CIMB Travel World Elite credit cards provide cardholders with an abundance of travel privileges. In addition to offering up to 10x bonus points – equivalent to one air mile/point for every RM1 spent – cardholders also gain complimentary airport lounge access at Plaza Premium First as well as global lounge partner networks that extend coverage on both principal and supplementary cards.
Benefits
If you’re an avid traveller, finding a credit card with a high earn rate for both local and foreign spend may be your ideal solution. Bankrate’s CardMatch tool provides a quick way to find cards tailored to your spending profile and travel habits.
The CIMB Travel World Elite Credit Card, available to those earning at least RM250,000 annually, comes packed with benefits that will help save on flight bookings. Apart from earning 10x points on overseas, airline, and duty-free spend – including 12 shared access passes per year to Plaza Premium Lounges worldwide (capped at four times annually), zero additional currency exchange mark-up fees when transacting overseas transactions, zero additional foreign transaction charges on transactions overseas transactions and complimentary 3GB Flexiroam global data roaming data usage allowance!
Take advantage of CIMB i.Pay’s bonus point scheme and redeem flights, hotel stays and e-vouchers at no additional interest for up to 36 months using its interest-free instalment plan! Plus you’ll enjoy its convenient 0% instalment plan that provides peace of mind!
Fees
CIMB credit cards provide numerous advantages, including free travel insurance coverage and airport lounge access, cashback rewards points and cashback offers. Unfortunately, however, these benefits come at the price of fees such as late payment penalties or interest on outstanding balances being assessed by CIMB.
Credit card fees can be an essential source of revenue for banks. Banks also benefit from earning interchange fees from merchants who accept their card for payment, but some cards waive these fees in order to attract frequent travelers; the CIMB Travel World Elite for example provides one-to-one air miles and hotel point conversion rates.
Other benefits may include complimentary travel insurance coverage and exclusive partner perks. With balance transfer plans available through the card and an interest-free period of up to 36 months, money savings is made easier and interest charges avoided altogether. It is wiser to pay your debt off each month in full to avoid incurring interest charges; additionally it is advisable to read all fine print and compare features before applying.
Rewards
CIMB credit cards offer travellers a range of rewards depending on which card is selected, from higher bonus point conversion rates to additional miles; pairing multiple cards strategically can maximize these benefits and help maximise returns.
A CIMB Travel World Mastercard offers up to 8X rewards on overseas and airline spending, while local spending earns 2X bonus points – making it a smart choice for frequent travellers. Furthermore, this credit card also offers complimentary one-night stays at participating hotels, validities varying depending on which hotels.
As well as awarding you points that can be redeemed for flights and hotel stays, the card offers exclusive travel perks like access to airport lounges, comprehensive travel insurance coverage and purchase protection services for online purchases. It has a low minimum income requirement making it accessible for many. Furthermore, consolidate existing credit cards using its 0% balance transfer plans; visit the CIMB website for more details.
Redemption options
As one of the country’s premier cards, CIMB Travel Platinum credit card provides its cardholders with various redemption options. These include buying air miles with 11 airlines and hotel stays, redeeming e-vouchers or cash back on purchases, accessing Plaza Premium Lounges worldwide (subject to certain conditions; such as meeting quarterly spend thresholds), as well as complimentary access.
Consider how you use your credit card, and take into account both how quickly you accumulate points across categories as well as any fees or charges associated with using it, such as foreign transaction fees from CIMB cards with foreign transaction fees that could add up quickly. It’s important to know all potential costs before applying, which you can do by reading through its terms and conditions; additionally, compare it with alternatives like Wise international debit card which offer similar benefits.
