CIMB Credit Cards Guide

Credit cards have revolutionized the way we manage our finances, offering convenience and a wide range of benefits.

In Malaysia, CIMB is a key player in the credit card industry, providing a variety of credit card options to meet the diverse needs of its customers.

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In this comprehensive CIMB Credit Cards Guide, we will explore the world of CIMB credit cards, covering Islamic features, Platinum status, cash rebates related to Petronas, and much more.

 

1. Introduction to CIMB Credit Cards

• CIMB Group is a leading ASEAN universal bank and one of the largest banking groups in Malaysia.
• They offer a range of financial products and services, including credit cards designed to cater to the unique preferences and needs of their customers.

 

2. Type of CIMB Credit Cards

• CIMB PETRONAS Visa Platinum-i Credit Card – RM24,000 per annum
• CIMB e Credit Card – RM24,000 per annum
• CIMB Travel World Credit Card – RM100,000 per annum
• CIMB Travel World Elite Credit Card – RM250,000 per annum
• CIMB Cash Rebate Platinum MasterCard – RM24,000 per annum
• CIMB PETRONAS Visa Infinite-i Credit Card – RM120,000 per annum
• CIMB Preferred Visa Infinite
• CIMB Travel Platinum Credit Card
• CIMB Visa Signature
• CIMB Visa Infinite
• CIMB Platinum BusinessCard
• CIMB Platinum Credit Card
• CIMB Islamic MasterCard Platinum
• CIMB Visa Signature
• CIMB Visa Infinite
• CIMB Platinum BusinessCard
• CIMB Platinum Credit Card

 

3. Islamic Banking with CIMB Credit Cards

• Islamic banking adheres to Shariah principles, which means it operates without interest (Riba) and follows ethical guidelines.
• CIMB offers a selection of Islamic credit cards for customers who prefer this approach to banking.

 

4. Platinum Status and Its Privileges

• Higher Credit Limits: CIMB Platinum credit cards offer elevated credit limits, allowing you to make more substantial purchases and manage your expenses effectively.
• Airport Lounge Access: Platinum cardholders gain access to airport lounges, providing a serene and comfortable environment to relax before their flight, making travel more enjoyable.
• Enhanced Customer Service: Enjoy superior customer service, with dedicated assistance and support to cater to your unique needs and inquiries.
• Up to RM1 Million Travel Insurance Coverage
• Automatic Coverage: When you charge the full fare of your airline tickets to your CIMB Platinum Credit Card, you receive automatic travel insurance coverage.
• Coverage Benefits: This insurance includes coverage for travel inconveniences, such as lost baggage and flight delays, ensuring you have peace of mind while traveling.
• Conditions Apply: Coverage is subject to the Air Flight Travel PA Insurance Terms and Conditions. Refer to the full Terms and Conditions for detailed information.

Eligibility:

• Minimum Income Requirement: To be eligible for a CIMB Platinum credit card, you should have a minimum annual income of RM24,000.

Annual Fees:

• Principal Card: The annual fee for the principal card is waived, offering added value to cardholders.
• Supplementary Card: The annual fee for supplementary cards is also waived, making it cost-effective to extend card benefits to family members.
• CIMB Platinum credit cards come with exclusive privileges, including higher credit limits, access to airport lounges, and enhanced customer service.
• The Platinum status ensures that cardholders enjoy a touch of luxury in their financial transactions.

 

5. Cash Rebates and Petronas Partnership

• For those who frequently refuel at Petronas stations, CIMB’s credit cards offer enticing cash rebates, making your fuel expenses more manageable.
• This partnership with Petronas is a popular choice among Malaysian consumers.

 

6. Customer Service and Contact Information

• CIMB provides dedicated customer service to assist cardholders with their inquiries and concerns.
• You can easily reach out to CIMB through various channels, including phone, email, or visiting one of their branches.

 

7. Interest Rates and How They Work

• Understanding the interest rates on your CIMB credit card is of utmost importance.
• Interest rates represent the cost of borrowing money, and they can vary depending on your card type and outstanding balance.
• Timely payments are vital to avoid accruing high-interest charges.

 

8. Credit Limit: How Much You Can Spend

• Your credit limit signifies the maximum amount you can charge to your CIMB credit card.
• It’s determined by factors like your income, credit history, and other considerations.
• Responsible spending and punctual payments can lead to increases in your credit limit over time.

 

9. Travel Perks with CIMB Credit Cards

• CIMB credit cards offer a host of travel-related benefits, such as travel insurance coverage and discounts on flight bookings and hotel stays.
• These perks elevate your travel experiences, making them more enjoyable and stress-free.

 

10. Using the CIMB Credit Card Calculator

• Before making significant purchases or considering balance transfers, it’s essential to utilize CIMB’s online credit card calculator.
• This invaluable tool helps you estimate your repayments, enabling you to make informed financial decisions.

