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CIMB Visa Infinite Card
Last updated: Feb 2023
S$
120,000
Min. Annual Income

2
%
Cashback
Unlimited cashback on transactions made and processed overseas, in foreign
currencies and travel related
2
%
Cashback
Unlimited cashback on online spend in foreign currencies
2% cashback on overseas and travel related spend. Charge a minimum of S$2,000 in
month. No cashback cap.
Apply Now
OFFERS

BENEFITS
ELIGIBILITY
APR/ FEES
Offers

Welcome Offers from CIMB

OFFER 1
Receive a Marshall Stockwell II (worth S$399) or $250 cash
 * Promotion valid only for new CIMB cardmembers
 * A min. spend of S$988 must be made on eligible goods and services within 60
   days following card approval
 * Promotion not valid with other welcome offers
 * Valid till 28 February 2023
 * Terms and Conditions apply

Need some help?
No worries, we've got you covered!

How do credit cards work?

Credit cards allow you to spend on your purchases today and make payment in the
future, when it’s time to settle your monthly bill. If you miss the monthly
payment, you will be charged a hefty interest rate of around 25% p.a.

The main draw about credit cards is that they help ease cash flow – you don’t
have to suffer an immediate outflow of money as you’re spending ‘future money’.
Besides being able to spend before you receive your pay, credit cards also
reward you for your spending in the form of cashback, miles or reward points.





How do I apply for a credit card?

You can apply for a credit card online or using physical forms available at
banks. Fill up the personal details required, submit the relevant documents
(such as your NRIC and payslip or latest CPF statements), and wait for the
application to be approved.

Most banks also offer the option of applying via MyInfo using SingPass. Applying
via MyInfo speeds up the application process as most of the information required
would have been pre-filled in for you. Sometimes, there are promos where you get
rewarded cash gifts by applying with MyInfo.




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What’s the difference between debit cards and credit cards?

When using a debit card, the money you spend is immediately deducted from the
bank account linked to the debit card. You cannot spend more than the amount you
currently have in your account.

On the other hand, credit cards allow you to spend on credit. This means that
you do not actually make the payment for the purchase until you receive your
credit card statement at the end of the statement or calendar month.




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What are the different types of credit cards available?

There are three main types of credit cards: cashback, miles and rewards cards.
The credit card you choose would depend on your spending habits and personal
preference. You can read this article to find out which of the three types is
best for you.

If you are looking for a credit card for a specific spending type, you can check
out these articles to find the best credit cards for:

 * Grocery
 * Dining
 * Online shopping
 * Utility bills
 * Petrol


What is the difference between Visa Card, Mastercard and American Express?

Visa, Mastercard and American Express are different credit card payment
networks. Most credit card providers offer one or two of the card networks for
their credit cards. For example, for DBS Altitude, you can get either the DBS
Altitude Visa Signature or DBS Altitude American Express. UOB PRVI on the other
hand, offers all three options — UOB PRVI Miles Visa UOB PRVI Miles Mastercard
and UOB PRVI Miles American Express.

From a cardmember’s standpoint, the payment in general does not differ, although
there are a handful of places that might not accept American Express cards. The
perks offered by these card providers do make a difference, in terms of dining
promotions, airport transfers, lounge access, hotel benefits and more.




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What are the fees involved when using a credit card?

The most common fee you’ll incur with a credit card is the annual fee. This
annual fee typically falls just under S$200 each year, although it differs from
card to card. If you’re not keen on paying this annual fee, you’ll be glad to
know that some credit cards come with a free annual fee waiver, while others
waive your annual fee when you spend a certain amount each year.

Other credit card fees include:

 * Late payment charge: Incurred if your payment is not received by due date
 * Overlimit fee: If the total outstanding card balance exceeds the total credit
   limit at any time
 * Interest on purchases: Interest incurred on the outstanding amount if there
   is an amount that remains unpaid, until outstanding is paid in full. This can
   range from 25% to 28% p.a.

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What is the minimum balance payment for credit cards?

There is a minimum monthly payment you have to make for your credit card bill.
This is the amount you would have to pay in the event you are unable to pay your
credit card bill. The minimum monthly payment is typically 3% of the total
balance or S$50, whichever is higher. But note that the outstanding balance
would incur interest charges that are applicable on a daily basis until the full
payment is received.

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How to avoid or prevent credit card fraud?

To avoid credit card fraud, you can set up Two-Factor Authentication (2FA) for
all your bank accounts. You should be mindful to keep your passwords, PIN code
and One-Time Password (OTP) to yourself. During correspondences with your bank
or credit card provider, always check the source of the message or email to
ensure it is genuine.


You can also read this article to get tips on how to prevent cyber attacks and
safeguard your money.

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What credit card promotions are there?

