CIMB Visa Signature Card: Best Rewards Card for Dining

CIMB Visa Signature
CIMB Visa Signature

CIMB Visa Signature Card: Best Rewards Card for Dining

No-Fee Cashback for Groceries, Beauty & Online Shopping

Good for

  • People who often go grocery shopping
  • Consumers who frequently shop online & for beauty
  • People who want a no-annual fee credit card

Bad for

  • People looking for discounts on transport & petrol
  • Families with a broad range of daily spend
  • Frequent travellers looking for miles & perks

Editor's Rating

4.0/5.0

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.

ProsCons
  • No annual fee for life
  • 10% cashback on online retail shopping
  • 10% cashback on beauty & wellness
  • 10% cashback on pet shops & vet services
  • 10% cashback on groceries, both online and offline
  • 10% cashback on transactions with cruise lines
  • CIMB 0% i.Pay Plan (continued cashback, flexible payment schedules, interest free payments)
  • Complimentary travel insurance and concierge service
  • Rewards categories mostly limited to discretionary spend
  • Relatively low base rate of 0.2% for all other spend
  • No card-associated discounts on petrol

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

CIMB Visa Signature Card's Features and Benefits:

CIMB Visa Signature
CIMB Visa Signature
Details & Benefits
Annual FeeS$0.0, Perpetual waiver
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
Card Details
  • No annual fee for life
  • 10% cashback on online retail shopping
  • 10% cashback on beauty & wellness
  • 10% cashback on pet shops & vet services
  • 10% cashback on groceries, both online and offline
  • 10% cashback on transactions with cruise lines
  • 0.2% cashback on all other spend, unlimited, no minimum spend
  • S$800 monthly spend requirement to qualify for 10% cashback rate
  • Each category eligible for 10% cashback rate is capped at S$20 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:
  • Receive free return flight from select destination w/ min. S$600 spend/mo for 3mo
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 Rewards Card

Consider this if you want to maximise miles rewards on shopping expenses

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

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. 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 also spend on luxuries like spa visits and cruises might prefer CIMB Visa Signature.

CIMB Visa Signature v. CIMB Platinum MasterCard

CIMB Platinum Mastercard
CIMB Platinum Mastercard

Consider this if you prefer a no-fee card and spend on travel, dining, transport and medical

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 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.

Comments and Questions

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