor complications, making them the cheapest credit cards to use in Singapore. Here, we drill down on what makes CIMB’s credit cards brilliant and who may find them appropriate for their circumstances.

Best CIMB Credit CardsCard Features
Best for Medical & TransportCIMB Platinum MC10% rebate on medical, transport, dining & more
Cashback for TravellersCIMB Visa InfiniteUnltd. 2% rebate on travel & overseas
Golfing PrivilegesCIMB WorldUnltd. 2% rebate on leisure spend, free green fees
Best for Beauty & OnlineCIMB Visa Signature10% rebate on beauty, online, pets, cruises & more
Student CardCIMB AWSM1% rebate in popular spend categories

Best Card for Rebates on Medical & Transport: CIMB Platinum MasterCard

CIMB Platinum Mastercard
CIMB Platinum Mastercard

Consider this if you want a specialised rebate credit card for medical and transport expenses

Annual Income Requirement Singaporean & Singapore PR: S$30,000. Singaporean & Singapore PR, aged 55 years and above: S$15,000. Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$10,000
Foreigner Income Requirement N/A
Promotions:
  • Up to 10% off bookings with Expedia & Booking, 8% with Agoda

If you want to earn rebates for monthly medical and transport spend, CIMB Platinum MasterCard offers some of the highest rates on the market. While most credit cards do not reward health expenses at all, CIMB Platinum MC cardholders earn 10% cashback on everything from doctor & dentist visits to nursing & personal care facilities. Transport and petrol–including buses, trains, taxis, Grab and more–earn 10% cashback as well, both locally and overseas. Additional benefits include 10% rebates on dining, travel spend in foreign currency, and transactions with select local electronics and furnishing vendors.

It's worth mentioning that rewards are capped at S$20 per category, which can be maxed out with just S$200 spend. As a result, this card is a great fit if you spend at about this level per category; higher spending will earn more with alternative cards. Nonetheless, CIMB Platinum MasterCard is a low-risk card as there's no annual fee. In other words, even if your spending is a bit irregular, you can still stand to benefit–perhaps even more so than with other cards, given the high rebate rates. Finally, CIMB Platinum MasterCard may also be a useful supplement to a flat rebate or everyday card.

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  • Annual fee: Free
  • 10% cashback on medical, transport & petrol, dining, overseas travel & electronics/furnishings
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • 10% cashback on medical, transport & petrol, dining, overseas travel & electronics/furnishings
  • CIMB 0% Interest i.Pay Instalment Plan

Best Cashback Card for Affluent Travellers: CIMB Visa Infinite Card

CIMB Visa Infinite Card
CIMB Visa Infinite Card

Consider this if you want a no fee cashback card for travelling

Annual Income Requirement Singaporean & Singapore PR: S$120,000 . Applicants who do not meet the minimum requirement can submit a minimum Fixed Deposit Collateral of S$50,000
Foreigner Income Requirement N/A
Promotions:
  • Up to 10% off bookings with Expedia & Booking, 8% with Agoda

Frequent travellers looking for maintenance-free cashback may be interested in the no-fee CIMB Visa Infinite Card. Cardholders earn unlimited 1% cashback on general spend with no minimum requirement, and 2% on travel and overseas spend after S$2,000 spend. This card is great for consumers who prefer rebates to miles, and who don't want to keep track of earning caps by category.

CIMB Visa Infinite Card is not a typical travel card, but it offers a few perks and privileges most travellers would find attractive. Cardholders receive 3 complimentary lounge visits per year, as well as free travel insurance. And, even though there's a S$120,000 salary requirement, affluent consumers are the most likely to benefit from the card's unlimited earning potential anyways. For high-spending travellers looking for straightforward cashback without an annual fee, CIMB Visa Infinite Card is an excellent option.

