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Best CIMB Credit Cards in Malaysia 2023

BySamantha Lim

Sep 5, 2023
Best CIMB Credit Cards in Malaysia

The CIMB credit card is one of Malaysia’s most popular financial tools, offering a variety of incentives ranging from cashback and rewards to dining and travel perks. We are here to provide extensive comparisons and deep insights into the features, fees, and benefits of CIMB credit cards, making it easy for potential cardholders to select the card that best meets their lifestyle and financial needs. Furthermore, CIMB works with partners such as PETRONAS to provide specialised cards with market-leading cash rebates and unique perks, boosting the value and experience of its cardholders.

Best CIMB Bank Credit Cards Annual Fee Comparison

CIMB Credit Card Min. annual income required Annual fee of principal card Annual fee of Supplementary card
CIMB Petronas Platinum Credit Card RM24,000 Waived Waived
CIMB Cash Rebate Platinum Credit Card RM24,000 Waived Waived
CIMB e Credit Card RM24,000 RM100 Waived
CIMB Visa Signature Credit Card RM60,000 Waived Waived
CIMB World Mastercard Credit Card RM90,000 Waived Waived
CIMB Visa Infinite Credit Card RM120,000 Waived Waived

Top CIMB Bank Credit Cards in 2023

cimb petronas platinum credit card

1. CIMB Petronas Platinum Credit Card

Features & Benefits

  • Enjoy a 7% rebate on PETRONAS station with Setel transactions.
  • Enjoy a 5% rebate on petrol or any goods in the store by using the physical card.
  • Enjoy a 0.2% unlimited rebate on other retail spending.
  • Enjoy travel insurance protection up to RM1,000,000.

Eligibility

  • RM24,000 is the minimum annual income.
  • The principal cardholder must be a minimum of 21 years old.
  • The supplementary cardholder must be a minimum of 18 years old.

Fees & Charges

  • The annual fee is free for life for the primary card and the supplementary card.
  • There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
  • The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
  • A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
  • The cash withdrawal charge is RM15 or 5% of the outstanding amount, whichever is greater.
  • Interest rate charges range from 15 to 18% yearly.

Cash Back Rates

Cashback Type Cashback Rate Monthly Cap Requirement
SETEL Transactions 7% RM30 Spend RM1500 or above
Physical Card Transactions in PETRONAS Station 5% RM30 Spend RM1500 or above
Physical Card Transactions in PETRONAS Station 3% RM30 Spend up to RM1500
Other Retail 0.2% Uncapped Any amount

cimb cash rebate platinum credit card

2. CIMB Cash Rebate Platinum Credit Card

Features & Benefits

  • Enjoy a 5% rebate on petrol, groceries, cinema, mobile & utility.
  • Enjoy a 0.2% rebate on retail & online.
  • Enjoy travel insurance protection up to RM1,000,000.

Eligibility

  • RM24,000 is the minimum annual income.
  • The principal cardholder must be a minimum of 21 years old.
  • The supplementary cardholder must be a minimum of 18 years old.

Fees & Charges

  • The annual fee is free for life for the primary card and the supplementary card.
  • There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
  • The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
  • A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
  • The cash withdrawal charge is RM15 or 5% of the outstanding amount, whichever is greater.
  • Interest rate charges range from 15 to 18% yearly.

Cash Back Rates

Cashback Type Cashback Rate Monthly Cap Requirement
Petrol, Groceries, Cinema, Mobile & Utility 5% RM30 Spend RM3000 or above
Petrol, Groceries, Cinema, Mobile & Utility 2% RM30 Spend up to RM2,999
Other Retail & Online 0.2% Uncapped Any amount

cimb e credit card

3. CIMB e Credit Card

Features & Benefits

  • Earn 12X Bonus Points on online shopping and food, utility bills, and contactless payment in a retail store on eDay.
  • Earn 3X Bonus Points on online shopping and food, utility bills, and contactless payment in a retail store daily.
  • Earn 1X Bonus Points in retail stores with PIN payment.
  • Enjoy travel insurance protection up to RM1,000,000.

Eligibility

  • RM24,000 is the minimum annual income.
  • The principal cardholder must be a minimum of 21 years old.
  • The supplementary cardholder must be a minimum of 18 years old.

Fees & Charges

  • The annual fee is RM100 for the primary card but is waived for the supplementary card.
  • There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
  • The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
  • A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
  • The cash withdrawal charge is RM15 or 5% of the outstanding amount, whichever is greater.
  • Interest rate charges range from 15 to 18% yearly.

CIMB Visa Signature Credit Card

4. CIMB Visa Signature Credit Card

Features & Benefits

  • Earn 2X Bonus Points on global spending for each RM1.
  • Earn 1X Bonus Points on local spending for each RM1.
  • Enjoy 2X free Plaza Premium Lounge entry in Malaysia.
  • Enjoy travel insurance protection up to RM1,000,000.

