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CIMB AWSM Card

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Old 01-08-2018, 09:49 AM   #1
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CIMB AWSM Card

CIMB AWSM Card

1% cashback on Dining & Entertainment, Online Shopping
1% cashback on Telco spend

No annual fee

https://www.cimbbank.com.sg/en/personal/products/cards/credit-cards/cimb-awsm-card.html
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Old 01-08-2018, 09:54 AM   #2
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isint SCB unlimited better?
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Old 01-08-2018, 12:04 PM   #3
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Two interesting conditions:

Applicant must be a Singaporean or Singapore PR
Applicant must not be an existing CIMB Credit Cardmember
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Old 01-08-2018, 12:35 PM   #4
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This card is awful...
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Old 01-08-2018, 01:02 PM   #5
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Prefer SC unlimited 1.5%
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Old 01-08-2018, 02:02 PM   #6
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Their target segment is different - Students and low income earners. Almost like the $500 credit limit card.

MayBank eVibes $500 Credit Card is still better. CIMB AWSM have too many T&Cs already. And what the fuk does AWSM stands for?
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Old 01-08-2018, 03:54 PM   #7
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This card is awful...
No, it's actually pretty good for its target market.

It's essentially a replacement for CIMB's Classic Mastercard, because it's available to lower income applicants (minimum $18,000/year income for those under age 35). A $500 credit limit is possible, or perhaps even MAS-required at a lower income level, but once your income gets high enough you can request a credit limit review and get a higher approval. Like all CIMB credit cards at present, it's only available to citizens and PRs. There's no annual fee for life, which is awesome.

The 1% rebate is pretty broad and pretty reasonable. However, it's not a great overseas credit card. (CIMB has two other credit cards that are better for overseas use.)

Maybank's eVibes credit card is not really competitive with this CIMB AWSM credit card because eVibes is only available to tertiary students and some NSmen. CIMB's AWSM is available to a broader, low income audience. Also, CIMB doesn't require any minimum use. You can get a AWSM on a limited income and then keep it forever, without chopping off the earliest part of your credit history. eVibes requires you to use the card at least once every quarter in order to avoid a quarterly fee. That's not a terrible requirement, but it's also not a "stuff it in a drawer and forget about it" arrangement. eVibes does have a better rebate offer since it's more universal.

Both cards have their merits.
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