Credit Cards

CIMB Bank Credit Cards

Service Tax Implementation 

Effective 1 September 2018, Service Tax will be imposed on selected products and services only.
Service Tax of RM25 will be imposed on each principal and supplemantary CIMB credit cards upon activation and annual renewal of the principal and supplementary credit card.

Finance Charge for Retail Transaction

The charges are:

(a) 1.25% per month or 15% per annum if you have promptly settled your minimum payment due for 12 consecutive months

(b) 1.42% per month or 17% per annum if you have promptly settled your minimum payment due for at least 10 months in a 12-month cycle.

(c) 1.50% per month of 18% per annum if your payment record is not within either (a) or (b) above.

Minimum Monthly Repayment

5% of Current Balance* + 100% Goods & Services Tax (if any) + any unpaid minimum payment specified in the preceding month’s statement; or RM50-00 whichever is higher. 

*Current Balance = Retail Transactions amount (if any) + Cash Advance amount (if any) + Finance Charges and/or Late Payment charges and any other applicable fees and charges (if any). 

Late Payment Charge 1% on the unpaid balance arising from retail transactions and cash advance, subject to a minimum of RM10.00 and a maximum of RM100.00 and will only be imposed if the minimum payment due is not paid by the due date.
Conversion for Overseas Transaction

The conversion rate as determined by Mastercard International/VISA International (whichever is applicable) plus an administrative cost of 1%* plus any transaction fee charged by Mastercard or VISA (whichever is applicable).

Dynamic Currency Conversion (DCC) is a service offered by certain overseas merchants to provide a choice to pay in Ringgit Malaysia (including online purchases) for oversea purchase.

Finance Charges Free Period

Full payment on previous statement balance:

  • Enjoy an interest-free period of 20 days for all new retail transactions from statement date.

Partial or minimum payment on previous statement balance:

  • No interest-free period.
  • A finance charge will be levied on your unpaid outstanding balance and all new transactions from the date the transactions are posted.
Cash Advance Fee The cash advance fee is 5% of the amount advanced or a minimum of RM15.00, whichever is higher. This is imposed for each cash advance transaction.
Finance Charge for Cash Transaction 1.5% per month or 18% per annum calculated on daily rest basis from transaction date to the date it is settled in full.
Card Replacement Fee 1st time – RM10
Subsequent – RM50
Sales Draft Retrieval Fee RM 14.15 per copy
Additional Statement Request Fee RM 5.00 per monthly statement
Service Tax RM25.00 per annum
Paper Statement Fee RM1.00 per statement per credit card
Service Fee For payments made via:
• Over-the-Counter - RM2.00 per transaction
• Cash/Cheque Deposit Machines  - RM0.50 per transaction

* Not applicable for CIMB Enrich World Elite Credit Card and CIMB Tesco Credit Card.

CIMB Platinum BusinessCard

Annual Fee Waived
Finance Charge for Retail Transaction

The charges are:

  • 1.25% per month or 15% per annum if you have promptly settled your minimum payment due for 12 consecutive months
  • 1.42% per month or 17% per annum if you have promptly settled your minimum payment due for at least 10 months in a 12-month cycle.
  • 1.50% per month of 18% per annum if your payment record is not within either (a) or (b) above.
Finance Charge for Cash Transaction 1.5% per month or 18% per annum calculated on daily rest basis from transaction date to the date it is settled in full.
Cash Advance Fee The cash advance fee is 5% of the amount advanced or a minimum of RM 15.00, whichever is higher. This is imposed for each cash advance transaction.
Minimum Monthly Repayment 5% of the outstanding balance or a minimum of RM 50.00 whichever is higher.
Late Payment Charge 1% of the total outstanding balance as at statement date or a minimum of RM 10.00, whichever is higher, capped to a maximum of RM 100 and will only be imposed if the minimum payment due is not paid by the due date.
Finance Charges Free Period

Full payment on previous statement balance:

  • Enjoy a finance charges free period of 20 days for all new retail transactions from statement date.

Partial or minimum payment on previous statement balance:

  • No finance charges free period.
  • A finance charge will be levied on your unpaid outstanding balance and all new transactions from the date the transactions are posted.

Service Tax

 

RM25.00 per annum

 

Conversion for Overseas Transaction The conversion rate as determined by MasterCard International plus an administrative cost of 1% plus, any transaction fee charged by MasterCard International. 
Replacement Card 1st time – RM10.00
Subsequent – RM50.00