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CIMB Platinum Mastercard Review

Earn 10% cashback across five spending categories with this no annual fee card.

Important note. In May 2021, CIMB Platinum Mastercard ceased issuance of new CIMB Platinum Mastercard Credit Cards. Existing cardholders will continue to enjoy the programme’s benefits.

Just like any other cashback credit card, the CIMB Platinum Mastercard offers unlimited base tier cashback at 0.2% on all transactions. If you charge at least S$800 on the card during the statement month, you’ll be eligible for 10% rebates on five bonus categories: wine and dine, health and medical, transport and petrol, electronics and furnishing and travel expenses only made in foreign currency. Both principal and supplementary cards are also free for life.

Compare the features and fees of the card to determine if it is right for you.

Finder does not currently have access to this credit card provider. Please review the product details, application criteria and terms and conditions on the provider website if you are considering applying for this product.

Benefits of using the CIMB Platinum Mastercard

Here are some of the features you can expect with the CIMB Platinum Mastercard.

  • 10% cashback over five spending categories. Earn 10% cashback when you spend in wine and dine, health and medical, transport and petrol, electronics and furnishing, and travel expenses (for airlines, hotels, travel agencies, and railways) in foreign currency. However, the total cashback you can earn is capped at S$100 per statement month and up to S$20 per category. Also, you’ll need to spend at least S$800 in the same statement month to qualify for the 10% cashback.
  • Transit ready with SimplyGo. The CIMB Platinum Mastercard can be used for fare payment via card, mobile or wearable payment (Apple Pay, Fitbit Pay, Google Pay and Samsung Pay), so you can just tap and go for public bus and train rides without the hassle of carrying extra transit cards.
  • Unlimited 0.2% cashback in all spend. Earn 0.2% cashback on all other eligible spend, at no minimum spend or monthly cap.
  • No annual fee. Both principal and supplementary cards are free for life.

Features of the CIMB Platinum Mastercard

The card also comes with competitive features such as:

  • e-Commerce protection. Under the e-Commerce Purchase Protection Insurance by Mastercard, all online purchases you’ve made on your CIMB Platinum Mastercard are protected against non-delivery and defects if the seller fails to reimburse you, up to US$200 p.a.
  • Apply for up to 4 supplementary cards. Extend the card benefits to your loved ones with up to 4 free supplementary cards.
  • CIMB 0% i.Pay Plan. Ease the burden of your purchases by opting for 6, 12 or 24 months interest-free instalment plans. Note that a one-time processing fee of 3% of transaction amount applies for 6- or 12-month tenures and 5% of the transaction amount applies for 24-month tenure.
  • CIMB cardholder perks. Frequent travellers to Malaysia and Indonesia can benefit from CIMB’s exclusive network of over 1,000 partners across dining, retail and lifestyle.

How to apply for the CIMB Platinum Mastercard

If you’ve compared your options and decide to apply for the CIMB Platinum Mastercard, you can do so via MyInfo if you’re a SingPass holder. This fast, simple and secure application process will help retrieve and pre-fill your personal details and income information. Alternatively, you can also manually complete an online application which will only take approximately 10 minutes.

Before applying, make sure you meet the eligibility requirements and have the necessary information on hand:

Eligibility criteria

  • Earn at least S$30,000 p.a. if you’re a Singaporean or permanent resident; or $15,000 p.a if you’re aged 55 and above
  • Fixed deposit collateral of at least S$10,000 if you don’t meet the income requirements
  • Have a good credit rating
  • Be at least 21 years of age

Required documents

Frequently asked questions

A credit card with no annual fees and offers 10% cashback across five bonus spending categories does sound like an irresistible deal. Before applying, make sure to compare your options and ask yourself if you’re able to maximise your rewards from this card with your spending habits. If you’re not likely to meet the minimum spend, or rarely transact in the categories with elevated earn, the is little point in applying for it.

