CIMB Visa Signature Credit Card: Best Rewards Card for Dining
CIMB Visa Signature Credit Card: Best Rewards Card for Dining
ValueChampion Rating 
Pros
- Rewards online shopping, groceries and beauty spend
- Rewards pet spend and cruises
- No annual fee credit card
Cons
- Lacks discounts on transport & petrol
- Speciliazed spend
- Doesn't fit frequent travellers
If you're looking to earn cashback on online shopping, beauty and petcare–without paying an annual fee–CIMB Visa Signature Card is definitely worth considering. These categories, as well as spend on cruise lines and groceries, earn 10% cashback, up to S$100/month. Given its unique rewards structure, CIMB Visa Signature Card is an excellent match for those who tend to cook for themselves, but who also have high budgets for discretionary spending. If you tend to spend at least S$200/month in each of these categories, you can earn up to S$1,200/year–all without paying an annual fee.
CIMB Visa Signature Credit Card Features and Benefits
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Key Features:
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What Makes CIMB Visa Signature Credit Card Stand Out
CIMB Visa Signature Card is a great no-fee cashback card for consumers who buy groceries, but who also have high discretionary spend. After just an S$800 minimum spend, cardholders receive 10% cashback on categories ranging from online retail shopping, beauty spend, and pet shops & services to transactions with cruise lines and at grocery stores. Even more, this is one of the only cards on the market with high cashback rates for so many types of elective spend.
Nonetheless, there are a few drawbacks to CIMB Visa Signature Card. To begin with, the card's categories are quite specific. If you don't have a pet, rarely shop for clothing online, or aren't keen on visits to spas or the hairdresser, you may not benefit from this card. Furthermore, category earnings are individually capped at S$20/month, which can be maxed out with S$200 spend. It's fairly unlikely that a consumer will spend this much across all 5 categories every month, making the S$100/month total cap a bit unachievable.
| Category | Eligible Transactions | Rebate Rate | Category Cap | Total Cap |
|---|---|---|---|---|
| Beauty & Wellness | Personal care facilities, pharmacies, cosmetic stores, hairdressers, massage parlours, spas | 10% | S$20 | S$100/mo |
| Grocery | Online & offline spend at supermarkets | 10% | S$20 | |
| Online Shopping | Websites that sell clothes, accessories, shoes, bags, electronics | 10% | S$20 | |
| Petcare | transactions at pet shops or for vet services | 10% | S$20 | |
| Cruises | Transactions with cruise lines | 10% | S$20 |
Even so, CIMB Visa Signature Card has its merits. There's no annual fee, unlike some competitors, which also makes the card low-risk and maintenance-free. Even if you only spend on these categories periodically, you can still benefit from the remarkably high cashback rates when you do make such a purchase. In addition, CIMB Visa Signature Card's rebate on groceries is both one of the highest on the market, and quite functional. As a result, CIMB Visa Signature Card may be more beneficial than first thought. And, given there's no fee, you may also consider pairing it with an 'everyday' card.
How Does CIMB Visa Credit Card Signature Rebate Program Work?
Use our quick and easy-to-read guide below to learn how you can redeem CIMB Visa Signature Card rewards.
- Every 1 dollar of cashback earned is equal to S$1
- Cashback is credited to the cardholder's account monthly
- Cashback is automatically forfeited and is non-transferable when an account is closed
CIMB Visa Signature Credit Card Rewards Exclusions
Some credit card expenditures are ineligible for cash back or rebate. We identify these exclusions in the table below.
| Exclusion Category | Description |
|---|---|
| Bank Fees | Interest charges, late payment charges, cash advances, quasi-cash transactions, balance and/or funds transfers to or from the Card Account, any credit card transaction that was subsequently cancelled, voided or reversed for any reason, any fees payable to the Bank (or any other third party) for transfer of any debit balance on any other credit card to a Card, any other interest/fees/charges (including without limitation, cash advance, annual or monthly fees or charges) imposed by the Bank from time to time, and any other transactions that may be prescribed by the Bank |
| Transfers & Bill Payments | Any payments for utilities (this includes but is not limited to electric, gas, heating oil, sanitary and water utility bill payments), payments done via any AXS network |
| Institutional Payments | Payments to government institutions (this includes but is not limited to government services, government related postal services, government related purchases, court costs, fines, bail and bond payments and tax payments), insurance companies, and donations or payments to non-profit organisations (this includes but is not limited to religious and charitable organizations and social services) |
| Betting or Gambling | Any gambling-related transactions |
How does CIMB Visa Signature Credit Card Compare Against Other Cards?
Read our comparisons of CIMB Visa Signature Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.
CIMB Visa Signature v. Citi Rewards Card
- Pros
- Great for online & offline shopping
- Beneficial for frequent travellers
- Cons
- Less valuable for infrequent shoppers
- Foreign transaction fees apply
Citi Rewards Card is one of the best cards on the market for shoppers–online, offline, locally and overseas. Cardholders earn 10 pts (4 miles) per S$1 spend on fashion retail and on nearly all online spend, with no minimum spend requirement. However, general spend earns just 1 pt (0.4 miles) per S$1. People with broader discretionary spend and who prefer cashback may benefit more from CIMB Visa Signature Card.
CIMB Visa Signature v. CIMB Platinum MasterCard
- Pros
- Awards cashback for global transport
- Cashback for medical expenses and travel spend in foreign currency
- No annual fee credit card
- Cons
- Doesn't award cashback on everyday essentials
- No cashback on online spend
CIMB Platinum MasterCard is a great no-fee cashback card for consumers with high spend on overseas travel, transport, dining and medical. This card has a similar structure to CIMB Visa Signature Card, but rewards different spend categories and therefore attracts a different type of consumer. CIMB Platinum cardholders receive 10% cashback on overseas travel, dining, transport, and medical expenses, plus spend with select local electronics and furnishings vendors. Consumers who rarely travel or who prioritise discretionary spend may prefer CIMB Visa Signature Card.
To view the best rewards credit cards available in Singapore, check over here for more!
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Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.