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  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses, foreign currency transactions & overseas spend
  • Unlimited 1% cashback on all other spend
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • Unlimited 2% cashback on all travel expenses, foreign currency transactions & overseas spend
  • Unlimited 1% cashback on all other spend
  • Free travel insurance, 3x lounge access, discounted limo transfers
  • CIMB 0% Interest i.Pay Instalment Plan

Best Cashback Card for Golfing Privileges: CIMB World MasterCard

CIMB World Mastercard
CIMB World Mastercard

Consider this if you want a free credit card with golf benefits

Annual Income Requirement Singaporean & Singapore PR: S$50,000. Applicants who do not meet the minimum requirement can submit a minimum Fixed Deposit Collateral of S$50,000
Foreigner Income Requirement N/A
Promotions:
  • Up to 10% off bookings with Expedia & Booking, 8% with Agoda

CIMB World MasterCard Credit Card is an excellent no-fee card for affluent golfers with high leisure spend. Cardholders earn unlimited 1.5% cashback on general spend and 2% on wine and dine, entertainment, recreation, automobile, and duty-free stores spend–locally and overseas–with no minimum requirement. In addition, consumers receive complimentary green-fees at 40 fairways across 7 countries in SE Asia and access to airport lounges worldwide.

Consumers with high leisure spend are most likely to benefit from CIMB World MasterCard's unlimited earning potential and rewards for spend at bars, lounges, country clubs, and the like. However, there is no annual fee, so lower spenders interested primarily in golfing privileges may still benefit greatly from CIMB World MasterCard.

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  • Annual fee: Free
  • Unlimited 2% cashback on wine & dine, entertainment, recreation, automobile & parking, petrol, and duty-free stores spend (locally & overseas)
  • Unlimited 1.5% cashback on all other spend
  • Complimentary green fees at 40 fairways in SE Asia
  • Free travel insurance, access to MasterCard Airport Experiences
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • Unlimited 2% cashback on wine & dine, entertainment, recreation, automobile & parking, petrol, and duty-free stores spend (locally & overseas)
  • Unlimited 1.5% cashback on all other spend
  • Complimentary green fees at 40 fairways in SE Asia
  • Free travel insurance, access to MasterCard Airport Experiences

Best Cashback Card for Beauty & Online Fashion: CIMB Visa Signature Card

CIMB Visa Signature
CIMB Visa Signature

Consider this if you want a no-fee credit card for beauty, online fashion & more

Annual Income Requirement Singaporean & Singapore PR: S$30,000. Singaporean & Singapore PR, aged 55 years and above: S$15,000. Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$10,000
Foreigner Income Requirement N/A

CIMB Visa Signature Card is a great no-fee cashback card for those who spend on groceries but also have a discretionary budget. Cardholders earn 10% cashback on beauty, online fashion, petcare, cruise lines and groceries after an S$800 minimum spend. Few credit cards offer elevated rewards for these spend categories, and none approximate this high of a rate. In addition, cardholders can earn up to S$100/month total–which runs to S$1,200/year.

It's worth mentioning, however, that earnings are capped at S$20 per category. This means that, in order to reach the maximum earning potential, cardholders must spend at least S$200/month on each category. Nonetheless, CIMB Visa Signature Card has no annual fee, so there's no need to worry about maintenance and cardholders can still benefit from periodic or irregular spending.

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  • Annual fee: Free
  • 10% cashback on beauty, online fashion, petcare, cruises and groceries
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan
  • Annual fee: Free
  • 10% cashback on beauty, online fashion, petcare, cruises and groceries
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan

Best Rebate Card for Students: CIMB AWSM Card

CIMB AWSM Card
CIMB AWSM Card

Consider this if you earn S$18,000 and S$30,000 per year and are below the age of 35

Annual Income Requirement S$0.0 for Students & NSFs (age 18-29); S$18,000 for salaried employees age below 35; S$30,000 for age above 35
Foreigner Income Requirement N/A

CIMB AWSM Card is one of the best options on the market for students as well as for low-income adults (earning less than S$30,000/year). Cardholders earn an unlimited 1% rebate on a variety of key spend categories: dining, entertainment, online shopping & telco. Even better, there’s no minimum spend requirements and the card is free forever. Finally, students also have access to CIMB Deals & Discounts, which offer dining privileges and regional promotions across Singapore, Indonesia & Malaysia.

