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Credit Card

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Putri Nicken
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39 views6 pages

Credit Card

Uploaded by

Putri Nicken
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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INTRODUCTION

By here I would to say to thank you to my group members, the bank staff that help us and our
lecturer who gives us this task. Our group was given task to getting known more about CIMB
Bank especially for Credit card and Saving account. CIMB Bank is the commercial banking of
CIMB Group, offering retail banking services to over 5.3 million customers in Malaysia. It
provides a comprehensive range of consumer banking products and services through a country-
wide network.
As the second largest commercial bank in Malaysia, CIMB Bank holds significant market
share across all consumer banking products in Malaysia. CIMB Group basically is
operating business on a dual banking basis through three main brand entities which are
CIMB Bank, CIMB Investment Bank and CIMB Islamic that giving customer a choice of both
conventional and Islamic solutions. CIMB Bank is the Group’s consumer bank in Malaysia. It
has four main operating markets that located in Malaysia, Indonesia, Singapore and Thailand,
plus a growing presence in Cambodia and Philippines that are role as main subsidiaries.
Besides that, CIMB Bank has opened their branch in London and representative offices in
Shanghai, Yangon and Mumbai. In Malaysia, CIMB Bank had 312 branches, 8,6 Million
customers and 2,284 ATM at the end of 2012 and the number are still growing. As
the second largest consumer bank in Malaysia, CIMB Bank managed to open two branches in
Singapore and eleven branches in Cambodia
CIMB Group also not only focus on conventional banking but also in Islamic Banking.
CIMB Group has introduced CIMB Islamic. CIMB Islamic is the global Islamic banking and
finance that conduct under CIMB Group. It offers full complement of Shariah compliant
financial solutions in Investment Banking, Consumer Banking, Asset management, Takaful,
Private Banking and Wealth Management. It also has operating in parallel with the Group’s
objective. CIMB Islamic Shariah Committee has responsible to guide and monitor the operation
to make sure it follows and abide all Shariah principles in Malaysia, CIMB Islamic is the second
largest Islamic bank after Bank Islam. Besides that, CIMB Islamic is also recognised as a pioneer
in Islamic financial markets.
CREDIT CARD IN CIMB BANK

CIMB Bank has a lot of product that been introduce in banking industry including Credit card.
They are many credit card that has been introduce in CIMB Bank, the most famous was CIMB
Cash Rebate Platinum Credit Card, this Cash rebate credit cards are popular among Malaysians.
CIMB Credit Cards that are tailored to every needs. Depending on the preferred spending, there
are cards which offers cashback and also cards that offers attractive cashback for all transactions
in travel, dining, entertainment and also shopping.

CIMB Bank presents a variety selections of cards which include retail spending, petrol
cashbacks, dining cashbacks and travel miles. CIMB also offers an attractive balance transfer
program for most of their cards, offering 0% interest rates for 6 months without any annual fees.
CIMB credit cards also include a balance transfer facility whereby cardholders are allowed to
transfer in full or in part the outstanding balance of a credit card account with any bank into a
CIMB credit card account.

These are the Credit card that offer in CIMB Bank:


 CIMB Cash Rebate Platinum Credit Card
 CIMB Enrich Platinum Credit Card
 CIMB Enrich World Credit Card
 CIMB Enrich World Elite Credit Card
 CIMB World Master Card Credit Card
 CIMB Visa Signature Credit Card
 CIMB Preferred Visa Infinite Credit Card
 CIMB Visa Infinite Credit Card
 CIMB Platinum Credit Card
 CIMB PETRONAS Platinum-i Credit Card
 CIMB PETRONAS Platinum Credit Card
 CIMB Tesco Platinum Credit Card
 CIMB Islamic Bank Platinum Credit Card
 CIMB Platinum Business Card
CIMB Cash Rebate Platinum Credit Card
CIMB Cash Rebate Platinum Credit Card gives 5% cash rebates on Cinema, Groceries, Petrol,
Mobile and Utilities every month. Dining over the weekends earn 12% cash rebates, whereas
0.2% unlimited cash rebate on everything else. Cash rebate credit cards are popular among
Malaysians. CIMB Cash Rebate Platinum MasterCard is a heavyweight in this category, offering
cardholders up to 12% cash rebates without minimum spend. CIMB Cash Rebate Platinum credit
card offers one of many ways to save with cash rebate for every swipe. Unlike most of the cash
rebate credit cards in the Malaysian market, CIMB Cash Rebate Platinum credit card has the
broadest cash rebate categories for a multitude of transactions.

