CIMB has refreshed its promo for its credit cards: get a choice between receiving S$200 via PayNow, or Sony WF-1000XM3 (Worth S$219) + S$80 cash via PayNow. There is a minimum spend of S$988 required within 60 days of card approval, and you can engineer your spend to get a further 10% of cashback.
Easy way to meet spend and get 10% cashback
We had some discussion last month on how best to meet the minimum required spend and maximise the promo, and supermarket vouchers are perhaps the most fuss-free way to do it. Supermarket vouchers are likely the best way to clock spend for such promos since it’s something we would invariably use over the next few months.
CIMB Visa Signature offers 10% cashback on 5 categories of spend: Beauty & Wellness, Groceries, Online Shopping, Pets, and Cruises. Each category is capped at S$20 cashback, so don’t spend more than S$200 in each:
|$200 vouchers at supermarket||Groceries||$20 (10%)|
|$200 vouchers at pharmacy||Beauty & Wellness||$20 (10%)|
|$200 vouchers from online||Online Shopping||$20 (10%)|
|Remaining spend elsewhere||–||0.2% to 10% depending on spend|
Obviously, you can buy vouchers directly from the supermarket you shop at. Beyond the S$200 cap, you should look at other areas to buy vouchers.
It is entirely possible to buy Dairy Farm vouchers at Guardian which are usable at Dairy Farm supermarkets like Giant and Cold Storage. I believe the same can be done for NTUC FairPrice at Unity pharmacies. This would hence qualify for cashback under the Beauty & Wellness category.
You can also get supermarket vouchers from some online shopping portals which would thus meet the Online Shopping category for this card.
That’s S$600 of spend settled, and the remaining S$388 can be spent anywhere you like, including buying more supermarket vouchers since it’s fuss-free, although your cashback is obviously more if you can buy pets or cruise-related items.
This card actually gives Citi Cash Back a run for its money as a groceries card, and it’s actually even better for a pet owner. As someone who lives with an annoying cat, I can actually get S$80 cashback from S$800 of spend from CIMB Visa Signature (as opposed to $80 from $1,000 spend with Citi Cash Back).
CIMB Visa Signature
New to bank
ErgoTune Classic (worth S$399) or S$250 cash upon activating and spending min. S$988 within 60 days following card approval.
Until 2nd October 2022
Get 10% cashback on dining, groceries, pets expenses, cruises, and beauty & wellness. No annual fees for life.
You can check out the other CIMB cards eligible for this promo here if you wish.
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