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The CIMB Visa Infinite Card is among the best cards out there that are good for cashback perks. Others like the HSBC Visa Platinum Card and Citi Cash Back+ Card which are some of the many cashback credit card options you would have come across on MoneySmart’s online credit card comparison wizard. Let’s compare these 3 credit cards and have a closer look at their requirements and benefits.
The key factors which we’ll be focusing on are interest rates, annual fees, minimum annual income requirements and cashback benefits.
Among the 3 credit cards, the CIMB Visa Infinite Card lets you save the most on annual fees as it doesn’t charge any unlike most credit cards, but the HSBC Visa Platinum Card gives you the highest percentage of cashback on your spending on selected categories like local dining and groceries (food deliveries and online groceries included) - a generous 5% that is higher than the 1.6% and 2% you can get from Citi Cash Back + card and CIMB Visa Infinite Card respectively.
In terms of interest rates, the HSBC Visa Platinum Card also offers you the lowest option of 26.90% (subject to the bank’s assessment of your credit profile). However, it charges a hefty annual fee of $662.15, which is the highest among the 3 cards.
Interest rate: From 27.80%
Annual fee:None
Minimum annual income:
Interest rate: From 26.90%
Annual fee:$662.15 (no waiver available)
Minimum annual income:
Interest rate: From 27.90%
Annual fee:$196.20 (first year waiver available)
Minimum annual income:
Many credit cards offer complimentary travel insurance, providing a safety net for your journeys. While benefits can vary widely between card issuers like Citi, AMEX, UOB, DCS, DBS Altitude, and CIMB, common coverages include:
Here are 3 simple steps to apply for the CIMB Visa Infinite Card
You may begin your application by clicking on our CIMB Visa Infinite Card application link. When you choose to apply online via SingPass MyInfo, CIMB will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
You’ll need to provide all the necessary documentation in order for CIMB to approve your credit card application. This list of documents include:
You’ll be able to activate your CIMB Visa Infinite Card through CIMB’s online platform, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your cashback rewards and credit card statements with your CIMB Clicks mobile app!