CIMB Tesco Master Credit Card
The CIMB Tesco Mastercard is designed to provide maximum benefits to the cardholder when the card is used at Tesco stores nationwide. The card provides benefits of cash rebates when used at Tesco outlets and is convenient card that is easy to use with built in contactless payment methods and safer with a secure pin and pat feature. The card also has no annual fees and is one cost the cardholder doesn’t have to worry about. The features and benefits of the card are as follows
Features of the CIMB Tesco MasterCard
- The minimum income required to avail this card is RM 24,000 annually.
- The minimum age of the cardholder must be 21 years as at last birthday.
- The minimum age of supplementary cardholder must be 18 years as at last birthday.
- Finance charges for those cardholders who have promptly settled their minimum monthly payments for a period of 12 consecutive months is given at 15% p.a.
- Finance charges for those cardholders who have promptly settled their minimum monthly payments for 10 consecutive months in a 12 month cycle is given at 17% p.a.
- If the cardholder has a payment record that does not fall in the above categories receive finance charges at 18% p.a.
- Cash advance fee is 5% of the amount advanced per advance transaction.
- The minimum monthly payment to be made is RM 50 or 5% of the outstanding balance, whichever is higher.
- Late payment attracts a penalty of 1% of the outstanding amount which is subject to a maximum limit of RM 100
- The interest free period offered by the card is 20 days.
- The fee for replacement of the card is RM 10 for the first request and RM 50 for the subsequent requests.
- The annual fees of the card is waived and is free for life.
Benefits of the CIMB Tesco MasterCard
The card offers cash rebates on expenses charged to the card at Tesco outlets. The card earns a cashback at the rate of 2% when the expense at Tesco amounts to below RM 3000 and the card earns a cashback at the rate of 5% when the expense at Tesco amounts to above RM 5000
The card offers peace of mind by means of keeping transactions safe and secure. The card has a built in feature of Pin and pay which is to say that transactions can be made only after entering the PIN. This 2 step feature keeps the card from falling into the wrong hands.
The card makes shopping easier and convenient by means of an inbuilt contactless payment method that allows cardholders to pay by simply tapping it onto a terminal that is compatible with the contactless payment
CIMB Tesco MasterCard Rewards Program
The CIMB Tesco MasterCard has a reward program attached to it that not only provides cashback on purchases at Tesco but also rewards the cardholder with reward points that can be accumulated and redeemed for exciting gifts. The card earns reward points on purchases made at Tesco as well as all other retail purchases charged to the card. If the expense charged to the card is less than RM 3000 the card earns reward points at the rate of 1 point for every RM 2 charged.