cimb world mastercard travel insurance

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CIMB World MasterCard

Enjoy 1.5% unlimited cash rebate for overseas spending and 15% discount at any duty-free merchant.

Key Features

• Unlimited 1.5% Cash Rebate on Overseas spend
• Travel Accident Insurance with coverage of up to RM1,000,000
• Bonus Points on local and overseas retail spending
• 5x Bonus Points with every RM1 spent on airline transaction* (upto 5x Bonus point every RM1 spent on any airline transaction with predefined merchant category codes (MCC) 3000 to 3350 and 4511)
• 1x Bonus Point with every RM1 spend locally

Entertainment

Other features.

• Year-long discounts at over 500 dining, retail, and lifestyle merchants :
• Protection Plan : Travel Accident Insurance with coverage of up to RM1,000,000 when full airfare is charged to the credit card, Credit Protector plan
• Balance Transfer : Min. transfer amount: RM1,000, [Plan A]: 5.99% p.a for a tenure of 6 months, [Plan B]: 7.99% for a tenure of 12 months
• Instalment Plan : 0% Instalment Payment Plan at all participating merchants

Card Information

Product review by, more points, free flights, unlimited cash-rebate on overseas spend.

With the CIMB World MasterCard, get Unlimited Cash Rebates of 1.5% on overseas spend, and also earn great rewards i.e 5x Bonus Points with every RM1 spent on airline transaction with predefined merchant category codes [MCC 3000 to 3350 and 4511]. You are also eligible with every 1x Bonus Points on RM1 spent locally on retail ,entertainment, groceries, shopping and petrol (points deemed expire in three years). Accumulated bonus points can be used to redeem exclusive merchandise and gifts from CIMB bank’s members rewards catalogue. You could also convert the bonus points into Malaysia Airlines Enrich Miles, your next trip could potentially be free. In addition to that, with CIMB Cards you get to enjoy exclusive hotel, dining privileges at up to 50% discount year long as you explore the various fine dining establishments . Travel with ease as the dedicated CIMB Premier travel desk with sort out all of your travel needs and you also have a travel accident insurance with a coverage of up to RM1,000,000. Besides, this card has special offers and arrangement that awaits you with travel, shopping and golfing privileges.

Fees and Charges

The annual fee is free for life. By settling your payments promptly on time (this means settling the minimum payment, 5% of the outstanding balance or RM50 whichever is higher) you get to enjoy a low finance charge of 15% per annum. As for the late payment charges, amount charged will be 1% of the outstanding balance or RM10 (whichever is higher), capped to a maximum of RM 100. Also, if you are looking to conduct a balance transfer, there is a minimum transfer amount of RM 1,000 and comes with a 5.99% rate for the 6 months tenure and 7.99% for a tenure of 12 months. Rewards points expire after 3 years.

Are You Eligible For The CIMB World MasterCard?

To apply for CIMB World MasterCard, you need a minimum income of RM7500 and to be at least 21 years old.

Looking for more options to choose from? Our credit card experts, also recommend you to check out other similar credit cards such as CIMB Visa Signature and AmBank Visa Signature Credit Card , which may match your requirements.

If you prefer to broaden your credit card search, review more CIMB credit cards and start comparing today!

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MASTERCARD BENEFIT INQUIRIES

Within the U.S.: 1-800-Mastercard (1-800-627-8372) | Outside the U.S.: Mastercard Global Service Phone Numbers

Availability of insurance benefits on your card may vary by card issuer. Please refer to your issuing financial institution for complete insurance benefit coverage terms, conditions and exclusions.

*Offer availability will vary for cardholders when located outside of the contiguous United States.

1. Peacock Ends 3/31/2025, subject to early termination. Must use qualifying Mastercard World or World Elite credit card and subscribe to a full-priced Peacock Premium plan directly from Peacock to receive a $3.00 monthly statement credit. Statement credit ends when user no longer meets eligibility requirements. Excludes current Peacock Premium and Premium Plus subscribers. Additional eligibility restrictions, exclusions, and terms apply. For full terms, see www.peacocktv.com/offer-terms/mastercard . ↩

2. Instacart Ends 3/31/2025, subject to early termination. Add an eligible U.S. World or World Elite Mastercard credit card and subscribe as a new Instacart+ member to receive a free two-month trial and a $10 Instacart coupon on your second qualifying order each month. Must have an active Instacart+ membership paid for with an eligible card and complete one qualifying Instacart order each month. By redeeming this offer, you agree to the Instacart+ terms , and if you select a paid plan, your Instacart+ membership will auto-renew and the applicable membership fee will be billed automatically to any payment method on file until you cancel. Additional terms apply. Please visit www.instacart.com/p/mastercard-offer . ↩

3. ResortPass Ends 9/30/2025, subject to early termination. Make a booking or purchase of a gift card of $200 or more on ResortPass using your eligible World Elite Mastercard and receive a $30 statement credit. Make a booking or purchase of a gift card of $200 or more on ResortPass using your eligible World Mastercard and receive a $20 statement credit. Cannot be combined with other discounts. Statement credits may take up to 60 days to appear on your statement. Additional eligibility restrictions, exclusions, and terms apply. For full terms, see Resortpass.com/mastercard . ↩

