Best CIMB Credit Cards 2018

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.

CIMB Visa Signature Card: Highest Cashback on Dining & Online Foreign Currency Transaction

CIMB Visa Signature

Consider this if you want a specialised dining credit card without an annual fee

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

CIMB Visa Signature Card is a free card that can help you reduce your dining bills by 10%. With no annual fee or monthly minimum spend, this card could be an excellent card to use as a complement to other credit cards it costs nothing to maintain. It's important to note that CIMB Visa Signature Card's 10% rebate on dining and online foreign currency transaction is the highest in Singapore. It could also be used as a travel card since its comes with a complimentary travel insurance and a low foreign transaction fee of only 1% compared to 2.5-3.5% offered by other banks.

The only caveat to this card is that its 10% rebate on dining is capped at S$60 a month and requires a monthly spend of S$500 and 8 monthly transactions worth S$30 each. However, this should not be a major problem for most people who go out for dinners and drinks once or twice a week.

Highlights

  • No annual fee
  • Up to 10% cashback on dining & online foreign currency transactions
  • Unlimited 0.2% rebate on other things

CIMB Platinum MasterCard Credit Card: Highest Rebate on Health & Beauty

CIMB Platinum Mastercard

Consider this if you want a specialised rebate credit card for health, beauty and travel

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

CIMB Platinum Mastercard Credit Card is another no-fee credit card from CIMB that provides up to 10% rebate on travel, health, beauty and wellness, which is the highest we've seen for this category of spending. Since this card does not have fee or monthly minimum spend, it's a great card to use as a complement to earn rebates on health & beauty expenses while using other rewards credit cards for more general purposes.

Highlights

  • No annual fee
  • Up to 10% cashback on travel booking, health, beauty & wellness
  • Unlimited 0.2% cash rebate on other things

CIMB Visa Infinite Card: No-Fee Cashback Card for Travel

CIMB Visa Infinite Card

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

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000

CIMB Visa Infinite Card is a great no-fee cashback card for travellers. While it rewards 1% cashback on all local expenses, this card's rebate is boosted to 2% for travel, overseas and online foreign currency expenditures. To further increase this card's value as a travel credit card, CIMB provides other benefits like low foreign currency transaction fee of 1% (vs 2.5-3.5% from other banks), complimentary lounge access and travel insurance.

Highlights

  • No annual fee
  • Spend S$2,000 in a month to enjoy 2% rebate on travel, overseas and foreign currency transactions
  • 1% rebate on all other retail spends
  • Complimentary 3 lounge visits per year

CIMB World MasterCard Credit Card: No-Fee Credit Card for Golfers

CIMB World Mastercard

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

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000

CIMB World MasterCard Credit Card is a great no-fee credit card for avid golfers. CIMB World MasterCard offers 1% cashback on all local and overseas spend. On top of this, they also provide complimentary green fees at 40 golf courses around SE Asia. Best of all, you can enjoy all of these benefits without paying a dollar of annual fee.

Highlights

  • No annual fee
  • Unlimited 1% rebate in Singapore and overseas
  • Complimentary travel insurance
  • Complimentary green fees at 40 golf clubs in SE Asia
  • 1% foreign exchange transaction fee
  • Read Our Full Review

Compare the Best CIMB Credit Cards

In case you want a quick look at our picks, here are ValuePenguin's best CIMB credit cards.

Best CIMB CardsSummaryAnnual Fee
CIMB Visa Signature10% cash rebate on diningS$0.0
CIMB Platinum Mastercard10% rebate on travel, health and beautyS$0.0
CIMB Visa Infinite Card1% cashback in SG, 2% overseas & foreign currency transactionS$0.0
CIMB World Mastercard1% cashback, compimentary golf green feesS$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 Signature vs Citi Cashback Card

While CIMB Visa Signature emphasizes rewards on dining, Citi Cashback card emphasizes both dining and groceries so you can save money on all of your meals regardless of where you eat. While the annual fee of S$192.6 is on the higher end for cashback cards, Citi Cashback Card offers market-leading rate of 8% cashback on the aforementioned two expenditure areas. Not only that, to offset the high annual fee, Citi waives the 1st year’s annual fee and provides a S$120 of cash rebate over 6 months as long as you spend S$200 or more on the card every month. These benefits reduces the annual fee to only S$70 over a 2 year period.

CIMB Visa signature vs UOB Delight

UOB Delight Card

If grocery is much more important to you than dining out, UOB Delight might be the better option to earn cashback. UOB Delight provides 8% rebate at various retailers like Cold Storage, Giant and Guardian, matching Citi Cashback though with some limitations on locations. Where UOB Delight really outshines its peers is the additional 10% discount on house brands at the aforementioned supermarkets. UOB Delight also comes with other rebates like 3% off monthly telco bills and contactless transactions like public bus rides. Hence, UOB Delight is the best grocery rewards cards in the market that can also help you save on the transportation back and forth from supermarkets.

*ValuePenguin 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 ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

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