CIMB Visa Signature Card: Best Rewards Card for Dining

CIMB Visa Signature
CIMB Visa Signature

CIMB Visa Signature Card: Best Rewards Card for Dining

Best No-Fee Cashback for Food and Online Shopping

Good for

  • Average spenders who enjoy both dining out and eating at home
  • Consumers who frequently shop online
  • People who want a no-annual fee credit card

Bad for

  • Commuters and frequent drivers looking for discounts on transport and petrol
  • Families who spend across a broad range of daily essentials
  • Frequent travellers looking for miles or other travel benefits

Editor's Rating

4.0/5.0

If you're looking to earn cashback on food and online shopping expenses without paying an annual fee, CIMB Visa Signature Card could be the perfect card for you. As one of the strongest cashback cards on the market, CIMB Visa Signature has no annual fee and offers rebates up to 10% for all dining, grocery, and online spend. If you spend primarily in these categories, this card offers easy earning with minimal maintenance.

ProsCons
  • No annual fee for life
  • 10% cashback for dining transactions, both local and overseas
  • 10% cashback on groceries including online ordering, both local and overseas
  • 10% cashback on online shopping spend
  • CIMB 0% i.Pay Plan (continued cashback, flexible payment schedules, interest free payments)
  • Complimentary travel insurance and concierge service
Promotions:
  • Up to S$120 cash credit when you spend S$400 within first 2 months from card approval
  • Limited categories eligible for 10% cashback
  • Relatively low base rate of 0.2% for all other retail spend
  • No card-associated discounts on petrol

What Makes CIMB Visa Signature Stand Out

CIMB Visa Signature is a great no-fee cashback card for consumers who spend primarily on food and online shopping. It caters to individuals who enjoy both eating in and dining out with 10% cashback on groceries and dining, and offers 10% cashback on all online retail spend. What's especially great about the CIMB Visa Signature is that consumers can enjoy these benefits after a qualifying spend of just S$600 per month, which is fairly accessible to the average spender. Cardholders never pay an annual fee, so this card can also work as a supplementary card to other cards. With a generous cap on the 10% rate of S$100 per month and unlimited 0.2% cashback on all other expenses, the CIMB Visa Signature Card is an excellent option for earning rewards quickly and easily in key categories, without added fees. In fact, consumers continue to earn cash rebate even during repayment tenures, through CIMB's 0% i.Pay Plan.

Monthly Statement Retail PurchasesLess than S$600S$600 or MoreLimitations
Dining0.2%10% (up to S$50 per month)Combined Cap of S$100/month
Groceries0.2%10% (up to S$50 per month)
Online Shopping0.2%10% (up to S$50 per month)
All Other Spend0.2%0.2%Unlimited

The CIMB Visa Signature Card does have a few drawbacks, however. The 0.2% cashback rate for all general spend is fairly low and wouldn't as strongly support consumers with diversified spending. Families who spend across a variety of categories or those looking for cashback on everyday spend would not maximise their reward potential with the CIMB Visa Signature. CIMB Visa Signature also does not offer any discounts or promotions for petrol which would be a drawback for drivers.

Overall, CIMB Visa Signature is ideal for food-lovers and online shoppers, and offers generous cashback in these categories without an annual fee. Consumers with diversified spending looking for cashback on daily essentials and drivers who rely on petrol discounts would be better served by alternative cards, such as POSB Everyday Card or OCBC 365 Card.

How Does CIMB Visa Signature Rebate Program Work?

Use our quick and easy-to-read guide below to learn how you you can redeem CIMB Visa Signature Card rewards.

  • Every 1 dollar of cashback earned is equal to S$1
  • Cashback is credited to the cardholder's account monthly
  • Cashback is automatically forfeited and is non-transferable when an account is closed

CIMB Visa Signature Rewards Exclusions

Some credit card expenditures are ineligible for cash back or rebate. We identify these exclusions in the table below.

Exclusion CategoryDescription
Bank FeesInterest charges, late payment charges, cash advances, quasi-cash transactions, balance and/or funds transfers to or from the Card Account, any credit card transaction that was subsequently cancelled, voided or reversed for any reason, 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/charges (including without limitation, cash advance, annual or monthly fees or charges) imposed by the Bank from time to time, and any other transactions that may be prescribed by the Bank
Transfers & Bill PaymentsAny 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
Institutional PaymentsPayments 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), insurance companies, and donations or payments to non-profit organisations (this includes but is not limited to religious and charitable organizations and social services)
Betting or GamblingAny gambling-related transactions

CIMB Visa Signature Card's Features and Benefits:

CIMB Visa Signature
CIMB Visa Signature
Details & Benefits
Annual FeeS$0.0, Perpetual waiver
Annual Income RequirementS$30,000 for locals, S$48,000 for foreigners
Card Details
  • No annual fee for life
  • 10% cashback for dining transactions, both local and overseas
  • 10% cashback on groceries including online ordering, both local and overseas
  • 10% cashback on online shopping spend
  • 0.2% cashback on all other spend, unlimited, no minimum spend
  • S$600 monthly spend requirement to qualify for 10% cashback rate
  • Each category eligible for 10% cashback rate is capped at S$50 cashback per month
  • Total cashback at 10% rate is capped at S$100 per month
  • Cashback earned beyond cap accrued at 0.2% rate and is unlimited
  • CIMB 0% i.Pay Plan (continued cashback, flexible payment schedules, interest free payments)
Promotions:
  • Up to S$120 cash credit when you spend S$400 within first 2 months from card approval
Other Benefits
  • Complimentary travel insurance
  • Visa Signature Concierge service
  • CIMB Deals & Discounts program (discounts with network of 1,000+ dining, retail, and lifestyle merchant outlets)

How does CIMB Visa Signature Compare Against Other Cards?