4. Lyft Take 3, Get $5: Beginning 4/1/21 and running through 9/30/25, Lyft users can participate in Lyft and Mastercard’s Take 3, Get $5 program (“Program”) by taking and partially or fully paying for three (3) Eligible Rides in a calendar month to receive a $5 Lyft credit (“Credit”). The rides must be paid for with an eligible World or World Elite Mastercard credit card (Apple Card is not eligible for this program, but Apple Pay or Google Pay may be eligible if your World or World Elite Mastercard credit card is the funding source). Limit one Credit per calendar month per Lyft account. An “Eligible Ride” is any Lyft ride type, excluding business rides and bicycle and scooter rental rides. Valid only in the USA. Whether a ride qualifies as an Eligible Ride for purposes of the Credit will be determined in Lyft’s sole discretion. Credits expire thirty (30) days after application. Limited time only and while supplies last. By participating in the Program, you agree to these terms and Lyft’s Terms of Service ( https://www.lyft.com/terms ), and you agree that Lyft and Mastercard may share your information for the purposes of tracking and processing the Credit and may use anonymized, aggregated data for business analytics and offer optimization. Credits may take up to two (2) days to be applied to your Lyft account. ↩

5. Booking.com Mastercard cardholders will receive up to 7% off when booking accommodations marked with the Mastercard label and prepaying for such accommodations using an eligible consumer or small business Mastercard credit card at booking.com/mastercardUS . Offer Period: April 1, 2024 – September 30, 2025, subject to early termination. Eligibility: this offer is available to all U.S. and Canadian residents who are holders of consumer credit and small business Mastercard credit cards issued in the U.S. or Canada. Exclusions: Reservations booked but not prepaid are excluded from the promotion. Must select “Pay now” on the checkout page to receive the offer. Additional Terms and Conditions: To receive the discount, bookings must be prepaid at checkout and made exclusively through booking.com/mastercardUS . The discount is applicable only to prepaid bookings when the option “Pay Now” is selected at the checkout. The discount will be applied automatically at the time of checkout and discount will vary depending on the property and dates selected. The discount applies to the accommodation cost only and does not include any additional fees or taxes. Booking.com reserves the right to modify or terminate this offer at any time without prior notice. All bookings are subject to availability and Booking.com’s terms and conditions . ↩

6. HealthLock HealthLock is an end‑to‑end analytics‑driven platform that helps protect cardholders’ medical identities and data and monitors their medical claims for errors, fraud and overbilling. HealthLock provides three plan levels:

• Medical Claim Monitor: Helps guard against medical fraud and privacy intrusions by monitoring medical data breaches, providing alerts and helping remediate medical fraud issues.
• Medical Claim Auditor: Organizes, tracks and audits all healthcare bills (24‑month retroactive audit and ongoing auditing) in one place, verifying that all bills are accurate and identifying potential overcharges and insurance errors. This level includes everything from the previous plan.
• Medical Claim Saver: Provides access to medical bill negotiation with providers and insurance companies to potentially help reduce bills and reverse claim rejections. This level includes everything from the previous plan.

Enrolled users receive, at no cost, Medical Claim Monitor, plus a premium upgrade to Medical Claim Saver for the first 90 days. After 90 days, users will continue to receive Medical Claim Monitor at no monthly cost and have the option to continue with Medical Claim Auditor for $4.99 per month or Medical Claim Saver for $19.99 per month. See full terms here . ↩

7. ShopRunner Valid through 9/30/2025. To get the free ShopRunner membership offer, compliments of Mastercard, please go to  www.shoprunner.com/mastercard  and verify your eligibility for the offer with a World Mastercard or World Elite Mastercard account number and then complete the sign-up for a ShopRunner membership account. For details on how the ShopRunner membership works, please see the ShopRunner Terms and Conditions at  www.shoprunner.com/terms/sr , which govern the use of your ShopRunner membership offer. ↩

8. Certain terms, conditions and exclusions apply. Cardholders need to register for this service. This service is provided by Iris® Powered by Generali. Please see your guide to benefits for details or call 1-800-MASTERCARD. ↩

9. These are summary descriptions only. Certain terms, conditions and exclusions apply. To learn more about Zero Liability, visit mastercard.com/zeroliability . Contact your issuing financial institution for complete coverage terms and conditions or call 1.800.Mastercard (1.800.627.8372) for assistance. Applicable to U.S. cardholders only. ↩

All third-party trademarks are the property of their respective owners.

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• CIMB World MasterCard Credit Card: Best for Affluent Spenders?

