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Charges |
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| 1 | Cash Advance fee (not on CIMB ATM in Malaysia) | |
CIMB Classic MasterCard
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Fee: 5% of the amount withdrawn (minimum charge of S$15).
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Finance Charge: 2.25% per month (effective interest rate 27% p.a. subject to compounding on the amount withdrawn), chargeable on a daily basis from the date of withdrawal until receipt of full payment (minimum charge of S$2.50).
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| 2 | Annual Membership Fees | | Nil |
| 3 | Minimum Payment
- Where the outstanding balance exceeds S$50 but is not over the credit limit
- Where the outstanding balance exceeds S$50 and is over the limit
| | Where the outstanding balance is S$50 and less, the Cardmember must make full payment by the payment due date to avoid incurring Late Payment Charge. Where the outstanding balance exceeds S$50, the Cardmember may avoid incurring Late Payment Charge by making Minimum Payment by the payment due date as follows:
- 3% of the outstanding balance or S$50 whichever is higher, plus any outstanding overdue amount from the previous statement
- 3% of the outstanding balance or S$50 whichever is higher, plus the excess over the credit limit and any outstanding overdue amount from the previous statement
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| 4 | Finance Charge for Retail Transactions | |
CIMB Classic MasterCard
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Finance Charge: 2.25% per month (effective interest rate 27% p.a. subject to compounding if the charges are not repaid in full) on the transaction amount, chargeable on a daily basis from the date of posting until receipt of full payment (Minimum charge: S$2.50)
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No finance charges will be levied if payment is received in full by the “Payment Due Date”, and there is no balance carried forward from the previous statement.
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| 5 | Unsuccessful Payment Service Charge | | S$40 for any returned cheque and S$10 for any rejected Interbank Giro payment |
| 6 | Late Payment Charge | | S$60 if (i) full payment of the outstanding balance (where the outstanding balance is S$50 and less) is not received by the payment due date; or (ii) if the Minimum Payment (where the outstanding balance exceeds S$50) specified in the Statement is not received by the payment due date. |
| 7 | Replacement Card | | S$20 per card |
| 8 | Request for Card Statement | | S$5 per monthly statement. For retrieval of statements that are more than 3 months old, a fee of S$10 per copy applies. |
| 9 | Request for Sales Draft | | S$5 per copy. |
| 10 | Transactions in Foreign Currencies | | A service charge levied by the respective card associations and an administrative fee of 1.2% of the transaction amount (or such other rates as we may determine from time to time) levied by us is incurred for foreign currency transactions when you use the Card to purchase goods, services or facilities in foreign currency. Overseas transactions (whereby the merchant is based outside of Singapore) transacted in Singapore Dollars are also subject to the charge imposed by the respective card associations.
Note: Foreign currency transactions will be billed in Singapore Dollars, the Card Account currency. In this regard, transactions other than in US Dollars will be converted into US Dollars first before they are converted into Singapore Dollars. Each conversion will be based on such rate as determined by the respective card associations. The conversion rate is applied on the date of posting to the Card account and may be different from the rate in effect on the date of transaction. |
| 11 | Closing of Account | | S$50 if the Cardmember cancels the Card within 12 months from Card Account opening date. |
| 12 | Fee Charged for Accounts in Excess of Approved Limit | | For each occasion that the credit limit is exceeded, S$50 or 5% of the excess amount, whichever is higher. |
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