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Best CIMB Credit Card Promotions: CIMB Visa Signature vs CIMB World Mastercard vs CIMB Visa Infinite Comparison Review

Emma Lam

Emma Lam

Last updated 28 June, 2023

Confused about which CIMB credit card is the best for you? Fret not, we CIMB credit cards across one another to help you decide.

10% cashback on daily, pet, and cruise spend: CIMB Visa Signature Card
Unlimited 2% cashback with min. S$1,000 spend: CIMB World Mastercard Card
Unlimited 2% cashback with min. S$2,000 spend: CIMB Visa Infinite Card

When it comes to credit cards, having options is both a blessing and a challenge – and the CIMB credit cards are no different. On one hand, you get to choose from a variety of key benefits, propositions, and exclusive privileges. On the other hand, these differences can be perplexing and leave you in a dilemma over which card to pick. 

Trust us; been there, done that.

So when it comes to the CIMB credit cardsCIMB Visa Signature, CIMB World Mastercard, and CIMB Visa Infinite – we don’t blame you for being stuck deciding between the three. 

After all, they share similar mechanics with one another, with the primary similarity being cashback; The CIMB Visa Signature Card functions as a regular cashback card whereas the CIMB World Mastercard and CIMB Visa Infinite Card function as unlimited cashback cards.

Better yet, all of them have no annual fees and give (a few) free supplementary cards for life.

Like what you’re reading so far? Then keep on scrolling to discover more of what their strengths and main differences are to help you decide the best CIMB credit card in Singapore 2023 to suit your spending habits and needs.

Table of contents


Looking for the best credit cards to complement your spending patterns and expenditure in 2024? Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore – from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy.


Overview: Best CIMB credit cards in Singapore 2023

Credit card
Key benefits
Exclusive SingSaver promotion
CIMB Visa Signature Card
cimb-visa-signature-card
💵 10% bonus cashback:
  • Online shopping
  • Groceries
  • Beauty & wellness
  • Pet shops & veterinary services
  • Cruises
🪙 0.2% cashback on all other spend
 
Min. S$800 monthly spend
 
Bonus cashback capped at S$100 per month, S$20 per category
 
Up to S$500,000 complimentary travel insurance coverage
 
Visa Signature Concierge
 

CIMB_CC_BLOGARTICLE_800x250

SingSaver Exclusive Offer: Receive Apple AirPods Pro (worth $365.70) or +PLUS Chelsea Check-In 22" Luggage (worth S$449) or S$280 cash via PayNow upon activating and spending min. $988 for 60-day periods following card approval. Valid until 31 March 2024. T&Cs apply.

Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 31 March 2024. T&Cs apply.

CIMB World Mastercard Card
CIMB-WORLD-MASTERCARD_2019-LR-1024x674
💵 Unlimited 2% cashback (min. S$1,000 spend):
  • Dining & online food delivery
  • Movies & digital entertainment
  • Taxi & automobile
  • Luxury goods
Otherwise, unlimited 1% cashback on above categories
 
🪙 Unlimited 1% cashback on all other spend (min. S$500 spend)
 
No cashback cap
 
Exclusive golfing discounts and paid airport lounge access
 
CIMB Visa Infinite Card
CIMB-VISA-INFINITE_2019-LR-1024x674
💵 Unlimited 2% cashback:
  • Travel
  • Overseas
  • Online spend in foreign currency
🪙 Unlimited 1% cashback on all other spend
 
3 complimentary airport lounge visits per year for principal cardholders
 
Other exclusive travel privileges
 
Up to S$1 million complimentary travel insurance coverage
 
24/7 Visa Infinite Concierge Service
 
⭐ No annual fees for all CIMB principal and supplementary cards

Best for young adults, families, and pet owners: CIMB Visa Signature Card

cimb-visa-signature-card

Okay, we know that these demographic groups are oddly specific but, it is what it is. The CIMB Visa Signature Card is one of the best cashback cards in the game, offering 10% cashback on a unique range of categories comprising online shopping, groceries, beauty & wellness, pet shops & veterinary services, and cruises. See what we mean?

But don’t let the specificity of these spend categories throw you off. On the contrary, this cashback card doesn’t discriminate against local or overseas spend for valid merchants. All purchases spent on our shores or across the border are recognised as valid so long as they fall under an eligible category.

However, the only two caveats are:

  1. Your overseas spend is most likely subject to either a 3% foreign transaction fee or a 1% dynamic currency conversion fee.
  2. The Online Shopping category excludes online retail spend for other non-stated websites, movies, F&B, travel, and airline transactions alongside other commonly-excluded MCCs. 