• Great fit for big leisure budgets
• Rewards dining, entertainment and duty free shopping
• Perks for avid golfers
• No-fee & maintenance free cashback card
• Lack cashback on essentials (ie groceries, bills)
• Doesn't reward airline & hotel spend
• Doesn't fit monthly budgets of S$3,000/month and below

CIMB World MasterCard is the best option on the market for affluent, social spenders with high dining, entertainment & leisure budgets. Cardholders earn 1% unlimited cashback on general spend, which aligns with the marked standard for uncapped cards. However, this rate is then boosted to 2% on wine & dine (including food delivery), movies & digital entertainment, taxi & automobile, and luxury goods with a minimum monthly spend of S$1,000. Even better, cardholders never have to pay an annual fee. Ultimately, CIMB World MasterCard provides a great, maintenance-free way for social high spenders to reach their full rewards potential.

CIMB World MasterCard Credit Card Features and Benefits

What makes cimb world mastercard credit card stand out.

Affluent consumers with high leisure spend can enjoy unlimited, maintenance-free cashback with CIMB World MasterCard. Cardholders enjoy 2% unlimited cashback on wine and dine (including food delivery), movies & digital entertainment, taxi & automobile and luxury goods, with a minimum monthly expenditure of S$1,000. They can also get 1% unlimited cashback on all other spending, or if their monthly expenses does not reach S$1,000. Not only is the lack of earnings cap ideal for high spenders, the 2% rate is higher than any offered by comparable cards.

The categories earning unlimited 2% cashback make CIMB World MasterCard best fit for cardholders with high leisure budgets. From restaurants and bars to lounges and clubs, consumers earn from spend on non-essentials rather than on groceries or recurring bills. Affluent consumers would benefit most by using CIMB World MasterCard for all of their leisure-based expenses.

While CIMB World MasterCard already stands out for offering a higher tier of unlimited cashback than Amex True Cashback Card and Standard Chartered Unlimited Cashback Card , it also offers access to MasterCard Airport Experiences at over 1,000 lounges worldwide, and 50% off green fees or golf lessons at 42 prestigious golf courses in the region. These perks–particularly for golf–are often limited to more traditional travel cards.

• Singapore: Sembawang Country Club, Sentosa Golf Club, Warren Golf & Country Club, Golf Performance 360 Golf Academy at Orchid Country Club Driving Range (Golf lessons)
• Indonesia: Damai Indah Golf Club, Klub Golf Bogor Raya, Palm Spring Golf Resort
• Malaysia: Glenmarie Golf & Country Club, Horizon Hills Golf & Country Club, Kota Permai Golf & Country Club, The Els Club Teluk Datai, The Els Club Desaru, Tropicana Golf & Country Club
• Thailand: Alpine Golf & Country Club, Banyan Golf Club, Chiang Mai Highland Golf and Spa Resort, Lakewood Country Club, Loch Palm Golf Club (Bangkok), Muang Kaew Golf Club (Bangkok), Nikanti Golf Club, Panya Indra Golf Club, Red Mountain Golf Club, Siam Country Club, Summit Windmill Golf Course
• Myanmar: Pun Hlaing Golf Club, Yangon Golf Club
• Vietnam : Chi Linh Star Golf & Country Club, Danang Golf Club, Long Thanh Golf Club, Sea Links Golf & Country Club, Song Be Golf Resort, The Montgomerie Vietnam, Vietnam Golf & Country Club
• Philippines : Luisita Golf Club, Mimosa Golf Course
• Taiwan : National Garden Golf & Country Club, Royal Kuan-Hsi Golf Club, Sunrise Golf & Country Club
• China : Long Island Country Club, Mission Hills Golf Club, Zhuhai Lakewood Golf Club
• Korea : Hanrim Country Club, New Springville

Still, frequent travellers who value exclusive perks may feel underwhelmed by CIMB World MasterCard. In addition, average and lower spenders with budgets of S$2,000/month and below can earn more cashback with alternatives like UOB One Card or Maybank Platinum Visa Card .

Ultimately, CIMB World MasterCard is one of the best unlimited cashback cards on the market because it not only has a high flat rate–boosted even higher for leisure spend–but also is completely maintenance-free. Cardholders never pay an annual fee, so essentially, cardholders earn on every purchase without tracking caps and without any additional costs. Affluent consumers, especially those who are social spenders, should definitely consider CIMB World MasterCard.

How Does The CIMB World MasterCard Credit Card Rewards Program Work?

Use our quick and easy-to-read guide below to learn how you can redeem card rewards.

• Every 1 dollar of cashback earned is equal to S$1
• 1% cashback is credited to the card account the same statement month, and the additional 0.5% (applicable to spend at 2% rate) is credited the following card statement
• Cashback is non-transferable and forfeited with account termination

CIMB World MasterCard Credit Card Rewards Exclusions

Some credit card expenditures are ineligible for earning rewards. We identify these exclusions below.

How does CIMB World MasterCard Credit Card Compare Against Other Cards?

Read our comparisons of CIMB World MasterCard with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

CIMB World MasterCard v. SC Unlimited Cashback Card

• Unlimited 1.5% flat cashback
• No minimum spend requirement
• Up to 21% fuel savings with Caltex
• No boosted rates in specific categories
• No travel perks

Another great card for affluent consumers is Standard Chartered Unlimited Cashback Card , which also offers flat unlimited 1.5% cashback with no minimum spend requirement. It also offers transport benefits like SimplyGo compatibility and top fuel savings at Caltex. CIMB World MasterCard, on the other hand, rewards automobile spend and may be a better fit for car owners.