 

11. Making Payments on Your CIMB Credit Card

• CIMB offers a variety of methods for making credit card payments, encompassing online transfers, direct debit, and in-person payments at CIMB branches or ATMs.
• You can choose the payment option that best suits your convenience.

 

12. Understanding Your CIMB Credit Card Statement

• Your monthly credit card statement provides a detailed breakdown of your transactions, outstanding balances, minimum payments, and due dates.
• A careful review of your statement is crucial for monitoring your financial health.

 

13. How to Apply for a CIMB Credit Card

• Applying for a CIMB credit card is a straightforward process.
• You can submit your application online or visit a CIMB branch.
• When applying for a CIMB credit card, you’ll need to fill out an application form, providing personal and financial information.
• Ensure that you meet the eligibility criteria and provide the necessary documents to facilitate the application process.
• Be sure to double-check your details to ensure a smooth application process.

 

14. Checking Your Application Status

• Applying for a CIMB credit card?
• You can conveniently check your application status through the CIMB website or by reaching out to their customer service.
• This keeps you in the loop about the progress of your application.

 

15. Application Status in Singapore and the Philippines

• For applicants in Singapore or the Philippines, checking your CIMB credit card application status follows the same methods available in Malaysia.

 

16. The CIMB Mobile App for Managing Your Card

• CIMB offers a mobile app that empowers cardholders to manage their credit cards on the go.
• Through this convenient app, you can monitor your spending, make payments, and redeem rewards seamlessly.
• CIMB credit cards are compatible with Apple Pay, allowing cardholders to make secure and convenient mobile payments using their Apple devices.

 

17.  Activating Your CIMB Credit Card

• Activating your CIMB credit card in Malaysia is a straightforward process.
• Upon receiving your CIMB credit card, you’ll need to activate it to initiate transactions.
• Follow the instructions provided with your card.
• The activation process typically involves a phone call to a dedicated number or visiting the CIMB website.

 

18. Cash Advances and When to Use Them

• A cash advance allows you to withdraw cash using your credit card.
• However, this service often comes with high fees and interest rates, so it’s best used as a last resort.

 

19. Annual Fees and How to Avoid Them

• CIMB credit cards may have annual fees associated with them.
• However, there are often ways to have these fees waived, such as meeting minimum spending requirements or being a CIMB Preferred customer.

 

20. Airport Lounge Access with CIMB

• Platinum CIMB credit cardholders often enjoy complimentary access to airport lounges.
• This is a valuable perk for frequent travelers, offering a quiet and comfortable space to relax before a flight.

 

21. CIMB Niaga Credit Card: Benefits and Features

• If you’re in Indonesia, CIMB Niaga offers a range of credit cards with their own set of benefits and rewards.
• These cards cater to the needs of Indonesian consumers.

 

22. Using Your CIMB Card Overseas

• CIMB credit cards can be used internationally, but it’s essential to notify CIMB before traveling to prevent any inconveniences.
• Your card will also likely have foreign transaction fees, so plan your spending accordingly.

 

23. What to Do If Your Application Status Is Cancelled

• If your CIMB credit card application is rejected or cancelled, you can reach out to CIMB’s customer service for clarification or explore other credit card options that may better suit your circumstances.

 

24. Checking Your Card Balance

• Monitoring your credit card balance is crucial to avoid overspending and accumulating high-interest charges.
• You can check your balance through the CIMB mobile app, online banking, or by contacting customer service.

25. Additional Benefits and Privileges

• In addition to the core features of CIMB credit cards, there may be additional benefits and privileges based on your card type and usage.
• These can include discounts, exclusive offers, and rewards programs.

 

26. Balance Transfers and Conversion

• CIMB often provides balance transfer and balance conversion options.
• These services allow you to consolidate and manage your outstanding balances more effectively, often with lower interest rates.

 

27. Understanding Your Billing Cycle

• Your credit card billing cycle is the period between two consecutive statements.
• Understanding this cycle helps you plan your spending and make payments on time.

 

28. Earning and Redeeming Bonus Points

• Many CIMB credit cards offer bonus point programs that allow you to earn rewards for your spending.
• You can redeem these points for a variety of items, including vouchers and merchandise.

 

29. CIMB Booth Locations

• CIMB has a network of branches and ATMs across Malaysia.
• You can visit these locations for in-person assistance with your credit card-related inquiries or transactions.

 

30. Paying Your CIMB Credit Card Bill

• Making timely payments on your CIMB credit card is essential to maintain a healthy financial profile.
• You can choose from various payment methods, including online payments, direct debit, and in-person payments at CIMB branches and ATMs.

 

CIMB credit cards offer a wide array of features and benefits tailored to the diverse financial needs of their customers.

Whether you’re looking for a Platinum card with travel perks, cash rebates at Petronas, or the convenience of mobile payments with Apple Pay, CIMB has a credit card to suit your preferences.

Be sure to explore the specific details of each card type and consider your financial goals and lifestyle to choose the one that best suits you.

 

More Info:

• List Of Credit Cards Available In Malaysia