Eligibility

  • RM60,000 is the minimum annual income.
  • The principal cardholder must be a minimum of 21 years old.
  • The supplementary cardholder must be a minimum of 18 years old.

Fees & Charges

  • The annual fee is waived for the primary card and the supplementary card.
  • There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
  • The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
  • A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
  • The cash withdrawal charge is RM15 or 5% of the outstanding amount, whichever is greater.
  • Interest rate charges range from 15 to 18% yearly.

cimb world mastercard credit card

5. CIMB World Mastercard Credit Card

Features & Benefits

  • Enjoy a 1.5% rebate on global spending, which includes online spending in foreign currency.
  • Earn 5X Bonus Points for flight tickets for each RM1.
  • Earn 1X Bonus Points for other domestic purchases for each RM1.
  • Enjoy travel insurance protection up to RM1,000,000.

Eligibility

  • RM90,000 is the minimum annual income.
  • The principal cardholder must be a minimum of 21 years old.
  • The supplementary cardholder must be a minimum of 18 years old.

Fees & Charges

  • The annual fee is waived for the primary card and the supplementary card.
  • There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
  • The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
  • A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
  • The cash withdrawal charge is RM15 or 5% of the outstanding amount, whichever is greater.
  • Interest rate charges range from 15 to 18% yearly.

Cash Back Rates

Cashback Type Cashback Rate Monthly Cap Requirement
Global Spend 1.5% Uncapped Any amount

cimb visa infinite credit card

6. CIMB Visa Infinite Credit Card

Features & Benefits

  • Earn 5X Bonus Points for global dining and shopping for each RM1.
  • Earn 1X Bonus Points for other domestic purchases for each RM1.
  • Enjoy 8X free Plaza Premium Lounge entry in Malaysia.
  • Enjoy travel insurance protection up to RM1,000,000.

Eligibility

  • RM120,000 is the minimum annual income.
  • The principal cardholder must be a minimum of 21 years old.
  • The supplementary cardholder must be a minimum of 18 years old.

Fees & Charges

  • The annual fee is waived for the primary card and the supplementary card.
  • There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
  • The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
  • A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
  • The cash withdrawal charge is RM15 or 5% of the outstanding amount, whichever is greater.
  • Interest rate charges range from 15 to 18% yearly.

 

CIMB Credit Card Promotion and Bonuses

CIMB offers a variety of credit card promotions and bonuses. Below is a summary of some of the promotions and bonuses offered by CIMB:

  • CIMB Cash Rebate Platinum MasterCard: This card provides rewards on everyday purchases. Along with the Visa Infinite and Petronas Platinum-i, it is a famous card.
  • CIMB PETRONAS Platinum: Provides a cash return of up to 7% on PETRONAS purchases.
  • CIMB Enrich World Elite MasterCard: Offers bonus miles, access to lounges, and travel insurance.
  • CIMB Visa Infinite: Has no annual cost and provides dining bonuses and lounge access.
  • CIMB e Credit Card: Offers cash rebates as well as bonus points.
  • CIMB Clicks or CIMB OCTO App: Reloading with CIMB Clicks or the CIMB OCTO App will earn you up to 6x cashback till October 31, 2023. You can also refer friends for CIMB Travel Credit Card benefits until September 30, 2023, and you can win RM500 via JomPAY on CIMB Clicks until October 31, 2023.
  • CIMB Affinity Credit Card Programme: This is a personalised credit card programme that offers bonus points or cash rebates on retail purchases to members of certain associations such as the MIA, MMA, ISP, IEM, MDA, and others.

Some of the promotions are seasonal, like those accessible on the CIMB Clicks or CIMB OCTO App, while others, like the cash rebates and bonus points offered by various CIMB credit cards, are ongoing. These incentives and perks make CIMB credit cards appealing to a wide range of clients.

 

Benefits of Using CIMB Bank Credit Cards

Benefits of Using CIMB Bank Credit Cards

CIMB credit card promotion and CIMB credit card rewards are the benefits for all of us to choose CIMB credit card because CIMB Bank provides a number of credit cards with various features and rewards. These cards are designed to meet a variety of demands and lifestyles, with features such as cashback, travel rewards, meal discounts, and partner advantages. Here is a summary of some of the primary advantages of using CIMB Bank credit cards:

Maximise Your Savings with CIMB Cashback Credit Cards

The CIMB Cash Rebate Platinum MasterCard is one of several credit cards available from CIMB that are suited to specific requirements. This card offers discounts on a variety of expenses such as movies, groceries, gas and eating. The CIMB Petronas Platinum credit card, which provides cashback on Petronas purchases, is another CIMB credit card that delivers cashback. These cards are part of CIMB’s extensive portfolio, which also includes travel rewards, extra points, and other benefits.