CIMB World MasterCard v. Maybank World MasterCard

• Great perks for golfers who enjoy local and global courses
• Good fit for budgets between S$1,000 to S$2,000 monthly
• Awards dining and high-end retail shopping
• Not a good fit for non-golfers or infrequent golfers
• Doesn't reward everyday spend
• Lacks travel perks and privileges

Maybank World MasterCard is perhaps the best card for golfers on the market, offering up to 2 waived green fees/month at 120 fairways across 25 countries. Cardholders also earn 4 miles per S$1 spend at select luxury retail and dining merchants and 1 mile for general spend, plus perks like free lounge access and travel insurance. Because of merchant restrictions, it’s more difficult to accrue rewards however. Consumers looking for greater rewards potential might prefer CIMB World MasterCard.

CIMB World MasterCard v. UOB One Card

• Good fit for budgets of at least S$2,000 per month
• Easy cashback on daily spend
• Gives rebates for paying bills
• Doesn't fit inconsistent budgets

UOB One Card is the best flat rebate card for average spenders, offering 5% cashback (up to S$300/quarter) for consistent S$2,000/month spend. Consumers with lower minimums earn 3.33% cashback (up to S$100/quarter for S$1,000/month, S$30 for S$500/month). This is a great card for essentials, as even recurring bills earn rewards. However, high spenders may feel limited by rebate caps and prefer CIMB World MasterCard.

CIMB World MasterCard v. CIMB Visa Infinite Card

• Best fit for monthly budgets above S$2,000
• Unlimited 2% cashback on travel, overseas and online
• No annual fee credit card
• Not suitable for spenders with local budgets
• Doesn't fit specialised budgets (ie dining, shopping) and infrequent travellers

CIMB Visa Infinite Card is an excellent no-fee cashback card for frequent travellers, offering 1% unlimited cashback on general spend and 2% on travel and overseas spend. Cardholders also enjoy perks like free lounge access and travel insurance. However, there’s a restrictive S$120,000 salary requirement to qualify. Overall, infrequent travellers are more likely to benefit from CIMB World MasterCard.

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Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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CIMB World Mastercard—MoneySmart Review 2023

Cashback credit cards are some of the most worthwhile cards to sign up for because they’re essentially giving you free money. Seeing as even fast food outlets charge for sauce these days, we’ll take whatever free stuff we can get.

But most cashback cards require you to satisfy minimum spending requirements and impose a cap on the amount of cashback you can earn each month—meaning you have to work for that “free” money.

The CIMB World MasterCard used to offer unlimited cashback of up to 2% with no minimum spending requirement .

But that has since changed as they decided to implement a minimum spending requirement of $1,000 in 2021. Bummer!

Let’s find out if the card is still worth your time.

See our credit card ranking rubric to find out how we rank credit cards.

• CIMB World Mastercard Review
• CIMB World Mastercard Terms and Conditions
• CIMB World Mastercard Cashback
• CIMB World Mastercard Lounge Access
• CIMB World Mastercard Golf Privileges
• How to maximise my CIMB World Mastercard?
• CIMB World Mastercard Promotion
• Should I get the CIMB World Mastercard?
• Alternative unlimited cashback cards

1. CIMB World Mastercard Review

The CIMB World Mastercard is a cashback card that offers unlimited cashback of up to 2% when you spend money on dining, online food delivery, movies, digital entertainment, taxi rides, ride-hailing, automobile and luxury goods.

That’s not all. The card doesn’t charge any annual fees. So even if you one day decide it’s nothing more than a useless piece of plastic, you can continue holding on to it for free.

CIMB World Mastercard

[FASTER GIFT REDEMPTION] Get  S$280 Cash via PayNow, in as fast as 2-3 months  when you apply and spend a min of S$988.  T&Cs apply .

Key Features

2% Unlimited Cashback on Wine & Dine, Online Food Delivery, Movies & Digital Entertainment, Taxi & Automobile, Luxury Goods.

1%* Cashback on all other spends.

Access to Over 1,000 Airport Lounges via Mastercard® Airport Experiences Provided by LoungeKey

50% Off Green Fees at golf courses across the region

No annual fees for life

Apply for up to 4 supplementary cards and have annual fees waived for all supplementary cards

Access to over 1,000 regional deals & discounts across Singapore, Malaysia and Indonesia

2. CIMB World Mastercard Terms and Conditions

CIMB World Mastercard is an entry-level credit card, meaning you can sign up for it once you’ve snagged your first job, provided it pays you at least $30,000 per annum.

Is the CIMB World Mastercard open to foreigners?

It seems like CIMB is only opening their CIMB World Mastercard to Singaporeans and PRs as main cardholders. However, foreigners can hold supplementary cards.

