Credit Cards Fees and Charges

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 new principal and supplementary 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 or 18% per annum if your payment record is not within either (a) or (b) above.
Minimum Monthly Repayment	5% of Current Balance* + 100% of any service tax and any other value added taxes imposed (if any) + 100% of all monthly instalment due for any programmes/arrangements operated by the Bank (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.
PLUS / CIRRUS ATM Withdrawal / Account Enquiry	RM2.00 each.
Conversion for Overseas Transaction	The conversion rate as determined by Mastercard International/VISA International plus an administrative cost of 1%* plus any transaction fee charged by Mastercard or VISA. 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 overseas purchase. * Not applicable for CIMB Travel World Elite Credit Card.
Finance Charges Free Period	For retail transactions - 20 calendar days from the statement date, if you pay the balance in full and on time. If you do not pay in full and on time, finance charges on retail transactions will be calculated from the posting date of the transaction. The finance charges free period is not applicable to balance transfer or cash advances.
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	RM10 for first replacement & RM50 for every subsequent replacement.
Sales Draft Retrieval Fee	Not Applicable
Additional Statement Request Fee	RM 5.00 per monthly statement
Service Tax	RM25 will be imposed on each new principal and supplementary credit card upon activation and annual renewal of the principal and supplementary credit card.
Paper Statement Fee	RM2.00 for each monthly credit card paper statement
Balance Transfer Fee	Not Applicable
Finance Charge for Balance Transfer	Refer to www.cimb.com.my for latest finance charges rate. Any outstanding balance of the amount transferred not paid in full within the tenure will be subject to finance charges of 1.5% per month or 18% per annum calculated on a daily basis.
Overlimit Fee	Not Applicable
Dishonoured Cheque Fee	Not Applicable
Stamp Duty	Applicable only to cardholders who charge/pledge/assign their Fixed Deposit(s) to the Bank - Ad valorem stamp duty in accordance with the Stamp Duty Act 1949 (Revised 1989).

CIMB Platinum BusinessCard

Annual Fee	Waived
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.
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 Current Balance * + 100% Service Tax and any other value added taxes imposed (if any) + 100% of all monthly instalment due for any programmes/arrangements operated by the Bank (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.
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 (except for balances related to finance charges and late charges that were carried forward from the previous statement) and all new transactions from the date the transactions are posted.
Service Tax	RM25.00 per card
PLUS / CIRRUS ATM Withdrawal / Account Enquiry	RM2.00 each.
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. 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.
Replacement Card	1st time – RM10.00 per card Subsequent – RM50.00 per card
Paper Statement Fee	RM2.00 for each monthly credit card paper statement.
Additional Statement Request Fee	RM5.00 per monthly statement
Stamp Duty	(a) Applicable only to Applicants who charge/pledge/assign their Fixed Deposit(s) to the Bank - Ad valorem stamp duty in accordance with the Stamp Duty Act 1949 (Revised 1989). (b) Applicable to Memorandum of Continuing Guarantee & Indemnity (MCGI) (where applicable) – Nominal stamp duty in accordance with the Stamp Duty Act 1949 (Revised 1989).

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Credit Cards

CIMB Bank Credit Cards

Service Tax Implementation

CIMB Platinum BusinessCard

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