CIMB Preferred Visa Infinite Card is a ‘preferred members-only’ credit card that provides the cardholders an exclusive range of privileges that can be enjoyed within the country as well as around ASEAN (Association of Southeast Asian Nations). This card gives the cardholders both travelling and shopping-related benefits, and has multiple value-added features associated to it.
Features of the CIMB Preferred Visa Infinite Card
The card comes with a complimentary supplementary card.
The principal as well as the supplementary cards come with a lifetime annual fee waiver.
The cardholders get an access at more than 100 CIMB Preferred centres across ASEAN.
The members can enjoy a preferential foreign exchange rates with this card.
The card also has amazing value-added features like Balance Transfer, CashLite, 0% Easy Pay, and Credit Protector Plus among many others.
Benefits of the CIMB Preferred Visa Infinite Card
The cardholders can earn 1x bonus points with every local retail transaction and 2x bonus points with every overseas transaction.
The cardholders are also eligible for an exclusive access to all Plaza Premium Lounges in Malaysia 4 times in a calendar year.
The card provides the cardholders with a complimentary travel insurance coverage.
The cardholders can also enjoy exclusive privileges like dining with Hollywood celebrities, VIP backstage passes for fashion weeks, and an opportunity to participate in Super Car rally in Europe.
The cardholders can also enjoy exclusive Visa benefits like dining, travelling, and shopping privileges all over the world.
This card can be applied through invitation only.
The applicants for the principal card must be at least 21 years old.
The applicants for the supplementary card must be at least 18 years old.
Fees and Charges
Annual fees – Principal card
The annual fee for both primary as well as the supplementary card is waived for life.
Minimum monthly repayment
The higher amount from either RM50 or 5% of the total outstanding amount.
Finance charge on retail purchases
The finance charge depends upon the repayment behaviour during last 12 months and varies from a range of 15 to 18% p.a.
Finance charge on cash advance
The finance charge on cash advance is 18% p.a.
Late payment charges
The higher amount from a minimum of RM10 or 1% of the total outstanding amount. This amount is capped to a maximum of RM100.
Cash advance fee
The higher amount from a minimum amount of RM15.90 or 5% of the cash withdrawn.
Overseas transaction conversion fee
1% administrative cost plus the conversion rate determined by Visa International on the day of the transaction.
Card replacement fee
First card replacement will cost an amount of RM10.
Subsequently, the card replacement will charge an amount of RM50.