CIMB has announced some changes to the features of its CIMB World Mastercard that will kick in on 15 November. The revision introduces some new benefits geared towards the frequent traveller, such as overseas cash rebate and higher bonus points for flight tickets.

Before 15 November	After 15 November
2x Bonus Points for overseas spend RM1 million travel insurance coverage KLIA/klia2 premium ride discounts (until 31 December 2019) 4x complimentary green fees at regional golf courses	1.5% cash rebate on overseas spend RM1 million travel insurance coverage 5x Bonus Points for flight ticket purchases 15% off at The ZON Duty Free outlets in Malaysia 15% off and RM10 stamp duty waiver for travel insurance Preferential foreign exchange rates at CIMB Bank Bureau de Change in Malaysia

CIMB World Mastercard cardholders will still get the same 1x Bonus Points for local spend, but the they will no longer earn 2x Bonus Points for overseas spend. Instead, cardholders will receive an unlimited 1.5% cash rebate on overseas spend. Both retail purchases overseas and online spend in foreign currency qualify for the cash rebate. Cardholders are eligible for this cash rebate until 30 November 2020.

Another new benefit introduced is the 5x Bonus Points for flight ticket purchases, a feature that would help the cardholder rack up points more quickly. According to CIMB, 100,000 Bonus Points is equivalent to RM250. Moreover, buying your flight tickets with your CIMB World Mastercard gets you automatic travel insurance coverage of up to RM1 million – a current feature of the card that will be carried forward to the new version.

Besides the overseas cash rebate and 5x bonus points for flight tickets, the revised CIMB World Mastercard will also offer the following travel-centric benefits:

Benefit	Valid until
15% off at The ZON Duty Free outlets in Malaysia (in addition to 1x bonus points for local spend)	15 November 2021
15% off and RM10 stamp duty waiver for travel insurance	30 June 2020
Preferential foreign exchange rates at CIMB Bank Bureau de Change in Malaysia	30 November 2020

Meanwhile, the CIMB World Mastercard’s other privileges like up to 50% off hotel dining privileges across the region and one-for-one afternoon tea set deals at selected hotels in Kuala Lumpur remain unchanged by the revision. The existing CIMB Regional Golf programme, which gives cardholders 4x complimentary green fees, will continue until 31 December 2019. After that, you can enjoy the privileges of the Mastercard Southeast Asia Golf – World programme instead, with 50% off green fees at 25 golf courses in 9 countries.

As mentioned, the changes to the CIMB World Mastercard will take effect on 15 November 2019. The annual fees for the CIMB World Mastercard remain fully waived and the minimum income requirement is RM90,000 per annum (RM7,500 per month).

If you’re interested in getting yourself a travel card, you can also have a look at our travel credit card comparison page here.

(Source: CIMB)

 

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