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CIMB Visa Signature Card: Best Rewards Card for Dining

No-Fee Cashback on Online Shopping, Groceries and Beauty
Use our link to get the latest promotion from CIMB!

CIMB Visa Signature Card: Best Rewards Card for Dining

No-Fee Cashback on Online Shopping, Groceries and Beauty

4.7/5.0

ValueChampion Rating ValueChampion Icon

Rewards
Perks
Fees

Pros

  • Rewards online shopping, groceries and beauty spend
  • Rewards pet spend and cruises
  • No annual fee credit card

Cons

  • Lacks discounts on transport & petrol
  • Speciliazed spend
  • Doesn't fit frequent travellers
Use our link to get the latest promotion from CIMB!

If you're looking to earn cashback on online shopping, beauty and petcare–without paying an annual fee–CIMB Visa Signature Card is definitely worth considering. These categories, as well as spend on cruise lines and groceries, earn 10% cashback, up to S$100/month. Given its unique rewards structure, CIMB Visa Signature Card is an excellent match for those who tend to cook for themselves, but who also have high budgets for discretionary spending. If you tend to spend at least S$200/month in each of these categories, you can earn up to S$1,200/year–all without paying an annual fee.

CIMB Visa Signature Card Features and Benefits

  • Annual Fee: None, Perpetual waiver
  • Income Requirement: S$30,000 for citizens & PRs, N/A for foreigners
Key Features:
  • Annual fee: free for life
  • 10% cashback on groceries, online shopping, beauty, petcare & cruises
  • Unlimited 0.2% cashback on all other spend
  • Free travel insurance & global concierge
  • CIMB 0% Interest i.Pay Instalment Plan
Promotions:
  • Click on our link to get the latest promotion from CIMB!
Promotions:
  • Click on our link to get the latest promotion from CIMB!

What Makes CIMB Visa Signature Stand Out

CIMB Visa Signature Card is a great no-fee cashback card for consumers who buy groceries, but who also have high discretionary spend. After just an S$800 minimum spend, cardholders receive 10% cashback on categories ranging from online retail shopping, beauty spend, and pet shops & services to transactions with cruise lines and at grocery stores. Even more, this is one of the only cards on the market with high cashback rates for so many types of elective spend.

Nonetheless, there are a few drawbacks to CIMB Visa Signature Card. To begin with, the card's categories are quite specific. If you don't have a pet, rarely shop for clothing online, or aren't keen on visits to spas or the hairdresser, you may not benefit from this card. Furthermore, category earnings are individually capped at S$20/month, which can be maxed out with S$200 spend. It's fairly unlikely that a consumer will spend this much across all 5 categories every month, making the S$100/month total cap a bit unachievable.

CategoryEligible TransactionsRebate RateCategory CapTotal Cap
Beauty & WellnessPersonal care facilities, pharmacies, cosmetic stores, hairdressers, massage parlours, spas10%S$20S$100/mo
GroceryOnline & offline spend at supermarkets10%S$20
Online ShoppingWebsites that sell clothes, accessories, shoes, bags, electronics10%S$20
Petcaretransactions at pet shops or for vet services10%S$20
CruisesTransactions with cruise lines10%S$20
Transactions are eligible both locally and overseas, unless otherwise stipulated

Even so, CIMB Visa Signature Card has its merits. There's no annual fee, unlike some competitors, which also makes the card low-risk and maintenance-free. Even if you only spend on these categories periodically, you can still benefit from the remarkably high cashback rates when you do make such a purchase. In addition, CIMB Visa Signature Card's rebate on groceries is both one of the highest on the market, and quite functional. As a result, CIMB Visa Signature Card may be more beneficial than first thought. And, given there's no fee, you may also consider pairing it with an 'everyday' card.

How Does CIMB Visa Signature Rebate Program Work?

Use our quick and easy-to-read guide below to learn how 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

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 Rewards Card

Use our link to get the latest promotion from SingSaver & Citi!
Consider this if you want to maximise miles rewards on shopping expenses
  • Pros
    • Great for online & offline shopping
    • Beneficial for frequent travellers
    • Cons
      • Higher card fees
      • Limited rewards categories

      Citi Rewards Card is one of the best cards on the market for shoppers–online, offline, locally and overseas. Cardholders earn 10 pts (4 miles) per S$1 spend on fashion retail and on nearly all online spend, with no minimum spend requirement. However, general spend earns just 1 pt (0.4 miles) per S$1. People with broader discretionary spend and who prefer cashback may benefit more from CIMB Visa Signature Card.

      CIMB Visa Signature v. CIMB Platinum MasterCard

      Use our link to get the latest promotion from CIMB!
      CIMB Platinum Mastercard
      CIMB Platinum Mastercard
      Consider this if you prefer a no-fee card and spend on travel, dining, transport and medical
      • Pros
        • Awards cashback for global transport
        • Cashback for medical expenses and travel spend in foreign currency
        • No annual fee credit card
        • Cons
          • Doesn't award cashback on everyday essentials
          • No cashback on online spend

          CIMB Platinum MasterCard is a great no-fee cashback card for consumers with high spend on overseas travel, transport, dining and medical. This card has a similar structure to CIMB Visa Signature Card, but rewards different spend categories and therefore attracts a different type of consumer. CIMB Platinum cardholders receive 10% cashback on overseas travel, dining, transport, and medical expenses, plus spend with select local electronics and furnishings vendors. Consumers who rarely travel or who prioritise discretionary spend may prefer CIMB Visa Signature Card.

          Zoryana Melesh

          Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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