As a result, the online retail spend acknowledged by the CIMB Visa Signature Card is rather niche and merchants must strictly adhere to the listed MCCs in the table above to qualify.

Simply satisfy the minimum S$800 spend per month and the 10% cashback will be all yours. This cashback is capped at S$100 per statement month, limited to S$20 per category. 

If you fail to meet the spend requirement or you exceed the cashback cap, you’ll be reverted back to the 0.2% base cashback rate. On the bright side, this base 0.2% rate is rewarded as unlimited cashback with no minimum spend or cashback cap whatsoever. 

Not to mention, CIMB Visa Signature cardholders are entitled to up to S$500,000 complimentary travel insurance coverage for you and your family when you charge your full travel fare to the card. The policy benefits include coverage for accidental death, permanent disability, baggage loss, baggage delay, flight delay, and trip cancellation. 

However, only the coverage for accidental death and permanent disability will be extended to family members. They will not be covered for the other mentioned travel inconveniences. So it might be in your best interest to purchase extra travel insurance to cover all bases.

📝 Read our full CIMB Visa Signature Card review here.

 


Best for a fun day/night out: CIMB World Mastercard Credit Card

CIMB-WORLD-MASTERCARD_2019-LR-1024x674

Love hitting the town and other cool spots in Singapore for a fun day/night out with friends and family? Then you’ll love the CIMB World Mastercard

Specialising in retail shopping, entertainment, and F&B, this unlimited cashback card caters to both everyday and luxury retail.

For a minimum spend of S$1,000 per month, earn 2% unlimited cashback on dining and online food delivery, movies and digital entertainment, taxi and automobiles, and lastly, luxury goods. For any monthly spend below that, you’ll earn a 1% unlimited cashback instead

Meanwhile, for a minimum spend of S$500 per month, you’ll earn a base 1% unlimited cashback on all other spend. If you fail to meet that spend requirement, you won’t qualify for any cashback on other spend, which is a bummer.

As far as unlimited cashback is concerned, this 2% rate is the highest offered by any unlimited cashback card on the market. To our knowledge, other cards within this tier will offer between 1.5% to 1.7% unlimited cashback at best.

However, the minimum S$500 / S$1,000 spend requirements are quite significant drawbacks because other unlimited cashback cards don’t mandate any minimum spend at all. 

Notwithstanding that, these high minimum spends come with good reason because CIMB World Mastercard cardholders are entitled to 50% off green fees at selected golf courses across Southeast Asia as well as paid access to over 1,000 LoungeKey airport lounges at only US$32 per pax per visit

So honestly, do the monthly spends seem that bad anymore? 👀

At the end of the day, it’s up to you to decide if the CIMB World Mastercard floats your boat. But in general, we’d recommend it mostly to those who often go out or have a slight penchant for luxury shopping.

📝 Read our full CIMB World Mastercard review here.

 


Best for luxurious travel perks: CIMB Visa Infinite Card

CIMB-VISA-INFINITE_2019-LR-1024x674

Always wanted a taste of the luxe life? Have a serious case of wanderlust? Well, if you ever thought of marrying the two together, you’ve got yourself the CIMB Visa Infinite Card – the ultimate cashback card for privileged travel.

Similar to the CIMB World Mastercard, it offers the highest rate of 2% unlimited cashback too; except, this card is specifically geared towards all 2% unlimited cashback on travel, overseas (both foreign and local currency), and online expenses (in foreign currency) with a minimum spend of S$2,000 per month.

All other spend will earn 1% unlimited cashback.

But wait, there’s more. 

Designed with the luxe globetrotter in mind, it also comes with snazzy travel perks like 3 complimentary airport lounge visits per year (for primary cardholders) and discounts off airport limo transfer, meet & greet services, and selected dining outlets in airports worldwide.

See also: Cheap and Free Ways to Get Into Changi Airport Lounges

Besides that, enjoy up to S$1 million complimentary travel insurance coverage for you and your family when you charge your full travel fare to the card.

Under this policy, you’ll be covered for accidental death and permanent disability, medical expenses, emergency medical evacuation and repatriation, baggage loss, baggage delay, flight delay, and trip cancellation, regardless of whether you’re a principal or supplementary cardholder or a spouse.

Unfortunately, the same can’t be said for your dependent child. Children are only insured for the medical components and trip cancellation portion of the plan. They will not be covered for the other aforementioned trip inconveniences.

This complimentary travel insurance also doesn’t come with COVID-19 protection. Thus to compensate for these gaps, you might want to buy other travel insurance plans for extra coverage.