The CIMB Cash Rebate Platinum Credit Card, for instance, offers an enhanced benefit of a 12% cash rebate on weekend dining without any minimum spend requirement. This makes it an attractive option for those who frequently dine out on weekends. However, it is essential to note that the cash rebate for weekend dining is capped at RM30 per cardholder per cycle until a specified date.

In addition to cashback, CIMB credit cards also come with other benefits, such as wide acceptance, rewards, and redemption for goods, travel, or payments. Some cards also offer additional features such as lounge access, insurance, and exclusive privileges.

CIMB Rewards Bonus Points for CIMB Credit Card

CIMB Rewards Bonus Points is a rewards programme available to CIMB credit cardholders. When you use your CIMB credit card to make a purchase, you earn Bonus Points, which can be redeemed for miles, vouchers, gifts, or even Pay With Points on certain cards. CIMB Travel Credit Cards, for example, such as the Travel World Elite, Travel World, and Travel Platinum Credit Cards, offer swift flight redemption as well as the best conversion rate of 400 BP = RM1.

CIMB Balance Transfer Plan for CIMB Credit Card

Financial difficulties are an inevitable part of life, and CIMB is here to assist with its Balance Transfer Plan for CIMB credit cardholders. This plan, offered as part of the CIMB credit card promotion, is intended to help you manage your debt more effectively by allowing you to transfer outstanding amounts from other banks’ credit cards to your CIMB credit card at lower interest rates.

The plan has several advantages, including lower interest rates, variable payback terms, debt consolidation, no upfront fee, and a simple application process. Consolidating your debt allows you to more easily manage and track your repayments, which is critical in achieving financial freedom.

The CIMB Balance Transfer Plan application process is easy and can be completed online or at a CIMB location. First, make sure you are eligible for the balance transfer and choose a repayment period that is appropriate for your financial condition. Following approval of your application, the outstanding balance from your other credit cards will be transferred to your CIMB credit card, and you can begin making monthly repayments depending on the specified duration.

Effortless Shopping with CIMB 0% Easy Pay Instalment Plan

The CIMB 0% Easy Pay Instalment Plan is an excellent feature included with the CIMB credit card promotion. This arrangement enables CIMB credit cardholders to divide their retail expenditures into manageable monthly instalments at 0% interest.

It’s ideal for those big-ticket products you’ve been eyeing because it lets you spread the expense out over time, making it more cheap and doable. The plan is available at partnering stores and has various payback terms ranging from 3 to 36 months. There are also no processing fees or hidden costs, making it a really cost-effective solution to control your spending.

It is simple to apply for the CIMB 0% Easy Pay Instalment Plan. Simply use your CIMB credit card to make a purchase at a participating merchant, and then convert the transaction into monthly instalments using CIMB Clicks or by phoning the CIMB customer service hotline.

It’s that simple! However, while the instalment plan might help you manage your spending, it is critical that you use your CIMB credit card carefully and only buy what you can afford to repay. This allows you to reap the benefits of the instalment plan while keeping a healthy financial situation.

Unlock Financial Flexibility with CIMB CashLite

CIMB CashLite is a useful service for CIMB credit cardholders. You can use this service to convert your available credit limit into cash with customisable repayment arrangements. It’s a wonderful alternative for unexpected needs or when you need some extra cash to help you manage your finances better.

The CIMB CashLite has a fixed interest rate, which means your monthly payments will be the same throughout the term, making it easy to budget. Furthermore, because this feature is part of the CIMB credit card promotion, you can enjoy cheaper interest rates when compared to other kinds of borrowing.

It is simple to apply for CIMB CashLite. You can apply through the bank’s online banking platform, CIMB Clicks, or by phoning the CIMB customer service hotline. The monies will be credited immediately into your selected bank account once approved. While CIMB CashLite can give financial assistance, it is critical to use this function carefully. To prevent any additional charges, choose a payback term that fits your financial condition and make timely payments.

 

How to Apply for a CIMB Bank Credit Card?

How to Apply for a CIMB Bank Credit Card

Choosing the right CIMB credit card for your needs is a crucial decision, but once you’ve made that decision, the application procedure is simple. We will walk you through the CIMB credit card application procedure.

Eligibility Criteria: What You Need to Know Before Applying

Eligibility
Age The minimum age required is 21 years for primary cardholders and 18 years for secondary cardholders.
Residency Status Everyone
Income Requirement for Monthly CIMB Petronas Platinum Credit Card – RM2,000

CIMB Cash Rebate Platinum Credit Card – RM2,000

CIMB e Credit Card – RM2,000

CIMB Visa Signature Credit Card – RM5,000

CIMB World Mastercard Credit Card – RM7,500

CIMB Visa Infinite Credit Card – RM10,000

 

Step-by-Step Guide to the Application Process

Prepare the general documents wanted for the CIMB credit card application, such as the ones listed below, to speed up your CIMB credit card application.

