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CIMB Visa Signature Credit Card Review

Enjoy 10% cashback on everyday purchases with the CIMB Visa Signature credit card.

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The CIMB Visa Signature may be best known for offering 10% cashback, but there’s a lot more to this popular card than its headline offer. One major perk is a range of travel benefits for those who often find themselves on the move. Let’s take a look at the full range of features, rates and fees in more detail below.

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Benefits of using the CIMB Visa Signature Credit Card

The CIMB Visa Signature Credit Card offers both cost-saving features and rewards. Some of the main benefits of this card are:

  • 10% cashback across multiple categories. Earn money back on your groceries, beauty and wellness products, pet shopping, vet services and cruises. This attractive cashback rate also covers all of your online shopping. To be eligible for the 10% cashback (base 0.2% cashback plus 9.8% additional cashback), cardholders need to spend at least S$800 per month.
  • Unlimited 0.2% cashback. Get money back on all other retail spending, with no minimum spend or monthly cap.
  • Interest-free repayments. By converting your travel and other big expenses to the CIMB 0% i.Pay Plan, you can get interest-free repayments over a period of up to 24 months.
  • Complimentary travel insurance. You can get up to S$500,000 of travel accident cover if you charge your full travel fares to your CIMB Visa Signature card. You can also get protection for lost baggage and flight delays.
  • Concierge services. This card offers useful advice on travel planning as well as gift ideas for loved ones. These and other benefits can be most easily accessed via the VisaConcierge app.

Features of the CIMB Visa Signature Credit Card

  • No annual fee. This card is free-for-life and the benefit also applies for up to four supplementary cards for members of your family.
  • Tap-and-ride on local transport. Avoid the hassle of carrying separate transit cards – and having to top them up – on bus and train rides.
  • Cash withdrawals. After requesting a PIN, you can withdraw cash from ATMs at CIMB Bank Branches in Singapore, or at any ATMs that take Mastercard or Visa abroad. Just make sure you’re fully aware of the interest rates and fees when you take out cash with this card.

How to apply for the CIMB Visa Signature Credit Card

To begin your application for this card, simply head to CIMB Visa Signature’s website and click ‘apply now’. Before applying, you should make sure that you meet the eligibility criteria and have the correct documents close to hand.

Eligibility criteria

  • Be at least 21 years old or older.
  • Have an annual income of at least S$30,000 for Singaporeans and PRs, or S$15,000 for those aged 55 years and above.
  • If you do not meet the minimum income requirement, you can still apply for the card as long as you have a minimum of S$10,000 fixed deposit.

Required documents

The documents that you may be asked for to complete your application include:

  • A photocopy of your NRIC or passport.
  • For salaried employees: eCPF statement contribution, computerised payslips for the last 12 months or Latest Income Tax Notice of Assessment and CPF Contribution History Statement (for the past 12 months).
  • For self-employed: Last 2 years’ income tax notice of assessment and bank statement (for the past 3 months).
  • For commissioned or variable income earner: Last 2 years’ income tax notice of assessment or CPF statement (for the past 12 months).
  • Phone or utility bill for proof of address.

If you’re after a credit card deal that rewards you as you spend on both everyday items and bigger travel purchases, then signing up for the CIMB Visa Signature Credit Card could be a good option for you. Just be sure to compare it to a range of other reward cards so that you can find the right credit card for you.

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.
Choose between a S$150 cashback or Samsonite suitcase if minimum spend requirements are met. T&Cs apply. Ends 31 Dec 2020.
S$0 annual fee
S$30,000
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp luggage worth S$670 or S$150 cashback. Existing cardholders will get S$30 cashback. Minimum spend of S$800 within the qualifying spend period is required. T&Cs apply. Ends 31 Dec 2020.
UOB PRVI Miles American Express Card
Earn 1.4 miles for every S$1 spent locally with no minimum spend or cap.
Get S$150 cash credit if you spend a minimum of S$1,500 within 30 days. First 200 new customers only.
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 can receive a Samsonite Prestige 69cm Spinner Exp suitcase (worth S$670) or S$150 cashback, if a minimum of S$800 is spent using the card in the qualifying spend period. Receive an additional S$30 worth of Lazada vouchers when you apply online with MyInfo via SingPass.T&Cs apply. Ends 31 Dec 2020.
KrisFlyer UOB Credit Card
Earn 3 KrisFlyer miles per S$1 when you spend with Singapore Airlines, Scoot, SilkAir or KrisShop and 1.2 KrisFlyer miles per S$1 on all other spend.
Get S$150 cash credit if you spend S$1,500 or more within 30 days. First 200 new customers only.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
New cardholders can receive 7,000 KrisFlyer miles when applying and spending a minimum of S$1,500 within 30 days card approval. Ends 31 October 2020. An additional 3,000 KrisFlyer miles for new cardholders upon spending a minimum of S$5. Existing UOB cardmembers get 3,000 KrisFlyer miles after the first transaction of S$5 minimum. T&Cs apply.
UOB Yolo Card
Enjoy a wide variety of discounts and cashback rebates on dining, entertainment, online shopping and travel.
Up to 8% cashback on some weekend dining, travel, and entertainment and 3% cashback on online fashion, weekday dining, travel and more.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and get S$150 in bonus cash credits. T&Cs apply.
UOB Lady's Card
Earn 10X UNI$ (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.
New customers can get S$150 in bonus cash credits. T&Cs apply.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Apply today and get S$150 in bonus cash credits. T&Cs apply.Ends 31 October 2020.
HSBC Advance Credit Card
Choose between a sign-up gift of a Samsonite Prestige 69cm Spinner Exp luggage or S$150 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 can choose between a Samsonite Prestige 69cm Spinner Exp luggage worth S$670 or S$150 cashback if minimum spend of S$800 within the qualifying spend period is made. Receive an additional S$30 worth of Lazada vouchers when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Dec 2020.
UOB One Credit Card
Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 200 eligible applicants only.
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
Apply today and get up to S$150 in bonus cash credits. T&Cs apply. Ends 31 Oct 2020.
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 free Bang & Olufsen Beoplay E8 2.0 earphones valued at S$399 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 Nov 2020
UOB PRVI Miles Visa Card
6 air miles for every S$1 spent through Expedia, Agoda and UOB Travel
Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 200 eligible applicants only.
S$0 annual fee for the first 1 year and S$256.80 thereafter
S$30,000
Apply today and enjoy up to S$150 in cash credits. Plus, free travel cover.
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