If you’ve decided on the credit card to apply for, you can check out the
promotions available on SingSaver. These promotions are a further incentive for
you to sign up for the credit card, with rewards that range from cash via PayNow
to free gifts such as wireless earbuds or GrabFood vouchers.

Here’s what you should look out for when signing up for a credit card promotion:

 * Do you have to be new-to-bank to enjoy the promotion? Most credit card sign
   up promotions are applicable for new-to-bank cardmembers. If you are an
   existing cardmember of the bank, you will likely be eligible for a different
   reward. This reward is typically not as attractive as the reward on offer for
   new-to-bank cardmembers.
 * What do you need to do to get the sign up reward? This could simply be having
   your credit card application approved, or having to activate your new credit
   card. Others could require you to make a transaction or hit a minimum spend
   in order to be eligible.

When does the promotion expire? Be sure to sign up for the credit card before
the promotion deadline.

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What are the common credit card rewards?

Two of the most common types of rewards are air miles and cash back. The
rewards provided may differ depending on the cards in use, or the card issuer or
banks - some cardholders can earn rewards for simply spending in the form of
cash back, air miles, free gifts, gift vouchers and more. Some cards are better
suited for certain users such as air miles cards which is best for those who
frequently book flights and hotels, enabling them to quickly earn and rack up
air miles as well as enjoy the various travel-related benefit a travel-centric
credit card might offer.


Find a credit card promotion not matter where you are

Singsaver takes the financial security of our users very seriously and more than
anyone else, we know better that there are products to suit for every niche be
it air miles, cashback or reward points.

View All Credit Card FAQs
Daily Expenses
Shopping
Annual Fee Waiver

Great for

 * 
   Unlimited 2% cashback on travel, overseas spend and online spend in foreign
   currencies
 * 
   Unlimited 1% on all other retail spends
 * 
   Principal cardmembers enjoy 3 complimentary global lounge access at more than
   1,000 airports annually
 * 
   Charge your full travel fares to your CIMB Visa Infinite and automatically
   get travel insurance coverage of up to S$1 million for you and your family
 * 
   No annual fees for life + Up to 4 supplementary cards with no annual fees

Need to know

 * 
   Min. spending of S$2,000 in the statement month to qualify for the 2%
   cashback
 * 
   Only Singapore citizens and Permanent Residents may apply
 * 
   Min. annual income requirement: S$120,000

Benefits

YEAR-ROUND REWARDS

CASH REBATE
All Spending
1 %

1% cashback on all local spend. No min. spend required. No cashback cap.
Overseas Spending
2 %

2% cashback on overseas and travel related spend. Charge a minimum of S$2,000 in
month. No cashback cap.
Travel Spending
2 %

2% cashback on overseas and travel related spend. Charge a minimum of S$2,000 in
month. No cashback cap.
Online Shopping Spending (Local)
1 %

1% direct cashback on online and retail shopping. Minimum spending of
$2000/month.
Retail Spending
1 %

1% direct cashback on online and retail shopping. Minimum spending of
$2000/month.
Local Spending
2 %
Dining Spending
1 %
Show more
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

Eligibility

ELIGIBILITY

Minimum Age
21

Min. Annual Income
S$120,000

Monthly Spend Required
S$2000

APR/ FEES

FEES

Annual fee
No annual fees

Foreign Currency Transaction Fee
3.0%


REPAYMENT

Minimum Payment
3% of the outstanding balance or S$50.

Late payment charge
If Minimum Payment Due is not received on or before the Payment Due Date, a Late
Payment Charge of S$100 will be levied.

Interest On Purchases
25.9%

Interest On Cash Advance
28.0%

Interest Free Repayment Period
23 Days

Show more



OTHER INFORMATION

Credit card type
Visa Infinite



ISN'T THE BEST PRODUCT FOR YOU?

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© 2015 - 2023 SingSaver PTE LTD. All rights reserved. This online platform is
operated by SingSaver Pte. Ltd. and by continuing to use www.singsaver.com.sg
(the “SingSaver Website”) or by carrying out a transaction on the SingSaver
Website, users are deemed to have agreed with the Terms and Conditions
and Privacy Policy of the SingSaver Website. All insurance product-related
transactions on the SingSaver Website are arranged and administered by SingSaver
Insurance Brokers Pte. Ltd., a wholly owned subsidiary of SingSaver Pte. Ltd.
SingSaver Insurance Brokers Pte. Ltd. is a licensed and authorised broker
regulated by the Monetary Authority of Singapore (“MAS”). SingSaver Pte. Ltd.
(which administers all other financial products on the SingSaver Website) is not
regulated by MAS. SingSaver is located at Eon Shenton, 70 Shenton Way, 18-08,
Singapore, 079118.

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