Documents to Apply for CIMB Credit Card
Salaried Employee Self-Employed Foreigners
✅Copy of IC for both slides

✅Latest 2 months’ salary slips or latest EPF statement

✅The most recent BE Form, along with an official tax receipt

✅Latest 3 months bank statements

✅Copy of IC for both slides

✅Bank statements for the previous 6 months of the company

✅Copy of the Business Registration Form

✅Copy of Passport

✅Latest 2 months salary slips

✅Work permit valid for at least 1 year at the time of application

✅Letter of employment

 

After Your Application: Approval Process and Receiving Your Card

Once you have submitted your CIMB credit card application, the bank will begin the review process. This includes confirming the information you gave, evaluating your credit history, and analysing your credit management abilities. The bank will typically process your application within 7-10 business days. This can, however, fluctuate based on the volume of applications received by the bank.

Checking Application Status

After submitting your application, you can check your CIMB credit card application status online by going to the CIMB website and entering your application reference number. You can also phone the CIMB credit card hotline to check about the progress of your application.

Approval Notification

If your application is approved, you will be notified by SMS or email. This notification will include information about your credit limit as well as any other vital information about your new CIMB credit card.

Receiving Your Card

Your new CIMB credit card will be mailed to the address you provided in your application after it has been authorised. To avoid delays, it is critical that your address be correct and up to date. For security concerns, the card will be shipped inactive.

Activating Your Card

You must activate your new card before you can begin using it. This is normally accomplished using CIMB Clicks, the bank’s online banking platform, or by calling the CIMB credit card hotline. During the activation procedure, you will be required to create a PIN for your card.

Setting Up Online Banking

If you haven’t already done so, sign up for CIMB Clicks now. You will be able to manage your CIMB credit card online, check your balance, make payments, and do other things.

 

Conclusion: Choosing the Right Credit Card for Your Needs

It is critical to select the proper CIMB credit card to reap advantages matched to your lifestyle. Each CIMB credit card has its own set of incentives, ranging from cashback to travel rewards. Cardholders can earn points for every transaction through the CIMB credit card rewards programme, which can be redeemed for various gifts or vouchers. Furthermore, CIMB credit card promotion provides cardholders with seasonal discounts and special deals, increasing the overall value of possessing a CIMB card.

Finally, choosing a CIMB credit card should be based on your spending habits and the perks you want to receive. Each CIMB credit card is meant to deliver value and improve your financial management, whether it’s by collecting rewards points, receiving cashback, or taking advantage of exclusive deals. As a result, before making a decision, it’s critical to evaluate the features of each card, consider your spending habits, and weigh the rewards you want to obtain.

If you’re interested on finding other best credit cards, you can visit our Best Credit Card in Malaysia 2023 page.

 

**Disclaimer

This content is given for general informational purposes only and should not be construed as financial or legal advice. While we make every effort to deliver accurate and up-to-date information, we make no guarantees or representations on the completeness, accuracy, or reliability of any material supplied. CIMB credit card terms and conditions, including any incentives, are subject to change at the bank’s discretion. As a result, for the most current and personalised financial advice, it is best to speak directly with CIMB or a trained financial counsellor. Any information supplied here is used entirely at your own risk.

 

Frequently Asked Questions

What are the interest rates for CIMB credit cards?

CIMB credit card interest rates vary depending on the card type and your payment history. The typical annual interest rate varies from 15% to 18%.

How long does it take to get approved for CIMB credit card?

Normally, CIMB Bank will process your application within 7-10 business days. Once the documents and requirement is fulfilled and after review, it will approve your CIMB credit card application.

What are the minimum monthly repayments for CIMB credit cards?

The CashLite service states that if you opt for the CashLite/CashLite-i service, you should pay the monthly payment listed in the CIMB credit card statement in full by the card due date to avoid a late payment charge of 1% on the outstanding balance, minimum RM10, maximum RM100.

What are the top benefits of CIMB Credit Cards?

The top CIMB Credit Card features include cash rebates, travel rewards, bonus points, gas rebates and dining privileges. The CIMB Cash Rebate Platinum MasterCard, for example, provides flexible cashback, the CIMB Petronas Platinum MasterCard offers up to 7% return on Petronas spending, and the Enrich World MasterCard offers Bonus Miles and travel incentives.

What is minimum money in credit card?

The minimum amount for the CashLite/CashLite-i service is RM1,000. This amount may differ depending on the service or card type. For the most accurate and up-to-date information, contact CIMB directly or visit their official website.

Samantha Lim

Samantha Lim is a knowledgeable finance writer based in Malaysia. With expertise in personal finance, investments, and economic trends, Samantha...

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