The CIMB Tesco MasterCard is a credit card that offers discounts and rebates on expenditure made at the Tesco outlets. A cardholder can also earn extra Tesco Clubcard points when he/she makes purchases at the participating stores.
Features of the CIMB Tesco MasterCard Credit Card
The annual fee is waived and the cards, both principal and supplementary, are free for life.
A cardholder is provided with a Tesco Clubcard at no extra charges that can earn additional points on each transaction made through it.
The credit card proves to be handy due to the features like Tap and Pay which proves convenient for quick purchases. A cardholder merely has to tap the card on the terminal to complete his payment.
There is also a Pin and Pay feature available on the card that provides extra security to the customer while making the payments. He/she has to enter a safety PIN every time he/she wants to make purchases through the card. This two-step process provides added security to the cardholder.
Benefits of CIMB Tesco MasterCard Credit Card
A cardholder can earn up to 5% cash rebates at Tesco outlets every day capped at RM50 every month.
With every purchase made on the card, extra Tesco Clubcard points are earned every time. For every RM2 spent in Tesco stores with the Tesco Clubcard, he/she can earn 1 extra Tesco Clubcard Point on making the payment with CIMB Tesco Platinum MasterCard Credit Card.
The Tesco Clubcard is available to the new customers without any charges. Through the Clubcard, extra points are earned on every transaction made.
A cardholder can gain 1 Tesco Clubcard Point on each of his other retail spend (apart from petrol expenditure) worth RM4.
The principal cardholder must be of 21 years of age.
The supplementary cardholder should not be less than 18 years of age.
Minimum annual income required to obtain the card is RM24,000.
Fees and Charges
Annual Fee – Principal Card
Waived for life
Annual Fee – Supplementary Card
Waived for life
Finance Charges (Retail Purchases)
15% p.a. to 18% p.a.
Finance Charges(Cash Withdrawal)
1.5% p.m. or 18% p.a.
Cash Advance Fee
A minimum of RM15.19 or 5% of amount advanced (whichever is higher, imposed on each cash advance transaction)
Late Payment Charges
1% of the total outstanding balance or minimum RM10 (whichever is higher) capped at a maximum of RM100
Overseas Transaction Fee
The conversion charges will be decided by Visa International or MasterCard International plus in addition 1% administrative cost is imposed by the bank
Interest Free Period
Card Replacement Fee
RM10 (for first card) &
RM50 (for each subsequent card replacement)
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