Card for affluent individuals to feature benefits centred on Protection, Conservation and Rewards

KUALA LUMPUR, March 4 (Bernama) -- CIMB on 3 March 2022 unveiled the CIMB Preferred Visa Infinite-i Credit Card for CIMB Preferred customers. The CIMB Preferred Visa Infinite-i allows customers to enjoy the same privileges as the conventional Preferred credit card, with added benefits of an Islamic credit card exclusively designed for the needs of affluent individuals. The card includes distinct benefits that are aligned to positive values, centred around the three main pillars of Protection, Conservation and Rewards.

Ahmad Shahriman Mohd Shariff, CEO, Group Islamic Banking, CIMB Group said, “CIMB is committed to providing Shariah-compliant financial solutions that are tailored to our customers’ beliefs and values. Above and beyond the elite privileges catering to personal banking and lifestyle experience, the CIMB Preferred Visa Infinite-i Credit Card will also provide our customers with an opportunity to understand the importance of an Islamic credit card and its positive and meaningful impact on their wealth planning as well as social philanthropy. We anticipate considerable growth in demand and will strive to effectively meet the needs of this market segment that aligns with moral principles while making Shariah-compliant transactions easy, secure, and rewarding for our cardholders.”  

Ng Kong Boon, Country Manager, Visa Malaysia said, “We congratulate CIMB on the launch of the CIMB Preferred Visa Infinite-i Credit Card. Malaysia is one of the key markets for Islamic banking and we are proud to be working with valued partners such as CIMB to provide innovative digital payment solutions for everyone, everywhere. According to the Visa Consumer Payment Attitudes Study¹, 85 per cent of consumers are satisfied with their Islamic banking experience. We are excited to be a part of this launch, marking yet another milestone in Malaysia’s thriving financial landscape.”   
 
Guided by its focus on Protection, the credit card offers premium Takaful protection including coverage of RM1 million for travel, RM100,000 for personal accidents and up to RM10,000 for outstanding card balances. On top of that, CIMB is the first to introduce extended protection of RM100 per day in hospital allowance, a Badal Haji benefit of RM3,000 and Qurban contribution of RM750. 
 
Meanwhile, the CIMB Preferred Visa Infinite-i Credit Card offers 8X Bonus Points for contributions to Zakat and selected charitable causes, which can be redeemed for family holidays or Umrah packages. Cardholders can also make a difference by converting their bonus points into donations to new charities and Waqf. In harmony with CIMB’s commitment to sustainability, the Islamic credit card is made from materials derived from renewable resources that are eco-friendly and biodegradable. These benefits and features demonstrate a sense of care and conservation for both community and environment while providing customers with rewards linked to their card usage.  
 
The CIMB Preferred Visa Infinite-i Credit Card is available for sign-up via the CIMB website or at any of our CIMB Bank branches nationwide. For more information, please visit www.cimb.com.my. Terms and conditions apply. 
 
The launch of the CIMB Preferred Visa Infinite-i Credit Card took place at the inaugural edition of the Bazar Siberturahim Fashion Fest, a fashion and lifestyle showcase event presented by CIMB Preferred in conjunction with the upcoming Hari Raya Aidilfitri celebrations, with an engaging series of fashion shows and a curated shopping experience held at the Sime Darby Convention Centre, Kuala Lumpur from 3 – 6 March 2022. The event showcases more than 20 local fashion and lifestyle brands such as Radzuan Radziwill, Cosry, Anuar Faizal and many more. For more information on the Bazar Siberturahim Fashion Fest, please visit www.cimb.com.my/raya  

Press release Photo : 
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Captions:
Card01 - Launching the CIMB Preferred Visa Infinite-i Credit Card were Ahmad Shahriman Mohd Shariff, CEO, Group Islamic Banking, CIMB Group (second left); Kelvin Tan, Head of Sales, Visa Malaysia (second right); Law Zee Mei, Head, Preferred Banking & Digital Wealth, CIMB Bank Berhad (far left) and Nicholas Mok, Head of Cards Product, Usage & Acquisition, CIMB Bank Berhad.
 
BSFF1 - Officially launching the Bazar Siberturahim Fashion Fest were Ahmad Shahriman Mohd Shariff, CEO, Group Islamic Banking, CIMB Group (at right of visual mock up); Law Zee Mei, Head, Preferred Banking & Digital Wealth, CIMB Bank Berhad (left of mock up) and the participating local fashion designers at the Sime Darby Convention Centre. 

About CIMB
 
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM55.3 billion as at 31 December 2021. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, South Korea, the US and UK.
 
CIMB has one of the most extensive retail branch networks in ASEAN with 630 branches and around 33,000 employees as at 31 December 2021. CIMB’s investment banking arm is one of the largest Asia Pacific based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand. 


¹ The Visa Consumer Payment Attitudes Study 2021 on Islamic Banking was conducted by CLEAR on behalf of Visa in October 2021 across twelve cities in Malaysia. The total sample size is 995 aged 18 – 65, covering all education groups with a minimum monthly personal income of MYR 2,000.


Source: CIMB Group

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Hishamuddin Omar / Anis Azharuddin
Group Corporate Communications 
CIMB Group Holdings Berhad
Email: hishamuddin.omar@cimb.com / anis.azharuddin@cimb.com 

--BERNAMA