CIMB Visa Signature is having a 3-month buff: from 1st August to 31st October 2023, the monthly minimum spend requirement to get higher cashback is lowered to S$600. This is down from the usual S$800, and unlocks the card’s high 10% cashback rate.
High 10% cashback rate… with a few caveats
When cards advertise a high cashback rate, it’s usually accompanied with more than a few asterisks and fine print. Trust Card, for instance, proclaims a 21% cashback rate that isn’t attainable in real life. On the other hand, DBS yuu gives 17.5% cashback without much gimmicks or gotchas.
CIMB Visa Signature is in the middle of the two, but thankfully closer to DBS yuu. You can indeed get its 10% cashback rate in full, but to get there takes a bit of effort as I’ve explained in my review of the card:
A lowered minimum spend definitely makes the card more viable. Instead of clocking spend in 4 different categories to get the maximum 10% cashback, you just need to make spend in 3 categories.
Whether this improvement would displace other cashback cards, however, is another question. The buff is also only for 3 months, although I imagine they might extend it just to make CIMB Visa Signature a bit more competitive against other cards.
Personally, I might just use it for a month or two as a 10% card to do some online shopping, stock up on pet supplies, and perhaps buy some supermarket vouchers. Even if CIMB Visa Signature isn’t all that easy to use as a daily card, 10% is a great rate to do some planned purchases.
There is currently an upsized promo for CIMB cards, and 7th August 2023 is also the last day you’d qualify for lucky draw chances to win business class tickets to anywhere!
CIMB Visa Signature
New to bank
- Apple iPad 9th Gen 10.2″ WiFi 64GB (worth S$503.65) or
- S$320 cash via PayNow
Upon activating and spending min. S$988 within 60 days following card approval.
⚠️ Fill up SingSaver rewards form in email to choose your gift. No form completed = no reward given
Terms and conditions (save a copy for your future reference)
Apply latest by end of 1st October 2023
Get 10% cashback on online shopping, groceries, pets expenses, cruises, and beauty & wellness. No annual fees for life.
Don’t miss these other promos
Last call for Tiger Brokers’ excellent promo, by the way. Also check out the many great deals happening in the month of August. Happy 58th birthday, Singapore!
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