They don’t explicitly state that foreigners aren’t eligible to be principal cardholders, but they did state that the minimum annual income of $30,000 to apply is for Singaporeans and Singapore PRs, with no mention of foreigners. I trawled their website and found this statement under the “Requirements” section:

“A photocopy of both sides of an NRIC for both Principal and Supplementary Card applicants (if any) OR a photocopy of a valid passport for foreign Supplementary Card applicants (if any).”

So I think it’s safe to conclude that Singaporeans and PRs can hold main card or supplementary cards , while foreigners can only hold supplementary cards .

Do note that the eligibility age also differs:  21 – 70 years old for principal cardholders, and a lower minimum age of  18 years old for supplementary ones.

3. CIMB World Mastercard Cashback

The CIMB World Mastercard gives you the chance to earn up to 2% cashback when you spend locally or overseas in the following categories:

• Dining –Most eateries except wedding banquets or hotels
• Online food delivery –Only Deliveroo, Foodpanda, GrabFood (Grab transactions under MCC 5814 classification – Fast Food Restaurants only), WhyQ and AirAsia Food.
• Movies and digital entertainment –audiovisual media, games and other digital goods, theatres. But note that if you are paying for certain merchants (e.g. Netflix, Spotify, Disney+, Amazon Prime Video) through subscriptions with Starhub and Singtel, these aren’t eligible.
• Taxi rides —limousines are included, if you want to lead the high life.
• Ride-hailing
• Automobile –automotive repair and service shops, vehicle sales and supply stores
• Luxury goods –Stores classified as selling precious stones and metals, watches, jewellery, clocks, silverware, leather goods, luggage

Now for the hardest part: To clinch the maximum cashback of 2%, you must satisfy the minimum spending requirement of $1,000 in a statement month .  If you fail to hit the minimum spending requirement, your cashback in eligible categories will fall to 1%.

The good news is that there is no cashback cap . So, if you are a big spender or have a big purchase coming up, such as a luxury watch costing $50,000, you can earn 2% cashback on the full sum.

The next-best unlimited cashback cards only offer 1.5% to 1.7% of cashback—we’ll talk about them later .  However, these “lesser” cards offer unlimited cashback on everything with no minimum spending requirement, while the CIMB World Mastercard only offers cashback in certain spending categories, and requires you to hit their $1,000 minimum spending requirement to qualify for the full 2% cashback. 

If you want to dissect the cashback T&Cs on the CIMB World Mastercard like I like to do, here’s the document you’re looking for: CIMB World Mastercard Cashback Programme T&Cs .

4. CIMB World Mastercard Travel Privileges

By way of travel privileges, the CIMB World Mastercard comes with two types.

Mastercard Travel Rewards

These rewards include cashback or discounts in categories such as arts and culture, food, entertainment, shopping, sports and wellness, travel. Each offer is specific to a particular country. There are also several online offers. For example, there are 6 Boggi Milano offers: Online offer, Italy, Austria, France, UK and Spain.

If you ask me, these deals look pretty upmarket, and the minimum spends are from S$100 to S$500. They won’t be useful to the budget traveller.

Explore the full list of  Mastercard Travel Rewards to see for yourself.

Mastercard Travel Pass (Provided by Dragonpass)

Since 16 Oct 2023, the CIMB World Mastercard has come with Mastercard Travel Pass privileges too. What this means is you get to access airport lounges at a discounted rate and enjoy some extra dining and spa offers in airports via the “Mastercard Travel Pass” app.

I like that the airport lounge access rate applies to over 1,300 airport lounges worldwide. I don’t like that this airport lounge access isn’t free—it’s USD32 per person per visit . While this is a preferential rate, free is always better. I’d personally rather take a fixed number of 100% free airport lounge visits per year than an unlimited number of visits, but with a fee. For example, the Standard Chartered Journey Credit Card comes with 2 complimentary visits to Priority Pass lounges each year. But that’s me, someone who doesn’t travel more than twice a year generally. More avid travellers may appreciate the CIMB World Mastercard’s preferential access rate.

5. CIMB World Mastercard Golf Privileges

Under the  Mastercard Southeast Asia Golf Program, cardholders get 50% off green fees at 42 golf courses in Asia, as well as 50% off golf lessons at the Golf Performance 360 Golf Academy in Singapore. 

Participating clubs include local ones like Sentosa, Warren and Sembawang Clubs, as well as various golf courses in Indonesia, Malaysia, Thailand, Myanmar, Vietnam, the Philippines, Taiwan, China and Korea.

This is great if you’re a golfer. But golfing is a rich man’s hobby, and this positions the CIMB World Mastercard as a rich man’s card—especially when you consider that the minimum spend per month to enjoy 2% cashback is $1,000.

6. How to maximise my CIMB World Mastercard?

To maximise the card on a monthly basis, always try to hit the $1,000 spending requirement so you can give your cashback a boost from 1% to 2%.

As the 2% cashback is unlimited, the card is ideal when you make big purchases—for instance, that $20,000 Rolex watch (luxury goods), or an overhaul of your car (automobile).

7. CIMB World Mastercard Promotion

Apply for the CIMB World Mastercard and get S$250 Cash via PayNow  when spend a minimum of S$988 within a 60-day period from the date your card is approved.

