CIMB Visa Signature
- APR
- 27.8% – 27.8%
- Annual Fee
- $0
- Rewards
- Up to 10.0%
- Sign-Up Bonus
- $188
You'll be redirected to cimb.com.sg
Our Verdict
This card offers impressive cashback rates, especially for online shoppers and grocery buyers in Singapore.
Pros
- Up to 10% cashback on selected categories
- No annual fee for life
- Attractive sign-up bonus of S$188
- Covers a variety of spending categories
- Visa network benefits
Cons
- Capped cashback limits per category
- S$800 monthly spend required for maximum rewards
- Low base cashback rate of 0.2%
- Limited to specific spending categories
- May require tracking to maximise benefits
The CIMB Visa Signature delivers compelling cashback opportunities, particularly for Singaporeans who shop online, buy groceries, indulge in beauty and wellness, or even take their pets for a check-up. With a remarkable 10% cashback on select categories, it’s hard to ignore. However, the cashback is capped at S$100 per statement month, and each category has a S$20 limit, which may not suit those with higher spending habits.
Our team evaluated the card's no annual fee for life benefit, which is attractive for budget-conscious consumers. Additionally, the S$188 sign-up bonus provides a nice incentive, but be mindful of the qualifying spend terms. Compared to other cashback cards like the DBS Live Fresh card or UOB One Card, this card's rewards structure is more focused, which might not appeal to everyone.
Another point to consider is the base cashback rate of only 0.2%, which is quite low. This means if you don’t hit the qualifying spending limits, you may not see much return on your everyday purchases. Those who spend less than S$800 monthly or prefer a broader range of rewards might want to explore alternatives.
Overall, this card suits specific shopping behaviours, but it’s not the best fit for everyone. For more details, visit the issuer’s site at CIMB.
Watch Out
Capped cashback limits might restrict heavy spenders from fully utilising the potential rewards.
Best For
Ideal for those who frequently shop online and buy groceries, looking to earn cashback without annual fees.
You'll be redirected to cimb.com.sg
