CIMB platinum MasterCard 10% cash back

[keniphone]

<ADV>Receive 10% cash rebate when you charge travel, and health, beauty and wellness-related purchases on your CIMB Platinum MasterCard! For details, visit http://bit.ly/1QgCHxm. T&Cs apply.

Basically it's applicable for airtix purchase and cap at $60 rebate (equivalent to $600 spend)

More benefit access the link above


For CIMB Visa Signature
10% cash back for online spending in foreign currency. Very good as well. Use while it lasts

 

[Polar Bear King]

Thanks saw it in new leaflet with application form.

 

[Trazora]

Need 8 x min $30 though

 

[keniphone]

Oh thanks for highlighting that
If one x 600 is ok?

 

[Trazora]

Oh thanks for highlighting that
If one x 600 is ok?

Nope. So not so useful for airtix

 

[benlau1]

<ADV>Receive 10% cash rebate when you charge travel, and health, beauty and wellness-related purchases on your CIMB Platinum MasterCard! For details, visit http://bit.ly/1QgCHxm. T&Cs apply.

Basically it's applicable for airtix purchase and cap at $60 rebate (equivalent to $600 spend)

More benefit access the link above


For CIMB Visa Signature
10% cash back for online spending in foreign currency. Very good as well. Use while it lasts

Sounds attractive le....

BTW - Any bro here has their internet banking facility? How to apply for it after applying for their cards huh?

Need go down to the branch?

 

[skinlet]

No need. Complete form and mail in.
But sorry bro, I cannot post link -.-
Search Cimbclick should be able to link your way there.

 

[keniphone]

Hmm. For travel package but need 8x$30. Sound not very reasonable.

 

[IcYFl4mEz]

So for Visa and master, both shop online and FX got 10%? and visa is for dine and wine, master is for travel and beauty wellness etc. but 8 x $30 really turn off.. $500 min still ok

 

[Trazora]

So for Visa and master, both shop online and FX got 10%? and visa is for dine and wine, master is for travel and beauty wellness etc. but 8 x $30 really turn off.. $500 min still ok

Visa 10% for online foreign spend and wine and dine. Master 10% for travel and beauty and wellness

 

[galacticnick]

the new rebate scheme just isn't well-thought-out. a single air ticket and/or hotel stay would easily exceed $600.

 

[Verbatin]

It’s a well thought out plan much to our dismay. it's tedious to chalk 8 transactions but their purpose is force you to spend on other things. without this condition, everyone will just spend everything on travelling and they cant make money giving you 10%. so they have to cap it at $600 and include other condition for you to spend 8 transaction on other things

if I have to book ticket in a particular month, I will just go Vbox and pay my telecoms bill 8 times of $30 each

the new rebate scheme just isn't well-thought-out. a single air ticket and/or hotel stay would easily exceed $600.

 

[galacticnick]

It’s a well thought out plan much to our dismay. it's tedious to chalk 8 transactions but their purpose is force you to spend on other things. without this condition, everyone will just spend everything on travelling and they cant make money giving you 10%. so they have to cap it at $600 and include other condition for you to spend 8 transaction on other things

if I have to book ticket in a particular month, I will just go Vbox and pay my telecoms bill 8 times of $30 each

it'd be a well-thought-out plan only if consumers took the bait. the 'combination of the minimum-8-transactions-of-at-least-$30-each condition and rebate categories (travel and beauty & wellness) would, I imagine, put off the average consumer from signing up in the first place. by comparison, their revamped visa signature card, which I just applied for, looks far more attractive. it is highly possible for an average consumer to chalk up at least eight transactions of at least $30 each purely on dining and online transactions (in foreign currency), while capping the total spend at around $600 to maximize the rebates earned.

 

[jertkw1987]

just buy air tix and use 7 x $30 to purchase capitalland mall or ntuc vouchers. I think its a great deal.

 

[paurusu]

it'd be a well-thought-out plan only if consumers took the bait. the 'combination of the minimum-8-transactions-of-at-least-$30-each condition and rebate categories (travel and beauty & wellness) would, I imagine, put off the average consumer from signing up in the first place. by comparison, their revamped visa signature card, which I just applied for, looks far more attractive. it is highly possible for an average consumer to chalk up at least eight transactions of at least $30 each purely on dining and online transactions (in foreign currency), while capping the total spend at around $600 to maximize the rebates earned.

There's herd mentality and "ah, benefit not bad" thought when people signing up the cards.
A lot of (most) people are not as calculative as people in this forum section.

 

[Verbatin]

I think purchase NTUC not so worth it as some other card give 5%. better to pay telecoms bill online. do 8 times at your own pace. go NTUC need to queue and the counter might not want to swipe a few time for u

just buy air tix and use 7 x $30 to purchase capitalland mall or ntuc vouchers. I think its a great deal.

 

[Verbatin]

if too many customers took the bait (meaning the benefit is good and easy to achieve), the card benefit will die sooner and the bank will not be making money. which I why I think is a well thought plan

benefit must be good and yet at the same time should not be too easy to achieve. I think the bank took this into consideration

it'd be a well-thought-out plan only if consumers took the bait. the 'combination of the minimum-8-transactions-of-at-least-$30-each condition and rebate categories (travel and beauty & wellness) would, I imagine, put off the average consumer from signing up in the first place. by comparison, their revamped visa signature card, which I just applied for, looks far more attractive. it is highly possible for an average consumer to chalk up at least eight transactions of at least $30 each purely on dining and online transactions (in foreign currency), while capping the total spend at around $600 to maximize the rebates earned.

 

[jertkw1987]

does the 8X $30 also works for topping up imagine card?

 

[Trazora]

does the 8X $30 also works for topping up imagine card?

Nope, read the TnC https://www.cimbbank.com.sg/content...ions/tnc-ten-percent-cash-rebate-20160118.pdf

"ez-link transactions will not count towards the minimum spend of S$500 and the minimum spend of 8 transactions of S$30 or more."

 

[jertkw1987]

I will spend around $700AUD for hotel fee(claimable by company) and get the 10% cash rebate + 1.4% waiver for foreign currency. As mentioned by many people, the 8 x $30 transaction is quite troublesome. Is there any other cards that I am missing out that will provide a benefit from what i am intending?