CASHBACK CATEGORY CASHBACK MONTHLY SPEND


RATE CAP
Weekend Dining 12% RM30 any amount monthly
Cinema, Petrol, Groceries, Mobile 5% RM30 from RM3,000and
and Utility Bills via Standing above
Instruction
Cinema, Petrol, Groceries, Mobile 2% RM30 up to RM2,999
and Utility Bills via Standing
Instruction
Other Retail or Online Spend 0.2% uncapped any amount

Requirements
 Minimum Annual Income is RM24,000
 Minimum Age is 21 to 65 years old years for old primary card
 18 years old for supplementary card
 Malaysians Only
Eligibility and Required Documents
Any individual with the age of 21-65 years old (principal card) and 18 years old (supplementary
card) can apply for CIMB Cash Rebate Platinum MasterCard. Another eligibility criteria are
must have earning minimum RM2,000 per month.
REQUIRED DOCUMENTS FOR CIMB CASH REBATE PLATINUM MASTERCARD
APPLICATION
Self-employed Salaried Employee Salaried Expatriate
Photocopy of MyKad Photocopy of MyKad (both Passport copy
(both sides) sides)
Photocopy of Business Latest EPF statement / 2 Latest 2 month salary slip
Registration Form month salary slip
Latest Form B with tax Choose 1: Letter of employment
receipt 3-month bank statement
Latest EA Form
Latest BE Form with tax
receipt
Working permit with min.
validity of 1 year during
application

Balance Transfer
Consolidate your credit card outstanding balance and transfer to CIMB Balance Transfer to
enjoy the interest rate from as low as 5.99% p.a. for up to 12 months.

PAY OVER WITH INTEREST WHEN YOU


RATE AT TRANSFER
6 months 5.99% p.a. and no one-time from RM1,000
upfront handling fee
12 months 7.99% p.a. and no one-time from RM1,000
upfront handling fee

Easy Payment Plan


CIMB Cash Rebate Platinum Credit Card gives 36 months of interest-free instalment payments
on your next shopping spree with a CIMB Bank credit card.

PAY OVER WITH INTEREST WHEN YOU


RATE AT SPEND
12 months 0% p.a. and no one-time RM50
upfront handling fee
24 months 0% p.a. and no one-time RM50
upfront handling fee
36 months 0% p.a. and no one-time RM50
upfront handling fee

Fees & Charges


Annual Fee RM0 primary card
Free for life
RM0 supplementary card

Sales And Service RM25 on each principal and supplementary card upon
Tax activation and anniversary date

Minimum Monthly RM50 or 5% of outstanding amount, whichever is higher


Payment
Cash Withdrawal Fee RM15 or 5% of withdrawn amount, whichever is higher

Daily Maximum Up to RM5,000


Cash Withdrawal
Interest Rate On Cash 18%
Withdrawals
Late Payment Fees RM10 or 1% of outstanding amount, up to a maximum
of RM100

No Annual Fee
For CIMB Cash Rebate Platinum Credit Card which is no need to pay an annual fee for a
lifetime. All you have to pay for is the compulsory Sales & Service Tax of RM25, charged every
year upon your CIMB Cash Rebate Platinum MasterCard anniversary date. There are more than
just rebates with CIMB Cash Rebate Platinum MasterCard if can know on how to fully utilise it.
This cash rebate credit card can serve as credit lifeline in times of needs.

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