Overall, if you’re an avid traveller, don’t mind the high minimum spend requirement, and prefer cashback over miles, the CIMB Visa Infinite Card will make a great travel companion for all your trips. 

After all, none of the CIMB credit cards have an annual fee, so that’s one less thing to worry about. 😉


Exclusive CIMB Credit Card promotions on Singsaver

Now that we’ve addressed the main gist of each CIMB credit card, what’s the real kicker then? Well, it’s sign-up promotions, of course! Don’t be shy, find out what sweet rewards you’ll stand to gain when you sign up for a CIMB credit card with us here at SingSaver!

CIMB_CC_BLOGARTICLE_800x250

SingSaver Exclusive Offer: Receive Apple AirPods Pro (worth $365.70) or +PLUS Chelsea Check-In 22" Luggage (worth S$449) or S$280 cash via PayNow upon activating and spending min. $988 for 60-day periods following card approval. Valid until 31 March 2024. T&Cs apply.

Our Best Deal Guarantee promises you the best deal only with SingSaver. If you find a better offer elsewhere, submit a claim, and we'll reward you with double the difference. Valid till 31 March 2024. T&Cs apply.


Other CIMB products and services to consider

If you’re still reading up until this point, thank you. Here’s a cookie. 🍪 

Other than that, check out these other CIMB products and services that’ll complement your credit card usage.

Jump to:

CIMB FastSaver Account

For instance, the CIMB FastSaver Account is a great option if you despise jumping through too many complicated hoops. This no-frills savings account lets you effortlessly earn up to 3.5% p.a. interest on your funds.

Otherwise, the CIMB FastSaver Account offers a respectable base interest of 1.5% p.a. on your first S$25,000 and up to 3.5% p.a. on the first S$75,000. 

If you throw in your CIMB Visa Signature credit card spend, invest in CIMB investment or insurance products, or fulfil both criteria, you’ll be bumped up to 4.2% p.a. interest on as little as your first S$10,000 deposit in no time.

So if you’ve been on the hunt for a straightforward yet effective savings account, opening a CIMB FastSaver Account together is a no-brainer. Just don’t forget to apply for your CIMB Visa Signature Card while you’re at it! 😉

📝 Read our full CIMB FastSaver Account review here.


CIMB StarSaver Account

But enough said about the CIMB FastSaver Account. How about its slightly more elevated but still no-frills cousin, the CIMB StarSaver Account? We heard it’s great for those with more spare cash lying around.

This stellar savings account allows users to reap interests of up to 1.5% p.a. on the first S$100,000, 2.5% p.a. on the next S$150,000, and finally 3.5% p.a. above S$250,000. 

At first glance, this 3.5% p.a. interest might pale in comparison to the 4.2% p.a. offered by StarSaver, but you have to understand – not many savings accounts offer such high-interest rates on these deposit amounts. Beyond a certain limit, many of them revert to the base interest rate.

For example, the UOB One Account reverts to the base 0.05% p.a. interest on savings above S$100,000, regardless of whichever account criteria you still fulfil. 

This brings us to the next point, which is: there are absolutely no hoops to jump through to attain the higher interest tiers. 

Overall, the CIMB StarSaver Account is a great savings account to dedicate as an emergency fund or for higher net-worth individuals.

📝 Read our full CIMB StarSaver Account review here.


CIMB Preferred Banking 

Speaking of high net worth, allow us to introduce CIMB’s priority banking platform for premium customers – CIMB Preferred.

Although not as wildly advertised as some of its competitors, the CIMB Preferred still stands its ground pretty well. 

From its open architecture to preferential banking rates to various service charge waivers, CIMB Preferred banking customers have access to a wealth (no pun intended) of financial tools and services that are not solely restricted to CIMB alone – i.e. you can apply for insurance and investment products from other providers.

Since 1 May 2023, CIMB Preferred banking customers also enjoy preferential fixed deposit rates of up to 3.4% p.a. interest on as little as S$10,000 and for as short as 6 months.

📝 Read our full CIMB Preferred Banking review here for more details.


Read these next:

Best Cashback Credit Cards in Singapore
Best Unlimited Cashback Credit Cards in Singapore
Cashback vs Miles vs Rewards: Which is the Better Credit Card Type?
Best HSBC Credit Card Comparison: HSBC Revolution vs HSBC Advance vs HSBC Visa Platinum vs HSBC TravelOne

Although she struggles *slightly* in resisting good deals and sales, Emma is on a lifelong journey to understand what financial independence as a Z-llennial means. That said, her inner child is still very much alive… with animals and gaming being her weaknesses.

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Use a personal loan to consolidate your outstanding debt at a lower interest rate!

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