You’ll also stand a chance to win a  Panerai Radomir Quaranta Timepiece  (worth S$8,700)  OR 16,490 SmartPoints  (worth an iPhone 15 Pro, 128GB in the Rewards Store)  OR 5,990 SmartPoints  (worth an Apple Watch Series 9 (GPS), 41mm in our Rewards Store).

ALSO READ :  The Best Entry-Level Luxury Watches to Buy in a Falling Market: Top Picks From Our Resident Watch Collector

8. Should I get the CIMB World Mastercard?

Unlimited cashback cards tend to be useful because they let you spend on those big-ticket, miscellaneous purchases that no other card will be able to reward you adequately for. Things like wedding dinners and home renovations.

But you wouldn’t be able to do that with the CIMB World Mastercard, which limits the 2% cashback to a few categories . The categories in which you could potentially spend a ton include luxury goods and automobile, so don’t forget to use the card the next time you treat yourself to a Louis Vuitton suitcase or decide to pimp your ride.

Those who can benefit most from this card are high spenders who have no problem hitting at least $1,000 a month in the eligible categories.

The problem is that some of these categories like dining and/or transport already enjoy more generous cashback through other cards like the Citi Cash Back Card (6% cashback on dining with $800/month spend)  and the OCBC 365 Credit Card   (5% cashback on dining and online food delivery with $800/month spend) , with less onerous minimum spending requirements.

So, in the end, people who would truly benefit from this card would probably be high rollers who have busted the cashback caps on their other cards and are looking for an alternative way to earn cashback on spending in the eligible categories…and who are still able to meet the card’s $1,000 spending requirement.

For instance, if you’re looking to buy a $20,000 Hermes handbag, you could get 2% cashback or $400 back by using the card to pay, since one of the eligible categories is luxury goods. In this case, it’d be hard to find another card that would be willing to pay $400 worth of cashback in a single month.

What’s the card’s biggest plus? It is free for life . So, there’s no harm in just applying for it and keeping it on hand in case you really decide to buy a $20,000 Hermes handbag someday.

9. Alternative unlimited cashback cards

Truth be told, the newly-revamped CIMB World Mastercard isn’t for everyone. It’s really for a specific kind of person who spends a lot on drinking, dining and luxury shopping. That probably applies to a significant chunk of Singaporeans, though.

However, if this credit card unfortunately doesn’t suit you, there are plenty of other unlimited cashback cards to choose from. Here are some of the best I like because they all some with unlimited cashback on almost anything, and with no minimum spend.

Citi Cash Back+ Card : 1.6% cashback on all spending, with no cashback cap and no minimum spend. It plays second fiddle to the UOB Absolute below (0.1% cashback difference), but I like that’s it’s Mastercard and not Amex .

Citi Cash Back+ Mastercard®

[FASTER GIFT REDEMPTION | GIVEAWAY] Get a  Sony WH-1000XM5 Wireless Noise Cancelling Headphones  (worth S$589) or an  Apple iPad (9th Gen), 64GB  (worth S$508.30) or  S$420 Lendlease E-Vouchers   (can be used at 313@somerset, Jem, Parkway Parade, PLQ) or  S$300 Cash via PayNow, in as fast as 6 weeks  from meeting the S$500 spend criteria!   PLUS stand a chance to get a  Rolex Submariner 124060  (worth S$15,521) or an  Apple iPhone 15 Pro, 128GB  (worth S$1,664.25) or a  Sony PlayStation®5 (SLIM) Digital Edition  (worth S$669) when you apply through MoneySmart!  T&Cs apply .

1.6% cashback on your spend

No minimum spend required and no cap on cash back earned

Cash back earned does not expire

Redeem your cash back instantly on-the-go with Pay with Points or for cash rebate via SMS

With Citi PayAll, you can earn and accumulate Citi Miles, Citi ThankYou PointsSM or Cash Back quickly when you pay your big-ticket bills such as rent, insurance premiums, education expenses, taxes, utilities and more

At MoneySmart, we strive to keep our information accurate and up to date. This information may be different from what you see when you visit a financial institution, service provider, or specific product site. MoneySmart shall not be liable to compensate the Customer should the information is not as updated as our Partner.

UOB Absolute Cashback Card : 1.7% cashback on all spending, with no cashback cap and no minimum spend. Just note that it’s an American Express card and some merchants don’t accept it.

UOB Absolute Cashback Card

[Amazing April Promotion | CASH BONUS] Stand a chance to get an  Apple 14-inch MacBook Pro (M3 Chip, 2023)  (worth S$ 2,320.25 ) when you apply through MoneySmart! The first 6 successful applicants who submit the claim form at 2pm or 9pm can also receive a  S$88 Cash Bonus via PayNow (valid till 23rd April 2024).   T&Cs apply .   PLUS enjoy  10% cashback (equivalent to S$100) on the first S$1,000 spend within thirty days and  get S$350 Cash Credit from UOB  when you successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month, for 2 consecutive months from the card approval date.  T&Cs  apply.