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  • Annual fee: Free
  • Accessible to working adults earning up to S$30,000/year
  • 1% unlimited cashback on dining, entertainment, online shopping & telco
  • No minimum spend requirement
  • S$500 credit limit
  • Access to CIMB Deals & Discounts
  • Annual fee: Free
  • Accessible to working adults earning up to S$30,000/year
  • 1% unlimited cashback on dining, entertainment, online shopping & telco
  • No minimum spend requirement
  • S$500 credit limit
  • Access to CIMB Deals & Discounts

Summary of Best CIMB Credit Cards 2019

Below, we've prepared a summary of our picks for the best CIMB credit cards 2019.

CardBest for...Annual Fee
CIMB Platinum MasterCardHealth & TransportS$0.0
CIMB Visa InfiniteCashback for TravellersS$0.0
CIMB WorldCashback for GolfersS$0.0
CIMB Visa SignatureBeauty & OnlineS$0.0
CardBest for...Annual Fee
CIMB Platinum MasterCardHealth & TransportS$0.0
CIMB Visa InfiniteCashback for TravellersS$0.0
CIMB WorldCashback for GolfersS$0.0
CIMB Visa SignatureBeauty & OnlineS$0.0

Similar Cards from Other Banks to Consider

Below, we have evaluated pros and cons of each card in relation to its competitors from other banks. We also show how much one can earn or save by using a certain card over a 2-year period. By adding up the cashback, mile awards and promotions that you can earn with each card, we can give you an idea of which CIMB credit card is the best for your circumstances. Do note, however, that your choice depends heavily on your individual spending habits and reward preferences, so you should make sure to read our credit card reviews that we've prepared.

A chart comparing actual value of CIMB credit cards against cards from other banks in Singapore
A Graph Comparing 2-Year Dollar Value of CIMB Cards to Cards from Other Banks

CIMB Visa Infinite Card vs Standard Chartered Unlimited Cashback Card

Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card

Standard Chartered Unlimited Cashback Card offers cardholders 1.5% flat rebate with no cap on earnings–which is great for high spenders who typically feel constrained by monthly rewards caps. In addition, cardholders enjoy great transport perks: SC Unlimited Cashback Card is EZ-Link compatible and offers up to 21% fuel savings with Caltex. There’s a S$192.6 fee, waived 2 years.

CIMB Visa Infinite Card offers a lower local rate but a higher overseas rate, making it a better option for travellers. In addition, there’s no annual fee, and cardholders enjoy perks like free travel insurance and airport lounge access. If you want cashback for spend overseas, you’ll earn more with CIMB Visa Infinite Card; if you spend more of your time locally and prefer transport benefits, SC Unlimited Cashback Card may be a better choice for you.

CIMB World MasterCard vs Maybank World MasterCard

Maybank World MasterCard is the best miles-earning card on the market for golfers. Cardholders receive 2 free green fees/month at 120 fairways across 25 countries. In addition, every S$1 spend with select dining & retail merchants earns 10 points (4 miles). The annual fee is waived with S$24,000 annual spend.

CIMB World MasterCard, on the other hand, offers cashback rather than miles. It also rewards more categories of spend–though at a lower rate. Cardholders receive access to fewer fairways in a smaller geographic area, but the card is free forever–no need to earn a fee-waiver.

CIMB Platinum MasterCard vs Citi Cash Back Card

Both CIMB Platinum MasterCard and Citi Cashback Card reward spend on dining and petrol, but CIMB Platinum MasterCard offers a higher rewards rate (10% v. 8%) and has a lower minimum spend requirement (S$800 v. S$888). In addition, CIMB Platinum MasterCard doesn't charge an annual fee, while Citi Cashback Card charges S$192.6 annually.

However, CIMB Platinum MasterCard caps categories at just S$20, compared to S$25 with Citi Cash Back Card. This means consumers who spend more than S$200/month on dining and/or on transport may prefer the latter option. Nonetheless, CIMB Platinum MasterCard also rewards categories like medical spend, overseas travel, and electronics and furnishings, making it a bit more versatile overall.

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

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