Compare other credit cards in Singapore

Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
HSBC Revolution Credit Card
Earn up to 10X Reward points or 4 miles per S$1 spent on qualifying purchases.
Receive up to S$200 cashback. T&Cs apply. Ends 31 Oct 2021.
S$0 annual fee
S$30,000
New cardholders will be awarded with up to S$200 cashback, S$50 cashback for one qualifying transaction and S$120 cashback upon S$500 minimum spend. Receive an additional S$30 cashback when you apply online with MyInfo via SingPass. Existing HSBC credit cardholders are eligible to receive S$60 cashback. T&Cs apply. Ends 31 Oct 2021.
POSB Everyday Card
Enjoy up to 8% cash rebates on daily essentials such as groceries and online food delivery
Get S$200 cashback with promo code ‘200CASH' when you apply online. T&Cs apply
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get S$200 cashback with promo code ‘200CASH' when you apply online via digibank or Myinfo with Singpass and charge a minimum of S$800 within 60 days from card approval date. T&Cs apply. Valid until 30 Sep 2021.
UOB PRVI Miles American Express Card
Earn 1.4 miles for every S$1 spent locally and 2.4 miles for every S$1 spent overseas.
Get up to S$300 cash credit when you apply. T&Cs apply.
S$0 annual fee for the first 1 year and S$256.80 thereafter
S$30,000
Enjoy up to 20,000 bonus miles if you charge S$50,000 to your card in a year. Apply today and enjoy free transfers to Changi Airport.
HSBC Visa Platinum Credit Card
Earn 1 Reward point for every $1 on all spend.
Up to 5% cash rebates on groceries, dining and fuel with minimum monthly spend of at least S$600.
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
New cardholders will be awarded with up to S$200 cashback, S$50 cashback for one qualifying transaction and S$120 cashback upon S$500 minimum spend. Receive an additional S$30 cashback when you apply online with MyInfo via SingPass. Existing HSBC credit cardholders are eligible to receive S$60 cashback. T&Cs apply. Ends 31 Oct 2021.
KrisFlyer UOB Credit Card
Earn 3 KrisFlyer miles per S$1 when you spend with Singapore Airlines, Scoot and KrisShop and 1.2 KrisFlyer miles per S$1 on all other spend.
Receive up to 3,000 miles and up to S$300 cash credit when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Receive up to 3,000 miles and up to S$300 cash credit when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date. T&C apply. Ends 30 Sep 2021.
UOB EVOL Card
Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel.
Up to 8% cashback on online and mobile contactless spend.
S$192.60 annual fee
S$30,000
Receive up to S$300 cash credit when you apply for a new UOB EVOL Credit Card and spend a minimum of S$1,500 within 30 days from card approval date. First 100 successful applicants. T&Cs apply. Ends 30 Sep 2021.
UOB Lady's Card
Earn 10X UNI$ (or 20 miles) per S$5 spent on a chosen spending category with no min. spend required, and 1X UNI$ (or 2 miles) on other purchases.
Receive up to S$300 cash credit when you apply for a new credit card. T&C apply.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Receive up to S$300 cash credit (for first 100 successful UOB personal credit card applications) when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date. T&C apply. Ends 30 Sep 2021.
HSBC Advance Credit Card
Receive up to S$200 cashback when minimum spend requirements are met.
Enjoy up to 3.5% cashback on all purchases with no minimum spend
S$0 annual fee for the first 1 year (permanently waived for HSBC Advance banking customers) and S$192.60 thereafter
S$30,000
New cardholders will be awarded with up to S$200 cashback. S$50 cashback for one qualifying transaction and S$120 cashback upon S$500 minimum spend. Receive an additional S$30 cashback when you apply online with MyInfo via SingPass. Existing HSBC credit cardholders are eligible to receive S$60 cashback. T&Cs apply. Ends 31 Oct 2021.
UOB One Credit Card
Receive up to S$300 cash credit when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date.
Up to 10% cashback with some merchants including Grab,7-Eleven and Cold Storage; 6% for Singapore Power Utilities bills; and 5% back on all other retail spending.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Receive up to S$300 cash credit (for first 100 successful UOB personal credit card applications) when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date. T&Cs apply. Ends 30 Sep 2021.
American Express Singapore Airlines KrisFlyer Ascend Credit Card
Earn 1.2 KrisFlyer miles per S$1 spent on local purchases, with no cap.
N/A
S$337.05 annual fee
S$50,000
Get a complimentary stay at Sofitel Singapore Sentosa Resort & Spa, Luxury Room (worth up to S$460++) when you spend S$5,000 within the first three months and an additional 10,000 KrisFlyer miles if you are new to American Express. T&Cs apply. Ends 30 Sep 2021.
UOB PRVI Miles Visa Card
6 air miles for every S$1 spent through Expedia, Agoda and UOB Travel
Receive up to S$300 cash credit when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date.
S$0 annual fee for the first 1 year and S$256.80 thereafter
S$30,000
Receive up to S$300 cash credit (for first 100 successful UOB customers applications) when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date. T&C apply. Ends 30 Sep 2021.
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