Read our comparisons of CIMB Visa Signature Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

CIMB Visa Signature leads the market in value-to-consumer after two years, based on an average monthly spend of S$2,000

CIMB Visa Signature v. Citi Cash Back Card

Consider this if you spend primarily on food as well as transportation

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Citi Cash Back Card is a great fit for the average spender looking to earn cashback on food and transportation expenses. The card prioritizes spend within these areas, offering a relatively high cashback rate of 8% on dining, groceries, Grab and petrol. Citi Cash Back Card also offers flexibility with its Citi Rebate Program, which provides an additional 10% in savings at selected merchants.

These rates are available after a minimum qualifying spend of S$888 per month which is fairly accessible for consumers spending S$2k per month. However, the 8% cashback rate is capped at S$25 per category, which may be limiting for average spenders. For average spenders less interested in transport and petrol, and more interested in higher cashback on food and shopping, CIMB Visa Signature Card may be a better fit. Also Citi Cash Back Card charges an annual fee of S$192.60, while CIMB Visa Signature Card doesn't charge an annual fee.

CIMB Visa Signature v. UOB Delight

UOB Delight Card
UOB Delight Card

Consider this if you want maximum savings on groceries

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

UOB Delight Card is great for cashback on everyday purchases such as transport, groceries, utilities, and other recurring bills. Despite its breadth of coverage, the card most heavily benefits grocery transactions with an 8% rebate at Cold Storage, Market Place, Jasons, Giant and Guardian. Shopping house brands contributes an additional 10% in savings, totalling potential grocery savings at up to 18%—the highest on the market. It's no wonder that UOB Delight is considered the top grocery rewards card in the country. Nonetheless, this card is strongly oriented towards families who mostly eat in. Consumers who enjoying both eating in and dining out might benefit more from CIMB Visa Signature.

CIMB Visa Signature v. POSB Everyday Card

Consider this if you are a busy homemaker who want to maximise savings on groceries, utilities, personal care, and petrol

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

POSB Everyday Card offers moms and families a great way to earn maximum cashback from their daily expenditures. The card offers rebates on essentials like dining, groceries, recurring monthly bills, personal care and petrol of up to 20%. In fact, POSB Everyday Card was voted the most owned and utilised credit card in Singapore in 2017. In order to unlock most of these rates, however, consumers must reach a minimum qualifying spend of S$800 monthly. Because of this minimum as well as the annual fee of S$192.60 (waived only the first year), some consumers may feel that this card is not as affordable as CIMB Visa Signature Card. While POSB Everyday benefits consumers with diversified spend, CIMB Visa SIgnature offers a great option with a moderate qualifying spend (S$600 per month) and no annual fee.

CIMB Visa Signature v. OCBC 365 Card

Consider this if you want a no-fee cashback card for food purchases, utilities and online travel bookings

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

OCBC 365 Card is an excellent option for consumers with frequent spend across a more diverse set of areas like food, utilities, and online travel bookings. Its 2-year annual fee waiver (subsequently waived with a minimum annual spend of only S$10,000) makes OCBC 365 a great way for the average spender to earn daily cashback with little-to-no maintenance. Unlike other cards, OCBC 365 rewards recurring monthly bills with a relatively high rebate of 3%, and offers cashback for online ordering and delivery for dining and groceries, at 6% and 3% respectively. In order to unlock these rates, however, consumers need to spend at least S$800 per month, which may be difficult for lower spenders. CIMB Visa Signature is a great alternative with high cashback on food and online shopping with no annual fee and a more moderate minimum qualifying spend (S$600 per month).

CIMB Visa Signature v. CIMB Platinum MasterCard

CIMB Platinum Mastercard
CIMB Platinum Mastercard

Consider this if you prefer a no-fee card and spend primarily on travel, health and wellness, and transport and petrol

Annual Income Requirement S$30,000
Foreigner Income Requirement S$48,000

CIMB Platinum MasterCard is a great no-fee cashback card for consumers who prioritize spending on travel, health and wellness, and transport and petrol. This card is near-identical to the CIMB Visa Signature Card, but rewards different spend categories and therefore attracts a different type of consumer. CIMB Platinum cardholders receive 10% cashback on travel; health, beauty, and wellness purchases; and transport and petrol expenses. Those who can afford to spend on trips and vacations and frequently indulge in spa treatments are a match for this card. Consumers who spend more on dining, groceries and online shopping would benefit more from CIMB Visa Signature.

Comments and Questions

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