1.7% limitless cashback on everything, including groceries, insurance, school fees, wallet top-ups, healthcare, Utilities & Telco Bills and Rental

No minimum spend

Standard Chartered Simply Cash Credit Card : 1.5% cashback on all spending, with no cashback cap and no minimum spend.

Standard Chartered Simply Cash Credit Card

Get a  Nintendo Switch OLED  (worth S$549) or a  Hinomi Q1 Ergonomic Chair  (worth S$499) or a  Apple Watch SE  (worth S$382.50) or a  Apple AirPods Pro  (worth S$365.70) or a  ErgoTune Classic Ergonomic Chair  (worth S$399) or a  Titan V1 Foldable Bike  (worth S$399) or  up to S$370 Cash via PayNow*  when you apply and meet the relevant spend criteria!  T&Cs apply .

Flat 1.5% cashback rate for all eligible purchases

No cashback cap and no minimum spend

Enjoy dining and shopping discount privileges at over 3,000 outlets in Asia with Standard Chartered’s The Good Life Program

1 year annual fee waiver, no minimum spend required

P.S. Here’s our MoneySmart credit card ranking rubric

In case you’re wondering, here’s how we decide on our credit card rankings.

Check out our ultimate list of credit card reviews for the low-down on credit cards in Singapore.

Know someone whose lifestyle fits this credit card to a T? Share this article with them.

Related Articles

The Ultimate List of Credit Card Reviews in Singapore

12 Best Cashback Credit Cards in Singapore (Apr 2024)

5 Best Unlimited Cashback Credit Cards in Singapore (2022)

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CIMB VISA INFINITE

Features & benefits.

Unlimited 2%¹ cashback

Spend just S$2,000 within a statement month using your CIMB Visa Infinite Credit Card and enjoy unlimited 2%¹ cashback on the following transactions:

Travel Spend (i.e. transactions made in hotels, airline and travel agency bookings)

Overseas Spend

Online Spend in Foreign Currencies

Unlimited 1% cashback on all other spend

Get rewarded with unlimited 1% cashback from the first dollar on other retail purchases.

Complimentary access to airport lounges

Travelling can be an arduous affair, but with the CIMB Visa Infinite Credit Card, the entire experience can become more enjoyable. Let CIMB Visa Infinite make your travel more seamless with:

3 complimentary global lounge access at over 1,000 airports lounges annually for Principal Cardmembers

Discounts of up to 25% at selected dining outlets in airports worldwide

5% discount when you book an Airport Limousine transfer, available in 300 cities

5% discount on Meet & Greet services, available at 120 airports worldwide  

Simply download the “ Airport Companion ” app on your mobile device and register for a DragonPass membership account to start enjoying the above benefits. Click for the User Guide .

Terms & Conditions apply. Find out  more.

Complimentary travel insurance of up to S$1 million

Charge your full travel fares to your CIMB Visa Infinite and automatically get travel insurance coverage of up to S$1 million for you and your family. Our travel insurance covers all the essential elements from accidental death and permanent disablement to emergency medical evacuation and repatriation. Besides these benefits, you will even get covered for little travel inconveniences like baggage and flight delays. Learn more about our complimentary travel insurance .

Visa Infinite Concierge

Enjoy 24/7 personalised assistance with the Visa Infinite Concierge Service. Be it for travel planning, dinner reservations, sports and entertainment tickets and more, our team at CIMB is here to assist you anytime, anywhere, so you can focus on the important things in life. 

Simply dial  1800 823 2049  or email  [email protected].  You can also download the  ‘Visa Concierge’  app on your mobile device and register for a digital membership account to enjoy this service.

CIMB Deals & Discounts

Be it for work or play, enjoy over 1,000  CIMB Deals & Discounts  across dining, retail and lifestyle outlets in Singapore, Malaysia and Indonesia when you have CIMB Visa Infinite!

Free for life - No annual fees

Make purchases without worrying about hefty hidden costs – it’s liberating. Enjoy the convenience and freedom of owning a CIMB Credit Card with no annual fees, ever. Shop in peace knowing there aren't any costly surprises that could come up at the end of the year.

Free supplementary cards

The best things in life should be shared. Give your family the same benefits that you enjoy when you apply for up to four supplementary cards. What's more, we’ll waive the annual fee for all your supplementary cards.

Flexi-payment with CIMB 0% i.Pay Plan

Keep your finances in check by converting your big ticket purchases to  CIMB 0% i.Pay Plan 2 , where you will enjoy interest-free repayments over a period of up to 24 months.

Fuss-free cash with CIMB CashLite Personal Instalment Loan

In need of fuss-free cash?  CIMB CashLite Personal Instalment Loan 3  offers instant cash that will aid your financial needs. Enjoy the following:

Low interest rates

Flexible loan tenures between 1-5 years 

Generous credit line

Instant loan disbursement via CIMB Clicks  Internet Banking 3

Convert your credit limit to cash with CIMB Balance Transfer

Convert your available CIMB Visa Infinite Credit Card credit limit to cash at no interest with  CIMB Balance Transfer 4 , and enjoy the following:

• 0% interest rate with upfront processing fee
• Flexible monthly repayment from as low as S$50 per month
• Short tenures from 3-12 months

Get extra cash with CIMB Cash Advance

Withdraw cash conveniently with your CIMB Visa Infinite Credit Card and PIN from any CIMB ATM in Singapore, or any ATM overseas with the Visa or Plus logo.  Cash advance fee  applies. If you do not have your Credit Card PIN, please call +65 6333 6666.

