June 24, 2016
Are you looking to get a credit card that gives you the most value when you spend? Check out our guide to the best CIMB credit cards below. Whether you spend most on petrol, groceries or even on online shopping – we’ve listed down the top 5 best CIMB credit cards that can help you save money!
For avid online shoppers:
If you’re a fan of online shopping, you may want to consider a card that gives cashback for your spending, such as the CIMB Cash Rebate Platinum Mastercard You can earn 5% cash rebate when you shop online with this card. But do take note that although it says you will get 5% cash rebate for your online spending, the maximum cash rebate is RM30 per month. This means to get the maximum cash back of RM30 per month, or RM360 annually you need to spend RM600 on your online shopping.
You can also get additional cashback as per stated below:
|Category||Cash Rebate||Monthly Capping|
|Utility Bill Payments via standing instruction||2%|
|Mobile Bill Payment via standing instruction||2%|
|Other retail spend||0.2%||No maximum capping|
Credit card for groceries:
CIMB Tesco MasterCard
This is an ideal card to bring with you when you go grocery shopping so you can save more and earn more rewards! However it should be noted that in order to reap the benefits of this card you need to carry out your grocery shopping at Tesco. But with the savings you can make, we think it is worth it! You get a free Tesco Clubcard and aside from that, you will also get extra Tesco Clubcard points when you pay with the CIMB Tesco MasterCard. The Tesco Clubcard points can then can redeemed for vouchers which you can use in store at Tesco!
But there’s a catch, the cash rebate you can earn from your purchases made at Tesco will be capped at RM50 a month, which means it amounts to RM600 per annum. Refer to the table below to get a clearer understanding:
|Spend Category||Loyalty Type||Statement Balance||Cash Rebate||Capping|
|RM3,000 and above||5%||
|RM2,999.99 and below||2%|
You will then earn cash rebate for your purchases made at Tesco, but do take note that the amount of cash rebate will be determined by your statement balance. Although the downside may be the cash rebate cap of RM50 per month, all is not lost as there is no maximum amount of Tesco Clubcard points you can earn when you use the CIMB Tesco Platinum Mastercard!
For those who frequently travel overseas:
If you prefer the finer things in life, this is a card that will complement your lifestyle. Aside from that, the CIMB Visa Signature card is also an ideal card for those who frequently travels overseas as it allows access to complimentary airport lounge along with the CIMB premier travel desk to assist your travel needs. But the lounge access is limited to only twice a year, and the subsequent 2 complimentary access will only be renewed if your total spending is RM100,000 or more per annum.
It’s not just special perks with this card, you will also be rewarded with Bonus Points for both your local and overseas transactions.
These Bonus Points can then be used to redeem vouchers, assorted range of products and even Air Miles!
Aside from the travel perks and rewards, you will also get additional privileges when you shop and dine at participating retailers. But of course all these perks do come with quite a hefty requirement as stated below:
This Islamic credit card gives you the convenience of having a Shariah compliant card along with additional rebates and discounts at participating merchants. But the best value offered by this card is the cash rebate as per below:
|Card Value Proposition||Cash Rebate||Rebate Capping|
|Statement balance RM3,000 and above||7% for transactions charged at Petronas||
RM50 per month
|Statement balance RM3,000 and below||3% for transactions charged at Petronas|
|Other retail transactions||0.2%||Unlimited|
Additionally, all of the CIMB credit cards have the value added service of Touch N Go Zing card which will be linked to your CIMB credit card. This will provide you with the convenience of auto-reload option so you can travel at ease without having to worry about running low on balance. Another plus point is the fact that all of the cards mentioned above have no annual fees as well as no required minimum swipes that other cards impose.