Credit Card
 Customer Service | 5.0 |
Questions & Answers about CIMB AWSM Card 2024
Last updated:Â
The CIMB AWSM Card is great for those low income working adults earning less than S$30,000/year. Their features and benefits offered are 1% cash back on dining and entertainment, online shopping, 1% cashback on all things telco, CIMB deals and discounts, and transit with ease with SimplyGo.
CIMB Bank Berhad Singapore Branch
CIMB (Commerce International Merchant Bankers) Group Holding Berhad is a leading ASEAN (The Association of Southeast Asian Nation) Universal Bank operating in high growth economies. The group operates under several entities including CIMB Bank, CIMB Investment Bank, CIMB Islamic, CIMB Niaga, CIMB Securities International, and CIMB Thai. It is the second-largest bank in Malaysia comprising of 534.1 billion Malaysian Ringgits worth of total assets. The group provides vasts variety of banking and financial services to its customers, whether they be a natural person or an artificial person, with its primary activities being Commercial banking, Islamic banking, investment banking, and Asset management just to name a few. The group operates with over 100 Commercial Centres and around 850 branches with co-located Trade Service Centres to its 16 global markets. The group also has a staff strength of over 36,000 located in 18 countries, covering ASEAN and major global financial centers as well as countries as in which its customers have significant business and investment dealings.
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.