Financial Flexibility with CIMB Visa Infinite

Keen to explore the above benefits? Unlock the full potential of your finances with CIMB Visa Infinite Credit Card today. From exclusive airport lounge access to concierge services, CIMB Visa Infinite’s travel privileges awaits.

Enjoy Unparalleled Benefits

Make CIMB Visa Infinite your preferred travel  credit card for travel and overseas spending and tap into endless possibilities. From extensive travel insurance coverage to no annual fees, don't miss out on the benefits. Switch to CIMB Visa Infinite Credit Card and experience the pinnacle of credit card options available in Singapore!

CIMB Credit Card Sign-Up Promotion

Cards with no annual fees with up to 10%* Cashback. Apply & get S$188* Welcome Gift!

CIMB Credit Cards Promotion

Spend & Be Guaranteed

Free* Samsonite Gritt Spinner(s) worth up to S$1,060 for your next getaway!

Over 1,000 Deals & Discounts across Singapore, Malaysia & Indonesia with your CIMB Credit Cards!

Eligibility

To apply for the CIMB Visa Infinite Credit Card, you must meet the following criteria: Min. annual income (Singaporean/Singapore PR): S$120,000.

Applicants who do not meet the minimum income requirement can submit a minimum Fixed Deposit Collateral of S$50,000.

Eligible Age

• Principal: 21 - 70 years old
• Supplementary: minimum 18 years old

Fees & Charges

Terms & Conditions

1  The 2% cashback consists of the base cashback of 1% and an additional 1% cashback. To qualify for the 2% cashback, you must spend at least S$2,000 posted in the same statement month.

2  Terms & Conditions for the CIMB 0% i.Pay Plan apply. Click  here  for details.

3  Instant Loan Disbursement is applicable for applications done via CIMB Clicks Internet Banking. Terms & Conditions governing CIMB CashLite Personal Instalment Loan apply. Click  here  for details.

4  Terms & Conditions for CIMB Balance Transfer apply. Click  here  for details.

* Terms and Conditions apply. Please refer to the respective promotion page for details.

Requirements

Documents Required (Non-returnable)

A photocopy of both sides of an NRIC for both Principal and Supplementary Card applicants (if any) OR a photocopy of a valid passport for foreign Supplementary Card applicants (if any).

1. For Salaried Employees:

• Latest computerised payslip OR
• CPF Contribution History Statement (for past 12 months) OR
• Latest Income Tax Notice of Assessment AND CPF Contribution History Statement (for past 12 months) OR Latest computerised payslip

2. For Self Employed:

• Latest 2 years Income Tax Notice of Assessment AND
• Bank statement (for past 3 months)

3. For Commissioned or Variable Income Earners:

• Latest 2 years Income Tax Notice of Assessment OR
• CPF Contribution History Statement (for past 12 months)

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How to Save Money in Singapore: Mastering Cashback and Strategic Credit Card Usage

Explore the world with one of the best credit cards for travel: cimb visa infinite, frequently asked questions (faq).

What is the CIMB Visa Infinite Credit Card, and who is it designed for?

The CIMB Visa Infinite Credit Card is a premium travel credit card tailored towards high earners seeking extensive travel benefits and a wealth of exclusive privileges . It is catered for individuals with frequent travel and overseas spending. The card will be beneficial to you if you meet a minimum annual income of S$120,000 as a Singaporean citizen or Permanent Resident.

How does the CIMB Visa Infinite Credit Card compare to other credit cards in terms of benefits and annual fees?

The CIMB Visa Infinite Credit Card stands out as one of the best travel credit cards in the market (one of the highest unlimited cashback for premium credit cards offered by banks in Singapore as of 1 December 2023). Offering unparalleled benefits such as unlimited 2% cashback on travel, overseas spend, and online transactions in foreign currencies , it provides a unique edge for avid travellers. Moreover, cardholders can enjoy the luxury of free airport lounge access, Visa Infinite Concierge services, and extensive travel insurance . Best of all, it comes with no annual fee , making it an exceptional choice for those valuing both premium perks and cost savings.

What is the credit limit typically offered with the CIMB Visa Infinite Credit Card, and can it be adjusted based on individual needs?

The credit limit for the CIMB Visa Infinite Credit Card is determined based on an individual's income and creditworthiness. While there's no fixed standard limit, CIMB continually reviews cardholder profiles to ensure the credit limit aligns with their financial capability. For our existing CIMB cardmembers who are seeking credit limit adjustments, whether an increase or decrease, please submit the credit limit form which can be found in our download centre.

To view more FAQs, visit the CIMB Credit Card FAQ Page .

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