CIMB Visa Infinite
CIMB Visa Infinite
- S$500
- Minimum Amount
- 3% to 5%
- Processing Fee
- 6 to 24 Months
- Tenure
PLUS receive S$30* eCapitaVoucher(s). T&Cs apply.
Are you eligible?
- Promotion is open to applicants who do not hold any principal CIMB Credit Cards at the time of his/her application
- Apply for an eligible CIMB Credit Card during the promotion period
- A one-time registration is required to participate in the eCapitaVoucher promotion. T&Cs apply.
What you need to know
- Get S$188 Cashback when you spend a min. of S$988 within 60 days from card approval date
- OR get $88 Cashback when spend a min. of S$108 within the first 30 days from card approval date
- Get S$8 worth of eCapitaVoucher(s) when you make 5 to 9 Qualifying Transactions* during the Promotion Period
- Get S$30 worth of eCapitaVoucher(s) when you make 10 or more Qualifying Transactions* during the Promotion Period
All Details
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CIMB Visa Infinite Card Benefits 2024
Pros & Cons
Pros
- Up to 2% cashback on spending in selected categories including travel, overseas spend, and online purchases in foreign currencies
- Access to over 1,000 CIMB Deals & Discounts across dining, retail, and lifestyle outlets in Singapore, Malaysia, and Indonesia
- 3 complimentary global lounge access at over 1,000 airports lounges annually for Principal Cardmembers
- Up to 25% discount at selected dining outlets in airports worldwide
- Up to 5% discount for bookings of Airport Limousine transfer (available in 300 cities around the world)
- Up to 5% discount on Meet & Greet services (available at 120 airports worldwide)
- Complimentary travel insurance coverage
Cons
- Interest rate of 27.80%, which is higher than other cashback credit cards (as per MoneySmart’s Credit Cards comparison tool)
- A minimum spend of $2,000 is required to qualify for the 2% cashback on spending in selected categories
Compare CIMB Visa Infinite vs. HSBC Visa Platinum Card vs. Citi Cash Back + Card
The CIMB Visa Infinite Card is among the best cards out there that are good for cashback perks. Others like the HSBC Visa Platinum Card and Citi Cash Back+ Card which are some of the many cashback credit card options you would have come across on MoneySmart’s online credit card comparison wizard. Let’s compare these 3 credit cards and have a closer look at their requirements and benefits.
The key factors which we’ll be focusing on are interest rates, annual fees, minimum annual income requirements and cashback benefits.
Among the 3 credit cards, the CIMB Visa Infinite Card lets you save the most on annual fees as it doesn’t charge any unlike most credit cards, but the HSBC Visa Platinum Card gives you the highest percentage of cashback on your spending on selected categories like local dining and groceries (food deliveries and online groceries included) - a generous 5% that is higher than the 1.6% and 2% you can get from Citi Cash Back + card and CIMB Visa Infinite Card respectively.
In terms of interest rates, the HSBC Visa Platinum Card also offers you the lowest option of 26.90% (subject to the bank’s assessment of your credit profile). However, it charges a hefty annual fee of $662.15, which is the highest among the 3 cards.
Interest rate: From 27.80%
Annual fee:None
Minimum annual income:
Cash back benefits:
Interest rate: From 26.90%
Annual fee:$662.15 (no waiver available)
Minimum annual income:
Cash back benefits:
Interest rate: From 27.90%
Annual fee:$196.20 (first year waiver available)
Minimum annual income:
Cash back benefits:
Find Out Why Cashback Is Still King In Our Blog Article!
Credit Card With Complimentary Travel Insurance Coverage
Many credit cards offer complimentary travel insurance, providing a safety net for your journeys. While benefits can vary widely between card issuers like Citi, AMEX, UOB, DCS, DBS Altitude, and CIMB, common coverages include:
- Purchase protection: Coverage for items purchased with your card and in the form of e-commerce coverage.
- Medical emergencies: Coverage for medical expenses incurred while travelling.
- Trip disruptions: Assistance with costs if your trip is cancelled or interrupted.
- Travel delays: Compensation for unexpected delays during your journey.
- Lost or Delayed luggage: Reimbursement for essential items if your baggage goes missing.
- Rental car coverage: Protection against damages or theft to your rental vehicle.
- Accidental coverage: Protection against unforeseen accidents during your trip.
Discover More About Credit Cards With Complimentary Travel Insurance
CIMB Visa Infinite Card Application
Here are 3 simple steps to apply for the CIMB Visa Infinite Card
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our CIMB Visa Infinite Card application link. When you choose to apply online via SingPass MyInfo, CIMB will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Provide all documentation required
You’ll need to provide all the necessary documentation in order for CIMB to approve your credit card application. This list of documents include:
- NRIC or other identification details
- Latest computerised payslip
- Latest 12 months’ CPF Contribution History Statement
- Latest Income Tax Notice of Assessment (NOA)
Receive your CIMB Visa Infinite Card
You’ll be able to activate your CIMB Visa Infinite Card through CIMB’s online platform, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your cashback rewards and credit card statements with your CIMB Clicks mobile app!
Frequently Asked Questions
Are there any fees if I apply for the CIMB Visa Infinite Card?
- CIMB Visa Infinite Card does not charge any initial annual fees, but it does charge other fees like supplementary card annual fee, late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.
Am I eligible for the CIMB Visa Infinite Card?
- If you’re a Singapore Citizen or Permanent Resident (PR), you’re eligible to apply for the CIMB Visa Infinite Card, as long as you’re aged between 21 and 70, and earn a minimum annual income of $120,000 (for Singaporeans and PRs).