Forum
Last updated: 

Has anyone applied for CIMB AWSM credit card? Is it a good card Care to share the pro and cons?

Hello everyone, I will like to hear from you if you have tried the CIMB AWSM credit card and if so is it a good card, can you share some pros and cons of the card?

User comments

  • user image

    No Name

    This card targets students, NSFs and the lower income earners. In my opinion it is a pretty good card for the target audience since as an NSF myself, I do not meet the minimum salary for the other better credit cards. Furthermore, it doesn't have any annual fees so I can just keep it and use it whenever I want/need to without worrying about any fees. As for DBS debit card, I believe that it requires a minimum spending of $400 which I believe most students and NSFs can't hit, and thus will be unable to qualify for the cashback. So this CIMB AWSM credit card is a good alternative for them. In a brief summary the Pros include no min income to apply for students and NSF, low entry point of $18,000 if you are under 35, better lifestyle perks with telecommunication and dining, unlimited cash back and no annual fees. The cons on the other hand include the fact that 1% is a very Low level for rebates, applicant must not be an existing CIMB Credit Card member, which I find to be quite odd anyway. In summary, you can get the card if you do not meet the minimum income requirements of a standard credit card as it offers a fuss free cash rebate program.

    2019.08.01 4:19

Please leave your knowledge and opinion!

Recommending Forums

Investment

Can I still use my present card with the old CIMB AWSM Card face while I await the new card face?

CIMB AWSM Card

Related Forums

Investment

I'm investing on a farm abroad by using my credit card.I got scammed

Investment

What are the characteristics of a bond?

Investment

WHat is the best way to invest my money on?

Investment

How much can foreigners borrow under the amendments to the Moneylenders Act?

Investment

What exactly does liquidation do for me and why would I ever consider?

Investment

Should I invest on properties in Singapore?

Related Reviews

Investment

When I apply via MyInfoget I get to use my card instantly

So it is really convenient that I can get and use my card instantly when I apply via MyInfo. And the cards instant digital card that can be used for mobile wallets, online and mobile app purchases. Now aside from the same day physical credit card issuance for online applications you also get S$50 cash rebate upon approval with no minimum spend required. However that is only for new OCBC Credit Card applications.

OCBC Robinsons Group Credit Card / Oversea-Chinese Banking Corporation

Investment

Fee waivers and No transfe fees

The AMEX Express Singapore Airlines Solitaire PPS Credit Card gives a First Year Fee Waiver for you to enjoy and also for your supplementary card members. In addition there are no transfer fees and all the KrisFlyer miles you can earn are directly transferred automatically to your KrisFlyer account with no transfer fee. I would recommend this card for these few reasons which could really make the difference.

American Express Singapore Airlines Solitaire PPS Credit Card / American Express International

Investment

40,000 Membership Rewards points to refer a friends to the card

I like the idea that I can receive 40,000 Membership Rewards points when I get to successfully refer any of my friends to the card. Even more so as my friends can also receive 40,000 Membership Rewards points upon spend of S$5,000 in the first 3 months of their Card Membership. I think that is pretty much a win-win situation.

American Express Platinum Card / American Express International

Investment

Consumers earn 2.4 miles per S$1 spend overseas and 1.2 miles on general local spend

OCBC Voyage Card is perfect for well-off consumers with a shifting travel schedule, who want to earn high miles locally and overseas. Consumers earn 2.4 miles per S$1 spend overseas and 1.2 miles on general local spend, which aligns with similar cards. Consumers are most likely to benefit from OCBC voyage card if they spend most of their budget locally, with at least 25% of local spend on dining.

OCBC VOYAGE Card / Oversea-Chinese Banking Corporation

Investment

Earn rebates in the form of cash rebates and LinkPoints by shopping at NTUC

Even as the OCBC Plus! Visa is not a cashback card, thus there is no cap, or "maximum" cash back, you get to still earn rebates in the form of cash rebates and LinkPoints by shopping at NTUC. However do note that there is a minimum spend of $500 in places outside NTUC before the full range of rebates and LinkPoints can be unlocked.

OCBC Plus! VISA Credit Card / Oversea-Chinese Banking Corporation

Investment

Spend S$1,500 in the first 3 months to receive 24,000 Membership Rewards points

The welcome bonus with this card is quite mouth-watering. Simply spend S$1,500 in the first 3 months to receive 24,000 Membership Rewards points. That you will find to be enough points to redeem for S$110 cash credit. Plus you can see the points add up with 100% bonus points on all spend in your first 3 months of Card Membership. I have been using this card now for 6 months and am yet to find reasons to complain.

American Express Rewards Card / American Express International